The latest research study “Government Cloud Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global government cloud market size reached US$ 27.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 71.2 Billion by 2027 exhibiting a CAGR of 16.30% during 2022-2027.
Covid-19 Impact:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Industry Definition and Application:
Government cloud refers to a hybrid design of cloud virtualization and computing solution designed especially for federal institutions and organizations to deliver citizen services, host web applications and improve overall operational effectiveness. It provides government information regarding creating documentation, settings for backup, strategic transformation, and configuring customized settings for backup developing teams. It is available in various delivery models, including platform as a service (PaaS), infrastructure as a service (IaaS) and software as a service (SaaS).
Global Government Cloud Market Trends and Drivers:
One of the primary factors driving the market is the extensive adoption of government clouds across various industries for accessing the vast citizen data regarding policies, user logs and systems. Additionally, the integration of artificial intelligence (AI), the Internet of Things (IoT), and cloud-based solutions to sequence unstructured solutions to implement disaster recovery and data backup is propelling the market growth. Besides this, the utilization of identity and access management (IAM) and the introduction of cloud-based government portals to ensure accountability and transparency are increasing the product adoption rate. Furthermore, the escalating demand for cloud-based security services to promote decision-making procedures, extensive investments in the research and development (R&D) activities to introduce advanced technological solutions and several initiatives undertaken by governments of various nations to strengthen the infrastructure are some of the other growth-inducing factors.
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| Government Cloud Market Report Scope | |
| Report Coverage | Details |
| Market size value in 2021 | US$ 27.6 Billion |
| Market forecast in 2027 | US$ 71.2 Billion |
| Growth Rate | CAGR of 6.40% from 2022 to 2027 |
| Base year for estimation | 2021 |
| Historical data | 2016-2021 |
| Forecast period | 2022-2027 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Component, Deployment Model, Service Model, Application and Region |
| Regional scope | North America, Europe, Asia-Pacific, Latin America, Middle East and Africa |
| Key companies profiled | Amazon Web Services Inc., CGI Inc., Cisco Systems Inc., Dell Technologies Inc., Google LLC (Alphabet Inc.), Hewlett Packard Enterprise Development LP, International Business Machines Corporation, Microsoft Corporation, NetApp Inc., Oracle Corporation, Salesforce.com Inc., Verizon Communications Inc. and VMware Inc. |
| Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
| Customization preview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Component:
- Solutions
- Services
Breakup by Deployment Model:
- Hybrid Cloud
- Private Cloud
- Public Cloud
Breakup by Service Model:
- Infrastructure as a Service
- Platform as a Service
- Software as a Service
Breakup by Application:
- Server and Storage
- Disaster Recovery/Data Backup
- Security and Compliance
- Analytics
- Content Management
- Others
By Geography:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
List of Major Key Players:
The major players in the market are Amazon Web Services Inc., CGI Inc., Cisco Systems Inc., Dell Technologies Inc., Google LLC (Alphabet Inc.), Hewlett Packard Enterprise Development LP, International Business Machines Corporation, Microsoft Corporation, NetApp Inc., Oracle Corporation, Salesforce.com Inc., Verizon Communications Inc. and VMware Inc.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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