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Government Cloud Market

09-21-2018 03:59 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Maximize Market Research

Government Cloud Market valued USD 14.05 Billion in 2016 and expected to reach USD 34.9 Billion by 2024, at a CAGR of 12.1%.

Report includes assessment of market definition along with the identification of key players and analysis of their strategies, complete quantitative analysis of the industry from 2016 to 2024 to enable the stakeholders to capitalize on the prevailing market opportunities, market analysis and comprehensive segmentation with respect to the software, service, deployment type, organization size, end-users and geography to assist in strategic business planning.

The major factors driving the Government Cloud Market are, superior storage and computing capabilities, agility, faster deployment, scalability, and flexibility, increasing number of digital services in government organizations. Various regulatory policies around the globe by various governmental agencies is the key factor for the hampering of the market growth.

The Cloud storage segment is expected to witness lucrative market growth:

The cloud storage solution is anticipated to hold the largest market share and is expected to continue its dominance during the forecast period. The large amount of data that the international, national and local governmental bodies and the associated agencies handle builds the need for a secure, robust, and cost-efficient storage infrastructure

North America is expected to hold a major chunk of the Government Cloud Market during the forecast period:

North America is anticipated to experience the highest market growth over the forecast period, this is majorly due to the improved ICT spending in government infrastructure and government cloud initiatives.

Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.

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