Press release
Government Cloud Market 2018-2023 Revenue and Demand With Key Players - Google, IBM, Microsoft, Cisco, Oracle, Salesforce, Hewlett Packard Enterprise, VMware and Intel Corporation
The global government cloud market is expected to reach $49.2 billion by 2023 and is forecasted to witness a CAGR of 15.4% during 2018–2023. Increased reduction in total cost of ownership (TCO) and rise in government inclination towards digital transformation are the major factors driving the growth of the market.Request for a free sample copy of this research report @ https://www.psmarketresearch.com/market-analysis/government-cloud-market/report-sample
On the basis of solution, the government cloud market is categorized into product and service, where the market for products is estimated to generate higher revenue for government cloud, due to its high adoption owing to the increased awareness of its benefits. However, during the forecast period, the market for services is expected to exhibit faster growth. This can be attributed to the fact that the quality and delivery time of services are controlled by certain predefined service level agreements (SLA), which makes processes more efficient and transparent.
North America is estimated to contribute the highest revenue, accounting for nearly 34% to the global government cloud market in 2017 and is expected to generate a revenue of more than $15,000 million by 2023, driven by the high demand and huge investments in cloud-based solutions from government agencies.
Some of the key players operating in the government cloud market are Google Inc., International Business Machine Corporation (IBM), Microsoft Corporation, Cisco Systems Inc., Oracle Corporation, Salesforce.com Inc., Hewlett Packard Enterprise, VMware Inc. and Intel Corporation.
Explore report description @ https://www.psmarketresearch.com/market-analysis/government-cloud-market
Government Cloud Market Segmentation -
By Solution
• Product
o Storage
o Disaster Recovery (DR)
o Identity & Access Management (IAM)
o Risk & Compliance Management (RCM)
o Others (Security, and Work Load Management)
• Service
o Training & Consulting
o Integration & Migration
o Support & Maintenance
By Model
• SaaS
• PaaS
• IaaS
By Deployment
• Public Cloud
• Private Cloud
• Hybrid Cloud
About P&S Intelligence
P&S Intelligence, a brand of P&S Market Research, is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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