Government Cloud Market Share, Strategies, Emerging Technologies, Growth Rate Analysis, Trends and Forecast by 2023

The global government cloud market generated a revenue of $20.8 billion and is expected to register a 15.4% CAGR during the forecast period (2017–2023). The market is growing due to the increasing inclination of government toward digital transformation, reduction in total cost of ownership (TCO), and government cloud enabling improved agility and adaptability. The advanced cloud computing solutions which are majorly developed for government organizations and institutions are referred to as government cloud. The solutions focus on the hosting of critical and bulk agency’s data onto cloud.

Request to get the report sample pages at: www.psmarketresearch.com/market-analysis/government-cloud-market/report-sample

On the basis of model, the government cloud market is categorized into infrastructure as a service (IaaS), software as a service (SaaS), and platform as a service (PaaS). Out of these, the SaaS category accounted for the major share of the market during the historical period. The reason for this is the high demand for SaaS from government agencies, which, in turn, is due to its low cost and availability of pay-as-you-go model. The IaaS category is expected to grow at the fastest pace during the forecast period.

The increased reduction in TCO is a major driving factor of the government cloud market. The government sector is always under intense pressure to cut down capital expenditure without undercutting critical public services. Factors such as labor optimization, measured services, asset utilization, and facilities consolidation are the major aspects due to which different agencies are adopting government cloud. Government institutions are being attracted toward cloud computing by estimating the total savings that comes from consolidating their data centers.

The rising government inclination toward digital transformation is another factor driving the growth of the government cloud market. The ongoing trend of digital transformation has positively impacted the government sector for adopting new cloud computing technologies. For example, the Obama administration’s “Cloud First” initiative kicked off the mainstream implementation of government cloud, which has further attracted other central/federal agencies to opt for digital solutions and ramp up their traditional data centers. Hence, the effort for streamlining government’s inefficient technology infrastructure is creating huge demand for government specific cloud offerings in the last few years.

Enquire Before Purchase: www.psmarketresearch.com/send-enquiry?enquiry-url=government-cloud-market

A key trend being observed in the government cloud market is the surging big data in the government industry. Big data in the government sector facilitates effective decision making with enhanced administration. Huge amount of public data is being generated on a daily basis due to the surging population around the world and the digital transformation of the government industry. By making use of this big data, governments can enable breakthroughs in several management programs, where they can use the best available public information and modify or update citizen welfare policies as per data patterns.

Hence, the market is growing due to the rising inclination of government toward digital transformation and reduction of TCO by using government cloud.

Contact:

P&S Intelligence

Toll-free: +1-888-778-7886 (USA/Canada)

International: +1-347-960-6455

Email: enquiry@psmarketresearch.com

Web: www.psmarketresearch.com

About P&S Intelligence

P&S Intelligence 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.

This release was published on openPR.