INTELLIGENT BRANDS // Cloud
Government cloud market worth
28.85 billion USD by 2022
/////////////////////////////
A
ccording to a new research report,
Government Cloud Market by
Solution (Cloud Storage, Disaster
Recovery, Identity and Access Management,
Risk and Compliance Management),
Service, Service Model (IaaS, PaaS,
SaaS), Deployment Model, and Region
– Global Forecast to 2022, published by
MarketsandMarkets™, the market size is
expected to grow from US$15.40 billion
in 2017 to US$28.85 billion by 2022, at a
Compound Annual Growth Rate (CAGR)
of 13.4% during the forecast period. The
demand for government cloud is driven
by various factors, such as lower IT costs,
availability of compliant solutions, minimised
human dependence, protection of enterprise
data against disasters and need for
regulatory compliance.
The cloud storage segment is
estimated to contribute the largest
market share in 2017
Among solutions, the cloud storage segment
is estimated to have the largest market
size in 2017 and is expected to continue
its dominance during the forecast period.
The enormous data volumes that the local,
national and international governmental
bodies and associated agencies handle
create the need for a robust, secure and
cost-efficient storage infrastructure. The
major factors driving the growth of the cloud
storage segment include reduced cost of data
storage, increasing demand for hybrid cloud
storage, instant access and mobility, and easy
deployment of cloud storage solutions.
services segment is expected to grow at the
highest CAGR during the forecast period.
The migration to the cloud enables the
government organisations and businesses
to move their computing assets, such as
applications, databases, infrastructures,
platforms and email databases to the cloud.
Integration services offer the seamless
functioning of the critical traditional systems
with the cloud infrastructure and resolve the
issues of interoperability.
Integration and migration segment
is expected to grow at the highest
CAGR during the forecast period North America is expected to
contribute the largest market
share; whereas Asia Pacific (APAC)
is projected to grow at the highest
CAGR during the forecast period
With the increasing deployment of cloud
computing, the integration and migration North America is expected to have the
largest market share and dominate the
76
INTELLIGENTCIO
Government Cloud Market during the
forecast period.
The region is extremely responsive
towards adopting the latest technological
advancements, such as cloud and mobile
technologies, in the government firms.
The major growth drivers for this region
are the large-scale investments in the
implementation of cloud infrastructure,
due to the growth in advanced
applications and need for better control
and visibility mechanisms.
The APAC region is in the growth phase;
however, it is expected to be the fastest-
growing region in the global government
cloud market. Increased government
initiatives and ICT spending are facilitating
the growth in this region. n
www.intelligentcio.com