The Government Cloud Market was valued at USD 14.93 billion in 2019 and is expected to reach USD 41.86 billion by 2025, at a CAGR of 18.74% over the forecast period 2020 - 2025. The Pentagon alone is expected to spend USD 2 billion on cloud in the coming year.
- Government data generation is on the rise due to growing census data (ever-increasing population), new policies/initiatives introduction, partnerships with other regions, and GDP increase due to new enterprises mushrooming. Legacy systems consisting of physical hardware are not efficient and might run out of space. Hence, government cloud is mandatory. - In 2009, the United States launched the data.gov portal. Since then, there has been a rapid increase in the systematic opening of government data around the world. Cloud is responsible for the transparency of government data, which promotes the government’s accountability and reduces corruption. It also helps in empowering citizens and helps to solve complex public problems bringing a wider range of expertise and knowledge to bear on public problems. - The skills gap is the major challenge faced by cloud computing companies. As per IBM, shortage of skills in cloud technologies is one of their topmost prediction in 2018. OpRamp’s Cloud Skills Survey also says that most of the enterprises are planning to go for a hybrid model where they will shift certain specialized workload to managed service providers and also the re-skill internal team.
Key Market Trends Storage is the Most Widely Used Application
- Downtime due to hardware failures, software misconfigurations, security breaches, and data loss impact the productivity of the government offices. - Cloud is a reliable option when it comes to storage of government data. That is because government budgets are limited and on-premise solutions are becoming costlier with an increasing volume of data. - Central and state governments have large amounts of data in the form of user records, public policies, and schemes. Thus, it becomes critically important that the government has a strong and robust storage option so that it delivers all the services on demand. - Companies, like Pure Storage, offer all-inclusive software-based encryption, snaps, replication and cloning to ensure data integrity. That cloud database is then managed by Rubrik.
Asia-Pacific to Witness the Highest Growth
- Asia-Pacific is in the middle of a transformation powered by cloud technologies. - The increasing proliferation of smartphones and tablets are causing major companies to establish their cloud data center in Asia-Pacific. - The governments in Australia and Singapore see cloud services as an opportunity to improve government service delivery outcomes by eliminating redundancy, increasing agility, and providing information and communication technology (ICT) services at a cheaper cost. - Moreover, the Government of India has implemented a number of ICT initiatives under the National e-Governance Plan (NeGP), including the creation of ICT infrastructure both at the center and state levels. The infrastructure, thus, created is providing the basis for the adoption of cloud computing for the government with the objective of making optimum use of existing infrastructure, re-use of applications, efficient service delivery to the citizens, and increasing the number of e-transactions in the country, as a result, helping achieve the ultimate goal of NeGP.
Competitive Landscape The market for government cloud is concentrated with major giants, such as Microsoft, Oracle NEC, IBM, and Google, providing cloud solutions and services for the government. The entry barrier is high for this market since the existing vendors have a strong foothold in the market.
- April 2019: Amazon and Microsoft are competing for a USD 10 billion military cloud contract called JEDI (Joint Enterprise Defense Infrastructure). JEDI is designed to upgrade legacy systems with newer cloud services. According to the original proposal, JEDI Cloud will provide enterprise-level, commercial IaaS and PaaS to the Department and any mission partners for all Department business and mission operations. - November 2018: Amazon Web Services opened a new region of interconnected data centers specifically for the US government and its various contractors. The new government cloud region comes seven years after Amazon’s first West Coast government cloud region debuted in 2011.
Reasons to Purchase this report: - The market estimate (ME) sheet in Excel format - 3 months of analyst support
Our reports have been used by over 10K customers, including:
The global data discovery market size to grow from USD 7.0 billion in 2020 to USD 14.4 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 15.6% during the forecast period. Various factors such as the growing need to discover sensitive structured and unstructured data, increasing investments in data privacy with evolving regulations,...
The high-performance computing market is expected to witness a CAGR of 6.13% over the forecast period from 2020 to 2025. Factors, such as increasing investments in the Industrial Internet of Things (IIoT), artificial intelligence (AI), and engineering, which demand electronic design automation (EDA), are likely to drive the market over the...
The global business rules management system market size would grow from USD 1.0 billion in 2020 to USD 1.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 11.8% during the forecast period. The growth of the business rules management system market can be attributed to reduced dependency on IT teams for writing business rules and...
The Global Video Analytics Market was valued at USD 1528.1 million in 2019, and it is expected to reach USD 4142.7 million by 2025, registering a CAGR of 24.5% during the period of 2020-2025. Analytics has enabled various end-users in the usage of specific data insights into actionable intelligence for numerous functions. The ideas could be...
The global digital transformation market (henceforth referred to as the market studied) is expected to register a CAGR of 18.5%, during the period of 2020-2025. Digital Transformation refers to the use of digital technology to solve traditional problems. Shifting from conventional to new digitalized business models facilitates the introduction...
58 pages •
By Euromonitor International
• Dec 2020
Consumer engagement, retention, loyalty and trust begins pre-trip, builds in-trip and ends post-trip, to start again in a constant cycle. Without adopting digital innovation and a digital-first mindset, travel brands will be destined to fail in their engagement and relationship with consumers. Taking a holistic view of the traveller journey...
The global digital transformation market size is projected to grow at a CAGR of 16.5% during the forecast period
The global digital transformation market size is expected to grow from USD 469.8 billion in 2020 to USD 1009.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 16.5% during the forecast period. The...
The NAND flash memory market is expected to register a CAGR of 11.27%, during the forecast period (2020 - 2025). The current macro trends of AI and machine learning, mobility, and connectivity are favorable to the NAND markets and expected to increase its share in the semiconductor market. - With the rise of PCs and smartphones, NAND...
The enterprise application integration market was valued at USD 6.55 billion in 2019, and it is expected to reach USD 16.20 billion by 2025, recording a CAGR of 16.32%, over the forecast period (2020 - 2025). The trend of cloud application in IT will drive the enterprise application integration market in...
A growing need to present consistent product information for meeting the dynamic requirements of customers is expected to drive the catalog management systems market The global catalog management systems market size is expected to grow from USD 846.6 million in 2018 to USD 1,190.0 million by 2023, at a Compound Annual Growth Rate (CAGR)...
Number Of Enterprises
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.