According to the new market research report government cloud market size is expected to grow from USD 15.40 Billion in 2017 to USD 28.85 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 13.4% during the forecast period. Factors such as growth in the digital content across government entities, easier access from remote end-points, and need for regulatory compliances are fuelling the growth of the market of government cloud across the globe.
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Objectives of the Government Cloud Market Study
• To describe and forecast the global market of government cloud on the basis of types, deployment models, service models, and regions
• To forecast the market size of the 5 main regional segments, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America
• To strategically analyze the sub segments with respect to the individual growth trends, prospects, and contribution to the total market
• To provide detailed information regarding the major factors influencing the growth of the government cloud market (drivers, restraints, opportunities, and challenges)
• To analyze the opportunities in the market for stakeholders and to provide details of the competitive landscape for the major players
• To strategically profile the key players and comprehensively analyze their core competencies and positioning
• To track and analyze competitive developments, such as mergers and acquisitions, new product developments, and partnerships, agreements, and collaborations in the market
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The research methodology used to estimate and forecast the government cloud market began with capturing data on the key vendor revenues through secondary research sources, such as Cloud Computing Association, Association for Financial Professionals (AFP), and Information Systems Security Association (ISSA). Vendor offerings were also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global government cloud from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments.
The major vendors providing government cloud solutions and services are Amazon Web Services (Washington, US), Microsoft (Washington, US), IBM (New York, US), Google (California, US), HPE (California, US), Oracle (California, US), Salesforce (California, US), Cisco Systems (California, US), Dell Technologies (Texas, US), VMware (California, US), Verizon (New York, US), CGI Group (Montreal, Canada), AT&T (Texas, US), SAP (Walldorf, Germany), NetApp (California, US), Informatica (California, US), Huddle (London, UK), Capgemini (Paris, France), CenturyLink (Louisiana, US), Citrix (Florida, US), Equinix (California, US), Fujitsu (Tokyo, Japan), NTT DATA (Tokyo, Japan), Red Hat (North Carolina, US), and NEC (Tokyo, Japan).
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