Report: Government Cloud Market To Be Worth $18.48 Billion By 2018
The report, published by MarketsandMarkets, has defined the adoption trends of the cloud solutions in government organizations.
The global government cloud market is estimated to grow from $2.87 billion in 2013 to $18.48 billion in 2018 as government bodies, such as federal, state, and local agencies, adopt private and community clouds internally or in a group of departments. There is less traction for public and hybrid clouds. In the present scenario, the maturity of these cloud systems is not enough for adoption by the public agencies. It is up to the discretion of the agencies to adopt their choice of deployment models. Different deployment models have their unique advantages and have their negatives, as well. Overall, the implementation of government cloud will help the government agencies to achieve their mission demands, improve automation, develop core competency and adopt sustainability practices.
According to MarketsandMarkets, the movement into the cloud is an evolutionary approach, which requires a shared vision among government organizations and other lines of businesses. Government agencies are readily adopting the cloud strategy, which leads them to pooled visualization from partial virtualization. The cloud implementation in the government organizations has several advantages. The public agencies and other departments work collaboratively to achieve mutual goals, including minimization of costs and improvements of services. There is a need to overcome the arising cultural issues that are becoming substantial factors in the cloud implementations. There has to be reforms in the overall management structure of the government agencies.
There are numerous upcoming trends in government cloud market, which creates enhanced opportunities for the citizens and other small departments. The collaborative and content development tools are enabling services providers to offer world-class cloud experience to the agencies. There are many tools and software applications that are entering into this market. The solutions and services are facilitating the establishment of successful infrastructure facilities for government organizations.
The estimated $18.48 billion figure represents a Compound Annual Growth rate (CAGR) of 45.1% from 2013 to 2018. In the current scenario, government organizations are seen as the major adaptor for these cloud computing technologies. In regions, North America is poised to be the biggest market for government cloud. However, over the next six years, Asia Pacific (APAC) will experience increased market traction. APAC is expected to become the biggest market for government cloud, surpassing cloud implementations across all other regions.
The report titled, “Government Cloud Market By Agency (Federal Cloud, State and Local Cloud, Defense & Military Cloud), By Delivery (Saas, Paas, Iaas), By Deployment (Public, Private, Hybrid, Community) Global Advancements, Market Forecasts and Analysis (2013 – 2018),” is available here.