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(Wireless-NewsWire.Com, November 26, 2018 ) According to a new market 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 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.
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The demand for government cloud is driven by various factors, such as lower IT costs, availability of compliant solutions, minimized human dependence, protection of enterprise data against disasters, and need for regulatory compliances.
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The government cloud suite of cloud solutions is specifically designed to address the needs of government institutions and government bodies. Factors such as availability of the latest technology-compliant cloud solutions, the need to improve government functioning, and providing rapid and convenient citizen services are creating huge demand for the government cloud market, across the globe. The 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.
The Identity and Access Management (IAM) solution, among government cloud solutions, is projected to grow at the highest rate during the forecast period, as this solution enables government organizations to implement the security process framework, which initiates and manages the user identity and related access permissions in an automated fashion. This solution has managed to provide data access control across government entities.
The integration and migration services segment is expected to grow at the highest rate during the forecast period. The migration to cloud enables the government organizations and businesses to move their computing assets, such as applications, databases, infrastructure, platforms, and email, to the cloud. The integration services offer seamless functioning of critical traditional systems, with the cloud infrastructure, and resolve the issues of interoperability.
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The hybrid cloud deployment model is expected to gain the highest traction in the government cloud market during the forecast period. The hybrid cloud provides more control, reduced risk, cost efficiency, and better performance. In addition, it provides an ideal combination of public cloud and private cloud features, such as usage-friendly, versatility, and cost-effectiveness of the public cloud, and greater control and security of the private cloud. Given this huge advantage, organizations are rapidly shifting their focus toward hybrid cloud adoption.
Asia Pacific (APAC) is expected to be the fastest-growing region in the government cloud market during the forecast period. This region offers potential growth opportunities, due to improvement in the infrastructure, strategic business moves, and the emergence of new technologies, combined with the growing government initiatives.
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