HOME › Analyst Briefings › Analyst Briefing Presentation on 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) To Be Held On 30 August 2013
Analyst Briefing Presentation on 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) To Be Held On 30 August 2013
The Telecom and IT practice at MarketsandMarkets is pleased to announce its Analyst Briefing on "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) "to be held on 30 August 2013. The briefing will cover an overview of drivers, restraints and challenges, and opportunities that impact this market.
Cloud computing is becoming an increasingly important part of the growing economies. There is greater demand for improved applications over cloud systems, wherein the systems would allow effective storage, processing and exchange of digital data. With the availability of such systems in large numbers, the usage of hosted services over the internet has increased tremendously over the years. In recent times, public sector organizations across the globe are also evaluating potential cloud solutions, before procurement of new or existing services on cloud.
The criteria of evaluation are getting more stringent and the government agencies are having greater choices before they finalize on one vendor. Federal, state and local governments are rapidly moving into cloud computing, as it helps them to replace a long and expensive list of legacy infrastructure and systems. Government organizations are also maximizing the cloud computing value, by shifting from single tenancy to multi-tenancy environments.
Government Cloud market is experiencing huge investments and there are numerous start-up companies that are emerging. The forces driving the government cloud market are data center consolidation, continuity of operations, reduced energy consumption and better applications such as enterprise e-government.
MarketsandMarkets forecasts the global Government Cloud market to grow from $2.87 billion in 2013 to $18.48 billion in 2018, at a CAGR of 45.1% during the forecast period. Over the next five years, Government Cloud market is expected to experience rapid growth in Asia Pacific (APAC) region and Middle East and Africa (MEA) region. North America (NA) will also be growing steadily and will make a huge contribution in revenues.
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