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Government Cloud Market Top Companies, Business Growth And Investment Opportunities, Share and Forecasts 2030

In a recent published report, Kenneth Research has updated the market report for Government Cloud Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Government Cloud Market products.

Kenneth Research, in its repository of market research reports, have recently added a report on Government Cloud Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2021 2025. The Government Cloud Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017. Moreover, backed by the increasing demand for high-speed internet amongst the individuals, organizations operating in the field of telecom are increasingly working on deploying 5G network technology, as this technology provides internet access at very high speeds. By 2025, it is estimated that as many as 1.2 billion of total internet connections will account to 5G. Further, one-third of the world is projected to be covered with 5G connectivity by the end of 2025.

Kenneth Research has published a detailed report on Government Cloud Market which has been categorized by market size as well as growth indicators, and further encompasses detailed market analysis on macro trends and region-wise growth in North America, Latin America, Europe, Asia-Pacific and Middle East & Africa region. The report also includes the challenges that are affecting the growth of the industry and offers strategic evaluation that is required to boost the growth of the market over the period of 2021-2025.

The global government cloud market was valued at USD 14.13 billion in 2016 and is projected to reach USD 44.17 billion by 2025, growing at a CAGR of 13.5% from 2017 to 2025.

Market Definition:
Cloud computing brings the user access to data, applications and storage that are not stored on their computer. By using cloud computing for storage and applications as a service, the cloud offers both a cost and business advantage. Users interface through the cloud through their web browser, eliminating the need for installing numerous software applications. Cloud can also aid government agencies to improve workforce productivity, lower costs by using energy and resources more efficiently, enhance agility, growth, help ensure resilient and trusted collaboration.

The Final Report will cover the impact analysis of COVID-19 on this industry:

Download Sample of This Strategic Report: 
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Sample Infographics:

Market Dynamics:
1. Market Drivers
1.1 Faster Deployment, Agility, Scalability , and Flexibility
1.2 Greater Storage and Computing Capabilities
1.3 Increasing Number of Digital Services in Government Organizations
2. Market Restraints
2.1 Varying Structure of the Regulatory Policies

Market Segmentation:
The global government cloud market is segmented on the basis of type, service model, deployment model and region.
1. By Type:
1.1 Services
1.1.1 Support and Maintenance
1.1.2 Training, Consulting, and Education
1.1.3 Integration and Migration
1.2 Solution
1.2.1 Cloud Storage
1.2.2 Identity and Access Management
1.2.3 Disaster Recovery
1.2.4 Risk and Compliance Management
1.2.5 Others

2. By Service Model:
2.1 Introduction
2.2 Software as a Service
2.3 Platform as a Service
2.4 Infrastructure as a Service

3. By Deployment Model:
3.1 Introduction
3.2 Private Cloud
3.3 Public Cloud
3.4 Hybrid Cloud

4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Rest of the World

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Competitive Landscape:
The major players in the market are as follows:
1. Amazon Web Services
2. Microsoft
3. IBM
4. Google
5. HPE
6. Oracle
7. Salesforce
8. Cisco Systems
9. Dell Technologies
10. VMware
11. Verizon
12. CGI Group
13. AT&T
14. SAP
15. Fujitsu
16. Informatica
17. Red Hat

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the government cloud market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

To know more about the research methodology of verified market research and other aspects of the research study, kindly get in touch with our sales team.

About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

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Darlene Dooley is a research expert and freelance writer. She is very dedicated towards her work and writing. She enjoys to write on current news on any industry and conclude the news with highly professional report. She has almost 8 years of experience in the same field. She has strong professional skill in Market research, Business Strategies, online marketing, Industry analysis interested in innovative and trending technologies.

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