Government Cloud Market USD 77.39 billion by 2029, at a CAGR of 13.90% during the forecast period
Government Cloud Market Analysis and Size
Government data generation is increasing due to growing census data (an ever-increasing population), the introduction of new policies/initiatives, partnerships with other regions, and GDP growth due to new businesses sprouting up. Legacy systems consisting of physical hardware are not efficient and might run out of space. As a result, the government cloud is required.
Data Bridge Market Research analyses that the government cloud market which was growing at a value of 27.32 billion in 2021 and is expected to reach the value of USD 77.39 billion by 2029, at a CAGR of 13.90% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
The government cloud is a specially designed hybrid solution that allows federal agencies to host web applications, provide citizen services, and improve overall operational effectiveness. It assists in providing information to the government about strategic transformation, creating documentation, configuring customised backup settings, and developing teams to emphasise products without managing the underlying server infrastructure.
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