Cloud Storage Market For Government Industry Size, Share, Opportunities, And Trends By Solution (Primary Storage, Backup Storage), By Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud), By Services (Integration, Consulting, Others), By Enterprise Size (Large, SMB (Small And Medium-sized Business)), And By Geography - Forecasts From 2023 To 2028

The Cloud storage market for government industry was valued at US$1.457 billion in 2017 and is projected to expand at a CAGR of 21.74% over the forecast period to reach US$4.743 billion by 2023. The increasingly complex security landscape has forced government organizations to opt for various IT solutions and services. Governments in various countries are increasingly focusing on IT innovation which is augmenting the adoption of specialized cloud solutions and services across the sector. As a result, public sector organizations are adopting cloud-based technologies and solutions to ensure resilience in the unplanned event of a potential outage. Leading housing association in East London and Essex, East Thames, uses iland’s DRaaS with Zerto to boost digitization in the organization while achieving compliance and ensuring business continuity in case of an unplanned outage. Factors such as restrictive fiscal budget, the need for the reduction of office space costs, and the increasingly mobile workforce in public sectors across the globe are fueling the adoption of cloud-based solutions and services across government organizations. The growing adoption of the BYOD strategy in government offices is further propelling the market growth of cloud computing to provide strong security to classified and sensitive information while allowing employees to access that information from anywhere

 

 

By solution, the cloud storage market for government industry is segmented as primary and backup storage. The market for backup storage is expected to witness impressive growth as enterprises continue to drift towards the cloud for backing up their critical data and IT environment to ensure business continuity.

 

 

By deployment model, the cloud storage market for the government industry is segmented as public, private, and hybrid cloud. The private cloud holds a significant share of the market on account of the highly critical data being involved in this sector. Federal information is highly critical due to which private cloud is being preferred.

 

 

By services, the cloud storage market for the government industry is segmented as integration, consulting, and others. All these services are provided to the customers by the cloud storage solution provider so as to help businesses to boost their productivity in an efficient manner.

 

 

Geographically, the cloud storage market for government industry is segmented as North America, Europe, Middle East & Africa, Asia-Pacific, and South America. North America holds a significant share of the market owing to the favorable policies regarding the adoption of the cloud. For instance, in 2011, the U.S. government instituted CloudFirst Policy to accelerate the pace of cloud adoption by requiring agencies to evaluate and adopt safe and secure cloud computing options before making any new investments.

 

 

The cloud storage market for the government industry is competitive owing to the increasing adoption of cloud storage solutions in the government sector. Cloud providers are increasingly seeking for the Federal Risk and Authorization Management Program (FedRAMP) to provide cloud solutions to the government. The key players include Amazon Web Services, Inc., Microsoft, IBM, Google, Hewlett Packard Enterprise Development LP, FUJITSU, RACKSPACE US, Inc, CenturyLink, and Huddle among others.

 

 

The cloud storage market in the government has been analyzed through the following segments: