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
- Published : Mar 2023
- Report Code : KSI061611554
- Pages : 114
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
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
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
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.
By Geography
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.
Competitive Intelligence
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.
Segmentation:
The cloud storage market in the government has been analyzed through the following segments:
- 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)
- By Geography
- North America
- US
- Canada
- Mexico
- Others
- South America
- Brazil
- Argentina
- Others
- Europe
- UK
- Germany
- France
- Italy
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Others
- Asia Pacific
- China
- India
- Japan
- Australia
- Others
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Force Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. CLOUD STORAGE MARKET FOR GOVERNMENT INDUSTRY FORECAST BY SOLUTION
5.1. Primary Storage
5.2. Backup Storage
6. CLOUD STORAGE MARKET FOR GOVERNMENT INDUSTRY FORECAST BY DEPLOYMENT MODEL
6.1. Public Cloud
6.2. Private Cloud
6.3. Hybrid Cloud
7. CLOUD STORAGE MARKET FOR GOVERNMENT INDUSTRY FORECAST BY SERVICES
7.1. Integration
7.2. Consulting
7.3. Others
8. CLOUD STORAGE MARKET FOR GOVERNMENT INDUSTRY FORECAST BY GEOGRAPHY
8.1. North America
8.1.1. United States
8.1.2. Canada
8.1.3. Mexico
8.1.4. Others
8.2. South America
8.2.1. Brazil
8.2.2. Argentina
8.2.3. Others
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. Italy
8.3.4. United Kingdom
8.3.5. Others
8.4. Middle East and Africa
8.4.1. Israel
8.4.2. Saudi Arabia
8.4.3. UAE
8.4.4. Others
8.5. Asia Pacific
8.5.1. Japan
8.5.2. China
8.5.3. India
8.5.4. Australia
8.5.5. Malaysia
8.5.6. Others
9. COMPETITIVE INTELLIGENCE
9.1. Recent Deals and Investment
9.2. Strategies of Key Players
9.3. Investment Analysis
10. COMPANY PROFILES
10.1. Amazon Web Services, Inc.
10.1.1. Company Overview
10.1.2. Financials
10.1.3. Products and Services
10.1.4. Recent Developments
10.2. Microsoft
10.2.1. Company Overview
10.2.2. Financials
10.2.3. Products and Services
10.2.4. Recent Developments
10.3. Google
10.3.1. Company Overview
10.3.2. Financials
10.3.3. Products and Services
10.3.4. Recent Developments
10.4. FUJITSU
10.4.1. Company Overview
10.4.2. Financials
10.4.3. Products and Services
10.4.4. Recent Developments
10.5. RACKSPACE US, INC.
10.5.1. Company Overview
10.5.2. Financials
10.5.3. Products and Services
10.5.4. Recent Developments
10.6. Huddle
10.6.1. Company Overview
10.6.2. Financials
10.6.3. Products and Services
10.6.4. Recent Developments
10.7. CenturyLink
10.7.1. Company Overview
10.7.2. Financials
10.7.3. Products and Services
10.7.4. Recent Developments
10.8. IBM
10.8.1. Company Overview
10.8.2. Financials
10.8.3. Products and Services
10.8.4. Recent Developments
10.9. Hewlett Packard Enterprise Development LP
10.9.1. Company Overview
10.9.2. Financials
10.9.3. Products and Services
10.9.4. Recent Developments
LIST OF FIGURES
LIST OF TABLES
DISCLAIMER
Amazon Web Services, Inc.
Microsoft
IBM
Google
Hewlett Packard Enterprise Development LP
FUJITSU
RACKSPACE US, Inc
CenturyLink
Huddle
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