Global $60B+ Government Cloud Market Forecast, 2030: Rising Demand for Quicker Deployment, Enhanced Agility, Scalability, and Flexibility [Yahoo! Finance]
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Source: Yahoo! Finance
Model (Infrastructure as a Service, Platform as a Service, Software as a Service), Deployment Model - Forecast 2024-2030" report has been added to ResearchAndMarkets.com's offering. The Global Government Cloud Market was estimated at USD 20.81 billion in 2023, USD 24.15 billion in 2024, and is expected to grow at a CAGR of 16.36% to reach USD 60.13 billion by 2030. Several key factors drive the landscape. Firstly, there's a marked increase in census data, paralleled by a surge in data generation within governmental spheres. This uptick underscores the pressing need for expanded storage and computational capabilities. Moreover, there's a discernible push towards quicker deployment, enhanced agility, scalability, and flexibility, all fueling potential demand. However, alongside these drivers lie certain restraints. Chief among them is the insufficient skills and training among government personnel, posing a significant obstacle. Yet, amidst these challenges, there emerge promising
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