Government Cloud Market to reach US$ 126.2 Billion by 2032 According to the latest research report, the global government cloud market size reached US$ 37.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 126.2 Billion by 2032, exhibiting a growth rate (CAGR) of 14.1% during 2024-2032.
Global Government Cloud Market Trends and Drivers:
The rising adoption of digital technologies by governments across the globe is serving as a primary driver of market growth. The government cloud is being extensively utilized to deliver citizen services, promote transparency, improve accessibility, optimize operations, save costs, enhance interoperability, and accelerate application deployment. Additionally, the implementation of various supportive initiatives by governments to encourage the adoption of cloud-based platforms to promote sustainability, reduce infrastructural costs, minimize energy consumption, and optimize resource allocation is acting as another growth-inducing factor.
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Furthermore, the growing demand for digital services by citizens is facilitating the utilization of cloud platforms by governments to deliver services through online portals, mobile applications, and self-service platforms. In line with this, the rapid proliferation of smartphones, laptops, tablets, and other intelligent devices, which allow users to conveniently access various government cloud-based services from the comfort of their homes, is positively influencing market growth. Additionally, the integration of zero trust architecture (ZTA) in the government cloud to enhance data protection, prevent unauthorized access, and reduce the risk of cyberattacks is supporting market growth. Moreover, the widespread utilization of government cloud to leverage advanced computing power and data storage capacity to gain deeper insights into citizen data, enhance services, and improve decision-making is contributing to market growth. Other factors, including the rapid modernization of legacy information technology (IT) systems, extensive research and development (R&D) activities, and the introduction of fifth-generation (5G) communication technology, are anticipated to further drive market growth.