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Government-Focused Cloud Industry Continues To Grow

by | Feb 14, 2014

Government Cloud Industry GrowingAccording to a recent MarketsandMarkets research report, the government cloud industry market is predicted to rise to $18.48 billion in revenue in 2018. That figure is up from $2.87 billion last year.

What is causing the rise in cloud adoption in the government sector? According to MarketsandMarkets, the rise can be attributed to a colossal disruption in the traditional technology ecosystem.

This disruption will result in increasing opportunities for many key players in the market, including Web and cloud masters like Amazon and Google, along with a large number of telecom operators and other services providers,” said Priyam Agarwal, research associate at MarketsandMarkets. “In order to protect their security interests, government agencies at federal, state and local levels require a secure and a quick method to synchronize and transfer their confidential information across agencies.”

Also, cloud features that allow for government agencies to pay as they go and increased storage and computing capabilities have increased cloud adoption.

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