|By Business Wire||
|January 17, 2013 01:37 PM EST||
Research and Markets (http://www.researchandmarkets.com/research/zlqhq2/global_government) has announced the addition of the "Global Government Cloud Computing Market 2012-2016" report to their offering.
TechNavio's analysts forecast the Global Government Cloud Computing market to grow at a CAGR of 6.2 percent over the period 2012-2016. One of the key factors contributing to this market growth is the need for reduced total cost of ownership. The Global Government Cloud Computing market has also been witnessing the emerging hybrid approach to cloud solutions. However, increasing concern about data security could pose a challenge to the growth of this market.
The key vendors dominating this market space are Amazon.com Inc., Google Inc., IBM Corp., Microsoft Corp., and Salesforce.com Inc.
The other vendors mentioned in the report are Cisco Systems, NetSuite Inc., Oracle Corp., Rackspace Inc., Verizon Communications Inc., VMware Inc., ATandT Corp., CA Technologies Inc., and Infor Global Solutions.
Commenting on the report, an analyst from TechNavio's Enterprise Computing team said: ''One of the major trends being witnessed in the Global Government Cloud Computing market is the increased adoption of the hybrid model for the deployment of cloud-based solutions. The cloud computing vendors are providing capabilities to deploy enterprise network resources into the public and the private clouds. The public cloud provides government organizations with much-needed elasticity and reduced cost of running these applications. Also, the public cloud approach does not have the same capabilities for control and compliance as offered through the private cloud architecture model. Thus, many organizations are embracing a hybrid cloud approach to utilize benefits offered by the private as well as public cloud models. Thus, the Global Government Cloud Computing market is witnessing a trend where many vendors are offering a hybrid model for utilizing cloud infrastructure services.''
According to the report, one of the major drivers in this market is the need for reduced total cost of ownership. With cloud computing, the risk and resource requirements associated with the responsibility for continuous operation, backups, updates, and infrastructure maintenance is shifted from internal IT to vendors or service providers.
For more information visit http://www.researchandmarkets.com/research/zlqhq2/global_government