Government Sector will Invest $18.48 Billion by 2018 in Cloud Computing

Cloud computing services are increasingly moving into the future in the government sector. However, the adaptation is slow due to security, privacy and regulatory matters. The market research firm MarketsandMarkets assume that government agencies will invest $18.48 billion dollars in cloud computing by 2018.
The report “Government Cloud Market By Agency (Federal Cloud, State and Local Cloud, Defense & Military Cloud), By Delivery (SaaS, PaaS, IaaS), By Deployment (Public, Private, Hybrid, Community) Global Advancements, Market Forecasts and Analysis (2013 – 2018)” by MarketsandMarkets says that nothing will disturb the growth of cloud computing over the next five years, representing a Compound Annual Growth rate (CAGR) of 45.1% per year over five coming years.

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