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MarketsandMarkets: Govt-Focused Cloud Tech Market to Hit $18B in 4 Years

MarketsandMarkets: Govt-Focused Cloud Tech Market to Hit $18B in 4 Years - top government contractors - best government contracting event
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Cloud Computing, ExecutiveBizA MarketsandMarkets report estimates the value of the worldwide government cloud market to be $18.48 billion by 2018, up from $2.87 billion last year.

The research firm said Thursday it predicts North America will be the largest regional market for cloud computing platforms designed for government organizations through 2018.

Federal, state and local government agencies have adopted cloud technologies to automate information technology processes in order to meet mission demands, according to MarketsandMarkets.

Moving to a cloud environment could allow public organizations to collaborate with each other, save money and improve their services, the market analysis report states.

The report noted the sector offers a range of software applications and services intended to help agencies build infrastructure in the cloud.

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Written by Mary-Louise Hoffman

is a writer of news summaries about executive-level business activity in the government contracting sector. Her reports for ExecutiveBiz are focused on trends and events that drive the GovCon industry to include commercial technologies that private companies are developing for federal government use. She contributes news content to ExecutiveBiz’s sister sites GovCon Wire and ExecutiveGov.

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