Military Cloud Computing Market's Growth Trajectory of $15.3 Billion by 2028

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Military Cloud Computing Market's Growth
Trajectory of 15.3 Billion by 2028
The Military Cloud Computing Market is estimated
to be USD 8.5 billion in 2023 and is projected
to reach USD 15.3 billion by 2028, at a CAGR of
12.5 from 2023 to 2028. Military Cloud
Computing is experiencing a surge in utilization
worldwide due to need for modernization and
digital transformation within defense and
security organizations worldwide. This report
analyzes the military cloud computing market
from 2023 to 2028. It discusses various
industry and technology trends currently
prevailing in the military cloud computing
market along with the factors that drive,
restrain, and challenge the market growth
globally. Download PDF Brochure _at_
https//www.marketsandmarkets.com/pdfdownloadNew.a
sp?id133363531 Key Market Players Amazon (US),
Raytheon Technologies Corporation (US), Microsoft
Corporation (US), Google (US), Atos (US), Oracle
(US), IBM (US), Atos (France), General Dynamics
Corporation (US), Bae Systems (UK), SAIC(US) are
some of the leading companies in the military
cloud computing market. These companies have
reliable storage and server facilities as well
as strong distribution networks across key
regions, such as North America, Europe Asia
pacific. These companies have products with wider
applications, a larger product footprint,
significant market share and broader
geographical use cases. They have established a
strong market presence, reputable products with
a strong business strategy. Based on Deployment
Type, the military cloud computing market has
been segmented into Public Cloud, Private Cloud
and Hybrid Cloud. Hybrid Cloud Segment is
estimated to register the highest CAGR during the
forecasted period. Hybrid cloud architectures
enable the military to flexibly allocate
resources based on the mission's immediate
needs. For example, during a crisis or peak
demand, they can quickly scale up in the public
cloud while maintaining essential core services
on-premises. Based on Service Model, the military
cloud computing market has been segmented into
Infrastructure as a Service (IaaS), Platform as a
Service (PaaS), and Software as a service
(SaaS). Platform as a Service (PaaS) is estimated
to register the highest CAGR during the forecast
period. PaaS offerings in the military cloud
empower rapid application development, testing,
and scaling, streamlining the delivery of
innovative
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solutions for complex defense challenges. PaaS
comprises of pre-configured development tools,
runtime environments, and infrastructure,
allowing military developers to focus on
creating mission-critical software rather than
managing the underlying infrastructure. Based on
End User, the military cloud computing market has
been segmented into Army, Navy, Air Force. Air
Force segment is projected to develop at the
highest CAGR during the forecast period owing to
heavy reliance on data for activities like
surveillance, reconnaissance, and tactical
decision-making. Cloud computing offers the
storage and processing capabilities required for
managing vast amounts of data efficiently. Based
on Region, the North America region is estimated
to lead the market in 2023. This region includes
US and Canada. The increasing investments in
cloud computing for defense applications and
technological improvements drive the region in
market. Military Cloud Computing is growing at
the highest CAGR in Asia Pacific region since
multiple countries in the APAC region are
actively modernizing their defense
infrastructure, including IT capabilities. Cloud
computing is a fundamental component of these
modernization efforts, as it enables more agile
and cost-effective IT deployments. Ask for
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