The global community cloud market is anticipated to grow at a significant CAGR during the forecast period. The market growth is majorly attributed to the fact that with the growing internet penetration and the rising mines of data viably need to be stored, processed and computed. Further, the integration of advanced technologies such as Artificial Intelligence and Internet of Things, has resulted in exponential data and the devices’ proliferation. Thus, cloud computing serves as the optimal solution for storage of chunks of data while also maintaining data security. This factor is primarily driving the market growth. Cloud has already gained prominence over the past few years, stemming in a substantial rise in the usage of cloud technology across many business sectors. The shared cloud concept is a modern trend that allow businesses to provide scalability and flexibility. 

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The challenges of real-time data processing, high network speeds and latency can be overcome by using information and communication technologies, such as the community cloud. Such computing technologies bring compute and storage capabilities to the edge of the network and enable their optimal applications in real-time and context-based business. All industry verticals are finding relevant application areas that can benefit from this form of network. In addition, several government agencies throughout the globe are investing heavily in the implementation of these technologies. Agencies and government organizations such as the Australian Taxation Office (ATO) and the General Service Administration (GSA), for example, have already begun to invest in and employ community cloud technology.

Global Community Cloud Market Report by Segment

By Component

    • Hardware

    • Software

By Application

    • Cloud-Based Storage

    • Web-Based Applications

    • Cloud Backup and Recovery

    • Cloud Security and Data Privacy

    • High-Performance Computation (HPC) and Analytics

By End-User

    • Government

    • Banking, Financial Services, Insurance

    • Healthcare

    • Transportation and Logistics

    • Gaming

    • Academia and Education

    • Others

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Community Cloud Market Report Segment by Region

North America          

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific   

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

·        Amazon Web Services, LLC (AWS)

·        Cisco Systems, Inc.

·        IBM Corp.

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