The global community cloud market size reached US$ 4.33 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 23.31 Billion by 2028, exhibiting a growth rate (CAGR) of 32.20% during 2023-2028. The growing need to prevent misuse of patient health records, rising adoption to increase productivity among different organizations, and increasing demand for single regulatory compliance and network security standard represent some of the key factors driving the market.
A community cloud is a cloud infrastructure that allows organizations to share information, resources, and services based on common operational and regulatory requirements. It is operated and controlled by community members and third-party vendors. It is cost-effective, flexible, scalable, reliable, and more secure as compared to a public cloud. It ensures compatibility that allows businesses to modify properties according to their requirements. It assists companies in interacting with the employees remotely and supports the use of different devices. It aids in offering off-site backup at regular intervals and has no downtime under community cloud operations. It eliminates the need for additional human resources to manage the system and provides streamlined workflow management. Besides this, it is beneficial in protecting essential and sensitive data from unforeseen circumstances. As a result, community cloud is widely employed in the healthcare, gaming, government, education, and banking, financial services, and insurance (BFSI) industries across the globe.
A community cloud is a cloud infrastructure that allows organizations to share information, resources, and services based on common operational and regulatory requirements. It is operated and controlled by community members and third-party vendors. It is cost-effective, flexible, scalable, reliable, and more secure as compared to a public cloud. It ensures compatibility that allows businesses to modify properties according to their requirements. It assists companies in interacting with the employees remotely and supports the use of different devices. It aids in offering off-site backup at regular intervals and has no downtime under community cloud operations. It eliminates the need for additional human resources to manage the system and provides streamlined workflow management. Besides this, it is beneficial in protecting essential and sensitive data from unforeseen circumstances. As a result, community cloud is widely employed in the healthcare, gaming, government, education, and banking, financial services, and insurance (BFSI) industries across the globe.
Community Cloud Market Trends:
At present, the rising adoption of community cloud to increase productivity among organizations represents one of the major factors contributing to the growth of the market. Apart from this, the growing use of community cloud in the education sector, as it allows institutions to share information, research material, and educational content in the cloud, is positively influencing the market. Additionally, the increasing adoption of community cloud in the healthcare industry to prevent leakage and misuse of the patient health records is strengthening the growth of the market. In line with this, the rising employment of community cloud in the banking sector to manage sensitive customer information and applicable monetary transactions is offering lucrative growth opportunities to industry investors. Besides this, increasing preferences for sustainable environmental solutions among the masses around the world is propelling the growth of the market. In addition, the escalating demand for high performance with low infrastructure costs in businesses is bolstering the growth of the market. Moreover, governing agencies of various countries are undertaking initiatives for encouraging companies to adopt community cloud in the private and public sectors, which is supporting the growth of the market. Furthermore, the rising need for single regulatory compliance and network security standard is impelling the growth of the market.Key Market Segmentation:
The publisher provides an analysis of the key trends in each segment of the global community cloud market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on component, application, and industry vertical.Component Insights:
- Hardware
- Server
- Networking
- Storage
- Others
- Software
- Enterprise Application Software
- Collaboration Tools Software
- Dashboards Business Intelligence Software
- Services
- Training Services
- Maintenance and Support
- Regulation and Compliance
- Consulting
Application Insights:
- Cloud-Based Storage
- Cloud Backup and Recovery
- Cloud Security and Data Privacy
- High Performance Computation
- Analytics and Web-Based Applications
Industry Vertical Insights:
- BFSI
- Gaming
- Government
- Healthcare
- Education
- Others
Regional Insights:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global community cloud market. Detailed profiles of all major companies have been provided. Some of the companies covered include Google LLC (Alphabet Inc.), International Business Machines Corporation, Microsoft Corporation, Salesforce Inc., Society for Worldwide Interbank Financial Telecommunication, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report:
- How has the global community cloud market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global community cloud market?
- What is the impact of each driver, restraint, and opportunity on the global community cloud market?
- What are the key regional markets?
- Which countries represent the most attractive community cloud market?
- What is the breakup of the market based on the component?
- Which is the most attractive component in the community cloud market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the community cloud market?
- What is the breakup of the market based on the industry vertical?
- Which is the most attractive industry vertical in the community cloud market?
- What is the competitive structure of the global community cloud market?
- Who are the key players/companies in the global community cloud market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Community Cloud Market
6 Market Breakup by Component
7 Market Breakup by Application
8 Market Breakup by Industry Vertical
9 Market Breakup by Region
10 Drivers, Restraints, and Opportunities
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Google LLC (Alphabet Inc.)
- International Business Machines Corporation
- Microsoft Corporation
- Salesforce Inc.
- Society for Worldwide Interbank Financial Telecommunication
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 140 |
| Published | July 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 4.33 Billion |
| Forecasted Market Value ( USD | $ 23.31 Billion |
| Compound Annual Growth Rate | 32.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 5 |
