The community cloud market is a particular area of the cloud computing business that is dedicated to meeting the requirements of a particular community or group of organizations. Community clouds are intended to be shared by a small number of users who have similar needs, requirements, or issues, as opposed to public clouds, which are open to all users. A cost-effective solution that satisfies each community member's unique needs is offered by a community cloud, where infrastructure, resources, and services are shared by all community members. It enables cooperation, data and application sharing, and scale economies among community-based organizations. Community clouds frequently serve industries or areas such as healthcare, government, finance, or education that have particular regulatory or compliance requirements. Moreover, they offer a safe and secure environment that takes care of issues unique to the sector while also providing advantages of cloud computing, such as scalability, flexibility, and cost-effectiveness. In addition, infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS), and software-as-a-service (SaaS) are a few examples of the vendors and service providers that offer community cloud solutions. These service providers offer specialized solutions made to meet the unique needs and specifications of the community they serve. Furthermore, the need for cooperation and resource sharing among organizations within a particular community, as well as the rise in demand for secure and compliant cloud solutions, are the main factors driving the community cloud market.
The community cloud market is segmented on the basis of component, application, end user, and region. On the basis of component, it is bifurcated into hardware, software, and services. On the basis of application, it is bifurcated into cloud-based storage, cloud backup and recovery, cloud security and data privacy, high performance computing and analytics, and web-based application. On the basis of end user, it is fragmented into BFSI, gaming, healthcare, government, education, and others. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global community cloud industry is dominated by key players such as Google LLC, IBM Corporation, Microsoft Corporation, Cisco Systems, Inc., DXC Technology Company, Amazon Web Services, Inc., Broadcom, Atos Se, Akamai Technologies, and VMware, Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the community cloud market.
The community cloud market is segmented on the basis of component, application, end user, and region. On the basis of component, it is bifurcated into hardware, software, and services. On the basis of application, it is bifurcated into cloud-based storage, cloud backup and recovery, cloud security and data privacy, high performance computing and analytics, and web-based application. On the basis of end user, it is fragmented into BFSI, gaming, healthcare, government, education, and others. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global community cloud industry is dominated by key players such as Google LLC, IBM Corporation, Microsoft Corporation, Cisco Systems, Inc., DXC Technology Company, Amazon Web Services, Inc., Broadcom, Atos Se, Akamai Technologies, and VMware, Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the community cloud market.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the community cloud market analysis from 2022 to 2032 to identify the prevailing community cloud market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the community cloud market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global community cloud market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Component
- Hardware
- Software
- Services
By Application
- Cloud-based Storage
- Cloud Backup and Recovery
- Cloud Security and Data Privacy
- High-Performance Computation (HPC) and Analytics
- Web-based Applications
By End User
- BFSI
- Gaming
- Government
- Healthcare
- Education
- Others
By Region
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Key Market Players
- Google LLC
- Microsoft Corporation
- Cisco Systems, Inc.
- DXC Technology Company
- Broadcom
- Atos SE
- VMware, Inc.
- Amazon Web Services, Inc.
- Akamai Technologies
- IBM Corporation
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: COMMUNITY CLOUD MARKET, BY COMPONENT
CHAPTER 5: COMMUNITY CLOUD MARKET, BY APPLICATION
CHAPTER 6: COMMUNITY CLOUD MARKET, BY END USER
CHAPTER 7: COMMUNITY CLOUD MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, the community cloud market was valued at $4.7 billion in 2022, and is estimated to reach $82.9 billion by 2032, growing at a CAGR of 33.6% from 2023 to 2032.A community cloud is a type of cloud infrastructure that enables companies to share data, resources, and services based on usual operational and legal standards. It is run and managed by local residents and independent contractors. As compared to a public cloud, community cloud is more affordable, adaptable, scalable, reliable, and secure. Also, it guarantees interoperability, enabling enterprises to alter attributes in accordance with their needs. Community cloud supports the usage of various devices and helps businesses communicate with their staff remotely. Moreover, community cloud operations provide off-site backup at regular intervals with zero downtime. It offers faster workflow management and eliminates the requirement for additional human resources to run the system. In addition, it helps safeguard sensitive and important data against unforeseen events. As a result, community cloud is widely used in a variety of sectors globally, including gaming, banking, financial services, insurance, government, healthcare, and government.
The use of cloud technology has significantly increased across various corporate sectors as a result of cloud computing's rise in popularity over the past several years. Industries manage and rely on huge amount of data for outstanding performance and services. In addition, a number of governments globally are making significant investments in the application of these technologies. For example, the Australian Taxation Office (ATO) and the General Service Administration (GSA), are agencies and government organizations that have already started to invest in and use community cloud technology. Therefore, the adoption of community cloud technologies is expected to increase in upcoming years. Community cloud technologies are constructed using cloud computing technology.
Moreover, rise in demand for infrastructure with high performance and low latency, increase in need to reduce the number of servers and increase green computing, and rise in demand for security, compliance, and data redundancy, primarily drive the growth of the community cloud market. However, governance and trust issues hamper the market growth to some extent. Moreover, rise in collaboration and information exchange between corporations is expected to provide lucrative opportunities for the community cloud market forecast.
On the basis of component, the hardware segment dominated the community cloud market size in 2022 and is expected to maintain its dominance in the upcoming years, owing to particular needs of community cloud environments, such as storage systems, high-performance servers, and networking hardware, which propels the market growth significantly. However, the software segment is expected to witness the highest growth, owing enable smooth integration, interoperability, and data sharing among various community cloud participants as more businesses and organizations use community cloud solutions.
Region-wise, North America dominated the community cloud market share in 2022, owing to significant emphasis on technological improvements, an established IT infrastructure, and a high level of digitization. In addition, advantages of cloud computing, such as cost reductions, scalability, and flexibility, have been acknowledged by businesses in the region. However, Asia-Pacific is expected to be the fastest growing in 2022, owing to rise in demand for scalable and affordable IT solutions. Moreover, the use of community cloud services has increased dramatically in a number of industries, including manufacturing, healthcare, retail, and government.
The community cloud market has been significantly impacted by the COVID-19 pandemic, due to rise in digitalization around the world. The need for scalable and secure cloud solutions grew as companies and organizations were compelled to move towards remote work and digital operations. Community clouds, which concentrate on particular sectors or industries, gained even more importance as businesses looked for specialized solutions to address their particular demands during this crisis. In addition, the pandemic highlighted the significance of data security and compliance, particularly in sectors such as healthcare and banking. Community clouds provide organizations handling sensitive data with a managed and secure environment that satisfies industry-specific standards and gives organizations peace of mind. During the outbreak, organizations relied more on digital platforms for communication and data exchange, which boosted the need for community clouds as they aimed to protect the privacy and integrity of their data. Furthermore, community clouds made it easier for businesses within a specific community to collaborate and share resources. Community clouds offered a centralized platform for businesses to collaborate, exchange apps, and access common resources as remote work became the new standard. The pandemic's disruption decreased as a result of seamless communication and teamwork. Community clouds around this period were very beneficial to sectors such as education and government that largely relied on collaboration and information sharing.
Key Findings of the Study
By component, the hardware segment led the community cloud market in terms of revenue in 2022.By application, the cloud-based storage led the community cloud market in terms of revenue in 2022.
By end user, the education is anticipated the fastest growth for community cloud market.
By region, North America generated the highest revenue for community cloud market analysis in 2022.
The key players profiled in the community cloud industry analysis are Google LLC, IBM Corporation, Microsoft Corporation, Cisco Systems, Inc., DXC Technology Company, Amazon Web Services, Inc., Broadcom, Atos Se, Akamai Technologies, and VMware, Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the community cloud industry.
Companies Mentioned
- Google LLC
- Microsoft Corporation
- Cisco Systems, Inc.
- DXC Technology Company
- Broadcom
- Atos SE
- VMware, Inc.
- Amazon Web Services, Inc.
- Akamai Technologies
- IBM Corporation
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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