Community Cloud Market

Global Community Cloud Market Size (2024 to 2029)

The global community cloud market is predicted to reach USD 14.74 billion in 2024 and USD 64.88 billion by 2029, growing at a CAGR of 34.5% during the forecast period.

In the previous few years, applications for cloud-based services have been expanding among different businesses. These businesses relay and manage huge amounts of information for high-performance computing applications and services. A few associations have just begun embracing the shared cloud model. Also, tremendous spending by different governments has pressed firms to agree to administrative principles. This will bring about additional adoption of the community cloud model in different enterprises in the coming years.

Global Community Cloud Market Drivers:

The global community cloud market will likely observe dramatic development over the conjecture time frame. Interest in cloud solutions has been flooding in recent years. Various enterprises are progressively receiving cloud solutions to remain competitive by cutting down on information technology infrastructure costs. The community cloud helps decrease framework costs as the expense is shared among various partners. Regulatory consistency, government spending on community cloud arrangements, and requests emerging from various industry verticals are a portion of the central point impelling the development of this market.

Global Community Cloud Market Restraints:

Despite the fact that these clouds offer different advantages, the security of the information remains a significant test for the vendors that offer these types of assistance to various associations. The concerns related to hacking and data theft are also posing significant challenges to the global community cloud market.

Impact of COVID-19 on the Community Cloud Market:

Because of the flare-up of novel Coronavirus, numerous organizations are urging representatives to work at home, which is ending up being beneficial for the vendors. This is because a developing number of clients and firms are going to these sellers for advice and support, to empower secure distant work activities that can guarantee the well-being and profitability of their representatives, and to keep up continuous business tasks all through this advancing worldwide emergency. For example, since the previous few weeks, Citrix has shared distant work best practices and models from clients around the world utilizing its virtualization and workspace answers to guarantee secure and reliable remote access to the applications.

REPORT COVERAGE:

This research report on the global cloud market investigation market has been segmented and sub-segmented based on the type, delivery model, enterprise, vertical, and region.

Global Community Cloud market investigation - By Type:

• Infrastructure as a service (IaaS)    

• Platform as a Service (PaaS)             

• Software as a service (SaaS)            

• Business Process as a Service (BPaaS)          

• Cloud Advertisement Service          

• Cloud Management            

• Security Service    

Various kinds of community cloud administrations are Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS), Business Process as a Service (BPaaS), Cloud Advertisement Service, Cloud Management, and Security Service. IaaS, the most essential cloud computing model, gives physical or virtual machines and different assets. PaaS cloud suppliers convey a computing platform, such as a working framework. At last, the SaaS cloud gives access to application programming and databases. The SaaS market is the biggest income-creating section. Cloud Advertisement Services are likewise well-known among sellers.

Global Community Cloud market investigation - By Delivery model:

• User Self Provisioning         

• Advance Provisioning         

• Dynamic Provisioning     

The different organization models of community cloud are user self-provisioning, advanced provisioning, and dynamic provisioning. The user self-provisioning model is most normally utilized in small and medium-scale ventures that utilize their own self-provisioning entries. Dynamic provisioning service is a famous pattern in the market as the requested service is dynamically allocated to the customer. This aids in reducing expenses and thus is, as a rule, broadly utilized across different ventures.

Global Community Cloud market investigation - By Enterprises:

• small          

• Medium   

• large          

Different endeavors of various sizes are utilizing community cloud administrations. The sizes, as indicated by which these endeavors are ordered, are small, medium, and large. For the most part, large undertakings favor cloud administrations as they give the flexibility to work from anywhere and versatility for information stockpiling.

Global Community Cloud Market - By Industry Vertical:

• Government and Public Sector       

• Healthcare and Life Sciences           

• Banking Financial Services and Insurance (BFSI)      

• Consumer Goods and Retail             

• Telecommunication and Information Technology  

• Media and Entertainment

Different businesses where community clouds are utilized are the government and public sector, healthcare and life sciences, banking, financial services and insurance (BFSI), consumer goods and retail, telecommunication and information technology, media and entertainment, and others. Right now, community cloud administrations are widely utilized in retail, BFSI, IT, and media transmission ventures. The medical care area is likewise a thriving area for community clouds.

Global Community Cloud Market - By Region:

• North America

  • The United States

  • Canada

  • Rest of North America

• Europe

  • The United Kingdom

  • Spain

  • Germany

  • Italy

  • France

  • Rest of Europe

• The Asia Pacific

  • India

  • Japan

  • China

  • Australia

  • Singapore

  • Malaysia

  • South Korea

  • New Zealand

  • Southeast Asia

• Latin America

  • Brazil

  • Argentina

  • Mexico

  • Rest of LATAM

• The Middle East and Africa

  • Saudi Arabia

  • UAE

  • Lebanon

  • Jordan

  • Cyprus

The global community cloud market is investigated in various continents, such as North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. North America is the biggest market for community clouds because of the continent's innovative progressions and early selection of innovation. The United States is the major contributor to this regional business. The North American market is closely trailed by Europe. The Asia Pacific is likely to develop with a considerable compound annual growth rate in the coming years with the rising adoption in emerging economies like India, China, etc. The other areas that are supposed to offer lucrative growth opportunities for market players are the Middle East, Africa, and Latin America.

KEY MARKET PARTICIPANTS:

The major companies operating in the global community cloud market include Akamai Technologies, Inc., Amadeus IT Group SA, Amazon Web Services LLC, Atos SE, CA Technologies, Inc., Cisco Systems, Computer Sciences Corporation, Google Inc., EMC Corp., Dell Inc., INetU Inc., IBM Global Services, Microsoft Corp. and Optum, Inc., among others, are some of the key players in the global community cloud market.