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.

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.

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.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Community Cloud Market Analysis By Type

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 Analysis By Delivery model

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 Analysis By Enterprises

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 Analysis By Industry Vertical

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.

REGIONAL ANALYSIS

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 PARTICIPANTS IN THE GLOBAL COMMUNITY CLOUD MARKET

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.

DETAILED SEGMENTATION OF THE GLOBAL COMMUNITY CLOUD MARKET INCLUDED IN THIS REPORT

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

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    

By Delivery model

• User Self Provisioning         

• Advance Provisioning         

• Dynamic Provisioning     

By Enterprises

• small          

• Medium   

• large          

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

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