Report Code: A14623 | Pages: NA | Jul 2023 | 896 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
|
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Community Cloud Market
Request Now !A community cloud in information processing is a joint effort where common infrastructure is being shared between various organizations from a particular community with common concerns such as security, compliance, jurisdiction, and others. These community clouds are managed internally or by a third-party service providers. Community cloud is controlled and utilized by a group of companies that share a common interest. The expenses are spread over fewer users than a public cloud, so only some of the cost savings possibilities of cloud computing services are implemented. Community clouds are frequently designed for businesses and organizations together working on collaborative projects, applications, or research that requires a central cloud computing service for building, managing, and executing projects, irrespective of the solutions leased for specific period. Some of the advantages of community cloud include cost effective, flexible & scalable, security, and sharing infrastructure.   Â
COVID-19 scenario analysis:Â
Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
The demand for high performance with low latency infrastructure in businesses for achieving high efficiency and shared concerns for data redundancy, security, and compliance among business are some of the factors driving the growth of community cloud market. In addition, community cloud helps in further reduction of infrastructure cost as the cost incurred is shared among different stakeholders, thus propelling the market growth. However, security concerns toward the enterprise data in a shared environment is a factor hampering the growth of the market. Furthermore, government initiatives for adoption of community cloud technology in private and public sector and investment in cloud technology by research and education sector are expected to provide lucrative opportunities to the growth of the community cloud market.Â
The market trends for community cloud market are as follows:
Adoption of latest technologies to boost the market growth
Cloud technology has achieved great significance, which led to the rapid increase in use of cloud technology in different industry verticals. Businesses manage and depend on large amount of data for quality assurance and services. Sharing common cloud model is a new trend followed by various companies. Many government offices around the world are spending a considerable amount on the adoption of these technologies, which propels the growth of the market. Growing need for single regulatory and network security standard around the world is a significant factor for the growth of community cloud market. Â
Asia-Pacific is expected to have the highest growth during the forecast period
Asia-Pacific is projected to be the fastest growing markets for the community cloud market. Major countries in the Asia-Pacific region include China, Japan, India, South Korea, and Australia. Most of these countries are either developed or in developing stage and are emerging as the largest users of advanced technologies. These emerging economies in the Asia-Pacific region are major contributors in the adoption of latest technology because of population factor. In addition, government initiative to promote technological advancement in this region is also one of the important factors to the growth of the community cloud market.Â
Key benefits of the report:
Questions answered in the community cloud market research report:
Community Cloud Market Report Highlights
Aspects | Details |
---|---|
By Component |
|
By Service Type |
|
By Application |
|
By Industry Vertical |
|
By Region |
|
Key Market Players | DXC Technology Company, Alphabet Inc, Cisco Systems Inc., Optum Inc., International Business Machines Corporation, Amazon Web Services Inc., Microsoft Corporation, Atos SE, CA Technologies Inc, Akamai Technologies Inc. |
Loading Table Of Content...
Start reading.
This Report and over 53,435+ more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
Library
Membership
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers