Community Cloud Market Size, Share, Analysis, Growth Report 2032

Community Cloud Market Size

The global community cloud market size was worth around USD 6.50 billion in 2023 and is predicted to grow to around USD 88.11 billion by 2032 with a compound annual growth rate (CAGR) of roughly 33.60% between 2024 and 2032.

The report covers forecast and analysis for the community cloud market on a global and regional level. The study provides historic data for 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion).

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Community Cloud Market: Overview

Cloud computing has emerged as a leading technology in the past few years offering various advantages to various industries. There is a tremendous rise in cloud-based services and its applications across industries. Shared cloud technology model is a new trend being followed by many government organizations and private companies. The difference between a community cloud model and a public cloud model is that its access is restricted to a specific community of cloud users or cloud consumers. The cost of the community cloud can be jointly shared by the user members of that particular community or in cooperation with a third-party cloud provider. The community cloud is regulated, supervise and secured by all the participating organizations, users or a third party managed service provider.

The study includes drivers and restraints for the community cloud market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the community cloud market on a global level.

This report offers comprehensive coverage on global community cloud market along with, market trends, drivers, and restraints of the community cloud market. This report includes a detailed competitive scenario and the product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the community cloud market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared using data sourced from in-house databases, secondary and primary research team of industry experts.

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Community Cloud Market: Growth Drivers

The numerous factors that are expected to drive the growth of the global community cloud market are shared concerns such as data security and redundancy, regulatory compliance, etc. It also promotes green computing trends by reducing the number of servers used in the network. One of the most important factors contributing significantly to the growth of the market is shared cost model, which is expected to offer small and medium scale business to gain profit and achieve economies of scale in short time span. The global demand for community cloud model is expected to gain pace owing to the need for high performance and low latency infrastructure. The slow adoption rate of the community cloud model due to security concerns among the organizations using cloud application is hindering the growth of this market. Whereas, the rise in adoption of community cloud model by small and medium-size business in healthcare and financial verticals are expected to boost the growth of this market globally.

Community Cloud Market: Report Scope

Community Cloud Market: Segmentation

The study provides a decisive view on the community cloud market by segmenting the market based on components, professional services, applications, and verticals. All the segments have been analyzed based on present and the future trends and the market is estimated from 2024 to 2032.

The components segment is divided into hardware and software. The hardware is further divided into the server, storage components, and networking peripherals. The software segment is further fragmented into enterprise applications, collaboration tools, dashboards, and business intelligence.

Professional services segment is categorized into consulting support services, training support services, maintenance support services, customer/public portal services, regulation and compliance services, and other services.

By applications, the segments are cloud-based storage, cloud backup and recovery, cloud security and data privacy, web-based applications, high-performance computation (HPC) and analytics.

The vertical segment is further categorized into BFSI, gaming, government, healthcare, academia and education, and others.

The regional segmentation includes the current and forecast demand for North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa with further country wise categorization include the U.S., UK, France, Germany, China, Japan, India, and Brazil.

Community Cloud Market: Competitive Outlook

The report covers a detailed competitive outlook including the market share and company profiles of the key participants operating in the global community cloud market are:

• Amazon Web Services LLC
• Cisco Systems
• Atos SE
• Akamai Technologies Inc.
• VMware
• Computer Sciences Corporation
• Google Inc.
• Amadeus IT Group SA
• Microsoft Corp.
• IBM Corporation 
• Among Others

The report segments the global community cloud market as follows:

Community Cloud Market: Components Segments

• Hardware
  • Server
  • Storage components
  • Networking Peripherals
• Software
  • Enterprise Applications
  • Collaboration Tools
  • Dashboards
  • Business Intelligence

Community Cloud Market: Professional Services Segments

• Consulting Support Services
• Training Support Services
• Maintenance Support Services
• Customer/Public Portal Services
• Regulation and Compliance Services
• Other Services

Community Cloud Market: Applications Segments

• Cloud-Based Storage
• Cloud Backup And Recovery
• Cloud Security And Data Privacy
• Web-Based Applications
• High-Performance Computation (HPC) And Analytics

Community Cloud Market: Verticals Segments

• BFSI
• Gaming
• Government
• Healthcare
• Academia and Education
• Others

Community Cloud Market: Regional Segments

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa