Community Cloud

Community Cloud

Global Community Cloud Market to Reach US$112.4 Billion by 2030

The global market for Community Cloud estimated at US$18.4 Billion in the year 2023, is expected to reach US$112.4 Billion by 2030, growing at a CAGR of 29.5% over the analysis period 2023-2030. Community Cloud Hardware, one of the segments analyzed in the report, is expected to record a 32.1% CAGR and reach US$56.3 Billion by the end of the analysis period. Growth in the Community Cloud Software segment is estimated at 27.2% CAGR over the analysis period.

The U.S. Market is Estimated at US$5.3 Billion While China is Forecast to Grow at 28.2% CAGR

The Community Cloud market in the U.S. is estimated at US$5.3 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$16.6 Billion by the year 2030 trailing a CAGR of 28.2% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 27.0% and 24.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 20.1% CAGR.

Global Community Cloud Market - Key Trends and Drivers Summarized

In the realm of cloud computing, the community cloud model allows multiple organizations to share resources and services to meet common operational and regulatory requirements. These organizations, often from the same industry or with similar data and service needs, benefit from a shared infrastructure that offers more security and compliance than public clouds and is less expensive than private clouds. This makes community clouds particularly suitable for sectors such as healthcare, education, financial services, and legal fields where privacy and compliance are critical. The architecture of community clouds combines elements of both private and public clouds, focusing on enhanced security and shared data services. These clouds can be hosted internally by consortium members or externally by third-party vendors, involving complex setups that include shared policies, security protocols, and allocation strategies to ensure equitable benefits and compliance with industry standards.

Community clouds are especially advantageous in sectors with similar regulatory challenges and operational requirements. For instance, government departments can share infrastructure and services securely, facilitating better communication and data sharing without compromising security. In healthcare, community clouds enable seamless sharing of patient records across hospitals and providers, adhering to regulations such as HIPAA, thus improving patient care. Educational institutions also leverage community clouds to share resources and services efficiently, reducing costs and enhancing the online learning experience. The structure of a community cloud includes key components such as shared policies and protocols, cloud infrastructure often built on a private cloud base, a cloud management system for resource and security management, identity and access management (IAM) systems, data governance tools, and shared application services, all tailored to meet the specific needs of its members.

Several key drivers are fueling the growth of community clouds. The integration of advanced technologies such as artificial intelligence (AI) and big data analytics enhances the functionality of community clouds, enabling smarter data-driven decisions and personalized user experiences. Regulatory compliance needs in sectors like healthcare and finance make community clouds attractive due to their alignment with stringent data privacy and security laws such as GDPR and HIPAA. The extensive customization options offered by community cloud platforms allow organizations to tailor services to their unique operational requirements. The shared cost model is significant for sectors with tight budgets, allowing access to high-level cloud computing resources without the high capital expenditure of private clouds. Community clouds foster sector-specific engagement, enabling users to share best practices and develop solutions collaboratively. Additionally, community clouds contribute to environmental sustainability by optimizing resource use and reducing carbon footprints compared to isolated private clouds. The shift towards remote work and digital collaboration further underscores the need for community clouds, which provide seamless platforms for collaboration and data sharing across locations, adapting to modern work cultures. These factors collectively drive the adoption of community cloud solutions across various industries, highlighting the complex interplay of technology, regulatory compliance, economic considerations, and cultural shifts.

Select Competitors (Total 38 Featured) -

• Akamai Technologies, Inc.
• Amadeus IT Group SA
• Amazon Web Services, Inc.
• Atos SA
• Cisco Systems, Inc.
• Google Cloud Platform
• IBM Corporation
• Microsoft Corporation
• Vmware, Inc.

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