A new study on the cloud-based services has been focused in a report added to the repository of Market Research Hub. The report is titled as “Global Community Cloud Market 2015-2019.” It states that, while the community cloud market is rising at a slow pace, various governments and organizations have already started developing community cloud model into their current system scenarios. Due to this, research analysts have forecasted the global community cloud market to grow at a CAGR of 36.11% during the forecast period of 2014 to 2019.
During the last few years, this sector has gained tremendous position leading to the rapid growth in the use of cloud technology in various industry verticals. The report provides overview of the community cloud market along with its market segmentation. A community cloud is a cloud-based service i.e. shared among several organizations from a specific group with common computing concerns. Such concerns might be related to regulatory compliance, like audit requirements or may be related to hosting applications that require a quick response time. As a multi-tenant cloud computing model, community cloud has a strong resemblance to public cloud with a lower cost & better security than private cloud. Currently, cloud-based services are limited to a specific group of customers such as government, healthcare, media or public sectors.
Geographically, the market covers some key regions such as Americas, APAC and EMEA. By analyzing these regions, report evaluates the growth prospects and details of the major drivers that influence the growth of the market. To calculate the market size, it considers revenue generated from the community cloud software, tools, solutions, applications and services.
One of the major trends in this market is increased adoption of the shared cloud model. Most enterprises in developing countries cannot afford expensive on-premises or cloud solutions for storing data. Hence, they are adopting shared cloud-based solutions. Further, the report states that the slow adoption by enterprises is one of the major challenges in the market. However, community cloud solutions are mainly adopted by the government and healthcare sectors in the U.S. and Europe; while, other large organizations are still using private and hybrid solutions because of their security features. Hence, the global adoption rate is slow when it comes to community cloud solutions.
Key vendors highlighted in the report are:
Amazon Web Services
Porter’s five forces model analysis and detailed profiles of above players are also analyzed. Other prominent vendors are- Akamai Technologies, Amadeus IT, AtoS, CA Technologies, Clear Government Solutions, Dell, Eucalyptus Systems, CFN Services, Google, INetU, Microsoft, Optum etc.