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.
The global community cloud market report provides the detailed market share, size, and the growth rate of various segments at both the country and regional levels. It includes an in-depth study of the market subtleties such as the current trends, drivers, restrains, and opportunities. The report also highlights the qualitative aspects in the study. The market report also involves the competitive landscape containing the profiles of top ten key players in the industry. The companies have been thoroughly analyzed on the basis of their revenue size, regional presence, product/service portfolio, major plans & policies, and overall contribution to the growth of the market.
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.
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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.
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Major market players such as – Amazon Web Services Inc., Atos SE, CA Technologies Inc, Cisco Systems Inc., DXC Technology Company, Alphabet Inc, International Business Machines Corporation, Microsoft Corporation, Optum Inc., Akamai Technologies Inc.
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