Impact of Community Cloud Technology: Analysis & Forecasts

Community Cloud: 

A Community Cloud simply is a multi-tenant infrastructure which can shared be among multiple organizations from a group with common computing concerns. 

Community cloud market is showing a sign of growth and many organizations & government too started implementing community cloud model into their currently working systems. Organizations like EMC, VMware, Microsoft, AWS, IBM, CSC, CA Technologies, Amadeus and many others which are the main contributor to community cloud one tier technology are hoping to gain better competitive advantage in this arising market model, thereby creating flexible payment model and stack services which can enable quicker customer adoption of the same.

Major Driving Force: 

Factors like data security, regulatory compliance, high performance, low latency infrastructure, and economy of scale are turning out to be the driving force for this market. Also if we consider verticals like Healthcare, Banking, and Finance in which there is an exponential growth in the number of customers and so transaction information demands for scalable and cost effective data storage, retrieval and computation services. Further, organizations are bound to follow compliance standards like FISMA and HIPAA.

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Market Segmentation : 

MarketsandMarkets has segmented the global community cloud market by type of hardware technologies: server, storage devices and network equipment; software technologies: enterprise applications, business intelligence and dashboard; by type of professional services: regulation and compliance management, customer/public portal, training support, maintenance support, consulting support, others; by type of applications: cloud backup and recovery, cloud-based storage, cloud security and data privacy, HPC and analytics, web-based applications; by type of verticals: government, BFSI, healthcare, transportation and logistics, gaming, academia and education and others; by regions: North America (NA) as United States (US) and Rest of NA; Asia Pacific (APAC) as China, Japan, Singapore, Australia, India and Rest of APAC; Europe (EU) as United Kingdom (UK), Italy and Rest of EU; Middle East and Africa (MEA) and Latin America (LA) as Brazil and Rest of LA. The report also includes insights into the opportunity analysis of specific verticals and business case analysis and roadmaps for the community cloud market.

MarketsandMarkets perceives the factors like increasing IT budgets, technological advancements and economic conditions are pushing enterprises & local governments to look for some other cost effective measures in traditional IT network & maintenance. Therefore, despite of having slow adoption of community cloud model because of trust and security issues between an organizations using cloud applications, this models are expected to grow well & expected to have a prevalent existence across all major verticals owing to the increasing demand of high performance computation and low latency data network, on a real-time basis.

Industry Forecasts:

The Community Cloud market is predicted to expand from $566.1 million in 2013 to $2.49 billion in 2018. This indicates a Compounded Annual Growth Rate (CAGR) of 34.5% from 2013 to 2018. In the current scenario, government and BFSI vertical continues to be the largest adapter for community cloud deployment solutions.  In terms of regions, North America is forecasted to be the biggest market in terms of revenue contribution, while the European region is anticipated to experience increased market traction, in the due course.

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