Albany, NY -- (SBWIRE) -- 12/12/2018 -- During the last few years, cloud technology has gained tremendous importance leading to the rapid growth in use of cloud technology in various industry verticals. Industries manage and rely on huge amount of data for the quality performance and services. Shared cloud model is a new trend being followed by many companies. Along with it, many government offices across the globe are spending significant amount on the adoption of these technologies. For instance, agencies and government organizations such as Australian Taxation Office (ATO) and General Service Administration (GSA) have already started investment and use of commodity cloud technology. Thus, the adoption of the community cloud technology is expected to increase in coming years.
The community cloud technologies are developed with the use of cloud computing technologies. Increasing need for single regulatory and network security norm across the globe is significant factor for the growth of this market. As the community cloud technology model is based on shared cost model, the market has huge scope in small and medium sized businesses such as healthcare and clinical verticals. The small and medium scale business prefer the community cloud model over traditional cloud technology model to gain profit and achieve economies of scale in short time span.
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Global demand for high performance with low latency infrastructure is a significant driving factor for community cloud technology market. Along with it, achieving economies of scale by use of shared cost model, shared concerns for data redundancy, security and compliance, and green computing initiative for reducing number of servers are some of the factors leading to the adoption of community cloud technology market. Security concerns toward the enterprise data in a shared environment is a restraining factor for the growth of this market. In coming years, 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 fuel the growth of this market.
Community cloud market is segmented on the basis of professional services, components, application, verticals and geography. On the basis of professional services the market is segmented into training support services, maintenance support services, regulation and compliance services, customer/public portal services, consulting support services and other services. Community cloud market is segmented on the basis of component into hardware and software. Hardware used in these systems are server, storage components and networking peripherals. Software segment include enterprise applications, collaboration tools, dashboards and business intelligence software. Community cloud services cater to various verticals such as, banking, financial services and insurance (BFSI), gaming, government, healthcare, academia and education, transportation and logistics, and others. Community cloud services have several applications across the industry verticals, on the basis of application the community cloud market is segmented into cloud-based storage, cloud backup and recovery, cloud security and data privacy, high performance computation (HPC) and analytics and web-based applications.
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Akamai Technologies, Inc., Amadeus IT Group SA, Amazon Web Services LLC, Atos SE, CA Technologies, Inc., Cisco Systems, Computer Sciences Corporation, Google Inc., EMC Corp., Dell Inc., INetU Inc., IBM Global Services, Microsoft Corp. and Optum, Inc., among others are some of the key players in global community cloud market.