Albany, NY -- (SBWIRE) -- 12/15/2014 -- 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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On the basis of M2M connections and modules, the market is segmented into network connections, sim-cards and module types. On the basis of IoT components into RFID, network communications, data processing and safety, security and support technology. The market is also segmented by application into Public safety & urban security, Retail, Healthcare, Energy & power, Transportation, Telecom & IT, Consumer & residential, Industrial & commercial Buildings, Manufacturing. The market is further segmented by geography into North America, Asia Pacific, Europe and rest of the world regions.

The market is driven by factors such as the government driven technology, and ubiquitous connectivity. Some of the factors inhibiting the growth of the market are privacy and security, governance and standards and deployment of phase out of 2G technology. New ideas & bigger potential for market and deployment of innovative devices will serve as an opportunity, fuelling the growth of this market.

Some of the key players in this market are Alcatel-Lucent S.A., At&T Inc., Cisco Systems, Inc., Huawei Technologies Co. Ltd., Nxp Semiconductors Nv, International Business Machines Corporation, Google, Inc., Intel Corporation, Qualcomm Incorporated, Gemalto Nv and others.

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This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include:

- North America
- Asia Pacific
- Europe
- Rest of the World

This report provides comprehensive analysis of:

- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter's five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

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