Community Cloud Market
A community cloud, a kind of cloud infrastructure, meets the requirement of a particular community or group of organizations by allowing them to share resources and services based on common operational and regulatory requirements. Organizations can choose to host their own data centers and split the cost and responsibilities to set up a community cloud.
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Factors such as rise in demand for infrastructure with high performance and low latency, increase in need to reduce the number of servers and increase green computing, and rise in demand for security, compliance, and data redundancy, primarily drive the growth of the community cloud market. However, governance and trust issues hamper the market growth to some extent. Moreover, rise in collaboration and information exchange between corporations is expected to provide lucrative opportunities for the market growth during the forecast period.
By region, North America garnered the highest share in 2022, holding nearly two-fifths of the global community cloud market revenue in 2022, and is projected to retain its dominance by 2032, owing to a significant emphasis on technological improvements, an established IT infrastructure, and a high level of digitization. The Asia-Pacific region would also portray the fastest CAGR of 38.2% during the forecast period, owing to fast growing economy, large population, and increasing digitization. Moreover, rise in demand for scalable and affordable IT solutions is one of the major factors propelling the growth of the community cloud.
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Leading Market Players-
Google LLC
IBM Corporation
Microsoft Corporation
Cisco Systems, Inc.
DXC Technology Company
Amazon Web Services, Inc.
Broadcom
Atos Se
Akamai Technologies
VMware, Inc
The report analyzes these key players in the global community cloud market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, developments, and product portfolios of every market player.
Similar Reports:
U.S. Community Cloud Market: https://www.alliedmarketresearch.com/u-s-community-cloud-market
Australia Community Cloud Market: https://www.alliedmarketresearch.com/australia-community-cloud-market
South Korea Community Cloud Market: https://www.alliedmarketresearch.com/south-korea-community-cloud-market
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