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Community Cloud Market Report by Component (Hardware, Software, Services), Application (Cloud-Based Storage, Cloud Backup and Recovery, Cloud Security and Data Privacy, High Performance Computation, Analytics and Web-Based Applications), Industry Vertical (BFSI, Gaming, Government, Healthcare, Education, and Others), and Region 2023-2028
Market Report I 2023-07-05 I 140 Pages I IMARC Group
Market Overview:
The global community cloud market size reached US$ 4.33 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 23.31 Billion by 2028, exhibiting a growth rate (CAGR) of 32.20% during 2023-2028. The growing need to prevent misuse of patient health records, rising adoption to increase productivity among different organizations, and increasing demand for single regulatory compliance and network security standard represent some of the key factors driving the market.
A community cloud is a cloud infrastructure that allows organizations to share information, resources, and services based on common operational and regulatory requirements. It is operated and controlled by community members and third-party vendors. It is cost-effective, flexible, scalable, reliable, and more secure as compared to a public cloud. It ensures compatibility that allows businesses to modify properties according to their requirements. It assists companies in interacting with the employees remotely and supports the use of different devices. It aids in offering off-site backup at regular intervals and has no downtime under community cloud operations. It eliminates the need for additional human resources to manage the system and provides streamlined workflow management. Besides this, it is beneficial in protecting essential and sensitive data from unforeseen circumstances. As a result, community cloud is widely employed in the healthcare, gaming, government, education, and banking, financial services, and insurance (BFSI) industries across the globe.
Community Cloud Market Trends:
At present, the rising adoption of community cloud to increase productivity among organizations represents one of the major factors contributing to the growth of the market. Apart from this, the growing use of community cloud in the education sector, as it allows institutions to share information, research material, and educational content in the cloud, is positively influencing the market. Additionally, the increasing adoption of community cloud in the healthcare industry to prevent leakage and misuse of the patient health records is strengthening the growth of the market. In line with this, the rising employment of community cloud in the banking sector to manage sensitive customer information and applicable monetary transactions is offering lucrative growth opportunities to industry investors. Besides this, increasing preferences for sustainable environmental solutions among the masses around the world is propelling the growth of the market. In addition, the escalating demand for high performance with low infrastructure costs in businesses is bolstering the growth of the market. Moreover, governing agencies of various countries are undertaking initiatives for encouraging companies to adopt community cloud in the private and public sectors, which is supporting the growth of the market. Furthermore, the rising need for single regulatory compliance and network security standard is impelling the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global community cloud market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on component, application, and industry vertical.
Component Insights:
Hardware
Server
Networking
Storage
Others
Software
Enterprise Application Software
Collaboration Tools Software
Dashboards Business Intelligence Software
Services
Training Services
Maintenance and Support
Regulation and Compliance
Consulting
The report has provided a detailed breakup and analysis of the community cloud market based on the component. This includes hardware (server, networking, storage, and others); software (enterprise application software, collaboration tools software, and dashboards business intelligence software); and services (training services, maintenance and support, regulation and compliance, and consulting). According to the report, hardware represented the largest segment.
Application Insights:
Cloud-Based Storage
Cloud Backup and Recovery
Cloud Security and Data Privacy
High Performance Computation
Analytics and Web-Based Applications
A detailed breakup and analysis of the community cloud market based on the application has also been provided in the report. This includes cloud-based storage, cloud backup and recovery, cloud security and data privacy, high performance computation, and analytics and web-based applications.
Industry Vertical Insights:
BFSI
Gaming
Government
Healthcare
Education
Others
A detailed breakup and analysis of the community cloud market based on the industry vertical has also been provided in the report. This includes BFSI, gaming, government, healthcare, education, and others. According to the report, BFSI accounted for the largest market share.
Regional Insights:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for community cloud. Some of the factors driving the North America community cloud market included the growing adoption in the education sector to store content efficiently, rising demand for safe and secure solutions, increasing need to reduce workload of information technology (IT) department, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global community cloud market. Detailed profiles of all major companies have been provided. Some of the companies covered include Google LLC (Alphabet Inc.), International Business Machines Corporation, Microsoft Corporation, Salesforce Inc., Society for Worldwide Interbank Financial Telecommunication, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
How has the global community cloud market performed so far, and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global community cloud market?
What is the impact of each driver, restraint, and opportunity on the global community cloud market?
What are the key regional markets?
Which countries represent the most attractive community cloud market?
What is the breakup of the market based on the component?
Which is the most attractive component in the community cloud market?
What is the breakup of the market based on the application?
Which is the most attractive application in the community cloud market?
What is the breakup of the market based on the industry vertical?
Which is the most attractive industry vertical in the community cloud market?
What is the competitive structure of the global community cloud market?
Who are the key players/companies in the global community cloud market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Community Cloud Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Hardware
6.1.1 Market Trends
6.1.2 Key Segments
6.1.2.1 Server
6.1.2.2 Networking
6.1.2.3 Storage
6.1.2.4 Others
6.1.3 Market Forecast
6.2 Software
6.2.1 Market Trends
6.2.2 Key Segments
6.2.2.1 Enterprise Application Software
6.2.2.2 Collaboration Tools Software
6.2.2.3 Dashboards Business Intelligence Software
6.2.3 Market Forecast
6.3 Services
6.3.1 Market Trends
6.3.2 Key Segments
6.3.2.1 Training Services
6.3.2.2 Maintenance and Support
6.3.2.3 Regulation and Compliance
6.3.2.4 Consulting
6.3.3 Market Forecast
7 Market Breakup by Application
7.1 Cloud-Based Storage
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Cloud Backup and Recovery
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Cloud Security and Data Privacy
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 High Performance Computation
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Analytics and Web-Based Applications
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Industry Vertical
8.1 BFSI
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Gaming
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Government
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Healthcare
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Education
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 Drivers, Restraints, and Opportunities
10.1 Overview
10.2 Drivers
10.3 Restraints
10.4 Opportunities
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Google LLC (Alphabet Inc.)
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 SWOT Analysis
14.3.2 International Business Machines Corporation
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Microsoft Corporation
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Salesforce Inc.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Society for Worldwide Interbank Financial Telecommunication
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 SWOT Analysis
Figure 1: Global: Community Cloud Market: Major Drivers and Challenges
Figure 2: Global: Community Cloud Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Community Cloud Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Community Cloud Market: Breakup by Component (in %), 2022
Figure 5: Global: Community Cloud Market: Breakup by Application (in %), 2022
Figure 6: Global: Community Cloud Market: Breakup by Industry Vertical (in %), 2022
Figure 7: Global: Community Cloud Market: Breakup by Region (in %), 2022
Figure 8: Global: Community Cloud (Hardware) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Community Cloud (Hardware) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Community Cloud (Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Community Cloud (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Community Cloud (Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Community Cloud (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Community Cloud (Cloud-Based Storage) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Community Cloud (Cloud-Based Storage) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Community Cloud (Cloud Backup and Recovery) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Community Cloud (Cloud Backup and Recovery) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Community Cloud (Cloud Security and Data Privacy) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Community Cloud (Cloud Security and Data Privacy) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Community Cloud (High Performance Computation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Community Cloud (High Performance Computation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Community Cloud (Analytics and Web-Based Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Community Cloud (Analytics and Web-Based Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Community Cloud (BFSI) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Community Cloud (BFSI) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Community Cloud (Gaming) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Community Cloud (Gaming) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Community Cloud (Government) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Community Cloud (Government) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Community Cloud (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Community Cloud (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Community Cloud (Education) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Community Cloud (Education) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Community Cloud (Other Industry Verticals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Community Cloud (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: North America: Community Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: North America: Community Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: United States: Community Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: United States: Community Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Canada: Community Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Canada: Community Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Asia-Pacific: Community Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Asia-Pacific: Community Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: China: Community Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: China: Community Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Japan: Community Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Japan: Community Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: India: Community Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: India: Community Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: South Korea: Community Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: South Korea: Community Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Australia: Community Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Australia: Community Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Indonesia: Community Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Indonesia: Community Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Others: Community Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Others: Community Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Europe: Community Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Europe: Community Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Germany: Community Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Germany: Community Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: France: Community Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: France: Community Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: United Kingdom: Community Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: United Kingdom: Community Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Italy: Community Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Italy: Community Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Spain: Community Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Spain: Community Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Russia: Community Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Russia: Community Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Others: Community Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Others: Community Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Latin America: Community Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Latin America: Community Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Brazil: Community Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Brazil: Community Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Mexico: Community Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Mexico: Community Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Others: Community Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Others: Community Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Middle East and Africa: Community Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Middle East and Africa: Community Cloud Market: Breakup by Country (in %), 2022
Figure 84: Middle East and Africa: Community Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Global: Community Cloud Industry: Drivers, Restraints, and Opportunities
Figure 86: Global: Community Cloud Industry: Value Chain Analysis
Figure 87: Global: Community Cloud Industry: Porter's Five Forces Analysis
Table 1: Global: Community Cloud Market: Key Industry Highlights, 2022 & 2028
Table 2: Global: Community Cloud Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 3: Global: Community Cloud Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Community Cloud Market Forecast: Breakup by Industry Vertical (in Million US$), 2023-2028
Table 5: Global: Community Cloud Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Community Cloud Market: Competitive Structure
Table 7: Global: Community Cloud Market: Key Players
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