Anticipated 32.20% CAGR Growth for the Community Cloud Market by 2028, as Foreseen by IMARC Group

IMARC Group, a leading market research company, has recently released a report titled "Community Cloud Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The study provides a detailed analysis of the industry, including the Global community cloud market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big is the Community Cloud Market?

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.

What is Community Cloud?

A Community Cloud is a customized cloud computing environment designed for a specific set of organizations or businesses that share common objectives and requirements. It encompasses several phases such as planning, construction, administration, security, and enhancement, ultimately creating a cooperative platform that promotes productivity and cooperation. In today's realm of shared resources and teamwork, the Community Cloud plays a crucial role in modern information technology.

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Community Cloud Industry Trends, Demand and Growth Drivers:

The global community cloud market is experiencing significant growth due to several key factors. One of the primary drivers is the increasing emphasis on digital transformation and the widespread adoption of scalable, tailored computing solutions. This trend has led to the recognition of community clouds as vital solutions for organizations looking to make the most of shared infrastructure and applications, thereby contributing significantly to the market's expansion.

Furthermore, continuous advancements in cloud computing technologies have paved the way for community clouds that offer enhanced security, interoperability, and flexibility. These improvements are further boosting market growth. Organizations are increasingly focused on reducing costs, fostering collaboration, and adhering to industry-specific compliance standards, making community clouds an appealing choice. This, in combination with the growing awareness among businesses about the advantages of shared and customized cloud solutions, is stimulating market growth.

The market is also benefiting from increasing demand across various sectors, including healthcare, government, education, and finance, where collaborative and cost-effective cloud solutions are in high demand. Additionally, the market is being propelled by the necessity to comply with regulations related to data privacy, quality standards, and industry-specific requirements.

Investments in research to develop innovative community cloud services and the emergence of specialized companies in the community cloud technology field are further accelerating market expansion on a global scale.

Who are the Key Players Operating in the Community Cloud Market?

The report has also provided a comprehensive analysis of the competitive landscape in the global community cloud market. Some of the companies covered include

• Google LLC (Alphabet Inc.)
• International Business Machines Corporation
• Microsoft Corporation
• Salesforce Inc.
• Society for Worldwide Interbank Financial Telecommunication

Market Segmentation:

The 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

Application Insights:

• Cloud-Based Storage
• Cloud Backup and Recovery
• Cloud Security and Data Privacy
• High Performance Computation
• Analytics and Web-Based Applications

Industry Vertical Insights:

• BFSI
• Gaming
• Government
• Healthcare
• Education
• Others

Regional Insights:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Ask Analyst for Customization and Explore Full Report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=8200&flag=C

 Key Highlights of The Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Browse More Related Report:

Global Personal Cloud Market to Grow at 18.72% During 2023-2028: https://www.imarcgroup.com/personal-cloud-market

Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.