Community Cloud Market - Forecasts from 2018 to 2023
The community cloud market was valued at US$1.296 billion in 2017 and is projected to expand at a CAGR of 29.02% over the forecast period to reach US$5.978 billion by 2023. Community cloud market is expected to witness exponential growth over the forecast period. The demand for cloud solutions has been surging over the past few years. Different industries are increasingly adopting cloud solutions to remain competitive by cutting down on information technology infrastructure costs. Community cloud helps in further reduction of infrastructure cost as the cost incurred is shared among different stakeholders. Regulatory compliance, spending by governments towards community cloud solutions and demand arising from different industry verticals are some of the major factors propelling the growth of this market.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the community cloud value chain. Last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the community cloud market.
Major industry players profiled as part of the report are Dell EMC, Microsoft Corporation, IBM, and Cisco among others.
The community cloud market has been analyzed through following segments:
Backup and Recovery
Security and Data Privacy
By End User Industry
Travel and Transport/Logistics
Middle East and Africa
United Arab Emirates