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3. Community Cloud: The Fourth Wave for the Cloud Business Model

Globally, community cloud market has recently gained importance due to the increasing IT budget, security and regulatory compliance issues, requirement of high performance and low latency network infrastructure. Moreover, in industries such as healthcare, banking and finance exponential increase in customer data and transaction information demands for cost effective data storage, retrieval and computation services. Further, organizations are required to follow government compliance standards such as FISMA and HIPAA and community cloud model provides the multi-tenant service platform answering these requirements for several organizations.

In 2013, North America is expected to be the largest market for community cloud deployment model accounting for 35.71% of the global community cloud market in terms of market size. In 2013, United States (US) market size is expected to have been 27.77% percent of the global community cloud market size. All together community cloud market is expected to continue to increase at a steady pace during the next five years. MarketsandMarkets provides exhaustive revenue forecast and basic information from its latest research report. The "Community Cloud Market (By Components [Server, Storage Devices, Network Equipments]; By Verticals [Healthcare; Finance; Government, Transportation & Logistics; Gaming; Education]) - Global Advancements, Market Forecasts & Analysis (2013 - 2018)" report is now for sale.

According to the announcement of findings, BFSI, healthcare and government organizations are the major consumers of community cloud deployment model. Moreover to meet the customer expectation, tier one technology providers such as AWS, EMC, VMware, IBM, CSC, Microsoft, Amadeus, CA Technologies and many others are expected to collaborate and provide better competitive services to take advantage of this emerging cloud market model, thereby creating customizable stack services and applications that facilitate quicker customer adoption of the same.

Cloud-based storage services are expected to gain the higher attraction followed by high performance computation (HPC) and analytics applications in the global community cloud market. As the community cloud model provides same cloud technologies at a lower cost than the private cloud, MarketsandMarkets expects that SMBs will be adopting this model at a higher rate. MarketsandMarkets expects global community cloud market to reach $2.49 billion in 2018, at a CAGR 34.5%

https://www.marketsandmarkets.com/Market-Reports/community-cloud-market-1126.html

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