Community Cloud Market Size To Reach $39.03 Billion By 2030

Community Cloud Market Growth & Trends

The global community cloud market size is anticipated to reach USD 39.03 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 29.2% from 2024 to 2030. The increasing demand for cost-effective and secure cloud computing solutions is driving this growth. Community clouds offer a shared infrastructure model where multiple organizations with similar requirements can pool their resources, resulting in cost savings through economies of scale. It appeals to small and medium-sized enterprises (SMEs) and organizations with constrained IT budgets, enabling them to access advanced cloud services without the significant investment required for private cloud infrastructure.

The COVID-19 pandemic positively impacted the community cloud industry. The switch to remote work and virtual collaboration prompted by the pandemic accelerated the demand for cloud-based solutions, including community clouds. Organizations needed scalable and accessible platforms to remotely access applications, data, and collaboration tools. It led to increased adoption of community clouds that offer secure and collaborative environments for distributed workforces.

The rise of industry-specific regulations and compliance requirements is fueling the market growth. Many industries, such as healthcare, finance, government, and others, have stringent regulations governing the handling and protection of sensitive data. These regulations often mandate specific security measures, data encryption standards, access controls, and audit trails to ensure data confidentiality, integrity, and availability.

Moreover, global data protection regulations, such as the General Data Protection Regulation (GDPR) in Europe and the California Consumer Privacy Act (CCPA) in the U.S., have promoted the importance of regulatory compliance for organizations operating in multiple jurisdictions. Community clouds offer a platform where organizations can centralize data management, implement standardized security controls, and demonstrate compliance with diverse regulatory requirements across different regions and markets.

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Community Cloud Market Report Highlights

• Based on component, the hardware segment accounted for the largest revenue share of 66.0% in 2023 and is expected to retain its position over the forecast period. This can be attributed to the organization's compliance and security requirements. The software segment is expected to witness the fastest growth.

• Based on application, the cloud-based storage segment dominated the market in 2023 and is expected to grow at a significant CAGR over the forecast period. This can be attributed to the increasing volume of data generated by businesses and individuals.

• Based on end-use, the IT & telecommunication segment is anticipated to grow at the fastest CAGR from 2024 to 2030, owing to the increasing demand for scalable and flexible IT infrastructure offered by the community cloud.

• In April 2021, Varonis Systems, Inc. launched its data protection platform to support Microsoft's U.S. Government Community Cloud and U.S. Government Community Cloud High environments. The platform enables federal agencies, government contractors, and organizations handling DoD-controlled unclassified information (CUI) to transition to Microsoft's cloud with enhanced data protection capabilities.

Community Cloud Market Segmentation

Grand View Research has segmented the global community cloud market based on component, application, end-use, and region:

Community Cloud Component Outlook (Revenue, USD Million, 2018 - 2030)

• Hardware

  • Networking

  • Storage

  • Server

• Software

  • Enterprise Applications Software

  • Business Intelligence & Dashboard

  • Collaboration Tool Software

• Services

Community Cloud Application Outlook (Revenue, USD Million, 2018 - 2030)

• Cloud-based Storage

• Cloud Backup and Recovery

• Cloud Security and Data Privacy

• Others

Community Cloud End-use Outlook (Revenue, USD Million, 2018 - 2030)

• BFSI

• Healthcare

• Education

• Government

• IT & Telecommunication

• Others

Community Cloud Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • UK

  • Germany

  • Italy

  • France

  • Spain

  • Netherlands

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East & Africa

  • UAE

  • Saudi Arabia

  • South Africa

List of Key Players in the Community Cloud Market

• Cisco Systems, Inc.

• Cloud4C

• Hewlett Packard Enterprise Development LP

• IBM Corporation

• Microsoft

• Salesforce, Inc.

• CTRLS Datacenters Ltd.

• phoenixNAP

• Akamai Technologies

• Amazon Web Services, Inc.

• Atos SE

• Broadcom

• Dell, Inc.

• Google, Inc.

• FourNet