December 27, 2013 05:30 ET

Community Cloud Market Worth $ 2.49 Billion by 2018 Forecasted in MarketsandMarkets Recent Report

DALLAS, TEXAS--(Marketwired - Dec. 27, 2013) - The report "Community Cloud Market (By Components [Server, Storage Devices, Network Equipments], By Verticals [Healthcare, Finance, Government, Transport and Logistics, Gaming, Education]) - Global Advancements, Market Forecasts and Analysis (2013 - 2018)" by MarketsandMarkets, defines and segments the global Community Cloud Market into various sub-segments with in-depth analysis and forecasting of revenues.

Browse 105 market data tables and 19 figures spread through 204 pages and in-depth TOC on "Community Cloud Market"

MarketsandMarkets has segmented the global Community Cloud Market by type of hardware technologies: server, storage devices and network equipments; software technologies: enterprise applications, business intelligence and dashboard; by type of professional services: regulation and compliance management, customer/public portal, training support, maintenance support, consulting support, others; by type of applications: cloud backup and recovery, cloud-based storage, cloud security and data privacy, HPC and analytics, web-based applications; by type of verticals: government, BFSI, healthcare, transportation and logistics, gaming, academia and education and others; by regions: North America (NA) as United States (US) and Rest of NA; Asia Pacific (APAC) as China, Japan, Singapore, Australia, India and Rest of APAC; Europe (EU) as United Kingdom (UK), Italy and Rest of EU; Middle East and Africa (MEA) and Latin America (LA) as Brazil and Rest of LA.

MarketsandMarkets observes that the increasing IT budgets, technological advancements and economic conditions has lead enterprises and local governments, to look along the cost control measures in traditional IT network and maintenance. Hence, even though the adoption of the community cloud model is relatively slow due to trust and security issues, these solutions are expected to grow steadily and have a pervasive existence across all major verticals.

The Community Cloud Market is estimated to grow from $566.1 million in 2013 to $2.49 billion in 2018. This represents a Compounded Annual Growth Rate (CAGR) of 34.5% from 2013 to 2018. In terms of regions, North America is expected to be the biggest market in terms of revenue contribution, while the European region is expected to experience increased market traction, in the due course.

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