Global Community Cloud Market Expected to Reach USD 68.2 Billion by 2033 - IMARC Group

December 16, 2024 | Technology & Media

Global Community Cloud Market Statistics, Outlook and Regional Analysis 2025-2033

The global community cloud market size was valued at USD 7.3 Billion in 2024, and it is expected to reach USD 68.2 Billion by 2033, exhibiting a growth rate (CAGR) of 26.71% from 2025 to 2033.

Community Cloud Market

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The global community cloud market is primarily driven by the increasing need for secure and scalable data storage solutions tailored to collaborative industries and organizations. As businesses prioritize data privacy and compliance with industry-specific regulations, the demand for community cloud platforms is accelerating. These solutions offer a shared infrastructure that supports resource pooling and cost efficiency while ensuring robust security protocols. Organizations in sectors such as healthcare, banking, and government are adopting community clouds to enhance data governance and streamline operations without compromising on compliance standards. On 25th September 2024, PSB Alliance Private Limited, established by 12 public sector banks including SBI, PNB, and Bank of Baroda, joined Amazon Web Services (AWS) India to obtain cloud computing solutions. The adoption of AWS Community Cloud Services by these banks would be managed through Orient Technologies and Hitachi Systems. This allows for the design of safe, scalable infrastructures for AI and ML that support innovation, more personal customer experience, and more rapid service delivery without needing individual procurement processes. Additionally, the flexibility of community cloud services allows enterprises to customize infrastructure according to their unique operational needs, further fueling their adoption.

Along with this, the rise in digital transformation and advancements in cloud technology, have significantly impacted industries globally. Community cloud platforms enable seamless collaboration and data sharing among organizations with similar objectives, fostering innovation and operational efficiency. On 31st January 2024, Community Health Systems, Inc. finalized migration to a centralized FHIR-based clinical data platform with Google Cloud and now continues to deploy generative AI solutions. The FHIR standard is designed to make possible a seamless exchange of healthcare data between systems, thus improving its accessibility and better understanding of clinical and operational metrics for healthcare providers. With the proliferation of big data, AI, and IoT applications, these platforms provide the necessary infrastructure for managing large-scale, complex datasets effectively. The growing emphasis on cost optimization, coupled with the ability to share IT resources, appeals to organizations aiming to achieve higher efficiency without incurring substantial expenditures. These trends, combined with expanding cloud adoption across emerging markets, are propelling the growth of the community cloud market.

Global Community Cloud Market Statistics, By Region

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share on account of its advanced technological infrastructure, regulatory support, and high adoption across industries such as healthcare and finance. The region's focus on digital transformation and cutting-edge technologies including AI and IoT further strengthens its market position.

North America Community Cloud Market Trends:

North America holds the largest share of the market, driven by the region's advanced technological infrastructure and high adoption rates of cloud computing. The presence of leading cloud service providers and a robust regulatory framework supporting data privacy and security contribute to the market's dominance. On 11th December 2024, a North American data center leader, Cologix partnered with Coevolution Inc. to enhance the deployment of GPU-as-a-Service (GPUaaS) in its VAN3 data center located in Vancouver, Canada. The improved facility offers twice the capacity for servers and allows scalable, high-performance GPU computing for AI applications in Canada, the U.S., Japan, and South Korea. Through this collaboration, low-latency, robust connectivity enables customers to innovate in AI without the limitations of infrastructure. Industries such as healthcare, finance, and government in North America increasingly rely on community cloud platforms to meet stringent compliance requirements while enhancing collaboration and efficiency. Furthermore, the growing adoption of cutting-edge technologies such as artificial intelligence (AI) and the Internet of Things (IoT) is fueling demand for scalable and secure cloud solutions. Strong investments in R&D and widespread digital transformation initiatives further enhance the region's leadership in the community cloud market.

Asia Pacific Community Cloud Market Trends:

The Asia Pacific community cloud market is growing rapidly, driven by increasing digital transformation initiatives and widespread adoption of cloud technologies. Countries such as China, India, and Japan are investing heavily in cloud infrastructure to support sectors such as manufacturing, healthcare, and finance. Rising internet penetration and government support for data security further enhance market growth. Additionally, the region's growing tech-savvy population fosters innovation and collaboration, making it a lucrative market for community cloud providers.

Europe Community Cloud Market Trends:

Europe's community cloud market is fueled by stringent data protection regulations such as GDPR, which compel organizations to adopt secure and compliant cloud solutions. Countries such as Germany, the UK, and France are leading adopters, leveraging community clouds to enhance operational efficiency in healthcare, banking, and public sectors. The region's emphasis on sustainability and green IT practices also contributes to the demand for shared, resource-efficient cloud platforms that align with environmental goals.

Latin America Community Cloud Market Trends:

The Latin American community cloud market is expanding due to increased digitalization and cloud adoption across industries. Countries such as Brazil and Mexico are key contributors, investing in technology to drive efficiency in public and private sectors. The growing need for cost-effective IT solutions and enhanced data sharing capabilities makes community clouds appealing to enterprises. Furthermore, government initiatives to modernize infrastructure and improve cybersecurity drive market growth in this emerging region.

Middle East and Africa Community Cloud Market Trends:

The Middle East and Africa community cloud market is gaining momentum as organizations increasingly adopt cloud solutions to overcome infrastructural challenges. Countries such as the UAE and South Africa are investing in cloud technologies to support economic diversification and digital transformation efforts. Community clouds offer scalable and secure solutions tailored to industries such as oil and gas, healthcare, and education. The rising focus on regional collaboration and technological innovation further drives adoption in this region.

Top Companies Leading in the Community Cloud Industry

Some of the leading community cloud market companies include Google LLC (Alphabet Inc.), International Business Machines Corporation, Microsoft Corporation, Salesforce Inc., Society for Worldwide Interbank Financial Telecommunication, among others. On 24th April 2024, IBM agreed to purchase HashiCorp Inc. in cash for USD 35 a share, valuing the company at USD 6.4 billion. HashiCorp helps organizations manage their infrastructure and security across a hybrid and multi-cloud world with solutions for Infrastructure and Security Lifecycle Management. The deal falls into the strategic focus of IBM, which is on hybrid cloud and AI technologies.

Global Community Cloud Market Segmentation Coverage

  • On the basis of the component, the market has been categorized into hardware (server, networking, storage, and others); software (enterprise application software, collaboration tools software, and dashboards business intelligence software); and services (training services, maintenance and support, regulation and compliance, and consulting), wherein hardware represents the leading segment. This can be attributed to the need for robust infrastructure to support high-performance cloud operations. Servers, storage systems, and networking equipment are essential for building secure and scalable community cloud platforms. The growing deployment of edge computing and IoT devices further increases demand for advanced hardware solutions. Additionally, organizations investing in dedicated data centers to ensure enhanced data processing and compliance contribute significantly to the prominence of the hardware segment.
  • Based on the application, the market is classified into cloud-based storage, cloud backup and recovery, cloud security and data privacy, high performance computation, and analytics and web-based applications. Cloud-based storage enables businesses to store and access vast amounts of data efficiently, offering flexibility, scalability, and cost-effectiveness for growing data needs. On the other hand, the cloud backup and recovery segment ensures data safety through automated backups and rapid recovery solutions, minimizing risks associated with data loss or system failures. With rising cyber threats, cloud security and data privacy focus on providing robust encryption and compliance tools to safeguard sensitive information and maintain regulatory standards. In addition, high-performance computation supports complex processes such as simulations, AI training, and real-time analytics, meeting the needs of data-intensive industries. Moreover, analytics and web-based applications drive actionable insights through data analytics and enhance user experiences via dynamic, web-based application frameworks.
  • On the basis of the industry vertical, the market has been divided into BFSI, gaming, government, healthcare, education, and others. Among these, BFSI accounts for the majority of the market share due to its critical need for secure and compliant data management solutions. Community clouds enable financial institutions to meet regulatory requirements while facilitating seamless collaboration and operational efficiency. These platforms also support secure transactions, fraud detection, and risk management through advanced analytics and scalable infrastructure. And as digitalization of banking and insurance services continues to advance, the propensity for adopting community clouds for data privacy is determined to be cost-effective solutions to deliver better service.

 

Report Features Details
Market Size in 2024 USD 7.3 Billion
Market Forecast in 2033 USD 68.2 Billion
Market Growth Rate 2025-2033 26.71%
Units Billion USD
Scope of the Report Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: 
  • Component
  • Application
  • Industry Vertical
  • Region
Components Covered
  • 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
Applications Covered Cloud-Based Storage, Cloud Backup and Recovery, Cloud Security and Data Privacy, High Performance Computation, Analytics and Web-Based Applications
Industry Verticals Covered BFSI, Gaming, Government, Healthcare, Education, Others
Regions Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Google LLC (Alphabet Inc.), International Business Machines Corporation, Microsoft Corporation, Salesforce Inc., Society for Worldwide Interbank Financial Telecommunication, etc.
Customization Scope 10% Free Customization
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Community Cloud Market Expected to Reach USD 68.2 Billion by 2033 - IMARC Group
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