Global demand for high performance with low latency infrastructure is a significant driving factor for community cloud technology market. Along with it, achieving economies of scale by use of shared cost model, shared concerns for data redundancy, security and compliance, and green computing initiative for reducing number of servers are some of the factors leading to the adoption of community cloud technology market.
Security concerns toward the enterprise data in a shared environment is a restraining factor for the growth of this market. In coming years, government initiatives for adoption of community cloud technology in private and public sector and investment in cloud technology by research and education sector are expected to fuel the growth of this market.
During the last few years, cloud technology has gained tremendous importance leading to the rapid growth in use of cloud technology in various industry verticals. Industries manage and rely on huge amount of data for the quality performance and services. Shared cloud model is a new trend being followed by many companies.