The North America Community Cloud Market would witness market growth of 28.0% CAGR during the forecast period (2024-2031).
The US market dominated the North America Community Cloud Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $10,331 million by 2031. The Canada market is experiencing a CAGR of 30.8% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 29.7% during (2024 - 2031).
Community cloud has been developed to satisfy specific community needs or set of organizations with similar goals, problems, or interests. Unlike public clouds, which serve a wide range of users, or private clouds, which are dedicated to a single organization, community clouds are tailored to meet the unique requirements of a particular community. This could include organizations within the same industry, government agencies, research institutions, or entities collaborating and sharing resources.
Additionally, providing a safe, scalable, and affordable platform for community collaboration, data sharing, and application hosting is the main objective of a community cloud. By pooling resources and infrastructure, community members can benefit from shared services, applications, and data while maintaining privacy, security, and control that meets their needs.
The widespread availability of Internet access in North America accelerates the adoption of community cloud solutions by facilitating remote work, enabling digital transformation, fostering collaboration, supporting scalability, and powering innovative applications across industries. According to the Mexican Institute of Telecommunications, over 130 million wireless lines were active in Mexico in 2022, and over 113 million had Internet connectivity. By the end of 2023, there should be more than 138 million active wireless lines.
Free Valuable Insights: The Community Cloud Market is Predict to reach USD 41.8 Billion by 2031, at a CAGR of 28.9%
Based on Component, the market is segmented into Hardware (Networking, Storage, and Server), Software (Enterprise Application Software, Business Intelligence & Dashboard, and Collaboration Tool Software), and Services. Based on Application, the market is segmented into Cloud-based Storage, Cloud Backup & Recovery, Cloud Security & Data Privacy, and Others. Based on End-use, the market is segmented into BFSI, Government, Healthcare, IT & Telecommunication, Education, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Component
By Application
By End-use
By Country
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