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.
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. Along with it, many government offices across the globe are spending significant amount on the adoption of these technologies.
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For instance, agencies and government organizations such as Australian Taxation Office (ATO) and General Service Administration (GSA) have already started investment and use of commodity cloud technology. Thus, the adoption of the community cloud technology is expected to increase in coming years. The community cloud technologies are developed with the use of cloud computing technologies. Increasing need for single regulatory and network security norm across the globe is significant factor for the growth of this market.