Can Community Cloud Empower Your Business with Matchless Solutions?

17 Jan
2024

 
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Over the past few years, cloud computing has transformed how organizations store, manage, and process data. Among various cloud services, community cloud has emerged as a promising solution for organizations or communities to share their resources and services concerning regulatory compliance, industry standards, and security requirements. This article includes how the latest advancements in community cloud technology revolutionize organizations to scale their businesses and the participation of leading players in shaping the industry.   

How the advancements in community cloud technology are benefiting organizations? 

These days, data security has become an emerging concern across organizations. The generation of vast amounts of data every day, owing to rapid digitization, has increased the risks of various security-related threats. To mitigate such risks, many community cloud solution providers have started focusing on strengthening security measures to address the growing concerns regarding data breaches and cybersecurity threats. Cloud technology can provide advanced encryption algorithms and authentication mechanisms that can help enterprises and businesses safeguard their sensitive information and protect them from potential security risks.   

Furthermore, the integration of modern technologies such as artificial intelligence and machine learning with cloud technology can help enterprises with improved decision-making processes and enable them to automate routine tasks. They can enable organizations to analyze large datasets, extract meaningful insights, and automate decision-making processes. This advancement can be beneficial for industries dealing with a huge set of data daily, such as retail, finance, telecommunication, and more. Moreover, the integration of the Internet of Things in cloud environments can allow businesses to manage and analyze a huge set of data generated by IoT devices. It can be highly favorable for manufacturing and smart city operating companies. In addition, many cloud-based solution providers also aim to help businesses with enhanced scalability by allowing them to allocate resources and handle increased workloads efficiently. 

Future insights into the industry: 

Owing to the rising demand for infrastructures with high performance and low latency and the growing need to reduce the number of servers and increase green computing, the global community cloud market is expected to witness significant growth in the upcoming years. Moreover, the increasing demand for data security, compliance, and data redundancy can fuel the industry with excellent opportunities. Based on the application, the cloud-based storage segment is predicted to generate a revenue of $2.279.4 million during 2022-2032. While analyzing country-wise performance, India is expected to manifest a noteworthy CAGR of 43.2% over the estimated timeframe. 

Acquisitions of leading players in the industry: 

Many renowned companies in the industry have undergone a series of mergers and acquisitions to foster the competitive landscape. A notable instance is the acquisition of Itoc, an Australian-based provider of cloud-managed services, by Thoughtworks Inc., a leading global technology consultancy. This acquisition would strengthen the cloud-based services and platforms of Thoughtworks in Australia by enhancing its capabilities with business transformation, Saas, and cloud engineering-based solutions.     

Another instance is the acquisition of Mandiant, a leader in cyber defense, by Google to transform security operations across organizations and enable them to optimize their incident response. 

In conclusion, the industry is experiencing swift growth owing to the rising demand for secure and compliant cloud solutions among organizations globally. Moreover, the supportive government�s measures to encourage the use of community cloud technology in public and private sectors can bring new possibilities in the coming years. 

 
Koyel Ghosh

Koyel Ghosh

Author’s Bio- Koyel Ghosh is a blogger with a strong passion and enjoys writing in miscellaneous domains, as she believes it lets her explore a wide variety of niches. She has an innate interest in creativity and enjoys experimenting with different writing styles. A writer who never stops imagining, she has been serving the corporate industry for the last five years.

 
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