London, 06 January 2015 – The emergence of cloud solutions has resulted in the unprecedented growth of the Global Community Cloud Market, which is expected to post a CAGR of 36.11 percent from 2014-2019.
Many organizations are investing in cloud solutions to improve their decision-making capability by storing, accessing and examining critical business data. These solutions provide a single source to visualize and analyze various data sources, thus allowing users to deal with queries without any assistance or technical guidance.
“Enterprises are investing in cloud solutions and adopting them at a very high rate. This will help them improve their process and profitability and will assist in driving the Global Community Cloud Market in the coming years,” says Faisal Ghaus, Vice President of TechNavio.
The latest report by TechNavio also emphasizes the increasing adoption of shared cloud systems, as organizations are looking for low-cost shared models in order to address growing data volume issues.
“Government organizations, especially in the US, have started investing in and adopting these solutions so that they can utilize a secure and scalable solution at a much lower cost than private and public cloud solutions,” says Ghaus.
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