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Market Highlights:

Personal cloud is used to store, transfer, and share data using internet from any location. Personal cloud is an offering from cloud-based services that enables the individuals and small enterprises to develop a self-hosted personal cloud. The increased use of internet and cloud-based applications further contributes towards the growth of personal cloud market. Moreover, the small and medium enterprises adopt server cloud and NAS cloud storage to reduce the cost of network maintenance and improve overall network efficiency.

The cloud is generally a network of servers connected that enable the user to transfer data, securely store the data, and make edits online and store on a cloud. Personal cloud eliminates the need for additional hardware storage on the devices. Various device manufacturers are making partnership with cloud vendors to provide pre-installed storage service to customers and see it as a growing business opportunity. However, the lack of awareness about network connectivity, and prevalence of data security applications are refraining the market growth.

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Major Global Competitors

The key players in the personal cloud market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are — Apple Inc (US), Microsoft Corporation (US), Google LLC (US), Box Inc (US), Amazon Web Services Inc (US), Seagate Technology PLC (US), Dropbox Inc (US), Egnyte (US), Melco Holdings Inc (Japan), Sugarsync (US), and Western Digital. These players contribute a major proportion towards market growth.

Apart from the top key players, the other players contribute nearly 30–35 % in the personal cloud market. These include Funambol Inc (US), F-Secure Corporation (Finland), Synchronoss Technologies Inc (US), SpiderOak Inc (US), Mega Ltd (New Zealand), D-Link Corporation (Taiwan), ElephantDrive (US), Mozy Inc (US), Dell Technologies Inc (US), Just cloud.com (UK), and others.

The global Personal Cloud Market was valued at USD 14.51 billion in 2017 and is expected to reach USD 125.92 billion by the end of the forecast period with a CAGR of 44.3%.

Segmentation

The global personal cloud market is segmented into cloud type, revenue type, user type, hosting type, and region.

By cloud type, the personal cloud market is segmented into online cloud, NAS cloud, server cloud, home-made cloud.

By revenue type, the personal cloud is segmented into direct revenue, and indirect revenue.

By user type, the personal cloud market is segmented into individual, small business, medium business.

By hosting type, the personal cloud market is segmented into providers’ hosting, users’ hosting.

By region, the personal cloud market is segmented into North America, Europe, Asia-Pacific, and rest of the world.

Regional analysis

The global market for personal cloud is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of personal cloud market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America).

Among the regions mentioned above, North America is dominating the personal cloud market during the forecast period. The major growth factor for North America is the increased demand for on-the go storage. As the technology develops, various consumer electronic devices such as smartphones are running out of device storage. This leads the manufacturers to integrate personal cloud services to store images, videos and other documents. Apple Inc, one of the, leading smartphone manufacturer in the globe generated most of its revenue from the US and offers Apple Cloud services to its users. Moreover, owing to the high-speed internet services in the US and Canada, it gets easier for the enterprises and individuals to transfer data over the personal cloud without any hassle.

On the other hand, various countries in the Asia-Pacific region are growing with a high pace. China, Japan, and Korea are among the countries with high broadband internet. Moreover, higher penetration of the data centers and cloud servers is encouraging the end-users to use personal cloud. Although the companies initially offer free personal cloud space up to certain limit, they later charge a monthly or annual fee to use the cloud storage.

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Intended Audience

  • Application Developer
  • System integrators
  • Consultancy firms
  • Data integration service providers
  • Managed services providers
  • Cloud Infrastructure Services Providers
  • Cloud Service providers
  • IT software platform providers
  • Web Hosting Service providers
  • Storage service providers
  • Enterprise Resource Software providers
  • Banking and Insurance service providers
  • Cloud-based research and development companies
  • Cloud-based business process service providers
  • Software application providers
  • Network storage providers

LIST OF TABLES

Table 1 Personal Cloud Market, by Region, 2018–2023

Table 2 North America: Personal Cloud Market, by Country, 2018–2023

Table 3 Europe: Personal Cloud Market, by Country, 2018–2023

Table 4 Asia-Pacific: Personal Cloud Market, by Country, 2018–2023

Table 5 Middle East & Africa: Personal Cloud Market, by Country, 2018–2023

Table 6 Latin America: Personal Cloud Market, by Country, 2018–2023

Table 7 Global Personal Cloud, Cloud Type Market, by Region, 2018–2023

Table 8 North America: Personal Cloud, Cloud Type Market, by Country, 2018–2023

Table 9 Europe: Personal Cloud, Cloud Type Market, by Country, 2018–2023

Table 10 Asia-Pacific: Personal Cloud, Cloud Type Market, by Country, 2018–2023

Continued…….

https://www.reuters.com/brandfeatures/venture-capital/article?id=72896