ID: MRFR/ICT/5576-HCR | February 2021 | Region: Global | 100 pages
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%.
Personal cloud is miniature cloud storage like public cloud and private cloud. Personal cloud is easy to set-up and is far cheap than the enterprise level public and private cloud. The major characteristic of personal cloud is that it is used for personal document, and file storage. These files can be accessed from the internet at any location. The major factors driving the personal cloud market are increased need for additional storage in consumer electronic devices, need for disaster recovery planning. Personal cloud is can be segmented as online cloud, network attached storage cloud, and server device cloud. Google Drive, and Dropbox are one of the leading personal cloud services. Its services are available free for a certain storage limit, and later is charged to use the storage.
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.
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.
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.
Global Personal Cloud Market, USD Billion
Source: MRFR Analysis
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.
Frequently Asked Questions (FAQ) :
The revenue types covered in the report include direct and indirect.
China, Japan, and Korea are backing the market growth in APAC.
The growth rate that the market can attain in the ensuing years is 44.3%.
The market value by the end of the appraisal timeframe can be USD 126 billion.
The prime vendors in the market for personal cloud across the globe are Seagate Technology PLC (US), Google LLC (US), Box Inc (US), Egnyte (US), Dropbox Inc (US), Microsoft Corporation (US), Melco Holdings Inc (Japan), Western Digital, Sugarsync (US), Amazon Web Services Inc (US), Apple Inc (US), and others.