ID: MRFR/ICT/7219-HCR | 111 Pages | Author: Ankit Gupta | September 2023
The Personal Cloud Storage Market is expected to register a CAGR of 19.30% during the review period, 2022–2030.
$59.8 Billion
19.30%
North America
2022-2030
The Personal Cloud Storage Market is expected to register a CAGR of 19.30% during the review period, 2022–2030.
Demand for efficient storage, increased frequency of data access, data sharing, usage of portable devices such as tablets and multimedia phones, cost-effective storage, and safety against data loss are expected to drive the market over the next few years. A low degree of awareness, credible security concerns, and a lack of funds are expected to restrain market growth. Delivering affordable and safe data storage is a challenge for cloud service providers.
The global personal cloud storage market has been segmented based on revenue type, user type, hosting type, and regions. The provider hosting type is expected to grow significantly and dominate the hosting type segment with a larger share than users hosting. Also, the individual user segment is attributed to have the highest revenue segment. However, small business deployment types would constitute the fastest CAGR during the forecast period.
Personal Cloud Storage Market Key Players:The Global Personal Cloud Storage Market is characterized by the presence of several regional and local providers. Some of the Key Players in the market are Amazon, Apple, Google, Seagate, Box, Microsoft, Dropbox, Engyte, Buffalo Technology, Sygarsync., Lima Technology, Gemalto, MEGA Ltd., D-Link Corporation, ElephantDrive, Mozy Inc., POLKAST LLC, and Dell among others.
Key Developments:
Personal Cloud Storage Market Regional Analysis:Geographically, the Global Personal Cloud Storage Market has been categorized into four regions, namely North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
North America dominates the personal cloud storage market owing to the advent of new technologies and increased awareness among the masses in the region. Along with North America, Europe is expected to show significant growth opportunities during the forecast period.
Asia-Pacific is estimated to grow rapidly with the highest CAGR and is expected to contribute immensely to the market revenue. The market in the Middle East and Africa is also expected to grow and its progress will rely heavily on the need for service agility and data security concerns. Similarly, the market in South America is expected to grow steadily over the forecast period.
Key Questions Addressed by the report
Report Attribute/Metric | Details |
---|---|
Market Size | USD 59.8 Billion |
CAGR | 19.30% (2022-2030) |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Historical Data | 2020 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | By Revenue Type, User Type |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Amazon, Apple, Google, Seagate, Box, Microsoft, Dropbox, Engyte, Buffalo Technology, Sygarsync., Lima Technology, Gemalto, MEGA Ltd., D-Link Corporation, ElephantDrive, Mozy Inc., POLKAST LLC, and Dell |
Key Market Opportunities | North America dominates the personal cloud storage market owing to the advent of new technologies and increased awareness among the masses in the region. Along with North America, Europe is expected to show significant growth opportunities during the forecast period. |
Key Market Drivers | The rise in data accessing frequency can bolster the expansion of the global mar |
The personal cloud storage market can thrive at 19.30% CAGR by 2030.
The personal cloud storage market can achieve a lucrative valuation by 2030.
POLKAST LLC, D-Link Corporation, MEGA Ltd., Mozy Inc., ElephantDrive, and Dell are some reputed organizations in the personal cloud storage market.
The rise in data accessing frequency can bolster the expansion of the global market of personal cloud storage.
Corporates in APAC are actively deploying cost-effective personal cloud storage solutions, which can prompt the regional personal cloud storage market growth.
Key Questions Answered
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