Global Personal Cloud Storage Market Research Report Information By Revenue Type (Direct Revenue, Indirect Revenue), User Type (Individual, Small Business, Medium Business), Hosting Type (Providers Hosting, Users Hosting), by Region (North America, Europe, Asia Pacific, Middle East, and Africa, South America) - Forecast till 2030

Personal Cloud Storage Market Snapshot:

Personal cloud storage market is a special form of cloud storage for home users to store and safe keep their personal data. Although personal cloud storage is specially designed for sharing photos, videos, and documents, the personal cloud often also provides streaming options for different multimedia files. The global personal cloud storage market is estimated to witness a gradual growth owing to the advent of modern technologies and innovations in the IT sector. The concept of cloud revolves around providing cloud storage to store data for residential users as the cloud storage is designed for storing and sharing data such as photos, documents, and videos.

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:

• October 2019: Microsoft introduced an extra layer of security to its Dropbox competitor, OneDrive. The security feature, called OneDrive Personal Vault, allows users to protect their files with two-step verification, like a fingerprint or facial recognition, PIN code or a one-time code sent through email, SMS or Microsoft Authenticator.

• January 2019: Seagate Technology Plc, a world leader in data solutions, announced an exciting extension of its portfolio with several new models, including new solid-state drive offerings. The new lineup of data storage solutions empower consumers to efficiently manage their video, photos, and documents, at home, in the office, or on-the-go

Personal Cloud Storage Market Segmentation:The Global Personal Cloud Storage Market has been segmented based on revenue Type, User Type, Hosting Type, and Region.

• By Revenue Type, the market has been segmented into direct revenue and indirect revenue.


• By User Type, the market has been divided into individual, small business and medium business.


• By Hosting Type, the market has been divided into providers hosting and users hosting.


• The regions included in the study are North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.

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

• What was the historic market size (2018)?


• What will be the growth rate by 2025?


• Who are the key players in this market?


• What are the strategies adopted by key players?

Report Scope:

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

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