Need for operational efficiency and control coupled by the rising trend of deregulating the utility industry drives the demand for the personal cloud market
SMBs, as well as large enterprises, require cloud solutions and services to store, sync, share files, documents, and photos. Additionally, it offers convenient and fast access to data, resulting in its widespread reputation among the population. It is expected that the global personal cloud market size is anticipated to reach USD 68 billion by 2025. The increasing distresses of space restrictions on the devices to store digital content, documents, and other data has led to the growing demand for personal cloud among the tech-savvy individuals
The industry players within the personal cloud industry have set up new standards for enterprises as well as individuals to employ the cloud computing services by delivering ease of use and enhanced user experience. Bring Your Device (BYOD), a trend that is adopted by various organizations is gaining acceptance to minimize the costs associated with setting up the devices. Moreover, the personal cloud enables businesses to store data within a centralized location and allows their employees to access the data according to their convenience.
Based on the type segment, the market is bifurcated into two sub-segments that are direct, and indirect. In 2019, the direct segment gathered the highest market revenue and it is anticipated to govern the personal cloud market throughout the forecast period. However, the indirect segment is anticipated to grow at a substantial growth rate over the forecast period. The major share of indirect revenue is likely to come from the North American region, owing to a wide application of electronic components within the region.
The report also throws light on various aspects of the global personal cloud by assessing the market using value chain analysis. The report covers several qualitative aspects of the personal cloud industry in market drivers, market restraints and key industry trends. Furthermore, the report provides an in-depth assessment of the market competition with company profiles of global as well as local vendors.
The global personal cloud market has strong competition among the well-established and new emerging players. These market players target to gain a competitive advantage over the other players by participating in partnerships, mergers, and acquisitions and expanding their businesses.
The global personal market is a wide range to North America, Europe, APAC, South America, and the Middle East & Africa. North America is considered a mature market in the personal cloud storage, owing to an outsized presence of an organization with the availability of technical expertise and advanced IT infrastructure. The US and Canada are the highest contributory countries to the expansion of the personal cloud market in North America.
The major players of the global personal cloud market are Google, Microsoft, Apple, AWS, Dropbox, Box, Seagate, Western Digital, Synchronoss, Egnyte, Buffalo Technology, Funambol, SugarSync, D-Link. The personal cloud market is fragmented with the existence of well-known global and domestic players across the globe.
Segment Overview of Global Internet of Things (IoT) in Retail Market
Revenue Type Overview, 2018-2025 (USD Billion)
End-User Overview, 2018-2025 (USD Billion)
Regional Overview, 2018-2025 (USD Billion)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- South America
- Rest of South America