Global Personal Cloud Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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MarketResearch.biz delivers in-depth insights on the global XYZ market in its upcoming report titled, “Global Personal Cloud Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027”. The global personal cloud market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global personal cloud market report has been segmented on the basis of technology, component, and application and regions.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
A personal cloud is a form of cloud storage for home users to store data such as photos, videos, documents. The personal cloud is mainly used for data storage by individuals, small business and large organization. Personal cloud is also called as personal cloud storage, mobile cloud storage and pocket cloud storage.
Increasing demand for cloud computing services is a major factor expected to drive growth of the global personal cloud market. In addition, increasing smartphone users and increasing subscriptions for social networking websites are other major factors expected to boost growth of the global personal cloud market over the forecast period. BYOD trend is expected to gain traction in the next 10 years in various verticals such as commercial/ organizational, educational institutes, and for payments at hotels, which in turn is expected to result in high demand for personal cloud and support growth of the global personal cloud market significantly.
However, high initial costs which is required to set up the personal cloud framework is a major factor expected to restrain growth of the global personal cloud market. In addition, less reach of the technology in underdeveloped regions is expected to hamper the market growth to a certain extent.
The market in North America accounted for highest revenue share in the global personal cloud market in 2016, due to remarkable technological advancements and socio economic development in countries in the region. The market in Europe accounted for second-highest revenue share in the global personal cloud market, due to increasing adoption of cloud-based services in countries in the region, followed by markets in Asia Pacific, Latin America, and Middle East & Africa respectively. The market in Asia Pacific is projected to register fastest growth rate in terms of revenue, owing to increasing demand for cloud computing services in countries in the region. Moreover, the markets in Latin America and Middle East & Africa are expected to register moderate growth rate over the forecast period. Revenue from the market in Middle East & Africa is projected to register a CAGR of X.X% over the forecast period.
Global personal cloud market segmentation:
- Small businesses
- Medium businesses
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Amazon (Cloud Drive)
- Apple (iCloud)
- Box, Inc.
- Google Drive
- Ubuntu One
- IBM Corporation.
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