Personal Cloud Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Personal Cloud Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • December 2021 •
  • 143 pages •
  • Report ID: 6197446 •
  • Format: PDF
The global personal cloud market exhibited strong growth during 2015-2020.

Looking forward, the analyst expects the market to grow at a CAGR of around 23% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use sectors. These insights are included in the report as a major market contributor.

Personal cloud, or mobile cloud, refers to a local network-attached storage (NAS) cloud facility used for storing and sharing personal or professional data, such as videos, photos and documents. It is an assembly of digitally stored services and information that can be accessed remotely and is commonly used by individuals, small businesses and organizations. It is used to synchronize or share sensitive data with various devices, such as tablets, personal computers and smartphones. It involves online and server device cloud storage facilities. They eliminate the need to store information on a hardware device and offer enhanced storage space, cost-effectiveness and accessibility to the consumer.

Personal Cloud Market Trends:
Significant growth in the information technology (IT) industry across the globe, along with rapid digitization, is among the key factors driving the market growth. Moreover, the increasing adoption of cloud-based data recovery systems is providing a thrust to the market growth. With the proliferating social media platforms, there is a growing requirement for personal storage systems for storing data that can be accessed through multiple devices. In line with this, the emergence of bring-your-own-devices (BYOD) and work from home (WFH) trends are also contributing to the growth of the market. Organizations use personal cloud storage systems to promote file storage and sharing among employees and businesses. Additionally, various technological advancements and the widespread adoption of Cloud as a Service (CaaS) business models are acting as other growth-inducing factors. These innovations offer individuals and organizations with enhanced flexibility, productivity and reduced infrastructural costs. Other factors, including extensive research and development (R&D) activities, along with increasing internet penetration, especially in the developing economies, are anticipated to drive the market toward growth.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global personal cloud market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on revenue type, hosting type and end user.

Breakup by Revenue Type:
Direct
Indirect

Breakup by Hosting Type:
Service Providers
Consumers

Breakup by End User:
Individuals
Enterprises

Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Amazon Web Services Inc. (Amazon.com Inc), Apple Inc., Barracuda Networks Inc, Box Inc., Buffalo Americas Inc, Dropbox Inc., Egnyte Inc., Google LLC (Alphabet Inc), Microsoft Corporation and SpiderOak Inc. Key Questions Answered in This Report:

How has the global personal cloud market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global personal cloud market?
What are the key regional markets?
What is the breakup of the market based on the revenue type?
What is the breakup of the market based on the hosting type?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global personal cloud market and who are the key players?
What is the degree of competition in the industry?