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Personal Cloud Market Research Report - Segmentation By Type of User (Consumer, Enterprise), Type of Revenue (Direct Revenue, Indirect Revenue), Region - Industry Forecast 2022 - 2027

Published: May, 2022
ID: 13168
Pages: 150

Personal Cloud Market Size (2022 – 2027)

The Personal Cloud Market was worth US$ 55.02 billion in 2021 and is projected to reach the valuation of US$ 915.25 billion by 2027 at a CAGR of 45.9% from 2022 to 2027.

A Personal Cloud is a collation of digital services and data that may be accessed from any location if the users have permission to do so. It allows users to save, update, and synchronize content, allowing all users to efficiently share data across several platforms. Online clouds, server device clouds, NAS device clouds, and homemade clouds are the four forms of Personal Clouds. Personal Clouds provide various advantages, including the ability to store more data, a low cost, and access from several devices. The Personal Cloud market is divided into Consumer and Enterprise segments based on the kind of user. The market is segmented into two types of revenue: direct income and indirect revenue.

There is a growing demand for storing and exchanging personal and professional data in this digital age. In recent years, the rapidly growing tech-savvy population has resulted in a significant increase in the demand for cloud computing services. The growing popularity of camera-equipped devices like smartphones and tablets has created a great demand for a safe platform to store digital information.

Apple Inc., Microsoft Corporation, Google Inc., Amazon Web Services Inc., Dropbox Inc., Egnyte Inc., Copy (Barracuda Networks Inc.), SpiderOak, Box Inc., and Buffalo Inc. are among the prominent participants in the personal cloud market. These market leaders have built themselves through time by investing continuously in product innovation, allowing them to increase quality, capability, and performance. Furthermore, as an opportunistic factor in the personal cloud market forecast, these companies have expanded their market presence through strategic alliances and are constantly working toward launching upgraded products in the market to gain maximum market share as well as deliver better benefits to stakeholders.

A personal cloud is a cloud storage platform that allows clients to access, synchronize, and share data across several cloud and device platforms. Personal cloud services offer improved data storage, accessibility, and sharing, as well as improved security measures. By providing a better experience for user and ease of use, they have set new expectations for individuals using cloud computing services.

MARKET GROWTH

Because of increased investments in technical development, the industry is predicted to grow at a high rate during the next seven years. Over the estimated period, the market is expected to benefit from rising demand for storing and sharing personal and professional data.

MARKET DRIVERS

Personal cloud storage systems are likely to see increased demand due to rising demand for high-frequency data access and sharing, cost-effective and efficient storage, and data loss protection. A growing number of partnerships with leading personal cloud service providers, as well as overcoming the connectivity and accessibility gap, will contribute to the personal cloud market's growth by creating enormous prospects.

Moreover, the Personal Cloud Market is likely to be driven by increased knowledge about personal cloud and the requirement for disaster recovery and contingency planning. In addition, features like real-time data access, disaster recovery, and the growing trend of bringing your own device adoption are expected to increase the industry in the following years. Moreover, the market is expected to be fuelled by the proliferation of digital content and an increase in internet usage throughout the estimated period.

Also, the rise in the number of social media sites, adoption of personal cloud solutions, a fast-growing tech-savvy population, and increased use of personal cloud services for storing images, videos, and contacts are all significant factors driving demand for personal cloud.

MARKET RESTRAINTS

The use of a personal cloud involves multiple third parties outsourcing their skills, which can raise concerns about security and confidentiality. Mobility, endpoints, networks, databases, cloud, web applications, and virtualization infrastructures are all included. Any personal cloud provider will be able to easily expose important company information as a result of this. Due to which security and privacy issues remain the top barriers to personal cloud adoption for businesses. Personal cloud providers, on the other hand, assist enterprises in ensuring that the data they deploy via the cloud is secure and private. Customers have access to end-to-end network protection and encryption for added security. However, because of the increasing number of data breaches, businesses are hesitant to share critical corporate data with personal cloud providers.

Market Segmentation

Global Personal Cloud Market - By Type of User:

  • Consumer
  • Enterprise

The Enterprise category is projected to dominate the market. The issues can be traced back to the widespread use of the personal cloud to boost overall productivity. Enterprises looking to extend their market with modern solutions are predicted to install the product, increasing demand over the next seven years.

Global Personal Cloud Market - By Type of Revenue:

  • Direct Revenue
  • Indirect Revenue

During the foreseeable period, the indirect Revenue segment is expected to have the highest CAGR. Licensing, advertising, commercial partnerships with large technology providers or device manufacturers, and white-label cloud products are all examples of indirect revenue.

Global Personal Cloud Market - By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

North America will lead the market in terms of personal cloud and service adoption and implementation. The US market accounted for the greatest share of the North American personal cloud market, owing to the development of multi-cultural organizations that are required to work on similar platforms without sacrificing the quality of work across different geographical regions. The US market accounted for the greatest share of the North American personal cloud market, owing to the development of multi-cultural organizations that are required to work on similar platforms without sacrificing the quality of work across different geographical regions. The rapid usage of SaaS, IoT, and analytics is driving personal cloud adoption in North America.

European region is predicted to hold the second-largest market share in the Personal Cloud Market during the forecasted period.

The personal cloud market in the Asia Pacific is expected to grow significantly. Personal cloud services in the Asia Pacific area, unlike other international players, allow users to exchange information, causing worries among regulators. In order to clean up the sector, national authorities in many countries have launched a campaign to remove unlawful content from the internet, which has resulted in the demise of six key services. Furthermore, the lack of a clear business strategy encourages firms to prosper, putting a barrier between them and profitability. India, Japan, China, and South Korea are some of the important countries that will fuel the Asia Pacific Personal Cloud market expansion.

Key Players

  • BoxAWS
  • Dropbox
  • Apple
  • Microsoft
  • Egnyte
  • Synchronoss
  • Western Digital
  • Seagate

Recent Development in Global Personal Cloud Market:

  • Synchronoss Personal Cloud Makes It Possible PicStorage by Kitamura is a service that allows you to store your photos online.
  • Kitamura, Japan's leading multimedia retailer, has launched a white-label version of the Synchronoss Personal Cloud under the name PicStorage. Synchronoss Technologies, Inc. ("Synchronoss" or the "Company") (Nasdaq: SNCR), a global leader and innovator in cloud, messaging, and digital products and platforms, announced today that it had launched a white-label version of the Synchronoss Personal Cloud under the name Pic.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Personal Cloud Market , By Type of User                        

                                6.1.1 Consumer

                                6.1.2 Enterprise

                                6.1.3 Market Size Estimations & Forecasts (2022-2027)   

                                6.1.4 Y-o-Y Growth Rate Analysis              

                                6.1.5 Market Attractiveness Index           

                6.2 Personal Cloud Market , By Type of Revenue               

                                6.2.1 Direct Revenue    

                                6.2.2 Indirect Revenue 

                                6.2.3 Market Size Estimations & Forecasts (2022-2027)   

                                6.2.4 Y-o-Y Growth Rate Analysis              

                                6.2.5 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Personal Cloud Market , by Region                     

                7.2 North America - Market Analysis (2022-2027)                              

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Type of User     

                                7.2.3 By Type of Revenue            

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Type of User     

                                7.3.3 By Type of Revenue            

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Type of User     

                                7.4.3 By Type of Revenue            

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Type of User     

                                7.5.3 By Type of Revenue            

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Type of User     

                                7.6.3 By Type of Revenue            

8. Key Player Analysis                                    

                8.1 BoxAWS                      

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Dropbox                      

                8.3 Apple                            

                8.4 Microsoft                    

                8.5 Egnyte                          

                8.6 Synchronoss                              

                8.7 Western Digital                         

                8.8 Seagate                       

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  1. Global Personal Cloud  Market By Region, From 2022-2027 ( USD Billion )
  2. Global Personal Cloud  Market By Type of User , From 2022-2027 ( USD Billion )
  3. Global Consumer Market By Region, From 2022-2027 ( USD Billion )
  4. Global Enterprise Market By Region, From 2022-2027 ( USD Billion )
  5. Global Personal Cloud  Market By Type of Revenue , From 2022-2027 ( USD Billion )
  6. Global Direct Revenue Market By Region, From 2022-2027 ( USD Billion )
  7. Global Indirect Revenue Market By Region, From 2022-2027 ( USD Billion )

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