Personal Cloud Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

The personal cloud refers to the collection of digital content and services that are accessible from any device. It gives users a virtual storage for synchronizing, sharing, and streaming content across multiple platforms. Many vendors offer cloud storage for personal and business applications. Widespread usage of computing devices such as laptops, mobile phones, PCs has given rise to a massive generation of data and data recovery need. Additionally, the growing trend of bring-your-own-device (BYOD) is further expected to escalate the growth of the personal cloud market in the future.

MARKET DYNAMICS

The personal cloud market is anticipated to grow in the forecast period owing to driving factors such as upsurge in the count of internet usage and users coupled with the growth of the digital data. Also, the need for effective disaster recovery is a factor propelling market growth. However, data security and privacy concerns in the cloud are likely to restrain the growth of the personal cloud market during the forecast period. On the other hand, increasing tie-ups between businesses and device manufacturers are a potential opportunity for the players operating in the personal cloud market.

MARKET SCOPE

The "Global Personal Cloud Market Analysis to 2031" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of personal cloud market with detailed market segmentation by revenue, end user, and geography. The global personal cloud market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading personal cloud market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global personal cloud market is segmented on the basis of revenue and end user. Based on revenue, the market is segmented into direct revenue and indirect revenue. The market on the basis of the end user is classified into enterprises and individuals.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global personal cloud market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The personal cloud market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting personal cloud market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the personal cloud market in these regions.

MARKET PLAYERS

The reports cover key developments in the personal cloud market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from personal cloud market are anticipated to lucrative growth opportunities in the future with the rising demand for personal cloud in the global market. Below mentioned is the list of few companies engaged in the personal cloud market.

The report also includes the profiles of key personal cloud companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.

- Apple Inc.
- Dropbox, Inc.
- Egnyte, Inc.
- Google LLC
- Microsoft Corporation
- ownCloud GmbH
- pCloud AG
- Seagate Technology LLC
- Synchronoss Technologies, Inc.
- Tresorit AG

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Personal Cloud Report Scope