Personal Cloud Market

Personal Cloud Market was valued at USD 17.6 billion in 2021 and is forecast to touch USD 76.7 billion in 2029, and the market is expected to grow at a whopping CAGR of 20.2% from 2022-2029.

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Key Drivers

The rising penetration of the internet and the strong demand for a platform, which helps in sharing of data and is cost-efficient are the major factors fuelling the growth of the global personal cloud market. An increase in the demand for cloud-computing technologies across end-users, growing usage of broadband connections, smartphones, and the continuous technological advancements in the personal cloud is leading to a surge in the growth of the market. In addition to this, the drastic rise in the R&D activities for the development of cloud computing solutions will create innumerable growth opportunities in the market. The personal cloud solution offers exceptional advantages, such as it is highly convenient, provides faster data access, and enhances the overall productivity. Moreover, the megatrend of implementing BYOD policy, strategic collaborations, and partnerships between the global giants will further complementing the growth of the market.  On the other end of the spectrum, the rising concern related to data privacy and security will have a negative impact on the growing demand of the global personal cloud market in the coming years.

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Type – Segment Analysis

Based on the type, the Online Cloud segment is expected to grow at a higher CAGR over the forecast period owing to the accelerating adoption of online cloud among individuals at the global level. In addition to this, the remarkable benefits offered by the online cloud, including easy accessibility, usability, recovery option along with easy sharing, cost saving and convenience feature is further attracting a large number of customer base to the market, thereby fuelling the growth of this segment.

User Type – Segment Analysis

Based on the user type, the Enterprises segment is anticipated to increase at a higher CAGR during the forecast period due to the increasing adoption of personal cloud to enhance the overall productivity and rising demand for the cloud infrastructure across several organizations and businesses. Moreover, the merging of mobile devices with cloud and rising acceptance of the bring-your-own-device BYOD trend in the multinational giants for enhancing the flexibility, convenience and saving money are some other factors driving the market growth of this segment.

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Regional – Segment Analysis

Based on the region, North America is anticipated to grow at a higher compound annual growth rate during the forecast period owing to the large presence of key personal cloud suppliers and the high adoption of services of personal cloud in this region. In addition to this, the increasing implementation of cloud services across several verticals and technological advancements in the personal cloud is further leading to a growth in the market in this region.

Top Market Players

Various notable players operating in the market include Microsoft Corporation, Google LLC, Apple Inc., Dropbox, Amazon Web Services, Inc., Seagate Technology LLC, Box, Inc., Western Digital Corporation, Egnyte, Inc., and Synchronoss, among others.

Key Developments:

• • In 2019, Google LLC acquired Elastifile company, a cloud storage provider. Through this acquisition, the company planned to implement new strategies for achieving profitability in the data and cloud storage space and also to integrate Elastifile in the Google Cloud Filestone.
  • In 2019, Western Digital Corporation launched various personal storage solutions that enable the consumers to organize, capture, and share their digital content and also offers speed, reliability, ruggedness, and ease of use features.

Segments covered in the Report:

The global personal cloud market has been segmented on the basis of type, user type, revenue type, and region. Based on the type, the market is segmented into the NAS device cloud, online cloud, homemade cloud, and server device cloud. Based on the user type, the market is segmented into consumers and enterprises. Based on the revenue type, the market is segmented into direct revenue and indirect revenue.

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Key questions answered in this research report:

• • At what pace is the global personal cloud market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global personal cloud market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global personal cloud market?
  • What is the Global Personal Cloud Market Size in 2021?
  • Which type generated maximum revenues in 2021 and identify the most promising products during the forecast period?
  • What are the various user types in personal cloud and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Personal Cloud Market by Type

• • NAS Device Cloud
  • Online Cloud
  • Homemade Cloud
  • Server Device Cloud

Global Personal Cloud Market by User Type

• • Consumers
  • Enterprises

Global Personal Cloud Market by Revenue Type

Direct Revenue

Indirect Revenue

Global Personal Cloud Market by Region

• • North America Personal Cloud Market (Option 1: As a part of the free 25% customization)

• • • By Type
    • By User Type
    • By Revenue Type
    • US Market All-Up
    • Canada Market All-Up

• • Europe Personal Cloud Market (Option 2: As a part of the free 25% Customization)

• • • By Type
    • By User Type
    • By Revenue Type
    • UK Market All-Up
    • Germany All-Up Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

• • Asia-Pacific Personal Cloud Market (Option 3: As a part of the free 25% Customization)

• • • By Type
    • By User Type
    • By Revenue Type
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

• • RoW Personal Cloud Market (Option 4: As a part of the free 25% Customization)

• • • By Type
    • By User Type
    • By Revenue Type
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating the Personal Cloud (Option 5: As a part of the free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Microsoft Corporation
  • Google LLC
  • Apple Inc.
  • Dropbox
  • Amazon Web Services, Inc.
  • Seagate Technology LLC
  • Box, Inc.
  • Western Digital Corporation
  • Egnyte, Inc.
  • Synchronoss