USD 90.27 billion
Personal Cloud Market Size, Share, Growth Analysis, By Revenue(large enterprises, and SMEs), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45A2130 |
Region:
Global |
Published Date: March, 2024
Pages:
197
|Tables:
35
|Figures:
79
Personal Cloud Market Insights
Global Personal Cloud Market size was valued at USD 90.27 billion in 2022 and is poised to grow from USD 131.70 billion in 2023 to USD 2704.21 billion by 2031, growing at a CAGR of 45.90% during the forecast period (2024-2031).
A personal cloud is a collection of digital services and statistics that can be accessed from any location if the customers have permission to accomplish that. It supports users to save, update and synchronize content, allowing all users to efficiently share data across various platforms. The four forms of the personal cloud are online cloud, server device cloud, NAS device cloud, and homemade clouds that are used in the personal cloud .Personal cloud provides various benefits including the ability to store more data, a low cost, and access from various devices. The personal cloud is very well available and used for storage and is cheap compared to the public cloud. The personal cloud is important because it is used for storing information and files and is mostly used as personal documents. This file is available from interconnection wherever the place is present. The personal cloud is a network of services that can be used for transferring data and safely storing the data, editing can be done online mode and the information can be stored on the cloud. a personal cloud minimizes the need for any hardware store on the cloud devices. Most cloud storage manufacturers have collaborated with other key players to produce pre-installed cloud services that users can use to carry out their business. These devices store information more securely, which makes them more accessible to users and helps to improve security features.
US Personal Cloud Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
indirect revenue
Fastest Growth
indirect revenue
Growth Rate
45.90% CAGR
Global Personal Cloud Market ($ Bn)
Country Share for North America Region (%)
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Personal Cloud Market Segmental Analysis
The personal cloud market is segmented on the basis of Revenue type and the user type . Whereas ,the Revenue type is segmented into the Direct revenue and indirect revenue, User type is segmented into the small enterprise and medium enterprise.
Personal Cloud Market Analysis by Revenue
The market is segmented into the direct revenue and indirect revenue. The indirect Revenues segment is expected to grow rapidly at a CAGR during the forecast period. The examples of the indirect revenue is Licensing, commercial partnerships with large technology providers advertising, or device manufacturers, and white-label cloud products. North America is the region expected to generate the majority of indirect revenue, as its electronic gadget sales are the largest. These are the important factors that increase the growth of this segment in the personal cloud market during the forecast period.
Personal Cloud Market Analysis by User
The market is segmented into large enterprises, and SMEs. Small Enterprises and Medium Enterprises segments are expected to hold the largest market shares. The needs of their customers are increasingly changing to meet in today's enterprise. The combination of cloud computing and mobile devices has changed the corporate culture. The increase in business adoption of personal cloud services has a positive impact on productivity. The growth of the personal cloud market is supported by the ability to access work content on one's own mobile device from anywhere and at any time.
Global Personal Cloud Market By Revenue
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Personal Cloud Market Regional Insights
North America is the overall leader in the adoption and implementation of the personal cloud and services followed by Europe, because the North American personal cloud market is dominated by U.S. companies, due to the growth of multicultural organizations that need to work on similar platforms without sacrificing quality. The North American personal cloud market is dominated by US-based companies, which is due in part to the growth of multicultural organizations that need to work on similar platforms without compromising quality. The reason for the growth of personal cloud in North America is the huge adoption of SaaS, IoT, and analytics. The manufacturing of some of the devices combines all the cloud services for storing information, videos, and some other documents.
The Asia Pacific region is in high demand and is growing rapidly. This is due to its large population, rich resources, and growing economies. China, Japan, and Korea all have high-speed ethernet facilities. The high insights of data centers and servers in the cloud is helping end users to use their personal clouds.
Global Personal Cloud Market By Region
- Largest
- Fastest
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Personal Cloud Market Dynamics
Personal Cloud Market Drivers
Increase Demand for Data Storage to Bolster Market Growth
- The need for data storage is growing as more people want to save and share their photos, documents, folders, and other files. Businesses of all sizes can now access flexible and affordable software, platforms, infrastructure, and storage thanks to the cloud. To increase flexibility, and to improve IT capability, opportunities to reduce costs are offered by Personal cloud organizations . Data can be used for personal and professional purposes, as well. The demand for storing data in the cloud has increased. So, keeping the data safely is very much important. Due to this reason, many cloud storage companies offer unlimited data storage. Data Backup, Real-time access, and additional storage in consumer mobile or laptops are driving the demand for personal cloud. The growth of real-time data access, storage, and sharing, as well as data generation activities, is due in large part to increasing demand for these services, as well as their cost-effective and efficient implementation. Additionally, data loss protection and contingency planning are also contributing factors.
Personal Cloud Market Restraints
Data Security and Privacy Breaching Issues
One of the primary challenges hindering the widespread adoption of personal cloud services is the persistent concern over data security and privacy. Users often worry about unauthorized access, data breaches, and the potential misuse of their personal information stored in the cloud. High-profile security breaches have further exacerbated these concerns, leading to hesitancy among potential users to entrust their sensitive data to cloud providers.
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Personal Cloud Market Competitive Landscape
Some of the major players in the personal cloud storage market are based on where they are from, how usual their products are in different regions, and how they've been able to keep up with the latest industry trends.
Personal Cloud Market Top players Company Profiles
- Amazon
- Seagate
- Box
- Microsoft
- Engyte
- Sygarsync.
- Lima Technology
- Western Digital
- Gemalto
- MEGA Ltd.
- D-Link Corporation
- ElephantDrive
- Mozy Inc.
- POLKAST LLC
- Dell
- Just cloud.com
- Synchronoss
- Funambol
- SugarSync
- ownCloud
- Cloudike
Personal Cloud Market Recent Developments
- In May 2023, Amazon.com Inc's cloud computing division, AWS, planned to inject a substantial 1.06 trillion rupees ($13 billion) into India by the close of this decade. This strategic move underscores the company's commitment to bolstering its previous contributions and addressing the surging demand for cloud services within one of Asia's rapidly expanding economies.
- In November 2021, In order to create an app using MS Azure, Microsoft and BIAL (Bangalore International Airport Limited) joined forces to launch the BIAL Genie Hackathon.
- In June 2021, In order to enable users to search creative cloud resources and add public links to libraries, synced files, and mobile device creations without leaving Gmail, Google Workspace and Adobe have partnered.
Personal Cloud Key Market Trends
- There is a growing demand for storing and exchanging personal and professional data in the digital age, and this trend is continuing to increase in popularity. This is because the growing tech-savvy population has led to an increase in the demand for cloud computing services. The popularity of devices like smartphones and tablets makes them a safe platform to store digital information.
Personal Cloud Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research and Analysis Wing) is our Business Information Services team that collects, collates, Co-relates and analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the growth of technology has led to increased investments in new technical developments, which is predicted to result in a high rate of growth for the industry over the next seven years. This is expected to benefit the market as demand for storing and sharing personal and professional data increases.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 90.27 billion |
| Market size value in 2031 | USD 2704.21 billion |
| Growth Rate | 45.90% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Personal Cloud Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Personal Cloud Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Personal Cloud Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Personal Cloud Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Personal Cloud Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Personal Cloud Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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