Global Personal Cloud Market

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 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.

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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).

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. 'Amazon', 'Apple', 'Google', 'Seagate', 'Box', 'Microsoft', 'Dropbox', 'Engyte', 'Buffalo Technology', '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'

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.

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.

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. 

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Global Personal Cloud Market

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