Personal Cloud Market Size, Share, Growth Analysis, By Revenue(large enterprises, and SMEs), By Region - Industry Forecast 2024-2031

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.