Global Personal Cloud Market is estimated to grow at a significant rate during the forecast period 2024-2032

Pune, India, December 2018, MRFR Press Release/- Market Research Future published a half-cooked research report on the global personal cloud market.

Market Highlights

The Personal Cloud Market size is projected to grow from USD 59.6253592 Billion in 2024 to USD 377.1726694 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 25.93% during the forecast period (2024 - 2032).

Personal cloud is used to store, transfer, and share data using internet from any location. Personal cloud is an offering from cloud-based services that enables the individuals and small enterprises to develop a self-hosted personal cloud. The increased use of internet and cloud-based applications further contributes towards the growth of personal cloud market. Moreover, the small and medium enterprises adopt server cloud and NAS cloud storage to reduce the cost of network maintenance and improve overall network efficiency.

Key players

The key players in the personal cloud market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are — Apple Inc (US), Microsoft Corporation (US), Google LLC (US), Box Inc (US), Amazon Web Services Inc (US), Seagate Technology PLC (US), Dropbox Inc (US), Egnyte (US), Melco Holdings Inc (Japan), Sugarsync (US), and Western Digital. These players contribute a major proportion towards market growth.

Apart from the top key players, the other players contribute nearly 30–35 % in the personal cloud market. These include Funambol Inc (US), F-Secure Corporation (Finland), Synchronoss Technologies Inc (US), SpiderOak Inc (US), Mega Ltd (New Zealand), D-Link Corporation (Taiwan), ElephantDrive (US), Mozy Inc (US), Dell Technologies Inc (US), Just cloud.com (UK), and others.

Regional Analysis

The market for converged data center infrastructure is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of converged data center infrastructure market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America). The personal cloud market has its presence in North American region and continues to expand throughout the forecasted period. Owing to innovative technologies and early adoption of the cloud services, North America enjoys the leading position with most of the software-based company concentration in North America. However, Various countries in the Asia-Pacific region are growing with a high pace. China, Japan, and Korea are among the countries with high broadband internet. Moreover, high penetration of the data centers and cloud servers is encouraging the end-users to use personal cloud. Although the companies initially offer free personal cloud space up to certain limit, they later charge a monthly or annual fee to use the cloud storage

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.