What is Personal Cloud Storage Market?
Personal cloud storage is the local network-attached storage (NAS) device which lets users to store data, photos, music, videos and other files and is optimised for media streaming. These are the way for users to experience the advantages of high capacity cloud-based storage and save the data safely. The data can be accessed from any computers by using the browser and mobile apps provides the access to android and iOS. Moreover, the mobile apps enable the device syncing, file sharing, and access to the content from smartphones.
The market study is being classified and major geographies with country level break-up.
Microsoft (United States), Google (United States), Amazon (United States), Baidu (China), Tencent (China), Huawei (China), Apple (United States), China Mobile (China), China Telecom (China) and LaCie (France) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Seagate Central (United States), Synology (Taiwan), QNAP (Taiwan), NETGEAR (United States) and Lenovo (China).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States, China Players will contribute to the maximum growth of Global Personal Cloud Storage market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Personal Cloud Storage market by Type, Application and Region.
On the basis of geography, the market of Personal Cloud Storage has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Tech Savvy Populations is Leading to Demand of Personal Cloud Storage
- Growing Usage of Camera Equipped Devices is Fuelling the Market Growth
Market Trend
- Gaining Acceptance of Bring Your Own Device in Corporate
Restraints
- Data Security Concerns May Hamper the Market
Opportunities
- Upsurge in Usage of Smartphones and Broadband
- Growing Need for Data Storage Platform is Leading to Adoption of Personal Cloud Services
- Increasing Concerns of Space Limitation on Gadgets
Challenges
- Presence of Major Players is Leading to Stiff Competition
Market Leaders and some development strategies
Microsoft has acquired ADRM Software which provides large-scale industry data models companies use as “information blueprints.
Key Target Audience
Financial institutions, Government associations, Research organisations, software vendors and Others