About Personal Cloud
Personal cloud is miniature cloud storage, which stores, shares, and access or sync user’s personal documents, photos, folders and files without needing any system. It is a cloud-based service which offers or provides services from any location with the help of internet. The introduction to personal cloud services has made the applicants to use user-friendly application. The rise of the personal cloud has encouraged small and medium organizations to adopt personal cloud service. Real-time access, data backup and additional storage in consumer’s electronics devices are thereby boosting the growth of the global personal cloud market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Personal Cloud market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Apple Inc (United States), Microsoft Corporation (United States), Google LLC (United States), Box Inc (United States), Amazon Web Services Inc (United States), Seagate Technology PLC (United States), Dropbox Inc (United States), Egnyte (United States), Melco Holdings Inc (Japan) and Sugarsync (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Funambol Inc (United States), F-Secure Corporation (Finland), Synchronoss Technologies Inc (United States) and SpiderOak Inc (United States).
Segmentation Overview
AMA Research has segmented the market of Global Personal Cloud market by Type (Online cloud, NAS cloud, Server cloud, Home-made cloud and Others), Application (Individual, Small Enterprises and Medium Enterprises) and Region.
On the basis of geography, the market of Personal Cloud 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). If we see Market by Revenue Type, the sub-segment i.e. Direct Revenue will boost the Personal Cloud market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Hosting Type, the sub-segment i.e. User Hosting will boost the Personal Cloud market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Accepting New Standards for the Personal Cloud Industry Such as Fast and Convenient Access to Stored Data and Adoption of Bring-Your-Own-Device (BYOD) Trend in Personal Cloud
Market Growth Drivers:
Rising Demand for Real-Time Data Access and Data Sharing, Cost-Effective and Efficient Storage and Safety Against Data Loss, Rising Data Generation Activities and Digital Contingency and Disaster Recovery Planning
Challenges:
Issues Regarding Security and Safety of Stored Data, Lack of Consumer Awareness, Security Concerns, and Low Funding and Delivering Safe Data Storage
Restraints:
The occurrence of Data Security Risk or Data Breach and Lack of Awareness About Network Connectivity
Opportunities:
Growing Demand for User Hosted Cloud Storage and Increasing Business Tie-Ups With IT Device And Software Manufacturers
On December 30, 2018, IBM completely acquired RedHat mainframe computer with an amount of USD 34 billion. This acquisition is beneficial in providing artificial intelligence, hosting & consulting services in areas extending from mainframe computers to nanotechnology.
According to HIPAA (Health Insurance Portability and Accountability Act), its denoted that in the United States, the Data Protection Directive in the European Union introduces a host of compliance issues for agencies and organizations dealing with sensitive data.
Key Target Audience
Personal Cloud Application Developers, Personal Cloud System integrators, Data integration service providers, Managed services providers, Cloud Infrastructure Services Providers, Cloud Service providers, IT software platform providers, Web Hosting Service providers, Storage service providers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.