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Personal Cloud Market worth 80.02 Billion USD by 2020
The report "Personal Cloud Market by Revenue Type (Direct Revenue and Indirect Revenue), User Type (Individual, Small Business and Medium Business), Hosting Type (Providers’ Premises and Users’ Premises), & by Region - Global Forecast to 2020", defines and segments the personal cloud market into various sub-segments with an in-depth analysis and forecasting of market sizes. The report also defines the driving factors for the market, restraints, and opportunities along with the current trend adoption in this market.
Browse 67 market data tables and 57 figures spread through 158 pages and in-depth TOC on “Personal Cloud Market - Global Forecast to 2020”
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The personal cloud market is expected to grow progressively due to the e technological advancements in this sector.
Personal cloud applications have been widely adoption among small and medium enterprises in various industry verticals. These enterprises demand personal cloud solutions and services to store, sync, and share documents, files, and photos.
Personal cloud offers storage space setup in the user’s home as well as at a data center of the service provider and can be accessed with the help of the internet. This helps users view and stream these documents from internet connected devices such as smartphones, laptops, and tablets.
The rise in the demand for solutions that can provide real-time access to employees while keeping their documents secure is also encouraging organizations to implement personal cloud services within their businesses. The increase in the number of organizations with offices in different places, having employees located at various locations and requiring real-time access has encouraged personal cloud service vendors to offer various personal cloud offerings including applications, technologies, and devices.
With the changing scenario, enterprises are demanding advanced solutions so that market expansions can be undertaken, along with an increase in profit margins. The development of personal cloud applications by application developers at a low cost is driving the market for personal cloud. Digital contingency and disaster recovery planning and the increasing data generation activities are also driving the personal cloud market across all regions.
The personal cloud market consists of major players such as Amazon, Apple, Google, Seagate, Box, Microsoft, Dropbox, Engyte, Buffalo Technology, and Sygarsync.
MarketsandMarkets broadly segments the personal cloud market by region as North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and Latin America; by revenue as direct revenue and indirect revenue; by user type as individuals, small enterprises, and medium enterprises; by hosting type as hosted from providers’ premises and hosted from users’ premises.
MarketsandMarkets forecasts the personal cloud market to grow from USD 12,020.0 Million in 2015 to USD 80,020.0 Million by 2020 at a Compound Annual Growth Rate (CAGR) of 46.1%. North America is expected to be the largest market in terms of market size, while Europe and Asia-Pacific are expected to experience an increase in market traction during the forecast period.
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