South Korea Personal Cloud Market (2023-2028)

RESEARCH METHODOLOGY

This research study involved extensive secondary sources, directories, and paid databases, to identify and collect information useful for this technical, market-oriented, and commercial study of the personal cloud market. In-depth interviews were conducted with various primary respondents, including key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, to obtain and verify critical qualitative and quantitative information and assess the market prospects. The following figure highlights the market research methodology in developing this report on the personal cloud market.

Secondary Research

The market size of companies offering personal cloud services was determined based on secondary data available through paid and unpaid sources. It was also arrived at by analyzing the product portfolios of major companies and rating the companies based on their performance and quality.

In the secondary research process, various sources were referred to for identifying and collecting information for this study. Secondary sources included annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications; and articles by recognized authors, directories, and databases. The data was also collected from other secondary sources, such as journals, government websites, blogs, and vendors' websites. Additionally, the spending of various countries on personal cloud was extracted from the respective sources. Secondary research was mainly used to obtain the key information related to the industry’s value chain and supply chain to identify the key players based on solutions, services, market classification, and segmentation according to offerings of the major players, industry trends related to service models, verticals, and regions, and the key developments from both market- and technology-oriented perspectives.

Primary Research

In the primary research process, various sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information for the report. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from major companies and organizations operating in the personal cloud market.

After the complete market engineering (including calculations for market statistics, market breakups, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. Primary research was also undertaken to identify the segmentation types, industry trends, the competitive landscape of the personal cloud market players, and key market dynamics such as drivers, restraints, opportunities, challenges, industry trends, and key strategies.

The Breakup of Primary Profiles:

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Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and forecast the personal cloud market and other dependent submarkets. The bottom-up procedure was deployed to arrive at the overall market size using the revenues and offerings of the key companies in the market. With data triangulation methods and validation through primary interviews, the exact value of the overall parent market size was determined and confirmed using this study. The overall market size was then used in the top-down procedure to estimate the size of other individual markets via percentage splits of the market segments..

Top Down and Bottom Up Approach of personal cloud market

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The top-down and bottom-up approaches were used to estimate and validate the size of the personal cloud market and various other dependent subsegments. The research methodology used to estimate the market size included the following:

Key players in the market were identified through secondary research, and their revenue contributions in respective countries were determined through primary and secondary research.

This entire procedure included the study of the annual and financial reports of top market players and extensive interviews for key insights from industry leaders, such as Chief Executive Officers (CEOs), VPs, directors, and marketing executives.

All percentage splits, and breakups were determined using secondary sources and verified through primary sources.

Top Down Approach of personal cloud market

Data Triangulation

The market was split into several segments and subsegments after arriving at the overall market size—using the market size estimation processes as explained above. Where applicable, data triangulation and market breakdown procedures were employed to complete the overall market engineering process and determine the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from government agencies’ demand and supply sides.

Market Definition

A personal cloud helps users to access their digital content seamlessly across devices and computing environments. It is designed for storing, synchronizing, and sharing photos, videos, music, documents, and other digital content over various platforms and screens giving the user the same experience across devices and platforms.

Key Stakeholders

• Cloud Service Providers
• Networking Companies
• Personal Cloud Solution Vendors
• System Integrators
• Information Technology Developers
• Third-party Vendors
• Governments of Different Countries
• Consulting Companies
• Investors and Venture Capitalists
• Technology Providers
• Suppliers, Distributors, And Contractors
• End Users

Report Objectives

• To define, describe, and forecast the personal cloud market based on revenue type, user type, type, hosting type, vertical, and region
• To forecast the market size of five main regions: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
• To strategically analyze the market’s subsegments with respect to individual growth trends, prospects, and contribution to the total market
• To provide detailed information related to major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
• To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for major players
• To comprehensively analyze the core competencies of key players
• To track and analyze the ecession impact and competitive developments, such as mergers & acquisitions, new product developments, and partnerships and collaborations, in the market

Available Customizations

With the given market data, MarketsandMarkets offers customizations per the company’s specific needs. The following customization options are available for the report:

Product Analysis

• The product matrix provides a detailed comparison of the product portfolio of each company.

Geographic Analysis

• Further breakup of the personal cloud market

Company Information

• Detailed analysis and profiling of five additional market players