Google (US) and pCloud are leading players in Personal Cloud Market
The global personal cloud market to grow from USD 24.7 billion in 2023 to USD 57.7 billion by 2028 at a compounded annual growth rate (CAGR) of 18.5% during the forecast period. A personal cloud refers to a virtual storage space and computing environment that individuals use to store, manage, and access their digital data and applications over the internet. Unlike traditional data storage solutions, personal clouds leverage remote servers and infrastructure provided by third-party services. Users can upload, synchronize, and share their files, such as documents, photos, and videos, through these cloud services. Additionally, personal clouds often integrate with various devices, allowing users to access their data seamlessly from smartphones, tablets, laptops, and desktop computers.
One of the key advantages of personal clouds is the flexibility they offer in terms of accessibility. Users can retrieve their information from virtually any location with an internet connection, promoting convenience and collaboration. Security features, like encryption and authentication protocols, are typically implemented to safeguard users' sensitive data. Personal clouds also facilitate automatic backups, reducing the risk of data loss due to device failures or accidents. While popular commercial services such as Dropbox, Google Drive, and iCloud offer personal cloud solutions, individuals can also set up their personal clouds using dedicated devices or software to have more control over their data and privacy. The personal cloud paradigm reflects the growing trend towards decentralized and user-centric approaches to digital storage and computing.
To know about the assumptions considered for the study download the pdf brochure
Key vendors in this market are based in North America and Asia Pacific are Google (US), Microsoft (US), Apple (US), Dropbox (US), AWS (US), Box (US), Seagate Technology (US), Western Digital (US), Synchronoss (US), Egnyte (US), BUFFALO Technology (Japan), Funambol (US), SugarSync (US), ElephantDrive (US), Cloudike (US), SpiderOak (US), ASUS Cloud (Taiwan), IDrive (US), AT&T (US), and OpenDrive (US) are among a few leading players operating in the personal cloud market. These players can focus on creating new alliances and relationships. To increase their market domination, major firms have used a variety of tactics, including alliances, contracts, mergers and acquisitions, and the introduction of new products.
Google is a global technology corporation that focuses on internet-related services and goods, including cloud computing, software, hardware, online advertising technologies, and search engines. Along with Amazon, Apple, Meta, and Microsoft, it is regarded as one of the big five companies in the American information technology industry. Google helps solve business problems with cloud technology. Its cloud solutions are present in various industries, such as retail, consumer packaged goods, financial services, healthcare and life sciences, media & entertainment, gaming, telecom, and manufacturing. Google Cloud offers solutions such as data cloud, artificial intelligence (AI), APIs & applications, security, digital transformation, databases, smart analytics, productivity & collaboration, application, and infrastructure modernization.
Google offers personal cloud services through its Google Drive platform. Introduced in 2012, Google Drive provides users with cloud storage, file sharing, and collaboration tools. Users can store their documents, photos, and videos in the cloud and access them from different devices with ease. The service integrates with other Google Workspace apps, enhancing productivity and collaboration. Google Drive offers a free storage tier with options to upgrade for additional space, making it accessible to a broad user base.
Google's emphasis on integration with its ecosystem and user-friendly features positions Google Drive as a popular choice for personal cloud storage. The platform's reliability, cross-platform compatibility, and continuous updates contribute to its widespread adoption. Though it faces competition from other major players, Google's commitment to innovation and seamless integration keeps it at the forefront of the personal cloud market, catering to the diverse storage and collaboration needs of individuals. Its cloud storage is reliable and secure, which helps in the transition to lower-cost classes and archival storage. Google has its presence in Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
pCloud
pCloud is a file hosting service (also known as cloud storage) for individuals and businesses. It offers features, such as file management, sharing, security, file backup, collaboration, and file versioning. pCloud is compatible with Windows, macOS, Linux, iOS, and Android platforms. It offers 10 GB of free storage with an option to get up to 20 GB through referrals. It helps to backup folders from computer to pCloud safely. It differentiates itself from other vendors in the personal cloud market by offering innovative lifetime plans to its users. pCloud helps SMEs improve business workflow; facilitates file storage, sharing, and collaboration; and reduces operational costs by eliminating the need for local servers. It shares links and invites users to share folders, access, and synchronize.
Related Reports:
Personal Cloud Market by Type (Online, NAS Device, Server Device), User Type (Enterprise, Consumer), Hosting Type (Provider, User/Self-hosting), Revenue Type (Direct, Indirect), Vertical (IT & ITeS, BFSI, Telecommunications) and Region - Global Forecast to 2028
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
SEND ME A FREE SAMPLE
