Press release
Personal Cloud Market Share To Witness Steady Rise In Coming Decade : Fact.MR
Fact.MR foresees that the demand for personal cloud is projected to expand at a CAGR of 40% in terms of value during the period of assessment. Moreover, the report estimates that the market for the personal cloud is likely to surpass US$ 220 Bn by end of 2032.From 2017 to 2021, the industry experienced significant uptick, registering a CAGR of around 20%. Demand further heightened amid the COVID-19 pandemic, as enterprises began shifting to the virtual space to conduct business. Massive amounts of data collection and assimilation prompted companies to invest in high-tech accumulation and protection software to safeguard classified and other information from being compromised by malicious entities.
With the proliferating social media platforms, there is growing requirement for personal cloud systems for storing data that can be accessed through multiple devices. In line with this, the emergence of bring-your-own-devices (BYOD) and work from home (WFH) trends are also contributing to the growth of the market.
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Key Market Segments in Personal Cloud Industry Research
By Cloud Type
Online Cloud
NAS Cloud
Server Cloud
Home-Made Cloud
On-Premise Cloud
By Revenue
Direct Revenue Source of Personal Cloud
Indirect Revenue Source of Personal Cloud
Hosting Type
Service Provider Hosted Personal Cloud
User Hosted Personal Cloud
User Type
Use of Personal Cloud by Consumers
Use of Personal Cloud by Enterprises
Use of Personal Cloud by Small Businesses
Use of Personal Cloud by Medium Businesses
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Key Takeaways of from the Market Study
Global market for personal cloud likely to reach a value of US$ 30 Bn by 2022-end
By type, online personal cloud is projected to reach around US$ 115 Bn by 2032
NAS cloud is projected to record above 35% CAGR over the next 10 years.
U.S to accumulate a market value worth US$ 12 Bn in 2022, capturing 40% market share
China to be a highly attractive investment destination, forecast to yield US$ 35 Bn in 2032
Competitive Landscape
The competitive landscape of the personal cloud market is shaped by product innovation and strategic mergers & acquisitions. Amazon Web Services Inc., Apple Inc., Box Inc., Microsoft Corporation, Dropbox Inc., Google, Mozy Inc., SpiderOak, Seagate, and Egnyte Inc., are some prominent manufacturers of personal cloud.
In June 2021, Wisekey International Holding SA, a leading cybersecurity and IoT company launched its WISeID Cloud Storage service as a new addition to the WISeID platform for digital identity and cybersecurity services. WISeID Cloud Storage service enables users to keep protected file storage in the cloud, in servers secured by WISeKey's Swiss technologies.
In September 2021, Microsoft and global travel technology company OYO announced a multi-year strategic alliance to co-develop next-gen travel and hospitality products and technologies. OYO will adopt Microsoft Azure as a key enabler to drive cloud-based innovations and reimagine the hospitality and travel tech industry.
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