Personal/Private Cloud Market Size Is Booming Worldwide | Apple, Google, Microsoft Corp, Amazon Web Services

Report Ocean offers a thorough analysis of the Personal/Private Cloud Market, including assessments of business solutions, studies and advancements, applications, advantages, benefits, and breadth. Additionally, included in this study are the market's significant accomplishments, studies and upgrades, new product introductions, a local boom, fierce competition against the norm, and local scale. The business report analysis and insights contain the boom in producer guidance sales, percentage, supply, opportunity, problems, and improvement restraints.

The world personal cloud market is forecast to generate a revenue of $89.9 billion by 2020, registering a CAGR of 33.1% during the forecast period. The increasing use of camera-equipped devices, such as smartphones and tablets, has created a huge demand for a secure platform to store digital content. Faster and convenient access to stored data and sharing of information would define new standards for the personal cloud industry to create lucrative opportunities for the market players.

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Governmental organizations are boosting their maintenance budgets for system infrastructure while simultaneously funding initiatives for project development, modernization, and enhancement. As a result of the investments' success, ICT vendors now annually set aside funding for the growth of the online market. Global ICT exports are anticipated to increase 3.9% on average year from US$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. Global supply has increased by 9.5% yearly since 2009. In terms of global ICT exports in 2021, Ireland came in first place with US$ 169. 32 billion. The rankings placed China at number 4, the United States at number 2, and India at number 3. Since 2009, Brunei has increased by 228.2% year over year, while Sierra Leone has decreased by 61.7% year over year.

By 2026, European ICT Revenue is likely to increase by 1.5% annually, from US$ 1,802,413 Million in 2021 to US$ 1,933,429 Million. The European market has increased by 3.1% annually since 2016. In terms of ICT Revenue in Europe in 2021, Germany came in first place with US$ 339,074 million. Positions 2, 3, and 4 in this ranking were held by the United Kingdom, France, and Ireland, respectively. Since 2016, Malta has increased by 16.5% year over year, while Italy has decreased by 0.2%.

Personal cloud is a cloud storage platform that enables the customers to access, synchronize and share stored data across various mobile devices such as smartphones and tablets. In this era of digitalization, there is an increasing need of storing and sharing personal data or professional data. The rapidly increasing tech-savvy population has led to the growing demand of cloud computing services in the recent years. Bring-Your-Own-Device (BYOD) is gaining increasing acceptance, particularly among small and medium enterprises due to benefits of improved productivity, work flexibility and reduced infrastructure costs. Personal cloud services would facilitate file storage and sharing among the employees and enterprises who have adopted the BYOD trend. However, the issues of privacy and security of stored data would hinder the market growth.

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World personal cloud market is segmented based on type of deployment, revenue type and type of hosting. The deployment type is categorized into individual customers, small businesses and medium businesses. Type of hosting divides the market into user hosting and provider hosting. While revenue type segments the market into direct revenue and indirect revenue. Geographically, the market is segmented into North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa).

Key Benefits:

This study provides an in-depth analysis of the personal cloud market with current and future trends to elucidate the imminent investment pockets in the market
The report provides information regarding key drivers, restraints and opportunities with impact analysis
Porter's five forces analysis of industry and SWOT analysis of the key market players have been provided to illustrate the business strategies adopted by them
The value chain analysis of the industry highlights the key intermediaries involved and elaborates their roles and value additions at every stage in the value chain
The quantitative analysis of the market during the period of 2014-2020 has been provided to elaborate the market potential

Key players:

Apple Inc.
Google Inc.
Microsoft Corp.
Amazon Web Services
Dropbox, Inc.
Egnyte
Copy
SpiderOak
Box, Inc.
Buffalo Inc.

Key Market Segments:The market is segmented based on type of revenue, type of hosting, type of deployment and geography.

Market by Type of Revenue

Direct
Indirect

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Market by Type of Hosting

User
Provider

Market by Type of Deployment

Individuals
Small businesses
Medium businesses

Market by Geography

North America
U. S.
Canada
Mexico
Europe
Germany
U. K.
Others
Asia Pacific
China
India
Japan
Others
LAMEA (Latin America, Middle East and Africa)
Brazil
South Africa
UAE
Others

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