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Personal Cloud Market worth $62.41 billion by 2030, growing at a CAGR of 12.72% - Exclusive Report by 360iResearch
Personal Cloud Market | 360iResearch
The Global Personal Cloud Market to grow from USD 26.99 billion in 2023 to USD 62.41 billion by 2030, at a CAGR of 12.72%.
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A personal cloud is a form of cloud computing that offers individuals access to their data and applications over the internet. Personal cloud allows access from any device with internet connectivity, enabling seamless synchronization and data sharing across multiple platforms. Personal cloud services are utilized across various applications, including data backup, synchronization, sharing, and remote access. The proliferation of digital content, increased mobile device usage, rising internet penetration, and the growing need for data backup and protection drive the growth of the personal cloud market. Furthermore, enhancements to cloud security and privacy measures have made personal cloud more appealing to end-users. However, concerns over data security and privacy, compliance with various regional regulations, and the risk of data breaches or loss could be barriers to the penetration of personal cloud services. Nevertheless, integrating artificial intelligence (AI) and machine learning for better data management and categorization and expanding 5G technology to offer faster data transfer rates are expected to improve the demand for personal cloud worldwide.
The Americas represents a highly developing personal cloud market with high consumer awareness and a strong preference for data accessibility and security. With tech-savvy populations, the demand for personal cloud services that offer seamless integration across multiple devices is significant across the Americas. Investments in research and the development of advanced cloud technologies continue to drive innovations and advancements in personal cloud product portfolios in the region. The personal cloud market in the European Union (EU) is growing steadily, influenced strongly by stringent data privacy regulations such as the General Data Protection Regulation (GDPR). Consumer behavior in the EU indicates a high concern for data sovereignty, which has become a key consideration in customer purchasing decisions. Recent investments and funding initiatives by the European Commission in cloud infrastructure and the European Data Strategy to harness a strong and competitive data economy are expanding the scope of the personal cloud market in the EMEA region. In the Middle East, affluent consumer segments drive demand for premium personal cloud services, with a significant emphasis on mobile accessibility due to high smartphone penetration. Asia-Pacific represents a rapidly expanding market for personal cloud, propelled by massive populations, growing middle classes, and technological advancements. The Asia-Pacific region is witnessing a surge in the use of personal cloud services due to the digitalization wave, government initiatives, and increased digital literacy among the population.
Market Segmentation & Coverage:
This research report categorizes the Personal Cloud Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Home-Made Cloud, NAS Device Cloud, Online Cloud, and Server Device Cloud. The Server Device Cloud is projected to witness significant market share during forecast period.
Based on Revenue Type, market is studied across Direct Revenue and Indirect Revenue. The Indirect Revenue is projected to witness significant market share during forecast period.
Based on Hosting Type, market is studied across Consumer and Service Provider. The Service Provider is projected to witness significant market share during forecast period.
Based on End-User, market is studied across Enterprises and Individual. The Enterprises is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 45.44% in 2023, followed by Asia-Pacific.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Personal Cloud Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Personal Cloud Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Personal Cloud Market, highlighting leading vendors and their innovative profiles. These include Amazon Web Services, Inc., Apple Inc., ASUS CloudCorporation, Box, Inc., Broadcom Inc., Buffalo Americas, Inc., Cisco Systems, Inc., Cloudike Inc., D-Link Corporation, Dropbox, Inc., Egnyte, Inc., ElephantDrive Inc., Funambol, Inc., Google LLC by Alphabet Inc., Hewlett Packard Enterprise Development LP, IBM Corporation, ID Cloud Services LTD., IDrive Inc., Microsoft Corporation, OwnCloud GmbH, pCloud AG, Synchronoss Technologies, Inc., Transcend Information, Inc., Vodafone Limited, and Zyxel Communications Corp..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Personal Cloud Market, by Type
7. Personal Cloud Market, by Revenue Type
8. Personal Cloud Market, by Hosting Type
9. Personal Cloud Market, by End-User
10. Americas Personal Cloud Market
11. Asia-Pacific Personal Cloud Market
12. Europe, Middle East & Africa Personal Cloud Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Personal Cloud Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Personal Cloud Market?
3. What is the competitive strategic window for opportunities in the Personal Cloud Market?
4. What are the technology trends and regulatory frameworks in the Personal Cloud Market?
5. What is the market share of the leading vendors in the Personal Cloud Market?
6. What modes and strategic moves are considered suitable for entering the Personal Cloud Market?
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sales@360iresearch.com
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
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