Personal Cloud Market: Need for Real Time Access to Data among Businesses to Drive Demand

The rise in the demand for solutions that can provide real time access to employees while keeping their documents secure is encouraging organizations to implement personal cloud services within their businesses, states a new research report by Transparency Market Research (TMR). The report is titled, “Personal Cloud Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019.” It presents the analysis of the market based on deployment and region. Market dynamics such as current trends, future opportunities, and factors driving or restraining the global personal cloud market are discussed.

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Personal cloud offers storage space setup not only for a user’s home but also at a data center of the service provider. Files kept in the cloud storage can be accessed with the help of the internet. This helps users view and stream their documents or photographs from devices connected to the internet such as smartphones, laptops, and tablets. A large number of organizations have their offices or branches across geographies and thus, employees are located at various locations. As such, the need for real time access has encouraged personal cloud vendors to offer personal cloud offerings such as devices, technologies, and applications.

The need for digitization of work and real time access has increased the demand for personal cloud among users. Personal cloud enables organizations to store, share, and sync files and folders without making use of computer systems. Personal cloud enables accessing and sharing documents and photos anywhere and anytime. With a rise in the use of the internet, consumers are increasingly becoming technologically savvy and demanding innovative tools. The emergence of cloud-based applications has helped users integrate personal cloud applications within personal cloud services.
Additionally, key players in the market are focusing extensively on technological advancements, thus retaining the interest of users in personal cloud technology.

Owing to cut throat competition, expansions to make their presence felt across regions have become common among businesses. This has led to the demand for advanced solutions that help businesses or enterprises to manage their work real-time. Personal cloud technology is thus, being adopted as a cost efficient way to stay connected, share, and access data. Digital contingency and the increasing data generation activities are also driving the personal cloud market across the globe.

On the other hand, there are a few factors that impede the growth of the market such as low degree of awareness among users and shortage of funds. Another major challenge faced by players in the market is security concerns. Delivering affordable and safe data storage also pose a challenge for cloud service providers.

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Key players in the market include Apple (iCloud), Amazon (Cloud Drive), DropBox, Box.com, Google Inc (Google Drive), Mega, MediaFire, Microsoft (SkyDrive), Ubuntu One, SpiderOak, F-Secure, BlurTIe, AOL, Mobiso, Unyk, and Simyo.

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This release was published on openPR.