A recent report published by Infinium Global Research on the personal
cloud market provides an in-depth analysis of segments and sub-segments in the global
as well as regional personal cloud market. The study also highlights the impact
of drivers, restraints, and macro indicators on the global and regional
personal cloud market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecasts, and dollar values of the global
personal cloud market. According to the report, the global personal cloud
market is projected to grow at a healthy CAGR over the forecast period of
2020-2026.
Market Insight
A personal cloud is a cloud storage platform that allows the
customers to access, synchronize, and share stored data across cloud and
devices. A personal cloud is an assembly of digital services and information
that can be retrieved from any location given the users the privilege to access
the data. Personal cloud services provide better storage, accessibility, and
sharing of user data coupled with enhanced security features. They have set up
new standards for individuals to utilize cloud computing services by providing
better user experience and ease of use. Personal Clouds have numerous
advantageous features such as a capacity for larger storage, cheap cost, and
accessibility from various devices.
The upsurge in the number of social media sites and an increase in
smartphone and broadband connections have heightened the growth of personal
cloud services which in turn drives the personal cloud market growth. The usage
of these services for storing photos, videos, contacts, and other important
files among personalities is the most dominant application as compared to other
applications. The use of multiple devices is anticipated to drive the rapid
adoption of personal cloud solutions among individuals. In prospect, these
services are projected to witness widespread demand among individual and
business customers because of the growing need for data storage platforms,
leading to the augmented adoption of personal cloud services and boost the
growth of the personal cloud market. Additionally, the current concern over the
spread of the COVID-19 outbreak is also expected to have a positive impact on
the personal cloud market. Cloud services and solutions are anticipated to
substantially contribute while responding to the COVID-19 pandemic and address
continuously evolving challenges. Besides, the current situation owing to the
COVID-19 outbreak will encourage pharmaceutical vendors and healthcare
establishments to improve their R&D investments in cloud solutions, acting
as a core technology for allowing numerous initiatives. Usage of cloud solutions
and services can help in reducing operating costs, and at the same time, can
increase customer satisfaction during the renewal process, claims, and other
services. Cloud services can assist in e-learning, for which the demand will
surge owing to the closure of many schools and universities.
Among the geographies, North America region is expected to
dominate the global personal cloud market as countries such as the U.S. and
Canada is the front-runners of the adoption of new technologies. North America
region is anticipated to hold the largest market size in the global personal
cloud market, while the Asia Pacific region is likely to grow at the highest
CAGR during the projection period. North America region is expected to be the
leading region in terms of adopting personal cloud services. In the US and
Canada, the developed economies of North America region, there is a high focus
on innovations obtained from Research and Development (R&D) activity and
technology. Furthermore, the presence of major personal cloud companies in the
region is expected to drive market growth. The Asia Pacific region is expected
to be the fastest-growing region in the personal cloud market, owing to the
growing need for advanced intelligent solutions.

Segment Covered
The report on the global personal cloud market covers segments such as
revenue type, hosting type, and end user. On the basis of revenue type, the
sub-markets include direct, and indirect. On the basis of hosting type, the
sub-markets include service providers, and consumers. On the basis of end user,
the sub-markets include individuals, and enterprises.
Companies Profiled:
The report provides profiles of the companies in the market such
as GoogleLLC, MicrosoftCorporation, AppleInc, Dropbox, Inc., Amazon Web
Services, Box, Inc., Seagate Technology PLC, Western Digital, Synchronoss
Technologies, Inc., and Egnyte.
Report Highlights:
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of the personal cloud
market. Moreover, the study highlights current market trends and provides
forecast from 2020-2026. We also have highlighted future trends in the market
that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.