The Personal Cloud Market was valued at USD 19.5 Bn in 2021, at CAGR of 19.3% during the forecast period (2022-2030), and the Market is projected to be worth USD 95.4 Bn by 2030.
The increased adoption of Personal Cloud in the Next Generation Technologies industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Personal Cloud also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Personal Cloud in many sectors also boosts the market growth during the forecast period.
A personal cloud, also known as a mobile cloud, is a local network-attached storage (NAS) cloud facility that is used to store and share personal or professional data such as movies, images, and documents. Individuals, small enterprises, and organisations typically utilise it as a collection of digitally stored services and information that can be accessed remotely. It is used to synchronise or transfer sensitive data between devices such as tablets, PCs, and smartphones. It includes cloud storage options for internet and server devices. They reduce the need to keep information on a physical device and provide increased storage space, cost-effectiveness, and customer accessibility.
Personal Cloud Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Revenue (Direct, Indirect), By Hosting (Service Providers, Consumers), By Cloud (Online cloud, NAS cloud, Server cloud, Home-made cloud), By End Use (Individuals, Enterprise), and companies (Egnyte, Inc., Google LLC, Microsoft Corporation, SpiderOak, Inc, Amazon Web Services, Inc., Apple Inc., Box, Inc., Buffalo Inc., Barracuda Networks, Inc., Dropbox, Inc.), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 19.3%, over the forecast period of 2022–2030.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||95.4 Billion|
|By Revenue||Direct, Indirect.|
|By Hosting||Service Providers, Consumers.|
|By Cloud||Online cloud, NAS cloud, Server cloud, Home-made cloud.|
|By End user||Individuals, Enterprise.|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||Egnyte, Inc., Google LLC, Microsoft Corporation, SpiderOak, Inc, Amazon Web Services, Inc., Apple Inc., Box, Inc., Buffalo Inc., Barracuda Networks, Inc., Dropbox, Inc.|
The COVID-19 pandemic has had a substantial negative influence on the Personal Cloud market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Egnyte, Inc., Google LLC, Microsoft Corporation, SpiderOak, Inc, Amazon Web Services, Inc., Apple Inc., Box, Inc., Buffalo Inc., Barracuda Networks, Inc., Dropbox, Inc.
Market Segment Analysis:
- Service Providers
- Online cloud
- NAS cloud
- Server cloud
- Home-made cloud
By End user
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Personal Cloud industries in the region.
Key Personal Cloud Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Personal Cloud Market segments.
– Largest Market Share Held by Industry to Industry for Personal Cloud
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Personal Cloud Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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