United States/WA: Personal Cloud Market Will Boom In Near Future
Report Pages:[130 Pages]
Competitive Landscape:
Major players operating in the Global Personal Cloud include Apple, Amazon, Seagate, Microsoft, Box, Dropbox, Google, Engyte, Buffalo Technology, Tonido, Western Digital, and Sugarsync.
Global Personal Cloud Market, by Hosting Type (User and Provider), by Development (Individuals, Small Businesses, and Medium Businesses), and by Geography (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), is estimated to be valued at US$ XX million in 2021 and is expected to exhibit a CAGR of XX% over the forecast period (2021-2028), as highlighted in a new report published by Coherent Market Insights.
Market Overview:
A personal cloud isn’t a physical entity; rather it’s a set of web services and digital content that are available from virtually any device. The personal cloud isn’t a tangible thing; rather it’s a location that gives internet users the ability to safely store, sync, stream, and share information on a primary server, moving data from one application, platform and location to the next. This location can be locally hosted by an individual or it can be hosted by a company. The cost of this virtual local server is considerably less than the cost of provisioning and maintaining a traditional infrastructure server. Personal Cloud provides access to data from almost any device, while giving businesses the power to manage data remotely.
Key Market Drivers:
Increasing adoption of private cloud environment is expected to propel growth of the global personal cloud market over the forecast period. For instance, in August 2021, Symitar division of Jack Henry & Associates, a provider of technology solutions and payment processing services, announced that Keesler Federal Credit Union has migrated its core to Jack Henry’s private cloud environment.
Moreover, increasing adoption of cloud in the automotive sector is also expected to propel growth of the global personal cloud market over the forecast period. For instance, in August 2021, Google Cloud partnered p with SAP and Inchcape plc, a multi-brand automotive distributor, under which Inchcape will migrate its business-critical sales, marketing and operations systems, and data to the cloud.
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Covid-19 Impact Analysis
The emergence of Covid-19 has led to increasing adoption of work from home and live event strumming. Globally, as of 5:09pm CEST, 23 August 2021, there have been 211,730,035 confirmed cases of COVID-19, including 4,430,697 deaths, reported to WHO. Such scenario is expected to increase demand for personal cloud, thereby offering lucrative growth opportunities for players in the personal cloud market.
Key Takeaways
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The personal cloud market is expected to exhibit a CAGR of XX % over the forecast period, owing to increasing adoption of private cloud environment. For instance, in August 2021, Kitamura, a Japan-based multimedia retailer, selected the Synchronoss Personal Cloud solution from Synchronoss Technologies, Inc. for integration into its online and retail channel.
- Among regions, North America is expected to witness significant growth in the personal cloud market, owing to availability of cloud PC services. For instance, in August 2021, Microsoft announced the general availability of Windows 365 and the resources along with it to help users get more information about the cloud service.
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Asia Pacific is also expected to witness significant growth in the personal cloud market, owing to increasing adoption of personal cloud in the education sector. For instance, in August 2021, Synchronoss Technologies, Inc. partnered with Telkomsigma, the IT arm of Telkom Indonesia Group, to deliver the Synchronoss Personal Cloud Solution to Indonesian universities.
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