Personal Cloud Market Share, Size, Trends, Industry Analysis Report, By User Type (Consumers, Enterprises); By Type; By Revenue Type; By Hosting Type; By Vertical; By Region; Segment Forecast, 2024 – 2032

Personal Cloud Market Share, Size, Trends, Industry Analysis Report, By User Type (Consumers, Enterprises); By Type; By Revenue Type; By Hosting Type; By Vertical; By Region; Segment Forecast, 2024 – 2032

The global Personal Cloud market size is expected to reach USD 158.17 billion by 2032, according to a new study by Polaris Market Research. The report “Personal Cloud Market Share, Size, Trends, Industry Analysis Report, By User Type (Consumers, Enterprises); By Type; By Revenue Type; By Hosting Type; By Vertical; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Developing nations present significant potential for the cloud computing services market, characterized by a low adoption base and evolving internet infrastructure. The swift pace of industrialization, particularly in countries like India, is fueling the demand for economical storage solutions, a need that can be met by cloud storage services. Personal cloud services are gaining traction globally due to increased awareness among end-users, driven by extensive marketing efforts by key players. Aggressive advertising and marketing campaigns by market participants contribute to widespread awareness of personal cloud solutions, thereby further propelling the market. Collaborations between personal cloud consumers and mobile device manufacturers are resulting in the integration of in-built apps for mobile devices.

The utilization of mobile devices in the workplace has surged, fueled by the widespread popularity of smartphones and tablets. Enterprises are actively endorsing the incorporation of mobile devices into their employees' daily tasks. The growing trend of Bring-Your-Own-Device (BYOD) is gaining traction across businesses globally, with organizations promoting its adoption to minimize device provisioning costs. According to a survey sponsored by Check Point in selected countries like the U.S., Canada, Germany, the UK, and Japan, BYOD is experiencing substantial growth across businesses of all sizes, with approximately 67% of enterprises permitting the connection of personal devices to corporate networks.

Furthermore, the synergy between BYOD and personal clouds empowers organizations to cultivate a mobile workforce, leading to enhanced productivity. This collaboration offers several advantages to businesses, including real-time access to valuable data, reduced security risks, increased visibility and compliance, streamlined workflow, and simplified processes, contributing to the growth of the market.

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Additional drivers for growth encompass technological innovations and the extensive embrace of Cloud as a Service (CaaS) business models. These innovations offer enhanced flexibility, productivity, and reduced infrastructure expenditures for individuals and organizations. Further contributing factors involve substantial research and development (R&D) initiatives and the escalating penetration of the internet, especially in emerging economies, foreseeably advancing the market.

Personal Cloud Market Report Highlights

The Direct Revenue segment dominated the revenue share in 2023. The rising adoption of cloud technology is fueling a greater need for improved data security in storage. This shift is expected to propel the future adoption of the direct sales model in the personal cloud market. Moreover, the increasing reliance on mobile applications is compelling manufacturers of mobile devices to incorporate built-in personal cloud platforms with functionalities such as storage, sharing, and information management for users. With the ongoing increase in the number of internet users, the cost of storage platforms is projected to decline, adding to their popularity among users.

The Provider Hosting segment held the highest market share throughout the forecast period. In response to the escalating volume of digital files, enterprises previously dependent on server-based storage have encountered difficulties in managing, sharing, and backing up data. Presently, businesses of various scales are in pursuit of efficient data storage solutions ensuring security, availability, and continuous access.

In 2023, North America emerged as the dominant player in the market. The adoption of personal cloud is widespread, notably in organizations implementing the ""Bring Your Own Device (BYOD)"" policy. Its adoption is driven by advantageous features, including the ability to segregate and store substantial individual data accessible across multiple devices.

The global key market players include Apple, ASUS Cloud, AT&T, AWS, Box, BUFFALO Technology, Cloudike, Dropbox, Egnyte, ElephantDrive, Funambol, Google, IDrive, Microsoft, OpenDrive, Seagate Technology, SpiderOak, SugarSync, Synchronoss, and Western Digital.

Polaris Market Research has segmented the Personal Cloud market report based on user type, type, revenue type, hosting type, vertical, and region:

Personal Cloud, User Type Outlook (Revenue - USD Billion, 2019 - 2032)

Consumers

Enterprises

• SMEs
• Large Enterprises

Personal Cloud, Type Outlook (Revenue - USD Billion, 2019 - 2032)

Server Device Cloud

NAS Device Cloud

Home-made cloud

Online Cloud

Personal Cloud, Revenue Type Outlook (Revenue - USD Billion, 2019 - 2032)

Indirect Revenue

Direct Revenue

Personal Cloud, Hosting Type Outlook (Revenue - USD Billion, 2019 - 2032)

Provider Hosting

User/Self Hosting

Personal Cloud, Vertical Outlook (Revenue - USD Billion, 2019 - 2032)

BFSI

IT & ITeS

Telecommunications

Retail & e-Commerce

Government & Public Sector

Manufacturing

Energy & Utilities

Healthcare & Life Sciences

Media & Entertainment

Others

Personal Cloud, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

• U.S.
• Canada

Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

Latin America

• Argentina
• Brazil
• Mexico

Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa