Global Personal Cloud Market Forecast to 2025 released By Global Market Insights, Inc. provides market information about industry top key players, countries, type and application. This report also states company profile, sales, market revenue and price, market share, market growth and gross margin by regions, strategic recommendations for the new entrants, market forecasts for a minimum of five years of all the mentioned segments, sub segments and the regional markets.
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The personal cloud market faces vulnerability with the addition of cloud services as the users or employees store their data over the cloud. According to industry experts, employees risk the potentially sensitive data of an organization, which may become a threat to the organization in the future. IT needs to discover or come up with solutions to secure sensitive information in the cloud. The IT professionals need to innovate and emphasize on file-level security than storage level security.
The personal cloud market is driven by the increase in demand for cost-efficient storage, data sharing, ease in data access, use of portable devices, and safety against data loss. One of the primary benefits of cloud includes storage space management at the users’ residence with data center infrastructure to the service provider. Cloud market services provide improved accessibility, sharing users’ data, and increased security features and storage facilities, leading to improved user experience and ease-of-access. The personal cloud market has also benefited from the upsurge of broadband connections and smartphones. It is expected that these services shall be in demand among business customers and individuals owing to the need for data storage platforms, leading to the enhanced adoption of cloud solutions and services.
North America leads the personal cloud market owing to the advent of new technologies and increased awareness among the masses in the region. The region holds the largest share of professional services in the cloud market, which can be attributed to the early adoption of cloud services in the U.S. market. The driving factor to aid cloud computing in the region is the minimal capital expenditure. The benefits the region offers in the market include enhanced flexibility and agility with the capability to deploy new apps smoothly. Along with North America, Europe leads in the utilization of cloud services. The personal cloud market is growing rapidly creating intriguing opportunities for outsourcing as SMEs and large enterprises use cloud services to ensure flexibility in their IT environment.
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The APAC region is emerging as a leading personal cloud market, which is expected to contribute immensely to the market revenue. The region shall experience an increasing demand to offer cloud services and solutions than Europe and North America owing to fast broadband networks with enhanced usage of multimedia devices. The market in the Middle East and Africa is also expected to grow and its progress will rely heavily on the need for service agility and data security concerns. Similarly, the market in Latin America will grow steadily over the forecast period.
It is estimated that the adoption of personal cloud services shall witness a positive growth owing to the increase in the use of hybrid cloud within large enterprises. Therefore, it is anticipated that IT will invest in the reliable network infrastructure or the adoption of hybrid cloud for services. Some of the key players present in the personal cloud market are AWS, Apple, Buffalo Technology, Barracuda Networks, Dropbox, Box, SugarSync, SpiderOak, Google, Engyte, Mediafire, Microsoft, and Seagate.
Methodology used in Personal Cloud Market Report –
Our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the industry. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:
- Definition and scope of research
- Market dynamics, growth drivers and industry pitfalls
- Regulatory and political guidelines for the industry
- Demographics and statistical data
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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, Application, renewable energy and bio Application.
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