Personal Cloud Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2020 - 2025

 Overview

Personal cloud market size is forecast to surpass $177 billion by 2025, growing at CAGR 17.8% during 2020-2025 owing to the increasing number of smartphone users globally with growing penetration of 4G subscribers. Apart from this, the significant rise in enterprises opting for indirect personal cloud services due to its less go-to-market time, higher profit margins and so on. This is set to assist the market growth especially in the small and medium business end users during the forecast period 2020-2025.

Key Takeaways- Personal Cloud Industry Outlook

  • Small and medium business market vertical for personal cloud to witness prominent growth rate during 2020-2025, owing to the low cost, ease of scalability and elimination of the need for big IT team
  • Increase penetration of mobile workers in SME along with adoption of Bring-Your-Own-Device (BYOD) scheme to reduce the IT infrastructure cost also set to drive the personal cloud market
  • Explosive growth of smartphones and connected devices to create a significant surge for personal cloud services for OTG data storage featuring anytime and anywhere access to the data across multiple platforms

User Type - Segment Analysis

The individual user segment is estimated to acquire the major market share in 2018 owing to the explosive growth in the number of smartphone users. The surge the demand for cloud storage of mobile data incorporating contacts, pictures, videos, messages and other files for access at any point of time and place; this is analyzed to be the major driver driving the individual personal cloud market. Small and medium business users for personal cloud segment, particularly for NAS Device cloud and service device cloud is set to witness significant growth of CAGR 19% during the forecast period 2020-2025 owing to shift to personal cloud for file storage due to its cost effectiveness as compared to onsite storage servers, thereby eliminating the need for IT staff

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The Geography - Segment Analysis

North America dominated the personal cloud market acquiring a share of around 35% in 2018 owing to the large base for customers with on-the-go storage needs coupled by the higher purchasing power towards new technology based products. Additionally, the penetration of connected technologies such as smart home, smart devices and so on is also significant driving the demand for personal cloud as a one stop solution for dumping the backup data generated from multiple connected devices for ease of access from any mobile devices. APAC personal cloud market is estimated to witness the highest growth rate during 2020-2025 owing to the growing tech savvy customer base in this region. Apart from this adoption of 5G in this region from 2020 is set to open up new opportunities for personal cloud market as high speed data transmission and on-the-go data access is set to lower the data loading time thereby attracting more customer attention

Drivers – Personal Cloud Industry

·         Broad 4G customer base

As per GSMA, the global 4G connections surpassed 3.4 billion subscribers which stood as 43% penetration in the total subscribers by the end of 2018. This is set to reach 59% by 2025 with smartphone adoption surging to 79% by 2025 from 60% in 2018. The significant increase in number of smartphone users with 4G connections is set to propel the personal cloud market growth during 2020-2025. This combined with the advent of cloud computing will drive the personal cloud market.


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Location: United States

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