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Global Personal Cloud Market Size, Trends, Growth, Forecast: By Revenue Type: Direct, Indirect; By Hosting Type: Service Providers, Consumers; By End Use: Individuals, Enterprises; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2023-2028
Global Personal Cloud Market Outlook
The global personal cloud market size attained approximately USD 20.9 billion in 2022. The market is estimated to grow at a CAGR of 20.90% in the forecast period of 2023-2028, reaching a value of around USD 65.4 billion by 2028.
Key Trends in the Market
Personal cloud is a private cloud facility that allows users to share, access, and synchronise data across cloud platforms and devices. It is primarily owned by users and small organisations and offers remote access, lower costs, and improved storage space.
- The proliferation of bring-your-own-device (BYOD) and work-from-home trends across the world are contributing to the personal cloud market growth. Personal cloud services reduce infrastructural costs, offer flexibility, and facilitate the sharing of data in and across the organisation.
- A surge in the deployment of hybrid cloud models that implement personal cloud service for housing sensitive data and public cloud service to provide scalability to dynamic workloads and process large volumes of data is also one of the crucial personal cloud market trends.
- Growth in partnerships and strategic alliances between market players for the development of personal cloud platforms that offer better accessibility, operational efficiency, and collaborative features while providing digital identity is expected to provide a positive outlook to the market in the forecast period.
Market Analysis
Based on revenue type, the market is bifurcated into direct and indirect. The personal cloud market segmentation, on the basis of hosting type, includes service providers and consumers. Based on end use, the market is categorised into individuals and enterprises. The regional markets for the personal cloud are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the personal cloud market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Alphabet Inc.
- Amazon Web Services Inc.
- Microsoft Corporation
- Apple Inc.
- Dropbox Inc.
- Box, Inc.
- Buffalo Americas, Inc.
- Barracuda Networks, Inc.
- Seagate Technology LLC
- OpenDrive, LLC
- Others
Market Share by Revenue Type
Direct revenue occupies a significant portion of the global personal cloud market share owing to the growing subscription to personal cloud services for access to premium features. Users and organisations can choose tier-based plans based on their budget and storage requirements, boosting the revenue of any cloud service provider. Features such as additional storage, data recovery, and migration can be accessed by availing different plans, contributing to the segment’s growth.
Market Share by Region
As per the personal cloud market analysis, North America accounts for a substantial share of the global market due to the increased adoption of cloud computing in the region. The prevalence of remote work culture fuels the deployment of personal cloud platforms that provide convenient storage and collaboration benefits to employees.
Furthermore, the growing implementation of IoT and SaaS by North American enterprises is expected to contribute to the personal cloud market expansion. The presence of key market players such as Microsoft, Apple, and Amazon, among others, also drives the market demand in the region.
Competitive Landscape
Alphabet Inc., a multinational technology company, was founded in 2015 and is based in California, the United States. The company provides a wide array of products and services such as cloud, hardware, search ads, and YouTube.
Amazon Web Services Inc., launched in 2006, is an Amazon subsidiary with headquarters in Washington, the United States. It is one of the leading cloud platform providers to startups, large enterprises, and government agencies.
Microsoft Corporation, established in 1975, is a multinational technology corporation best known for its Microsoft Windows software and Office suite. The company, based in Washington, the United States, also offers consumer electronics, software products, and cloud computing services.
Other personal cloud market players include Apple Inc., Dropbox Inc., Box, Inc., Buffalo Americas, Inc., Barracuda Networks, Inc., Seagate Technology LLC, and OpenDrive, LLC, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Revenue Type |
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| Breakup by Hosting Type |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Personal Cloud Market Analysis
8.1 Key Industry Highlights
8.2 Global Personal Cloud Historical Market (2018-2022)
8.3 Global Personal Cloud Market Forecast (2023-2028)
8.4 Global Personal Cloud Market by Revenue Type
8.4.1 Direct
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Indirect
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.5 Global Personal Cloud Market by Hosting Type
8.5.1 Service Providers
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Consumers
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.6 Global Personal Cloud Market by End Use
8.6.1 Individuals
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Enterprises
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.7 Global Personal Cloud Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Personal Cloud Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Personal Cloud Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Personal Cloud Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Personal Cloud Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Personal Cloud Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Alphabet Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Amazon Web Services Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Microsoft Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Apple Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Dropbox Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Box, Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Buffalo Americas, Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Barracuda Networks, Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Seagate Technology LLC
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 OpenDrive, LLC
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Personal Cloud Market: Key Industry Highlights, 2018 and 2028
2. Global Personal Cloud Historical Market: Breakup by Revenue Type (USD Billion), 2018-2022
3. Global Personal Cloud Market Forecast: Breakup by Revenue Type (USD Billion), 2023-2028
4. Global Personal Cloud Historical Market: Breakup by Hosting Type (USD Billion), 2018-2022
5. Global Personal Cloud Market Forecast: Breakup by Hosting Type (USD Billion), 2023-2028
6. Global Personal Cloud Historical Market: Breakup by End Use (USD Billion), 2018-2022
7. Global Personal Cloud Market Forecast: Breakup by End Use (USD Billion), 2023-2028
8. Global Personal Cloud Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Personal Cloud Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Personal Cloud Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Personal Cloud Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Personal Cloud Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Personal Cloud Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Personal Cloud Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Personal Cloud Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Personal Cloud Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Personal Cloud Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Personal Cloud Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Personal Cloud Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Personal Cloud Market Structure
Key Questions Answered in the Report
In 2022, the market reached an approximate value of USD 20.9 billion.
The market is projected to grow at a CAGR of 20.90% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028, reaching a value of around USD 65.4 billion by 2028.
The major market drivers are increasing internet penetration, growing usage of smart devices across the world, and the rise in popularity of cloud computing.
The key trends of the market include the growing trend of work-from-home and BYOD, the deployment of hybrid cloud models for better functionality, and partnerships and strategic alliances between market players.
The major regions in the market are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Direct and indirect are various revenue types of personal cloud.
The key players in the market are Alphabet Inc., Amazon Web Services Inc., Microsoft Corporation, Apple Inc., Dropbox Inc., Box, Inc., Buffalo Americas, Inc., Barracuda Networks, Inc., Seagate Technology LLC, and OpenDrive, LLC, among others.
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