$73+ Billion Personal Cloud Market Outlook Report, 2024 - Featuring Use Cases of Egnyte, Synchronoss, and Torque IT
DUBLIN, Jan. 29, 2020 /PRNewswire/ -- The "Personal Cloud Market by Revenue Type (Direct Revenue and Indirect Revenue), User Type (Enterprises and Consumers), and Region (North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America) - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The global personal cloud market is projected to grow from USD 23,716 million in 2019 to USD 73,412 million by 2024, at a Compound Annual Growth Rate (CAGR) of 25.4% during the forecast period.
Growing initiatives to digitalize content across enterprises expected to drive the growth of the personal cloud market
The personal cloud industry is driven by various factors, such as the proliferation of digital content and upsurge in internet usage. However, data security and privacy concerns can hinder the growth of the market.
The indirect revenue segment is projected to grow at the highest CAGR during the forecast period
Indirect revenue means the revenue generated from sources other than direct subscription pricing. An indirect revenue source could be licensing, advertising, business tie-up with major technology providers or device manufacturers, and white-label cloud offering. Presently, most of the personal cloud service providers do not consider these revenues as a major source, but the scenario is expected to change in the coming years.
The enterprises' segment is expected to account for the highest share during the forecast period
The traction of personal cloud in enterprises is higher compared to consumers. This is due to the affordability and top economies of scale that enable the organizations to leverage personal cloud. Companies leave no stone unturned to compete in the cut-throat competitive world; hence, they spend a significant amount in adopting personal cloud. The personal cloud market is said to be undergoing significant technological transitions, such as enhancement in AI technologies and use of mobile devices. Enterprises highly adopt all these advancements.
APAC is expected to grow at the highest rate during the forecast period
The personal cloud market in APAC is expected to grow at the highest CAGR during the forecast period, as the large-scale penetration of mobile devices is enhancing data generation activities, leading to greater demand for storage services such as personal cloud. China, Japan, and India have emerged as undisputed leaders in the personal cloud industry.
Competitive Landscape
Major vendors offering personal cloud solution across the globe are Google (US), Microsoft (US), Apple (US), Dropbox (US), AWS (US), Box (US), Seagate (US), Western Digital (US), Synchronoss (US), Egnyte (US), Buffalo Technology (Japan), Funambol (US), SugarSync (US), D-Link (Taiwan), ElephantDrive (US), ownCloud (Germany), Cloudike (US), SpiderOak (US), pCloud (Switzerland), and Tresorit (Switzerland).
The study includes an in-depth competitive analysis of the key players in the personal cloud market, with their company profiles, recent developments, and key market strategies.
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Personal Cloud Market
4.2 North America: Market, By Revenue Type and Country, 2019
4.3 Personal Cloud Market, By User Type, 2019-2024
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Proliferation of Digital Content and Upsurge in Internet Usage
5.2.1.2 Need for Disaster Recovery and Contingency Plan
5.2.2 Restraints
5.2.2.1 Data Security and Privacy Concerns
5.2.3 Opportunities
5.2.3.1 Increasing Business Tie-Ups With Device Manufacturers
5.2.3.2 Bridging the Connectivity and Accessibility GAP
5.2.4 Challenges
5.2.4.1 Lack of Interoperability Due to Vendor Lock-In
5.3 Use Cases
5.3.1 Use Case 1: Egnyte
5.3.2 Use Case 2: Synchronoss
5.3.3 Use Case 3: Torque IT
5.4 Standards and Regulations
5.4.1 ISO/IEC 27018
5.4.2 Health Insurance Portability and Accountability Act
5.4.3 General Data Protection Regulation
5.4.4 Family Educational Rights and Privacy Act
6 Personal Cloud Market, By Pricing Strategy
6.1 Introduction
6.2 Freemium Model
6.3 Free Users Vs. Paid Users
6.4 Is This Model Profitable?
6.5 Pricing Models for Future
7 Personal Cloud Market, By Revenue Type
7.1 Introduction
7.2 Direct Revenue
7.2.1 Growing Need to Securely Store, Share, and Access Digital Content Driving the Growth of the Direct Revenue Segment
7.3 Indirect Revenue
7.3.1 Increasing Number of Business Tie-Ups With Technology Vendors and Device Manufacturers to Boost the Growth of the Indirect Revenue Segment
8 Personal Cloud Market, By User Type
8.1 Introduction
8.2 Enterprises
8.2.1 Need to Access Business Applications From Any Device, Anywhere Driving the Adoption of Personal Cloud Among Enterprises
8.3 Consumers
8.3.1 Growing Usage of Mobile Devices and Personal Digital Content to Boost the Adoption of Personal Cloud Among Consumers
9 Personal Cloud Market, By Region
9.1 Introduction
9.2 North America
9.3 Europe
9.4 Asia-Pacific
9.5 Middle East & Africa
9.6 Latin America
10 Competitive Landscape
10.1 Introduction
10.1.1 New Product Launches
10.1.2 Partnerships and Collaborations
10.1.3 Acquisitions
10.2 Competitive Leadership Mapping
10.2.1 Visionary Leaders
10.2.2 Innovators
10.2.3 Dynamic Differentiators
10.2.4 Emerging Companies
11 Company Profiles
11.1 Introduction
11.2 Google
11.3 Microsoft
11.4 Apple
11.5 AWS
11.6 Dropbox
11.7 Box
11.8 Seagate
11.9 Western Digital
11.10 Synchronoss
11.11 Egnyte
11.12 Buffalo Technology
11.13 Funambol
11.14 SugarSync
11.15 D-Link
11.16 ElephantDrive
11.17 ownCloud
11.18 Cloudike
11.19 SpiderOak
11.20 pCloud
11.21 Tresorit
11.22 Asus Cloud
11.23 Right-To-Win
For more information about this report visit https://www.researchandmarkets.com/r/qe05xx
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