Key players include Amazon, Apple, Box, Buffalo Technology, Drobo , Dropbox, Egnyte, Google, Iomega, LiveDrive, Microsoft, Mozy, Pogoplug, Polkast, Seagate Technology, Sugarsync and many more.
(PRWEB) March 21, 2015
This MarketsandMarkets report forecasts that the global Personal cloud market is to reach $43.5 billion in 2018. This represents a compound annual growth rate (CAGR) of 45.61% from 2013 to 2018.
Explore personal cloud market with 150+ market data table/figures spread through 176 pages and in-depth TOC.
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In the current scenario individual users will continue to be largest market for Personal cloud services but small business users and medium business users are also set to adopt this service in the near future to a larger extent. In terms of geographies North America continues to be the biggest market for Personal cloud solutions followed by Europe. However over the next five years Asia-Pacific (APAC) and Middle East & Africa (MEA) will experience increased market traction once proper awareness is created.
MarketsandMarkets has segmented the global personal cloud market by types of revenues, deployment models and types of hosting. The types of revenues segment comprises of Direct revenues and Indirect revenues; whilst deployment models consists of Individual, Small business and Medium business segments. The types of hosting segment consist of Provider hosting and user hosting. All these segments are further bifurcated by geographies. Geographies covered include North America (NA), Europe, Asia-Pacific including Japan (APAC), Middle East & Africa (MEA) and Latin America (LA).
The major forces driving the market are factors such as Data Generation & Access, Disaster Recovery & Contingency Planning, Remote Access and BYOD & Mobile Workforce. At the same time, opportunities in Creating Awareness, Business Tie-ups with Electronic Device Manufacturers and Making Personal Cloud Appealing to Business Users will benefit the growth in this market.
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