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Rosy future predicted for the global personal cloud market

Rosy future predicted for the global personal cloud market

According to this report, the global personal cloud market was valued around USD XX.XX billion in 2016 and is expected to reach USD XX.XX billion by 2022, at a CAGR of 36.02% for the forecast period from 2017 to 2022.

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The global personal cloud market is segmented into three depending on its use, revenue and type of hosting. The market is segmented on the basis of use such as individual, small business and large organizations.

Individual users segment is expected to dominate the market over the forecast period. The market can also be segmented into host type including user host and provider host.

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The demand for user hosted cloud storage is expected to be high due to easy availability and cost effectiveness of cloud solutions from service providers.

 this report splits Global into several key Regions, with production, consumption, revenue, market share and growth rate of Personal Cloud in these regions, from 2011 to 2021 (forecast), like
North America
Europe
China
Japan
Southeast Asia
India

The increase in the number of social media sites and upsurge in smartphone and broadband connections have boosted the growth of personal cloud services. As the technology is getting advanced day by day personal cloud services have started offering interactivity, convenience and user privacy which was not possible before but the advancing technology has made it possible.

Fast & real time access to data and growing awareness is a couple of drivers influencing the growth of the market.

They have set up new standards for individuals to utilize the cloud computing services by offering better user experience and ease of use. The increase in the number of social media sites and upsurge in smartphone and broadband connections have boosted the growth of personal cloud services.

The use of these services for storing photos, videos, contacts and other important files among individuals is the most dominant application as compared to other applications. The usage of multiple devices would drive the rapid adoption of personal cloud solutions among individuals.

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