Global Personal Cloud Market Report and Forecast 2024-2032

Global Personal Cloud Market Outlook

The global personal cloud market size attained approximately USD 25.27 billion in 2023. The market is estimated to grow at a CAGR of 20.9% in the forecast period of 2024-2032, reaching a value of around USD 139.73 billion by 2032.

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

Personal Cloud Market Report Snapshots

Personal Cloud Market Size

Personal Cloud Market Share

Personal Cloud Market Analysis

Personal Cloud Companies