Personal Cloud Storage Market, Price Trends by Revenue, Top Manufacturers, Industry Chain Analysis, and Modest Strategies, Global Share Forecast to 2027
Market Highlights:
The worst of the coronavirus recession has affected every business, even the global Personal Cloud Storage Market 2020, as per analysis done by Market Research Future (MRFR). The situation is highly opting to stow away tens of billions of dollars to prepare for an expected wave of loan losses. But the market is showing profits to a great extent which is recorded to be 35.6% CAGR during the forecast period, 2019–2025. The latest study conducted by MRFR has collected the figures.
Top Impacting Factors
Cloud has become one of the leading resources for a business. The technology has abridged the burden of storage from the hands of business organizations and is now helping organizations to improve their infrastructure. As a result of this, businesses are incorporating their personal cloud. Locking at the growth in the approval of the personal clouds, the global personal cloud market is wished for witnessing a substantial growth over the period.
Looking at the cosmic advantages, the technology might offer to the businesses, where numerous players are joining the association of the cloud service providers. Yet, the consolidated personal cloud market owing to the incidence of a handful of prominent players such as Microsoft, Amazon, IBM, and Apple is highly competitive. This nature of the market is posing outstanding opportunities for the players to invest that are enthusiastic about entering the global personal care market.
On the parameters of these factors, therefore in order to have a sustainable future in the market, the imminent players are engaging in strategies such as partnerships and collaborations. These strategies allow them to build a well-built network of distribution channel that can ensure the development of their business in the global personal cloud market. This, in tune, will create chances for the market to expand double-digit in the future timeframe.
In case of point, in November 2019, Microsoft and AT&T announced a partnership with each other. The partnership shall allow Microsoft to use AT&T’s 5G network for a flawless data transfer. The strategy will also allow Microsoft to strengthen its grip over the global personal cloud market to boost in future.
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Major Key Players:
The global personal cloud storage market is characterized by the occurrence of several regional and local providers such as Apple, Amazon, Seagate, Google, Microsoft, Box, Engyte, Dropbox, Sygarsync., Buffalo Technology, Gemalto, Lima Technology, D-Link Corporation, MEGA Ltd., Mozy Inc., ElephantDrive, and Dell among others.
Segment Analysis:
The global personal cloud storage market study has further included segments such as revenue type, user type, and hosting type.
Concerning revenue type segment, the market has included direct revenue and indirect revenue.
Concerning user type, the market has included small business, individual, and medium business.
Concerning hosting type segment, the market has included providers hosting and users hosting.
Regional Analysis:
Geographically, the global personal cloud storage market, has been studied among four regions, namely Europe, North America, Middle East & Africa, Asia-Pacific, and South America.
North America leads the personal cloud storage market owing to the advent of new technologies and surged awareness among the masses in the region.
Along with North America, Europe is accepted to prove significant expansion opportunities during the assessment period.
Asia-Pacific is approximate to cultivate rapidly with the highest CAGR and is likely to contribute immensely to the market revenue. The market in the Middle East and Africa is also expected to cultivate, and its progress will rely heavily on the need for service agility and data security concerns. Similarly, the market in South America might also inflate steadily over the assessment period.
Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
Continued…
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