Global Personal Cloud Storage Market Size, Trends, By Component (Solutions, Services), By User Type (Consumer, Enterprise), By Application (Primary Storage, Backup and Disaster Recovery, Archiving) and By Region (North America, Latin America, Europe, Asia Pacific, Central America and Africa): Global Opportunity Analysis and Industry forecast, 2023-2030.
Global Personal Cloud Storage Market
With a CAGR of 17.85 % from 2023 to 2030, the Global Personal Cloud Storage Marketis expected to grow from its estimated value of US$ 23 Bn in 2022 to US$ 140 Bn by 2030.
An individual's data or information can be stored on the cloud using personal cloud storage. This private cloud storage also provides data access from anywhere. With the use of this storage, data may be shared and synced between various devices, including tablets and mobile phones. These also go by the names cloud storage or pocket cloud storage.
Market Drivers
A platform for storing people's personal data is known as personal cloud storage. Manufacturers may be able to draw in more customers by including machine learning (ML), the internet of things (IoT), artificial intelligence (AI), and analytics in cloud storage facilities. For instance, in February 2021, the California-based startup Next Billion AI worked with Google Cloud. By utilising SQL and storage, this partnership improved on-demand market solutions. With this collaboration, the business hopes to offer 99% uptime for Next Billion artificial intelligence while also providing first-rate data security. These elements are anticipated to fuel market expansion on a global scale.
The increasing number of data breaches in the banking industry is forcing banks to adopt cloud storage, which enables them to store customer information at a location that is either maintained and owned by the bank or a third party. The end user will now have better security thanks to this. During the forecast period, it is anticipated that this will lead to a rise in the use of personal cloud storage.
Market Restraints
Lifetime storage, egress pricing, and network failure and latency difficulties associated to personal cloud environments are some of the key challenges anticipated to restrain market growth. Other factors that are anticipated to hinder the growth of the personal cloud storage market in the forecast period include privacy and data security concerns.
Market Segmentation
The scope of the Global Personal Cloud Storage Market covers segmentation based on By Component, By User Type, By Application Channel and By Region.
By Component, the market is segmented into Solutions, Services. By User Type, the market is segmented into Consumer, Enterprise. By Application, the market is segmented into Primary Storage, Backup and Disaster Recovery, Archiving.
Regional Analysis
The Global Personal Cloud Storage Market is segmented into 5 main regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Due to the substantial presence of well-established suppliers and end-user industries, North America currently holds a dominant position in the personal cloud storage market in terms of revenue and market share. High cloud storage solution usage will also accelerate this region's industry growth.
Due to the abundance of small and major cloud storage solution providers in this area, Asia-Pacific will continue to expect the greatest compound annual growth rate during the projected period.
Key Players
Akamai Technologies, Microsoft, IBM, Edgio, Google, AWS, Amazon Web Services, Inc., Oracle, Dell Inc, Fujitsu.
Market Taxonomy
By Component
• Solutions
• Services
By User Type
• Consumer
• Enterprise
By Application
• Primary Storage
• Backup and Disaster Recovery
• Archiving
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
Global Personal Cloud Storage Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Personal Cloud Storage Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn.
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Personal Cloud Storage Market, By Component
5.1 Y-o-Y Growth Comparison, By Component
5.2 Global Personal Cloud Storage Market Share Analysis, By Component
5.3 Global Personal Cloud Storage Market Size and Forecast, By Component
5.3.1 Solutions
5.3.2 Services
6 Global Personal Cloud Storage Market, By User Type
6.1 Y-o-Y Growth Comparison, By User Type
6.2 Global Personal Cloud Storage Market Share Analysis, By User Type
6.3 Global Personal Cloud Storage Market Size and Forecast, By User Type
6.3.1 Consumer
6.3.2 Enterprise
7 Global Personal Cloud Storage Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Personal Cloud Storage Market Share Analysis, By Application
7.3 Global Personal Cloud Storage Market Size and Forecast, By Application
7.3.1 Primary Storage
7.2.2 Backup and Disaster Recovery
7.2.3 Archiving
8 Global Personal Cloud Storage Market, By Region
8.1 Global Personal Cloud Storage Market Share Analysis, By Region
8.2 Global Personal Cloud Storage Market Size and Forecast, By Region
8.3 Global Personal Cloud Storage Market Trends and Forecast, By Region
9 North America Personal Cloud Storage Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Personal Cloud Storage Market Share Analysis, By Component
9.3 North America Personal Cloud Storage Market Size and Forecast, By User Type
9.4 North America Personal Cloud Storage Market Size and Forecast, By Application
9.5 North America Personal Cloud Storage Market Size and Forecast, By Country
9.5.1 U.S.
9.5.1.1. Market Size and Forecast, By Component
9.5.1.2 Market Size and Forecast, By User Type
9.5.1.3. Market Size and Forecast, By Application
9.5.2 Canada
9.5.2.1. Market Size and Forecast, By Component
9.5.2.2 Market Size and Forecast, By User Type
9.5.2.3. Market Size and Forecast, By Application
9.5.3 Mexico
9.5.3.1. Market Size and Forecast, By Component
9.5.3.2 Market Size and Forecast, By User Type
9.5.3.3. Market Size and Forecast, By Application
10 Europe Personal Cloud Storage Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Personal Cloud Storage Market Share Analysis, By Component
10.3 Europe Personal Cloud Storage Market Size and Forecast, By User Type
10.4 Europe Personal Cloud Storage Market Size and Forecast, By Application
10.5 Europe Personal Cloud Storage Market Size and Forecast, By Country
10.5.1 Germany
10.5.1.1. Market Size and Forecast, By Component
10.5.1.2 Market Size and Forecast, By User Type
10.5.1.3. Market Size and Forecast, By Application
10.5.2 France
10.5.2.1. Market Size and Forecast, By Component
10.5.2.2 Market Size and Forecast, By User Type
10.5.2.3. Market Size and Forecast, By Application
10.5.3 UK
10.5.3.1. Market Size and Forecast, By Component
10.5.3.2 Market Size and Forecast, By User Type
10.5.3.3. Market Size and Forecast, By Application
10.5.4. Russia
10.5.4.1. Market Size and Forecast, By Component
10.5.4.2 Market Size and Forecast, By User Type
10.5.4.3. Market Size and Forecast, By Application
10.5.5. Italy
10.5.5.1. Market Size and Forecast, By Component
10.5.5.2 Market Size and Forecast, By User Type
10.5.5.3. Market Size and Forecast, By Application
10.5.6. Spain
10.5.6.1. Market Size and Forecast, By Component
10.5.6.2 Market Size and Forecast, By User Type
10.5.6.3. Market Size and Forecast, By Application
10.5.7. Rest of Europe
10.5.7.1. Market Size and Forecast, By Component
10.5.7.2 Market Size and Forecast, By User Type
10.5.7.3. Market Size and Forecast, By Application
11 Asia Pacific Personal Cloud Storage Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Personal Cloud Storage Market Share Analysis, By Component
11.3 Asia Pacific Personal Cloud Storage Market Size and Forecast, By User Type
11.4 Asia Pacific Personal Cloud Storage Market Size and Forecast, By Application
11.5 Asia Pacific Personal Cloud Storage Market Size and Forecast, By Country
11.5.1 China
11.5.1.1. Market Size and Forecast, By Component
11.5.1.2 Market Size and Forecast, By User Type
11.5.1.3. Market Size and Forecast, By Application
11.5.2 Japan
11.5.2.1. Market Size and Forecast, By Component
11.5.2.2 Market Size and Forecast, By User Type
11.5.2.3. Market Size and Forecast, By Application
11.5.3 India
11.5.3.1. Market Size and Forecast, By Component
11.5.3.2 Market Size and Forecast, By User Type
11.5.3.3. Market Size and Forecast, By Application
11.5.4. South Korea
11.5.4.1. Market Size and Forecast, By Component
11.5.4.2 Market Size and Forecast, By User Type
11.5.4.3. Market Size and Forecast, By Application
11.5.5. Australia
11.5.5.1. Market Size and Forecast, By Component
11.5.5.2 Market Size and Forecast, By User Type
11.5.5.3. Market Size and Forecast, By Application
11.5.6. New Zealand
11.5.6.1. Market Size and Forecast, By Component
11.5.6.2 Market Size and Forecast, By User Type
11.5.6.3. Market Size and Forecast, By Application
11.5.7. Singapore
11.5.7.1. Market Size and Forecast, By Component
11.5.7.2 Market Size and Forecast, By User Type
11.5.7.3. Market Size and Forecast, By Application
11.5.8. Malaysia
11.5.8.1. Market Size and Forecast, By Component
11.5.8.2 Market Size and Forecast, By User Type
11.5.8.3. Market Size and Forecast, By Application
11.5.9. Rest of Asia
11.5.9.1. Market Size and Forecast, By Component
11.5.9.2 Market Size and Forecast, By User Type
11.5.9.3. Market Size and Forecast, By Application
12 Latin America Personal Cloud Storage Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Personal Cloud Storage Market Share Analysis, By Component
12.3 Latin America Personal Cloud Storage Market Size and Forecast, By User Type
12.4 Latin America Personal Cloud Storage Market Size and Forecast, By Application
12.5 Latin America Personal Cloud Storage Market Size and Forecast, By Country
12.5.1 Brazil
12.5.1.1. Market Size and Forecast, By Component
12.5.1.2 Market Size and Forecast, By User Type
12.5.1.3. Market Size and Forecast, By Application
12.5.2 Argentina
12.5.2.1. Market Size and Forecast, By Component
12.5.2.2 Market Size and Forecast, By User Type
12.5.2.3. Market Size and Forecast, By Application
12.5.3. Colombia
12.5.3.1. Market Size and Forecast, By Component
12.5.3.2 Market Size and Forecast, By User Type
12.5.3.3. Market Size and Forecast, By Application
12.5.4. Peru
12.5.4.1. Market Size and Forecast, By Component
12.5.4.2 Market Size and Forecast, By User Type
12.5.4.3. Market Size and Forecast, By Application
12.5.5. Chile
12.5.5.1. Market Size and Forecast, By Component
12.5.5.2 Market Size and Forecast, By User Type
12.5.5.3. Market Size and Forecast, By Application
12.5.6. Venezuela
12.5.6.1. Market Size and Forecast, By Component
12.5.6.2 Market Size and Forecast, By User Type
12.5.6.3. Market Size and Forecast, By Application
12.5.7. rest of Latin America
12.5.7.1. Market Size and Forecast, By Component
12.5.7.2 Market Size and Forecast, By User Type
12.5.7.3. Market Size and Forecast, By Application
13 Middle East Personal Cloud Storage Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Personal Cloud Storage Market Share Analysis, By Component
13.3 Middle East Personal Cloud Storage Market Size and Forecast, By User Type
13.4 Middle East Personal Cloud Storage Market Size and Forecast, By Application
13.5 Middle East Personal Cloud Storage Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.1.1. Market Size and Forecast, By Component
13.5.1.2 Market Size and Forecast, By User Type
13.5.1.3. Market Size and Forecast, By Application
13.5.2 UAE
13.5.2.1. Market Size and Forecast, By Component
13.5.2.2 Market Size and Forecast, By User Type
13.5.2.3. Market Size and Forecast, By Application
13.5.3 Egypt
13.5.3.1. Market Size and Forecast, By Component
13.5.3.2 Market Size and Forecast, By User Type
13.5.3.3. Market Size and Forecast, By Application
13.5.4 Kuwait
13.5.4.1. Market Size and Forecast, By Component
13.5.4.2 Market Size and Forecast, By User Type
13.5.4.3. Market Size and Forecast, By Application
13.5.5 South Africa
13.5.5.1 Market Size and Forecast, By Component
13.5.5.2 Market Size and Forecast, By User Type
13.5.5.3 Market Size and Forecast, By Application
13.5.5 Rest of Middle East & Africa
13.5.6.1 Market Size and Forecast, By Component
13.5.6.2 Market Size and Forecast, By User Type
13.5.6.3 Market Size and Forecast, By Application
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Akamai Technologies
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Microsoft
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. IBM
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Edgio
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Google
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 AWS
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Amazon Web Services, Inc
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Oracle
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Dell Inc
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Fujitsu
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
