Torque IT

Jan 29, 2020

News provided by Share this article Growing initiatives to digitalize content across enterprises expected to drive the growth of the personal cloud market The personal cloud industry is driven by various factors, such as the proliferation of digital content and upsurge in internet usage. However, data security and privacy concerns can hinder the growth of the market. The indirect revenue segment is projected to grow at the highest CAGR during the forecast period Indirect revenue means the revenue generated from sources other than direct subscription pricing. An indirect revenue source could be licensing, advertising, business tie-up with major technology providers or device manufacturers, and white-label cloud offering. Presently, most of the personal cloud service providers do not consider these revenues as a major source, but the scenario is expected to change in the coming years. The enterprises' segment is expected to account for the highest share during the forecast period The traction of personal cloud in enterprises is higher compared to consumers. This is due to the affordability and top economies of scale that enable the organizations to leverage personal cloud. Companies leave no stone unturned to compete in the cut-throat competitive world; hence, they spend a significant amount in adopting personal cloud. The personal cloud market is said to be undergoing significant technological transitions, such as enhancement in AI technologies and use of mobile devices. Enterprises highly adopt all these advancements. APAC is expected to grow at the highest rate during the forecast period The personal cloud market in APAC is expected to grow at the highest CAGR during the forecast period, as the large-scale penetration of mobile devices is enhancing data generation activities, leading to greater demand for storage services such as personal cloud. China, Japan, and India have emerged as undisputed leaders in the personal cloud industry. Competitive Landscape Major vendors offering personal cloud solution across the globe are Google (US), Microsoft (US), Apple (US), Dropbox (US), AWS (US), Box (US), Seagate (US), Western Digital (US), Synchronoss (US), Egnyte (US), Buffalo Technology (Japan), Funambol (US), SugarSync (US), D-Link (Taiwan), ElephantDrive (US), ownCloud (Germany), Cloudike (US), SpiderOak (US), pCloud (Switzerland), and Tresorit (Switzerland). The study includes an in-depth competitive analysis of the key players in the personal cloud market, with their company profiles, recent developments, and key market strategies. Key Topics Covered 6.4 Is This Model Profitable? 6.5 Pricing Models for Future 7 Personal Cloud Market, By Revenue Type 7.1 Introduction 7.2 Direct Revenue 7.2.1 Growing Need to Securely Store, Share, and Access Digital Content Driving the Growth of the Direct Revenue Segment 7.3 Indirect Revenue 7.3.1 Increasing Number of Business Tie-Ups With Technology Vendors and Device Manufacturers to Boost the Growth of the Indirect Revenue Segment 8 Personal Cloud Market, By User Type 8.1 Introduction 8.2 Enterprises 8.2.1 Need to Access Business Applications From Any Device, Anywhere Driving the Adoption of Personal Cloud Among Enterprises 8.3 Consumers 8.3.1 Growing Usage of Mobile Devices and Personal Digital Content to Boost the Adoption of Personal Cloud Among Consumers 9 Personal Cloud Market, By Region 9.1 Introduction