Global Personal Cloud Market is Expected to Grow from an Estimated Value of USD 23.7 Billion in 2019 to USD 73.4 Billion by 2024, at a CAGR of 25.4% - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Personal Cloud Market by Revenue Type (Direct Revenue and Indirect Revenue), User Type (Enterprises and Consumers), and Region (North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America) - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

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.

Key benefits of buying the report

• The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall personal cloud market and the subsegments.
• This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies.
• The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Key Topics Covered:

1 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.2.1 Inclusions and Exclusions

1.3 Market Scope

1.3.1 Market Segmentation

1.3.2 Regions Covered

1.4 Years Considered for the Study

1.5 Currency Considered

1.6 Stakeholders

2 Research Methodology

2.1 Research Data

2.1.1 Secondary Data

2.1.2 Primary Data

2.1.2.1 Breakup of Primary Profiles

2.1.2.2 Key Industry Insights

2.2 Market Breakup and Data Triangulation

2.3 Market Size Estimation

2.3.1 Top-Down Approach

2.3.2 Bottom-Up Approach

2.4 Market Forecast

2.5 Assumptions for the Study

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in the Personal Cloud Market

4.2 North America: Market, By Revenue Type and Country, 2019

4.3 Personal Cloud Market, By User Type, 2019-2024

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.2 Restraints

5.2.3 Opportunities

5.2.4 Challenges

5.3 Use Cases

5.3.1 Use Case 1: Egnyte

5.3.2 Use Case 2: Synchronoss

5.3.3 Use Case 3: Torque It

5.4 Standards and Regulations

6 Personal Cloud Market, By Pricing Strategy

6.1 Introduction

6.2 Freemium Model

6.3 Free Users Vs. Paid Users

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

7.3 Indirect Revenue

8 Personal Cloud Market, By User Type

8.1 Introduction

8.2 Enterprises

8.3 Consumers

9 Personal Cloud Market, By Region

9.1 Introduction

9.2 North America

9.3 Europe

9.4 Asia Pacific

9.5 Middle East and Africa

9.6 Latin America

10 Competitive Landscape

10.1 Introduction

10.1.1 New Product Launches

10.1.2 Partnerships and Collaborations

10.1.3 Acquisitions

10.2 Competitive Leadership Mapping

10.2.1 Visionary Leaders

10.2.2 Innovators

10.2.3 Dynamic Differentiators

10.2.4 Emerging Companies

11 Company Profiles

11.1 Introduction

11.2 Google

11.3 Microsoft

11.4 Apple

11.5 AWS

11.6 Dropbox

11.7 Box

11.8 Seagate

11.9 Western Digital

11.10 Synchronoss

11.11 Egnyte

11.12 Buffalo Technology

11.13 Funambol

11.14 SugarSync

11.15 D-Link

11.16 ElephantDrive

11.17 ownCloud

11.18 Cloudike

11.19 SpiderOak

11.20 pCloud

11.21 Tresorit

11.22 Asus Cloud

11.23 Right-To-Win

For more information about this report visit https://www.researchandmarkets.com/r/tb49sn