Global personal cloud market is expected to reach above USD 85.0 billion by 2022. The industry is expected to grow over the next seven years at a significant rate on account of increasing investments for technological development. Rising demand for storing and sharing personal or professional data is expected to augment the market over the forecast period. Demand for cloud computing is expected to increase with the rising population and its technology awareness among consumers primarily in Asia Pacific.
Full research report on Personal Cloud Market analysis:
The product provides continues access to employees and keep their documents secure which encourages organizations to incorporate these services in their business. The product has wide application scope in small and medium enterprises in various end-use industries. Rising demand for personal cloud solutions and services to sync, store and share documents, files and photos is expected to augment the market over the forecast period.
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Enterprises demanding advanced solutions to expand their market are expected to install the product which in turn will augment its demand over the next seven years. Application developers are increasing product applications at low cost which is expected to drive the market over the next seven years. Digital applications, recovery of the destroyed data and rising data generation activities are also expected to have appositive impact on industry demand over the next seven years.
In the enterprise sectors, bring-your-own-device (BYOD) trend is gaining acceptance which benefits the enterprises on account of improved productivity, flexibility and reduction of the infrastructure costs. The product facilitates file storage and sharing of the data in and among numerous enterprises. However, issues regarding security and safety of stored data are expected the challenge growth over the next seven years.
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The product offers storage space at user home and data center of the service provider. The product helps users to view these documents using internet connected devices such as laptops, smart phones and tablets. The wide use of camera-equipped devices such as smart phones and tablets has created huge product demand for secured storage of the digital content. New standards for the personal cloud industry such as fast and convenient access to stored data and sharing of information is expected to create cost effective opportunities for market players over the forecast period.
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