Global Personal Cloud Market is growing at a CAGR of 45.9% from 2017 to 2025
The Global Personal Cloud Market was valued at USD 17.65 billion in 2016 and is projected to reach USD 528.86 billion by 2025, growing at a CAGR of 45.9% from 2017 to 2025. A personal cloud is a collection of digital content and services which are accessible from any device. It is a place which gives users the ability to store, synchronize, stream and share content on a relative core, moving from one platform, screen and location to another. There are four types of personal cloud including, Online cloud, NAS device cloud, server device cloud, and home-made clouds. Personal Cloud has many benefits including larger storage, faster uploads, cheaper costs, and ability to sync data among multiple devices. Market Dynamics: 1. Market Drivers 1.1 Disaster Recovery 1.2 Fast, Real-Time Access to Data 1.3 Increasing trend for BYOD and mobile workforce 1.4 Increasing Knowledge about Personal Cloud 2. Market Restraints 2.1 Concerns for Data Security and Privacy over Cloud 2.2