The Global Market for Personal Cloud is Projected to Reach US$71.3 Billion by 2020

The Era of Ubiquitous Computing Drives the Personal Cloud Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Personal Cloud market. The global market for Personal Cloud is projected to reach US$71.3 billion by 2020, driven by the era of ubiquitous computing, the evolution of hyper-connected communities, and the development of specialized clouds to orchestrate modern consumers’ mobile computing lives

In the current era of wireless living, mobility is a ubiquitous need. The always-connected digital lifestyle is triggering the need for easy data access, syncing and sharing anytime, anywhere. A rising percentage of the world population is currently “Motivated by Mobility” utilizing mobile computing devices and technologies to manage personal, social and work lives. Personal cloud is designed to support the spiraling sales of mobile computing devices such as laptops, tablets, smartphones and the ensuing spurt in mobile computing and use of sophisticated smartphone applications, such as, photo sharing, video messaging, streaming video data in addition to several other processing intensive computations. The intersection of social networks as the perfect platform for sharing and communication and the cloud for transparent access to data from anywhere is triggering the evolution of personal cloud in the consumer market. In the enterprise sector, growth is driven by the growing visibility of Personal IT over enterprise IT. Game changing trends such as enterprise mobility, consumerization of corporate IT, and the resulting blending of work and personal duties on employee owned smart devices are spurring the growth of enterprise personal cloud.

Major benefits encouraging consumer adoption of personal cloud include ease of use; ubiquitous access from anywhere, anytime; reliable backup for personal content in the event of device theft or hardware failure; compatibility with multiple devices unlike the PC backup; automatic syncing capability for continuously updating content; flexibility of shared access; and the always on advantage. Also driving growth are technology developments and service innovations. One stop clouds and family clouds are growing in popularity as offshoots of personal cloud. Consumer unwillingness to be locked into a single cloud storage ecosystem is driving the popularity of open platform clouds in contrast to walled garden concepts like Apple’s iCloud. Also, the desire to share information and data with family members is giving personal cloud a communal flavor.

Another major factor driving growth in the market is the rise in smartphone shipments, the resulting spike in smartphone generated content, and the ensuing creation of big data on a personal level. In the enterprise sector, as the first wave of BYOD based mobility gives way to connectivity, emerging over the horizon is the new “Bring Your Own Cloud (BYOC)” trend. As enterprises warm up to the disruptive BYOC trend, poised to benefit is enterprise class personal cloud.

As stated by the new market research report on Personal Cloud, The United States represents the largest market worldwide. Asia-Pacific is poised to emerge as the fastest growing market with a CAGR of 52.6% over the analysis period. The growth in the region is driven by expanding population, rising disposable incomes, growing consumer affluence, improving broadband penetration, and increasing number of mobile subscribers and mobile Internet subscriptions.

Major players covered in the report include ADrive LLC, Alcatel-Lucent, Amazon.com, Inc., Apple Inc., Box, Inc., Carbonite, Cloud Engines, Inc., Dell, Dropbox Inc., Egnyte, Inc., Funambol, Inc., Google Inc., HighTail, Infrascale, Just Cloud.com, j2 Global Communications, Inc., MediaFire, MEGA Limited, Microsoft Corporation, Mozy, Inc., myPCBackup.com, OpenDrive, Inc., POLKAST LLC, Seagate Technology LLC, SpiderOak, SugarSync, Inc., Synchronoss Technologies, Syncplicity LLC., Synology Inc., Wuala, Zipcloud, Buffalo Americas, Inc., Connected Data, Inc., D-Link Corporation, ElephantDrive, Inc., LaCie S.A.S, LenovoEMC, Western Digital Technologies, Inc., and ZyXEL Communications Corp., among others.

The research report titled “Personal Cloud: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections in US$ Million for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (Australia, China, India, South Korea, and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World.

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