The personal cloud market size was valued at $26.80 billion in 2019, and is projected to reach $161.39 billion by 2027, growing at a CAGR of 24.6% from 2020 to 2027. Personal cloud services would facilitate file storage and sharing among the employees and enterprises who have adopted the BYOD trend. In this era of digitalization, there is an increasing need of storing and sharing personal or professional data. The rapidly increasing tech-savvy population has considerably led to the growing demand of cloud computing services in the recent years. The increasing use of camera-equipped devices, such as smartphones and tablets, has created a huge demand for a secure platform to store digital content.
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Personal Cloud Market Segments:
By Revenue Type
• Direct
• Indirect
By Hosting Type
• Service Providers
• Consumers
By End-user
• Individuals
• Enterprises
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