Personal Cloud Market Bolstering Rapidly To Reach USD 115.05 Billion by 2022 – ZMR Blog
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Personal Cloud Market Bolstering Rapidly To Reach USD 115.05 Billion by 2022

The major players of the personal cloud market include Apple, Amazon, Seagate, Google, Microsoft, Box, Engyte, Dropbox, Sygarsync, and Buffalo Technology. These players are set to foster the development of personal cloud market.

According to the analysts at Zion Market Research, the Global personal cloud market was capitalized almost USD 20.79 Billion in 2016 and is likely to cross USD 115.05 Billion by end of 2022, at a CAGR of 33.02% between 2017 and 2022.

Accessibility, Better Storage, And Sharing Of User Data To Power The Development Of Global Personal Cloud Market In The Forecast Period

Personal cloud market provides accessibility, better storage, and sharing of user data in addition to improved security features, as per analysts at Zion Market Research. Personal cloud services offer convenient and faster access to data, resulting in its extensive popularity amongst the population and development of personal cloud market. The quick growing tech-savvy populace has significantly resulted in the increasing demand for cloud computing services in the recent times that have led to the fostering of personal cloud market. The rising employment of camera-based devices, such as tablets & smartphone, has generated a huge requirement for a safe platform to amass digital content, leading to the development of personal cloud platform. Personal cloud services will facilitate file sharing and storage amongst the enterprises and employees who have accepted the BYOD trend, which will boost the personal cloud market.

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New product launch by market players is also claimed to boost the personal cloud market. For example, in October 2017, Beeks Financial Cloud extended its connectivity and cloud hosting service to the cryptocurrency market, thereby boosting the personal cloud market.

Upsurge In Broadband Connections & Smartphone And Elevation In Social Media Sites To Tower The Development Of Personal Cloud Market

The market has set up new standards for people to use the cloud computing offerings by providing ease of use and better user experience. The upsurge in broadband connections & smartphone and elevation in social media sites have towered the development of personal cloud market. As the tech is getting improved every day, personal cloud services have began providing convenience, interactivity, and user privacy, which was not achievable before. But the enhancing tech has made it possible, boosting the personal cloud market. Real time and fast access to info and increasing awareness are some of the major drivers affecting the growth of the personal cloud market. The personal cloud market has vast challenges and opportunities in the forecast period. Developing nations can offer some opportunities for the personal cloud market. The personal cloud market is categorized into five main areas based on regions such as Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa.

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