Asia Pacific Personal Cloud Market: Global Industry Analysis and Forecast (2021-2029)

Asia Pacific Personal Cloud Market was valued at US$ 5.78 Bn. in 2021 and is expected to grow at US$ 13.94 Bn. in 2029. Asia Pacific Personal Cloud Market size is expected to grow at a CAGR of 13.4 % through the forecast period.

Asia Pacific Personal Cloud Market Overview:

A personal cloud is a collection of digital content and services which are accessible from any device. The personal cloud is not a tangible entity. 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. Created on connected services and applications, it reflects and sets consumers’ expectations for how next-generation computing services will work. The four primary types of personal cloud in use today are: Online cloud, NAS device cloud, server device cloud, and home-made clouds. Asia Pacific Personal Cloud Market To know about the Research Methodology :- Request Free Sample Report The person al cloud is a local network-attached storage (NAS) cloud facility used for storing and exchanging personal or professional data, such as films, images, and documents. It is a collection of remotely accessible digitally stored services and data that is widely used by people, small businesses, and organisations. Sensitive data is synchronised or shared via it with a variety of gadgets, including tablets, laptops, and smartphones. Cloud storage facilities are used, both online and on server devices. They provide the consumer with more storage space, cost effectiveness, and accessibility while eliminating the need to store information on a physical device. The report explores the Asia Pacific Personal Cloud Market segments (Hosted Type, Revenue, End-User and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). The MMR market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2020. The report investigates the Asia Pacific Personal Cloud Market drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Asia Pacific Personal Cloud Market contemporary competitive scenario.

Asia Pacific Personal Cloud Market Dynamics:

The need for data storage is growing as more people want to save and share their images, papers, folders, and other things. Businesses of all sizes may now access flexible and affordable software, platforms, infrastructure, and storage thanks to the cloud. Organizations have the chance to lower expenses, boost flexibility, and enhance IT capabilities thanks to personal clouds. Data can be utilised both personally and professionally. Therefore, maintaining data security is crucial, which is why more people are opting to store their data in the cloud. This is why a lot of cloud storage companies provide limitless data storage. The demand for personal clouds is being driven by real-time access, data backup, and extra storage in consumer mobile or laptop devices. The main factors driving this rise are increasing need for real-time data access and sharing, affordable and efficient storage, and data loss protection, as well as increasing data generating activities, digital contingency planning, and disaster recovery planning. More individuals having access to mobile devices has caused an explosion in the widespread and quick growth of the internet. The personal cloud has emerged to meet the universal demand for enough storage and points for data exchange for mobile users. Growing interest from both China and the international players is what's causing the rise. Every technology seller aspires to have a piece of the lucrative market because of its size. These all factors lead to the growth of the Asia-Pacific personal cloud market. Rising demand for storing and sharing personal or professional data are the factors which lead to the growth of the market during the forecast period. Personal clouds involve a number of outside parties outsourcing their skills, which raises security and privacy issues. This comprises the infrastructures for web applications, virtualization, networks, endpoints, databases, and mobility. With this, any personal cloud provider can easily expose crucial company information. Therefore, for businesses, privacy and security issues continue to be the key barriers to personal cloud adoption. Personal cloud service providers assist businesses in maintaining appropriate security and privacy protections for the data they deploy via the cloud, nevertheless. Customers receive encryption and end-to-end network protection for added security. However, because data breaches are becoming more frequent, businesses are reluctant to give personal cloud service providers access to important company information. This data security and privacy issues lead to restrain the growth of the Asia Pacific Personal Cloud Market. The market is ultimately hampered by data security and privacy concerns. Additionally, lack of interoperability brought on by vendor lock-in slows market expansion. The product provides storage space at the user's residence and the service provider's data centre. The product enables users of internet-connected PCs, smartphones, and tablets to view these documents. The widespread usage of devices with cameras, such as smartphones and tablets, has increased demand for products for safe digital information storage. 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. The market is growing favourably as a result of the fast-rising tech-savvy population, which has significantly increased demand for cloud computing services. Smartphones and mobile devices dictate everyone’s lives. The number of internet users has increased which leads to the high demand for smart device users and cloud-based services. Due to the cloud-based services, the implementation time has been reduced and the time to value has been reduced and rapid scalability demand has increased which has lowered the infrastructure, energy, and facility costs. All these factors enhance the opportunities for the personal cloud market. It is anticipated that demand for personal cloud services would increase due to the increasing demand for high frequency data access, data sharing, cost-effective, efficient storage, and safety against data loss. Delivering secure data storage, however, is one of the difficulties that cloud service providers face. Over the next seven years, growth is anticipated to be hampered by a lack of consumer awareness, security issues, and inadequate investment. The bring-your-own-device (BYOD) movement is gaining acceptance in the business sector, which is advantageous to businesses due to increased productivity, increased flexibility, and lower infrastructure costs. The tool makes it easier to store files and share data between several businesses. However, issues regarding security and safety of stored data are expected to challenge the growth of Asia Pacific Personal Cloud Market. As cloud infrastructure is distributed across different geographical locations around the world, it is often possible that the user's data is stored in a location that is outside of the legal jurisdiction, raising concerns about the legal accessibility of local law enforcement and regulations on data stored outside of their region. Furthermore, the user is concerned that local laws will be violated because the cloud's dynamic nature makes it difficult to delegate a specific server that will be used for trans-border data transmission. This leads to the challenging factor for the growth of the Asia Pacific Personal Cloud Market during the forecast period.

Asia Pacific Personal Cloud Market Segment Analysis:

Based on Hosted Type, The hosted from user premises segment holds the largest market share in 2021. It is due to the growing demand for user-hosted cloud storage. Moreover, the easy availability and cost-effectiveness of cloud solutions from service providers contribute to the growth of the user-hosted cloud storage segment in the forecast period. The easy availability and cost-effectiveness of cloud solutions from service providers leads to the growth of the user-hosted premises segment in Asia Pacific Personal Cloud Market. With the Internet, it is so much easier to access data that is stored on web-based applications from anywhere. Having information that is stored in the cloud makes it much easier for that data to be accessed from anywhere and at any time regardless of the machine. This easy accessibility is one of the biggest advantages of hosted from user premises segment of Asia Pacific Personal Cloud Market. Asia Pacific Personal Cloud Market Based on Revenues, The direct revenue segment dominates the market with the highest CAGR of XX% during the forecast period. In the personal cloud market, generally for pricing, players follow the freemium model for a trial period. Direct revenues in the personal cloud market consist of revenues generated from subscriptions offered to consumers and other enterprises. Direct revenues are also generated from the sales of NAS devices. The internet connectivity and low-speed cause users are against to pay for personal cloud services which leads to the growth of the Asia Pacific Personal Cloud Market. Asia Pacific Personal Cloud Market The objective of the report is to present a comprehensive analysis of the Asia Pacific Personal Cloud Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Asia Pacific Personal Cloud Market dynamic, structure by analyzing the market segments and projecting the Asia Pacific Personal Cloud Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Asia Pacific Personal Cloud Market make the report investor’s guide.

Asia Pacific Personal Cloud Market Scope: Inquire before buying

Asia Pacific Personal Cloud Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US$ 5.78 Bn.
Forecast Period 2022 to 2029 CAGR: 13.4% Market Size in 2029: US$ 13.94 Bn.
Segments Covered: by Hosted Type • Hosted from providers premises • Hosted from user premises
by Revenues • Direct Revenues • Indirect Revenues
by User Type • Individual • Small Enterprises • Medium Enterprises

Asia Pacific Personal Cloud Market, by Region

• North America • Europe • Asia Pacific • The Middle East and Africa • South America

Asia Pacific Personal Cloud Market Key Players

Nihao Cloud • Alibaba Cloud • Meituan Open Services • Tencent Cloud • UCloud • QingCloud • Huawei Enterprise Cloud • NetEase Cloud • Western Digital • Elephant Cloud • Baidu Cloud • E Cloud • Grand Cloud • KS Cloud • Microsoft • IBM Corporation • Google Inc. • Synchronoss Technologies • Pro Cloud SaaS Frequently Asked Questions: 1] What segments are covered in the Asia Pacific Personal Cloud Market report? Ans. The segments covered in the Asia Pacific Personal Cloud Market report are based on Hosted Type, Revenue and End-User. 2] What is the market size of the Asia Pacific Personal Cloud Market by 2029? Ans. The market size of the Asia Pacific Personal Cloud Market by 2029 is expected to reach US$ 13.94 Bn. 3] What is the forecast period for the Asia Pacific Personal Cloud Market? Ans. The forecast period for the Asia Pacific Personal Cloud Market is 2022-2029. 4] What was the market size of the Asia Pacific Personal Cloud Market in 2021? Ans. The market size of the Asia Pacific Personal Cloud Market in 2021 was valued at US$ 5.78 Bn.
1. Asia Pacific Personal Cloud Market: Research Methodology 2. Asia Pacific Personal Cloud Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Asia Pacific Personal Cloud Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Asia Pacific Personal Cloud Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. COVID-19 Impact 4. Asia Pacific Personal Cloud Market Segmentation 4.1. Asia Pacific Personal Cloud Market, By Hosted Type (2021-2029) • Hosted from providers premises • Hosted from user premises 4.2. Asia Pacific Personal Cloud Market, By Revenues (2021-2029) • Direct Revenues • Indirect Revenues 4.3. Asia Pacific Personal Cloud Market, By End-User (2021-2029) • Individual • Small Enterprises • Medium Enterprises 5. Company Profile: Key players 10.1 Nihao Cloud 5.1.1. Company Overview 5.1.2. Financial Overview 5.1.3. Presence 5.1.4. Capacity Portfolio 5.1.5. Business Strategy 5.1.6. Recent Developments 10.2 Alibaba Cloud 10.3 Meituan Open Services 10.4 Tencent Cloud 10.5 UCloud 10.6 QingCloud 10.7 Huawei Enterprise Cloud 10.8 NetEase Cloud 10.9 Western Digital 10.10 Elephant Cloud 10.11 Baidu Cloud 10.12 E Cloud 10.13 Grand Cloud 10.14 KS Cloud 10.15 Microsoft 10.16 IBM Corporation 10.17 Google Inc. 10.18 Synchronoss Technologies 10.19 Pro Cloud SaaS
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