COVID-19 is Likely to Make Significant Impact in the Adoption of Personal Cloud Storage (PCS) Market

Introduction

The global PCS market is emerging market and was valued USD 25.25 Billion in growing with a CAGR 25% during the forecast period. The growth is attributed to surge in demand for digitization globally. Furthermore, an increase in digital content and internet usage is also one of the factors propelling market growth.

Moreover, the increasing need for disaster recovery and contingency plan also adds to the growth of PCS market. However, data security and privacy concern hinders the market growth.

Key Highlights

• By revenue, indirect revenue holds higher CAGR and is presumed to grow during the forecast period on account of surge in electronic advertising across the globe.
• By hosting type, service providers hold dominant position in the adoption of cloud storage and is anticipated to witness growth during the forecast period. The growth is owing to surge in adoption of cloud storage among the SMEs.
• By end users, the enterprise segment holds the higher CAGR and is presumed to grow during the forecast period on account of the convergence of cloud with mobile devices that enable enterprises to adopt cloud storage to access data from remote locations.
• By region, North America holds the higher CAGR and is anticipated to witness growth during the forecast period on account of presence of numerous vendors offering cloud storage platform.
• Asia-Pacific is the fastest-growing region in the adoption of personal cloud storage on account of surge in foreign direct investment to cater the increasing demand of the consumers.

Competitive Players

Recent Developments

Segmentation

Personal Cloud Storage Market: Segmentation

By Revenue

• Direct
• Indirect

By Hosting Type

• Service Providers
• Consumers

By End-User

• Individuals
• Enterprises

By Region

North America

• The U.S.
• Canada
• Mexico

Europe

• The U.K.
• Italy
• France
• Spain
• Germany
• The Rest of Europe

The Middle East and Africa (MEA)

• Saudi Arabia
• Egypt
• South Africa
• The Rest of MEA

Asia-Pacific

• India
• China
• Japan
• Australia
• South Korea
• The Rest of Asia-Pacific

South America

• Columbia
• Brazil
• Chile
• Peru
• Argentina
• The Rest of South America