Personal Cloud Market Could Grow at CAGR 46.1 Percent Until 2020

By Arti Dabral
October 6, 2015

Summary Notes of Article:

• Since cloud computing first appeared, it has gone through expansive transformation. Now, not only do businesses use cloud services. Consumers do also. We file, store and share information through the cloud.

• The personal cloud has proven to be a cost-effective way to store data, making hard disk drives obsolete.

• Data generation activities have grown thanks to the proliferation of mobile devices. People want to be able to access their data anywhere they are, which pushed personal cloud to provide real-time data access and sharing.

• Another key element that users look for in the personal cloud is the need of creating backup of important information, as well as having data recovery options.

• Small businesses have also implemented innovative policies, like bringing your own device to work (BYOD). This trend helps businesses save money on equipment, as well as facilitates employee collaboration. The downside of it is privacy and data security might be compromised.

• Solutions for personal cloud challenges are being addressed rapidly, as the demand for services goes up, and since cutting the prices for these services isn’t always a viable option, providers have decided to enrich their services.

• Research analyst, Markets and Markets, claims the personal cloud market will experience a growth to reach the $80.02 billion in 2020.

Link to Summary Notes and Full Article: http://www.cloudtrending.net/article/personal-cloud-market-could-grow-at-cagr-46-1-percent-until-2020/

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Jade Witte

Cloud & Network Consultant
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