{"id":17120,"date":"2015-09-07T23:22:23","date_gmt":"2015-09-07T23:22:23","guid":{"rendered":"http:\/\/www.cloudcomputing-news.net\/news\/2015\/sep\/08\/personal-cloud-market-hit-90bn-2020-research-study-claims\/"},"modified":"2015-09-07T23:22:23","modified_gmt":"2015-09-07T23:22:23","slug":"personal-cloud-market-to-hit-90bn-by-2020-research-study-claims","status":"publish","type":"post","link":"https:\/\/icloud.pe\/blog\/personal-cloud-market-to-hit-90bn-by-2020-research-study-claims\/","title":{"rendered":"Personal cloud market to hit $90bn by 2020, research study claims"},"content":{"rendered":"<p><em>(c)iStock.com\/gong hangxu<\/em><\/p>\n<p>The global personal cloud market is expected to top almost $90 billion (&pound;58.5bn) in revenue by 2020, according to the latest forecast by Allied Market Research.<\/p>\n<p>The research firm anticipates a compound annual growth rate (CAGR) of 33.1% between 2015 and 2020, with growing customer awareness cited as boosting growth and personal cloud for individuals continuing to lead the market.<\/p>\n<p>Individual users will comprise around 60% of total market revenue by 2020 according to Allied, however the SMB segment is expected to take nearly a quarter of revenue at a CAGR of 35% across five years. In terms of share between cloud providers and user-hosted solutions, provider-hosted personal cloud will constitute nearly 75% of the market value by 2020; yet user-hosted cloud is expected to grow at a CAGR of 46% to make up the remaining quarter.<\/p>\n<p>Key growth drivers between now and 2020 include flexible packages, affordable pricing structures, as well as increased security features. Allied cites Dropbox&rsquo;s addition of two factor authentication as part of this push. The company has also added <a href=\"http:\/\/www.cloudcomputing-news.net\/news\/2015\/may\/18\/dropbox-becomes-latest-cloud-provider-adopt-emerging-iso-27018-standard\/\">the ISO\/IEC 27018 privacy standard<\/a> to its arsenal as of May, with Microsoft achieving certification back in February.<\/p>\n<p>One interesting prediction the researchers make is through funding models; while subscriptions understandably remain the primary revenue generator for personal cloud services, Allied expects advertisement and lead generation to surpass this by 2019.<\/p>\n<p>Increased uptake from the Asia Pacific region is expected to contribute significantly to overall growth, representing a greater market share than North America and Europe in six years. According to the <a href=\"http:\/\/www.asiacloudcomputing.org\/images\/research\/ACCA_CRI2014_ExecSummary.pdf\">Asia Cloud Computing Association&rsquo;s 2014 cloud readiness index<\/a>, Japan continues to lead the way, ahead of New Zealand and Australia. The report authors anticipate a &lsquo;seismic data revolution once information access in Asia becomes universally cheap, powerful, and available&rsquo;, aligning with Allied on there being a tipping point for Asia Pacific cloud usage.<\/p>\n<p>You can read more about the report <a href=\"https:\/\/www.alliedmarketresearch.com\/personal-cloud-market\">here (subscription required).<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(c)iStock.com\/gong hangxu<br \/>\nThe global personal cloud market is expected to top almost $90 billion (&pound;58.5bn) in revenue by 2020, according to the latest forecast by Allied Market Research.<br \/>\nThe research firm anticipates a compound annual growth rate&#8230;<\/p>\n","protected":false},"author":50,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-17120","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/17120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/users\/50"}],"replies":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/comments?post=17120"}],"version-history":[{"count":1,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/17120\/revisions"}],"predecessor-version":[{"id":17121,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/17120\/revisions\/17121"}],"wp:attachment":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/media?parent=17120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/categories?post=17120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/tags?post=17120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}