Personal Cloud Market Extrapolated to Reach $50.8 billion by 2027
The global personal cloud market is projected to grow from USD 20.8 billion in 2022 to USD 50.8 billion by 2027 at a compound annual growth rate (CAGR) of 19.6% during the forecast period. Personal cloud is a cloud storage platform that allows customers to access, synchronize, and share data stored in the cloud and across devices. Personal cloud services provide improved data storage, accessibility,...
Growth in Personal Cloud Market Attributed to Technological Advancements
Advanced data storage tools have become the need of the hour, which is also driving the technology market at a superior speed. Cloud computing comes across as one of the best inventions of the 2000’s. Since the time of its invention, the cloud technology has come a long way. This growth is accredited to technological advancements, increasing popularity, applications and growing demand for cloud based...