Friday, 23 October 2015

World Personal Cloud Market Is Expected to Reach $89.9 Billion by 2020, Finds New Report

Market Research Reports, Inc. has announced the addition of “World Personal Cloud Market - Opportunities and Forecasts, 2014 -2020” research report to their

World Personal Cloud Market Opportunities and Forecasts, 2014–2020," the world personal cloud market is estimated to garner revenue of $89.9 billion by 2020, registering a CAGR of 33.1% during 2015–2020. Growing customer awareness is expected to boost the growth of the personal cloud services in future. Personal cloud for individuals, which is the foremost application of these solutions, would continue to lead the market in future. However, the growing demands from the Asia-Pacific region would lead to a major turnaround in the market and would constitute about two-fifths of total market share in 2020, surpassing North America and Europe.

Technological advancements in the fields of cloud computing and electronic gadgets have led to the advent of the digital era. Increasing adoption of smartphones, tablets and other mobile devices have boosted the growth of personal cloud market owing to increasing storage requirements. Several organizations have focused on improving productivity by developing a virtualized workplace using personal cloud storage solutions.

Technological advancements in the fields of cloud computing and electronic gadgets have led to the advent of the digital era. Increasing adoption of smartphones, tablets and other mobile devices have boosted the growth of personal cloud market owing to increasing storage requirements.



Read more: http://www.digitaljournal.com/pr/2704284

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