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Global Personal Cloud Market: Overview

Cloud has become one of the largest assets for a business. The technology has reduced the burden of storage from the shoulders of the business organizations and is helping the organizations to improve their infrastructure. However, the threat of security has always been the concern for the businesses. As a result they are incorporating their own personal cloud. Locking at the growth in the adoption of the personal clouds, the global personal cloud market is projected to witness a substantial growth over the period of time.

A report by Transparency Market Research provides in-depth analysis of the global personal cloud market to the readers. It elaborates the dynamics of the market which helps the stakeholders to make better decision for the growth of their business. Moreover, the report enlightens the facets such as developments, strategies, challenges, and opportunities that are prevalent in the global personal cloud market from 2019 to 2027.

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Global Personal Cloud Market: Notable Developments and Competitive Analysis

Looking at the vast advantages the technology can offer to the businesses, several players are joining the league of the cloud service providers. However, the consolidated personal cloud market owing to the presence of handful of prominent players like Amazon, Microsoft, IBM, and Apple is highly competitive. This nature of the market is posing a tough challenge for the players that are willing to enter the global personal care market.

Therefore in order to have a sustainable future in the market, the upcoming players are engaging in strategies like partnerships and collaborations. These strategies allows them to build a strong network of distribution channel that can ensure the growth of their business in global personal cloud market.

However, partnering with another business is also a strategy that is being actively adopted by the established players also.

For instance,

  • In November 2019, Microsoft and AT&T announced their partnership. The partnership shall allow Microsoft to use AT&T’s 5G network for a seamless data transfer. The strategy will allow Microsoft to further strengthen its grip over the global personal cloud market.

Moreover, other strategies such as acquisition and research & development also helps the players to avail a better future in the global personal care market from 2019 to 2027.

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Global Personal Care Market: Key Drivers

Trending CaaS Drives More revenue for the Business

Cloud as a Service or CaaS has become one of the most trending business these days. This business model drives significant revenue for the business that can further help to improve the infrastructure of the business. To avail the benefits of this business models, several businesses are now investing on on-premise clouds, this is the major factor that is expected to propel the growth of global personal care market from 2019 to 2027. Moreover, CaaS also helps businesses to attract and retain more customers reducing the churn effect from the business, this also helps the global personal care market to grow substantially during the estimated time frame.

Reduced Threat of Data Theft

Using personal clouds help the businesses to protect their data from being stolen. This as a result improves the integrity and effectiveness. This is also one of the most prominent factors boosting the growth of global personal clouds market during the estimated time frame of 2019 to 2027.

Global Personal Cloud Market: Regional Analysis

On geographical front, the global personal cloud market is expected to be dominated by North America. The dominance is attributed to the growth of technological companies in the U.S. and Canada along with growing adoption cloud services in various business verticals. Moreover, the development of new and advanced personal clouds infrastructures by businesses in the region, further support North America to stay ahead of the curve in global personal cloud market from 2019 to 2027.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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