Globally, the number of global personal cloud accounts has increased 60 percent over the past two years, and Pyramid Research said Tuesday it expects the business to grow at compound annual growth rate of 25 percent from 2013 to 2018.
In a new report, ‘The Personal Cloud: A Strategic Imperative for Operators,’ the firm said by the end of 2014, more than half of all operators around the world would have launched a personal cloud service.
The personal cloud business – virtual storage services with device backup, sync, data sharing and n-device access – is dominated by technology companies: Amazon, Apple, Dropbox, Google and Microsoft, together having over 85 percent of personal cloud accounts.
In this report, Pyramid Research provides an overview of operators and cloud computing, an analysis of the personal cloud market, the results of an operator online survey about their views on personal cloud and a detailed assessment of how operators were positioning their personal cloud services.
In the past couple of years, adoption of personal cloud business has ballooned and the global number of personal storage accounts reached almost 1.25 billion at the end of 2013, racking up 60 percent annual growth since 2011.
“At the same time, operators have increasingly focused on the personal cloud, and we expect that more than half of all operators around the world will have launched such a service by the end of 2014,” said the report.
Pyramid Research has examined the consumer cloud market from the telecom operator perspective, with an in-depth analysis of the personal cloud storage opportunity.
“The personal cloud offers many benefits and opportunities for operators that are well positioned to differentiate their services,” said Jan ten Sythoff, author of the report.