Through this association, Funambol will provide its award winning solution that enables service providers to deploy a self-branded digital lifestyle personal cloud. Mahindra Comviva will leverage its wide product portfolio and extensive geographic presence to create and deliver personal cloud solutions, leveraging Funambol technology that meets the unique needs of customers in its markets.
It has been estimated that the global personal cloud market will grow from $6.6 billion in 2013 to $43.5 billion in 2018, representing a compound annual growth rate (CAGR) of 45.61% from 2013 to 2018.
The Funambol-Mahindra Comviva partnership is another indication that the market for service provider personal clouds is red hot, as many providers have recently decided to offer their own branded personal cloud. A recent Gartner report recommended that service providers go to market quickly because the cost of getting users to switch personal clouds is very high.