No big tech company can see or sell your data because it never leaves your house.
Some providers let you choose a server location closest to your target audience to reduce "lag" or latency. 2. Buying Physical Hardware (Home Server)
Major providers use "failover" systems, meaning if one physical drive breaks, your data is already safe on another one.
Cloud storage vs. on-premises servers: 9 things to keep in mind
This is for when you want someone else to handle the hardware while you just use the storage or processing power.