Consumer Cloud Storage Services Market: Global Industry Analysis and Forecast (2017-2025)


Posted October 25, 2022 by Snehapatil3010

A research named Consumer Cloud Storage Services Market - Global Industry Analysis 2013-2017 and Forecast 2018-2026 was just released by Persistence Market Research (PMR).
 
Consumer Cloud Storage Services Market

Persistence Market Research (PMR) recently published a report titled “Consumer Cloud Storage Services Market – Global Industry Analysis 2013-2017 and Forecast 2018-2026.” The adoption of consumer cloud storage services by is increasing owing to an increase in the amount of data generated by users. Consumer cloud storage services help users store data securely and gain access to it at any point in time from any device.
These devices include smartphones, PCs, and tablets. The global consumer cloud storage services market is expected to grow at a CAGR of 14.9 % during the forecast period. The consumer cloud storage services market was valued at US$ 912.6 Mn in 2017, and is projected to grow significantly to reach US$ 3,071.2 Mn by 2026 due to an increase in the availability of HD video content across the globe.

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Global Consumer Cloud Storage Services Market: Forecast Analysis

The global market for consumer cloud storage services is expected to grow at an exponential rate during the period of forecast. As per the research study, the global market is estimated to reach a valuation of more than US$ 2.8 Bn by the end of the assessment year from a value of US$ 873 Mn in 2017 and is poised to register a CAGR of 15.9% during the period of forecast, 2017-2025.

Global Consumer Cloud Storage Services Market: Key Segmental Forecasts

The global consumer cloud storage services market is segmented by user age, storage tier and region.

• By storage tier, the 50 GB – 999 GB segment is the largest and is likely to dominate the global market by the end of 2025 with an estimated market value above US$ 1,600 Mn. It is also the fastest growing segment.
• By user age, the 18-40 segment leads the market with a high market valuation and is poised to register a meteoric CAGR of 17.4% during the forecast period.
• By region, Asia Pacific (APAC) is the fastest growing region. The consumer cloud storage services market in Asia Pacific is projected to reflect a high CAGR of 18.6% during the forecast period. However, the consumer cloud storage services market in North America is estimated to reach a higher valuation of more than US$ 1,200 Mn by the end of the year of assessment.

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Global Consumer Cloud Storage Services Market: Competitive Assessment

The research report includes a dedicated section on competition analysis. In this section, details of major companies in the market have been slated. Key developments, trends, innovations, SWOT analysis, key financials, product portfolio analysis and strategies of key players such as Apple Inc.,
Google (Alphabet Inc.), Box, Inc., Dropbox Inc., Amazon.com Inc., Microsoft Inc., Sync.com Inc., Hubic (OVH), Mediafire, and pCloud have been included in this section of the report.


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Issued By Sneha Patil
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Business Address Persistence market research, 305 Broadway, 7th Floor, New York City, NY 10007 United States
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Categories Computers , Research
Tags consumer cloud storage services market , consumer cloud storage services market size , consumer cloud storage services market share , consumer cloud storage services market forecast
Last Updated October 25, 2022