Consumer Cloud Storage Services Market Growth Triggered by Growing Proliferation of Internet

The surge in the mobile phone users and the growing penetration of the internet have fueled the growth of the consumer cloud storage services market. Cloud storage services underpin more than 270 file format and hundred languages which makes it more attractive for the consumers. Consumers have persisted with the trend of lessening the dependency on local storage hardware and infrastructure by embracing the cloud storage services. These insights are according to the report titled “Global Market Study on Consumer Cloud Storage Services: 18-40 Years Age Segment Expected to Remain Dominant Through 2026,” which has been recently added to the repository of Market Research Hub (MRH). According to the study, augmentation in the penetration of internet is set to propel consumer cloud storage services market.

Predominantly, 50 GB-999 GB sub segment is set to scale to new heights which could be attributed to the escalating demand for virtual data storage in the tech savvy countries such as India, China and the U.K. Moreover, the 50 GB-999 GB sub segment is estimated to garner more than USD 1000 million during the assessment period.  Given the unrestrained penetration of internet, consumer cloud storage services has got the major boost.

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Consumer Cloud Storage Services Market: Report Synopsis

The report covers an exhaustive analysis on the consumer cloud storage services market. Further, the report delves into drivers of consumers cloud storage services, restraints, opportunities and trends of the market.

The report segments the market on the basis of storage tier, user age and regions. With regards to storage tier, the market is segmented into 50 GB-999 GB, 1 TB -9.99 TB, >= 10 TB. On the basis of user age, the market is fragmented into 40 years. Regionally, the report assesses North America, Latin America, Europe, APAC and MEA. The reports also analyzes the prominent players in the market: Apple Inc., Google (Alphabet Inc.), Dropbox, Inc. and Microsoft Corp., to name a few.

The report starts with the executive summary followed by the market definition and market snapshot. Further, the report includes macro-economic factors, value chain analysis and opportunity analysis.

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Consumer Cloud Storage Services Market: Research Methodology

A thorough research methodology has been adopted with respect to primary and secondary research. The nuggets of information in the report is the result of an in-depth secondary research, primary interviews and in-house reviews by expert panel. One of the features of this report is that analysis has been done on the basis of absolute dollar opportunity which is often shunned while projecting the market.

The secondary research incorporates company websites, SEC filings and presentations by investors, industry white paper and statistical database. The primary research embodies face to face interviews, phonic interviews and e-mail interaction. To furnish the readers with authentic report, a panel of expert delineates the data collected from different sources.

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