Press release
Consumer Cloud Storage Services Market :
Persistence Market Research has analyzed several aspects of the consumer cloud storage services market from a global standpoint and has skilfully presented these in its new research publication titled “Consumer Cloud Storage Services Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)”.
The extensive consumer cloud storage services market research report covers various trends, opportunities, drivers and restraints influencing the growth of the global market along with regional analysis, competitive scenario and revenue forecasts. This analysis focuses on each segment and sub-segment of the global market based on which analysts have given their opinions regarding various market scenarios.
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Several factors are expected to drive revenue growth of the global consumer cloud storage services market. Factors such as growth in HD videos, increasing use of social media, increasing internet penetration, higher disposable income coupled with increasing smartphone usage, increasing focus on enterprise customers to sustain personal cloud business, prevalence of multiple devices per user, affordability of cloud storage services, increasing demand for cloud storage from gamers, BYOD assisting cloud adoption, increasing usage of cloud as a secure backup and volatility of external storage devices are boosting the growth of the global consumer cloud storage services market. But the market is not devoid of challenges.
Growth of subscription services, data privacy concerns, lack of awareness, free storage tiers, high penetration of external storage devices, high prices and low internet speeds are posing restraints to the growth of the global market for consumer cloud storage services.
Download and View Report TOC, Figures and Tables @ https://www.persistencemarketresearch.com/market-research/consumer-cloud-storage-services-market/toc
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.
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.
Report overview @ https://www.persistencemarketresearch.com/market-research/consumer-cloud-storage-services-market.asp
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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Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
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