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Growing Penetration of Internet to Increase Demand for Consumer Cloud Storage Services

Press release Description

Albany, New York, January 4, 2019: On the backdrop of inundation in the data generated by users, the demand for cloud storage services has shored up. Besides, augmentation in the penetration of the internet and exponential rise in the mobile phone users have buttressed the consumer cloud storage services. Ubiquitous social media sites such as Twitter, YouTube and Facebook are encouraging people to come up with content such as photos and videos, which in turn has propelled the demand for consumer cloud storage services.

Owing to development in cloud technologies and next-generation communication, the market for consumer cloud storage services is projected to grow. These insights can be found in the exhaustive repository of Market Research Reports Search Engine (MRRSE) in the report titled, “Global Market Study on Consumer Cloud Storage Services: 18-40 Years User Age Segment Expected to Remain Dominant Through 2026.”

The roll out of 5G network globally is anticipated to significantly spur the growth of consumer cloud storage services market. In terms of market share, the market for consumer cloud storage services is estimated to grow at an exponential CAGR of around 15% during the forecast period 2018-2026.

Consumer Cloud Storage Services: Report Synopsis

The report provides qualitative and quantitative analysis on the consumer cloud storage through elucidation of drivers, trends, opportunities, restraints and market structure that have impact on the growth of the market.

Besides, the report does the segmentation of the market to offer an in-depth analysis of consumer cloud storage services. The report segregates the market with respect to storage tier, user age and regions. With respect to storage, the market is segmented into 50 GB-999 GB, 1 TB – 9.99 TB and >= 10 TB. With regards to user age, the market is segregated into <18 years, 18-40 years and >40 years.

The last section of the report includes competitive scenario to offer a dashboard view on the basis of value chain and major differentiators along with product portfolio and strategies. The section provides assessment on the prominent players in the market to assess their short-term and long-term strategies, recent developments and major offerings. Some of the prominent companies elucidated in the report are Google (Alphabet Inc.), Apple Inc., Dropbox Inc., Microsoft Corporation and Inc. to name a few.

Consumer Cloud Storage Services: Research Methodology

The research methodology adopted in this report incorporates secondary research and primary research along with review from expert panel. The secondary sources include national government documents, annual reports, SEC filings, company websites, and presentations by investors, internal and external proprietary database, industry white paper, World Bank database, market reports statistical databases and regulatory databases.  On the other hand, primary research includes e-mail interactions, face to face interviews and telephonic interviews. In order to provide readers with an honest and authentic report, expert panel diligently reviews the report. The market size projections have been done on the basis of absolute dollar opportunity assessment and Y-o-Y projections.

Browse Full Global Consumer Cloud Storage Services Market Report with TOC :

Market Research Reports Search Engine (MRRSE) is an industry-leading database of market intelligence reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords. 

MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.


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