Persistence Market Research uses a unique research methodology which is a strong blend of secondary and in-depth primary research. Extensive primary interviews with key market players, stakeholders, market observers and experts are carried out to collect necessary data and information pertaining to various segments and across key regions. The data crunching and statistical analysis so performed undergoes multiple layers of validation to garner appropriate market insights which could benefit business by impacting critical decisions. The exhaustive research methodology has been applied to thoroughly understand and study the market for consumer cloud storage services and the findings and insights have been skilfully crafted following a systematic structure in the new report titled “Consumer Cloud Storage Services Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)”.
Delivering actionable intelligence to support future moves
The market research report on global consumer cloud storage services market is a comprehensive market research study which focuses on the global scenario and provides actionable acumen on various factors which influence the market with the help of strong data and statistical analysis. It delivers an unbiased view of the consumer cloud storage services market by including analysis on various market segments across the major geographies of North America, Latin America, Europe, Asia Pacific and Middle East and Africa (MEA). The global research report on consumer cloud storage services market has an in-depth weightage on the statistics, figures, numbers and graphs which is based on a clear market definition. This will enable the reader to take informed decisions with the help of well-furnished insights. The upcoming trends and developments, new innovations in products and varying product portfolios, new acquisitions, end user analysis give a 3600 outlook to the market ultimately providing the reader with necessary tools to devise strategies in order to establish firm grip in a particular region or in a particular segment in the global consumer cloud storage services market.
The global consumer cloud storage services market research report covers competitive landscape, which covers the market shares, growth strategies applied, revenues, product portfolio analysis, pricing analysis, distribution channels, marketing strategies, expansion in several geographies, SWOT etc., of the various key players in the global consumer cloud storage services market. Such an intelligence framework can be used to devise appropriate strategies in order to gain competitive advantage in the long run.
Main Report Highlights
Global consumer cloud storage services market to register stellar growth throughout the period of assessment
As stated by Persistence Market Research in its recent research report on global consumer cloud storage services market, the global market is expected to grow with a significant jump to attain a notable valuation by the end of the forecast period. The global market for consumer cloud storage services is projected to grow at a stellar rate to register a CAGR of 15.9% throughout the period of assessment, 2017-2025. This market has seen positive growth since 2012-2016 timeline. The high growth can be attributed towards the growth in HD video consumption, affordability of smartphones and increasing trend of BYOD (bring your own device) that is helping cloud consumption. Number of Laptop users worldwide is anticipated to grow as digitization of content increases. Laptop users will be the primary addressable market for Cloud Storage Services providers. Smartphone users will grow exponentially with the increase of disposable income in developing economies. Cloud services provider will witness high gain from smartphone adoption as cloud serves as a convenient way of data transfer for users. As per the analytical research study on consumer cloud storage services, the global market is estimated to reach a valuation of more than US$ 2800 Mn by the end of the assessment year from a value of around US$ 870 Mn in 2017.
18-40 segment to hold a lion’s share in the global consumer cloud storage services market during the forecast period
The 18-40 segment in the user age category is expected to be highly lucrative segment in the coming years. The individuals lying in the 18-40 age category are prime users of cloud storage services. The increasing number of population and growing use of cloud services among people in the 18-40 age group has accelerated the growth of the consumer cloud storage services market. The 18-40 user age segment is expected to reach a valuation of more than US$ 2100 Mn by the end of the year of assessment (2025) from a value of US$ 610 Mn in 2017. This segment is projected to grow at the fastest rate to register a CAGR of 17.4% during the period of forecast.
<18 Years segment is expected to grow at a comparatively slow rate during the 2017-2025 timeline
<18 Years segment is anticipated to grow at a relatively slow pace and is poised to reflect a CAGR of 10.6% during the period of forecast, 2017-2025. This segment is valued at around US$ 107 Mn by the end of the 2017 and is the smallest segment in terms of market value. The adoption of cloud storage services market by the individuals within the under 18 age group is comparatively less than the 18-40 age group.
The consumer cloud storage services market is soaring across regional markets. The 18-40 user age segment in North America is expected to grow at a 16.7% CAGR during the 2017-2025 timeline and is the largest segment in this region. In Asia Pacific (APAC) the <18 user age segment is projected to grow at a CAGR of 12.8% during the period of assessment. In Europe, the 18-40 segment is more than 10 times the <18 segment and is estimated to reach around US$ 596 Mn by the end of the assessment year (2025).