Research Nester published a report titled “Consumer Cloud Storage Services Market: Global Demand Analysis & Opportunity Outlook 2035” which delivers detailed overview of the global consumer cloud storage services market in terms of market segmentation by storage, user age, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global consumer cloud storage services market is estimated to occupy a substantial revenue by growing at a CAGR of ~25% during the forecast period, i.e., 2023 – 2035, ascribing to the growing number of users of mobile devices, and increasing penetration of internet around the world. Along with these, rising implementation of 5G networks, especially in developed and developing nations, and emergence of next generation cloud technologies globally are also expected to propel the growth of the market in the years to come.
The market is segmented by storage and user age. Based on storage, the 1 TB – 9.99 TB segment is anticipated to acquire the largest share during the forecast period on the back of the hike in generation of user data, especially in many developing countries, which is predicted to impel the demand for large storage capacity to store information. Additionally, by user age, the 18-40 years segment is projected to grab the largest share over the forecast period attributing to the growing internet use amongst young adults and millennials worldwide, which in turn is resulting in creation of massive volumes of data every day.
Geographically, the global consumer cloud storage services market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Asia Pacific is evaluated to witness noteworthy growth in the market during the forecast period, which can be attributed to the surging adoption of cloud-driven technologies in India and China, rise in penetration of social media in the region. Moreover, the market in North America is assessed to acquire the largest share over the forecast period ascribing to the high generation of cloud traffic, and significant adoption of digital services in the region.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

Growing Penetration of Internet and Mobile Devices Worldwide to Drive Market Growth
With the rising penetration of internet and mobile devices across the globe, the data generated is also growing exponentially. As a result, the demand for effective storage technologies and networking is also witnessing a surge. This is anticipated to drive the adoption of cloud storage services for providing real time assistance, which in turn is assessed to drive market growth in the near future.
However, data safety concerns associated with cloud storage are expected to operate as key restraints to the growth of the global consumer cloud storage services market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global consumer cloud storage services market which includes company profiling of Microsoft Corporation, Dell Technologies, Inc., Amazon Web Services, Inc., Fujitsu Ltd, Inc., Hewlett Packard Enterprise Development LP, IBM Corporation, Rackspace, Inc., VMWare, Inc., pCloud AG, Google LLC, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global consumer cloud storage services market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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