Consumer Cloud Storage Services Market Expected to Increase at a US$ US$ 2800 Mn 2025 End

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.

The global market for consumer cloud storage services is expected to grow at an exponential rate during the period of forecast. As per the research study, the global market is estimated to reach a valuation of more than US$ 2.8 Bn by the end of the assessment year from a value of US$ 873 Mn in 2017 and is poised to register a CAGR of 15.9% during the period of forecast, 2017-2025.

Report overview @ https://www.persistencemarketresearch.com/market-research/consumer-cloud-storage-services-market.asp

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.

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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.

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