Consumer Cloud Storage Services Market Analysis

  • Report ID: 3863
  • Published Date: Jun 07, 2024
  • Report Format: PDF, PPT

Consumer Cloud Storage Services Market Analysis

Storage (50 GB - 999 GB, 1 TB - 9.99 TB,>= 10 TB)

The 50 GB - 999 GB segment in the consumer cloud storage services market is anticipated to generate the highest revenue share over the forecast period. With this type of storage capacity, customers can save a large number of digital stuff, such as images, movies, documentation, and music, without running out of capacity. Furthermore, this section includes capabilities like file syncing, backup, and sharing, resulting in an accessible and beneficial alternative for customers.

User Age (< 18 Years, 18-40 Years, >40 Years)

The 18-40 Years segment is predicted to hold 44% share of the global consumer cloud storage services market by 2036. This generation is quite technologically savvy and has grown up with digital gadgets, therefore they are more inclined to utilize cloud storage services to maintain and retrieve their digital stuff.

Furthermore, this age group is more likely to generate significant amounts of digital content, such as images, films, and music, which they will want to keep and access from any location with a broadband connection.

Our in-depth analysis of the global market includes the following segments:

 

 

         Storage

 

  • 50 GB - 999 GB
  • 1 TB - 9.99 TB
  • >= 10 TB

           User Age

  • < 18 Years
  • 18-40 Years
  • >40 Years
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Browse Key Market Insights with Data Illustration:


Author Credits:  Abhishek Verma


  • Report ID: 3863
  • Published Date: Jun 07, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of consumer cloud storage services is estimated at USD 18.61 Billion.

The consumer cloud storage services market size was over USD 16.5 Billion in 2023 and is likely to cross USD 117.5 Billion by the end of 2036, witnessing more than 18.1% CAGR during the forecast period i.e., between 2024-2036. The major factors driving market growth are increasing number of mobile devices, and rising penetration of internet across the globe.

North America is set to grab the largest industry share by 2036, owing to generation of huge cloud traffic along with the significant adoption rate of e-commerce, digital signatures, and other digital services in the region.

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
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