Consumer Cloud Storage Services Market Share

APAC Market Forecast

The consumer cloud storage services market in Asia Pacific is estimated to witness noteworthy growth of over 36% during the forecast period on the back of the increasing adoption of cloud-driven technologies in India and China. In addition, the rising penetration of social media, coupled with surging digitization trends is expected to accelerate the market growth in the region in the coming years. As of December 2021, China had the highest number of social media users in the Asia Pacific region, accounting for about 1 billion users, followed by India with a total of more than 250 million social media users. 

The region's huge and fast rising population, constantly evolving technological facilities, and expanding middle class make it an appealing market for consumer cloud storage services suppliers. In addition, the region is host to a high number of growing technology firms that are pushing breakthroughs and making investments in consumer cloud storage services.

North American Market Statistics

The consumer cloud storage services market in North America is projected to grab the largest share during the forecast period owing to the generation of huge cloud traffic, and the significant adoption rate of e-commerce, digital signatures, and other digital services in the region. The region's substantially established technological landscape, sophisticated corporate culture, and a big pool of skilled technicians make it a suitable marketplace for cloud storage companies. Amazon Web Services and Microsoft, for instance, have built up an established footing in the region, providing a variety of cloud storage options to match the demands of firms of all kinds.