Consumer Cloud Storage Services Market size was over USD 19.49 billion in 2024 and is projected to reach USD 169.46 billion by 2037, witnessing around 18.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of consumer cloud storage services is assessed at USD 25.54 billion.
A growing demand for consumer cloud storage services for data storage, combined with advancements in mobile communication technologies, is propelling the consumer cloud storage services industry forward.
The continuous expansion of internet connectivity around the world, as well as various technological breakthroughs like 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI), have considerably enhanced economic growth during the previous two decades. As of April 2021, more than 4.5 billion people were continuously utilizing the internet worldwide.
Furthermore, the rise of the ICT sector has considerably contributed to GDP growth, labor productivity, and expenditure on research and development, among other economic shifts in various countries around the world.
Author Credits: Abhishek Verma
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