What is Consumer Cloud Storage Services?
Cloud storage gives 24/7 access to the documents, photos, music, and videos and the user can get all of it wherever they want and on any compatible device, as long as the user have an internet connection. Cloud storage also makes sharing easy and not least, it's an admirable way to back up all the digital content. Computer systems have been gradually moving away from local storage to remote, server-based storage and processing. Consumers are affected too they now stream video and music from servers rather than playing them from discs. Most cloud services do offer some level of backup, almost as a consequence of their planned function.
The market study is broken down, by Application (Primary Storage and Backup and Disaster Recovery) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Consumer Cloud Storage Services market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Apple (United States), Google (United States), Microsoft (United States), Box (United States), Dropbox (United States), Amazon (United States), Sync Inc. (United States), Hubic (OVH) (France), Mediafire (United States) and Pcloud (Switzerland) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Consumer Cloud Storage Services market by Type, Application and Region.
On the basis of geography, the market of Consumer Cloud Storage Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Switzerland, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Platform, the sub-segment i.e. Android will boost the Consumer Cloud Storage Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Individual will boost the Consumer Cloud Storage Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Storage Capacity, the sub-segment i.e. 50 GB-999 GB will boost the Consumer Cloud Storage Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In April 2019- Microsoft has New smart multi-cloud storage solutions for businesses. and In 2019- IBM is announcing a broad spectrum of innovations, enhancements, and new features across our entire storage portfolio, aimed at providing leading-edge solutions for 21st-century business and technology challenges.
Market Trend
- Rising Volume of Data Being Uploaded on the Servers
Market Drivers
- Presence of Next-Generation Cloud Technologies and Deployment of 5G Networks
- Growing Adoption & Penetration of the Internet
Opportunities
- Adoption of AI to Achieve Data Integrity
- Development of Distributed Storage Arrays
Restraints
- Lack of Network Bandwidth
Challenges
- Data Privacy and Security Concerns
Key Target Audience
Cloud Storage Service Providers, Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.