SYS-CON MEDIA Authors: Elizabeth White, Zakia Bouachraoui, Liz McMillan, Janakiram MSV, Carmen Gonzalez

News Feed Item

Consumer Cloud Storage Services Market to Reach US$ 3,071.2 Mn by 2026- Persistence Market Research

NEW YORK, October 17, 2018 /PRNewswire/ --

Global Consumer Cloud Storage Services Market Driven by Significant Growth in Smartphone Use Across the World

Persistence Market Research (PMR) recently published a report titled "Consumer Cloud Storage Services Market - Global Industry Analysis 2013-2017 and Forecast 2018-2026." The adoption of consumer cloud storage services by is increasing owing to an increase in the amount of data generated by users. Consumer cloud storage services help users store data securely and gain access to it at any point in time from any device. These devices include smartphones, PCs, and tablets. The global consumer cloud storage services market is expected to grow at a CAGR of 14.9% during the forecast period. The consumer cloud storage services market was valued at US$ 912.6 Mn in 2017, and is projected to grow significantly to reach US$ 3,071.2 Mn by 2026 due to an increase in the availability of HD video content across the globe.

     (Logo: https://mma.prnewswire.com/media/661339/Persistence_Market_Research.jpg )

In this report, PMR has segmented the global consumer cloud storage services market on the basis of storage tier, user age, and region. By storage tier, the market is subsegmented into 50 GB-999 GB, 1 TB - 9.99 TB, and >= 10 TB. Due to an affordable pricing structure, the 50 GB-999 GB subsegment was valued at 487.7 Mn in 2017. The 50 GB-999 GB subsegment of the consumer cloud storage services market is also projected to grow with a double-digit growth rate during the forecast period. Furthermore, the usage of social media sites, such as Facebook, YouTube, and Twitter, is very high in developed countries such as the U.S., U.K., Germany, and Canada. These sites are getting multimedia-heavy day by day, which is motivating users to create more content such as videos and photos.

Request For Report Sample: https://www.persistencemarketresearch.com/samples/20110

With these factors, the 1 TB - 9.99 TB subsegment is also expected to create potential opportunities for the vendors of consumer cloud storage services. As multimedia content is now being accessed through subscription services by a large number of users, cloud service providers are looking for new possible usages with data stored on the cloud. Major area of focus for several cloud service providers are collaboration tools and third-party integrations. Owing to this, the 18-40 years segment, a subsegment of the "by user age" segment, is projected to hold a market share of more than 70% at the end of 2018 in the global consumer cloud storage services market. Moreover, the 18-40 years subsegment is expected to grow at a relatively higher CAGR as the demand for consumer cloud storage services is growing rapidly in various countries such as India, U.K., and China. Due to a continuous increase in the number of mobile workforce, the 18-40 years subsegment is also expected to witness a high growth rate during the forecast period.

Consumer Cloud Storage Services Market Segmentation: By Storage Tier - 50  GB-999 GB, 1 TB - 9.99 TB, >= 10 TB; By User Age - < 18 Years, 18-40 Years, >40 Years: https://www.persistencemarketresearch.com/market-research/consumer-cloud-storage-services-market.asp

On the basis of geography, the North America consumer cloud storage services market is expected to dominate the global consumer cloud storage services market due to advancements in next-generation communication and cloud technologies in the country. The region has witnessed the widespread deployment of smartphones and virtual storage technologies in the past couple of years. These factors are fuelling the growth of the consumer cloud storage services market in North America. The consumer cloud storage services market has high potential in Europe owing to major technological advancements in the telecommunication industry and increase in the number of mobile workforce in various countries of the region.

Download and View Report TOC, Figures and Tables @ https://www.persistencemarketresearch.com/methodology/20110

According to PMR analysis, long-term contracts with business partners are likely to increase revenue and new innovation strategies are estimated to enable the vendors of consumer cloud storage services to reach new growth markets. Some of the market participants in the global consumer cloud storage services market report include Apple Inc.; Google (Alphabet Inc.) Box, Inc.; Dropbox, Inc.; Amazon.com, Inc.; Microsoft Corporation; Sync.com Inc.; Hubic (OVH) Mediafire and pCloud AG.

Get full Report Now: https://www.persistencemarketresearch.com/checkout/20110

More from PMR's IT and Telecommunication Intelligence:

Epro Epatient Diaries And Ecoa Market Segmented (By Type of Solution - eCOA (Electronic Clinical Outcome Assessments), ePROs (Patient Reported Outcomes), ClinROs (Clinician Reported Outcomes), ObsROs (Observer Reported Outcomes), PerfOs (Performance Outcomes), E-Patient Diaries; By Clinical Trial Sponsors - Contract Research Organizations (CROs), Hospitals, Academic Institutes, Pharmaceutical Companies, Medical Device Manufacturers; By Modality Type - Computer, Mobile Devices (Smartphones and Tablets)) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2025: https://www.persistencemarketresearch.com/market-research/epro-epatient-diaries-and-ecoa-market.asp

Virtual Reality Market Segmented (By Component - Sensors, Controllers & processors, Integrated Circuits, Virtual Reality Software Platform; By Application - Gaming, Surgery & Treatments, E-Learning, Vehicle Simulation, Others; By Industries - Healthcare, Media & Entertainment, Education, Telecommunication, Aerospace & Defense, Real Estate, Other Industries) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2022: https://www.persistencemarketresearch.com/market-research/virtual-reality-market.asp

IT Service Management Tools Market Segmented (By Type - Configuration Management, Performance Management, Network Management, Database Management; By Deployment - On-Premise, Cloud; By Industry - BFSI, IT and ITES, Telecommunication, Media and Entertainment, Retail, Utilities, Manufacturing, Education, Government, Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2025: https://www.persistencemarketresearch.com/market-research/it-service-management-tools-market.asp

Persistence Market Research Overview 

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact
Persistence Market Research
U.S. Sales Office:
305 Broadway, 7th Floor
New York City, NY 10007
+1-646-568-7751
United States
USA - Canada Toll-Free: 800-961-0353
Email: [email protected]  

PMR Latest News:https://www.persistencemarketresearch.com/news

SOURCE Persistence Market Research Pvt. Ltd.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Platform-as-a-Service (PaaS) is a technology designed to make DevOps easier and allow developers to focus on application development. The PaaS takes care of provisioning, scaling, HA, and other cloud management aspects. Apache Stratos is a PaaS codebase developed in Apache and designed to create a highly productive developer environment while also supporting powerful deployment options. Integration with the Docker platform, CoreOS Linux distribution, and Kubernetes container management system ...
Because Linkerd is a transparent proxy that runs alongside your application, there are no code changes required. It even comes with Prometheus to store the metrics for you and pre-built Grafana dashboards to show exactly what is important for your services - success rate, latency, and throughput. In this session, we'll explain what Linkerd provides for you, demo the installation of Linkerd on Kubernetes and debug a real world problem. We will also dig into what functionality you can build on ...
In a recent survey, Sumo Logic surveyed 1,500 customers who employ cloud services such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). According to the survey, a quarter of the respondents have already deployed Docker containers and nearly as many (23 percent) are employing the AWS Lambda serverless computing framework. It's clear: serverless is here to stay. The adoption does come with some needed changes, within both application development and operations. Th...
After years of investments and acquisitions, CloudBlue was created with the goal of building the world's only hyperscale digital platform with an increasingly infinite ecosystem and proven go-to-market services. The result? An unmatched platform that helps customers streamline cloud operations, save time and money, and revolutionize their businesses overnight. Today, the platform operates in more than 45 countries and powers more than 200 of the world's largest cloud marketplaces, managing mo...
The standardization of container runtimes and images has sparked the creation of an almost overwhelming number of new open source projects that build on and otherwise work with these specifications. Of course, there's Kubernetes, which orchestrates and manages collections of containers. It was one of the first and best-known examples of projects that make containers truly useful for production use. However, more recently, the container ecosystem has truly exploded. A service mesh like Istio a...
Containerized software is riding a wave of growth, according to latest RightScale survey. At Sematext we see this growth trend via our Docker monitoring adoption and via Sematext Docker Agent popularity on Docker Hub, where it crossed 1M+ pulls line. This rapid rise of containers now makes Docker the top DevOps tool among those included in RightScale survey. Overall Docker adoption surged to 35 percent, while Kubernetes adoption doubled, going from 7% in 2016 to 14% percent.
Technology has changed tremendously in the last 20 years. From onion architectures to APIs to microservices to cloud and containers, the technology artifacts shipped by teams has changed. And that's not all - roles have changed too. Functional silos have been replaced by cross-functional teams, the skill sets people need to have has been redefined and the tools and approaches for how software is developed and delivered has transformed. When we move from highly defined rigid roles and systems to ...
Even if your IT and support staff are well versed in agility and cloud technologies, it can be an uphill battle to establish a DevOps style culture - one where continuous improvement of both products and service delivery is expected and respected and all departments work together throughout a client or service engagement. As a service-oriented provider of cloud and data center technology, Green House Data sought to create more of a culture of innovation and continuous improvement, from our helpd...
Docker and Kubernetes are key elements of modern cloud native deployment automations. After building your microservices, common practice is to create docker images and create YAML files to automate the deployment with Docker and Kubernetes. Writing these YAMLs, Dockerfile descriptors are really painful and error prone.Ballerina is a new cloud-native programing language which understands the architecture around it - the compiler is environment aware of microservices directly deployable into infra...
The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete at launch. DevOps may be disruptive, but it is essential. DevOpsSUMMIT at CloudEXPO expands the DevOps community, enable a wide sharing of knowledge, and educate delegates and technology providers alike.
Public clouds dominate IT conversations but the next phase of cloud evolutions are "multi" hybrid cloud environments. The winners in the cloud services industry will be those organizations that understand how to leverage these technologies as complete service solutions for specific customer verticals. In turn, both business and IT actors throughout the enterprise will need to increase their engagement with multi-cloud deployments today while planning a technology strategy that will constitute a ...
The platform combines the strengths of Singtel's extensive, intelligent network capabilities with Microsoft's cloud expertise to create a unique solution that sets new standards for IoT applications," said Mr Diomedes Kastanis, Head of IoT at Singtel. "Our solution provides speed, transparency and flexibility, paving the way for a more pervasive use of IoT to accelerate enterprises' digitalisation efforts. AI-powered intelligent connectivity over Microsoft Azure will be the fastest connected pat...
While more companies are now leveraging the cloud to increase their level of data protection and management, there are still many wondering “why?” The answer: the cloud actually brings substantial advancements to the data protection and management table that simply aren’t possible without it. The easiest advantage to envision? Unlimited scalability. If a data protection tool is properly designed, the capacity should automatically expand to meet any customer’s needs. The second advantage: the ...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
As you know, enterprise IT conversation over the past year have often centered upon the open-source Kubernetes container orchestration system. In fact, Kubernetes has emerged as the key technology -- and even primary platform -- of cloud migrations for a wide variety of organizations. Kubernetes is critical to forward-looking enterprises that continue to push their IT infrastructures toward maximum functionality, scalability, and flexibility. As they do so, IT professionals are also embr...