Consumer cloud storage services market is anticipated to grow at a considerable CAGR of 18.8% during the forecast period. The growth of the market is mainly attributed owing to the increasing number of smartphones, and rising penetration of the internet across the globe. According to the Cisco Annual Internet Report (2018–2023), nearly two-thirds of the global population will have internet access by 2023. There will be 5.3 billion total internet users or 66% of the global population by 2023, up from 3.9 billion or 51% of the global population in 2018. Moreover, the growing deployment of 5G networks coupled with the emergence of next-generation cloud technologies globally are also expected to drive market growth in the forthcoming years.
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Furthermore, the increasing adoption of numerous strategies such as partnership, funding and expansion by market key players including, Dell Technologies, Snowflake, and wasabi Technologies, among others to further drive the market growth. For instance, in may 2022, Dell Technologies partnered with Snowflake, with the purpose of combining Dell’s on-premise storage systems with Snowflake’s cloud data technology to give customers enhanced flexibility operating in multi-cloud environments, meeting data sovereignty requirements and more easily turn data into insights.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Consumer Cloud Storage Services Market by Storage
- 50 GB – 999 GB
- 1 TB – 9.99 TB
- More than 10 TB
Global Consumer Cloud Storage Services Market by Application
- Large Enterprises
- Small and Medium Enterprises (SMEs)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Alibaba Cloud
- Box
- Citrix
- Digitalocean
- Dropbox
- Github, Inc.
- Hitachi Vantara
- Hubic
- Huawei Technologies
- Mediafire
- Netapp Inc.
- Nutanix Inc.
- Oracle Corp.
- Pcloud
- Ple
- Pure Storage Inc.
- Rackspace Technology Inc.
- Scality
- Servicenow Inc.
- Tancent Cloud
- Tencent Holdings Ltd.
- The Constant C8. LLC.
- Toshiba Corp
- Upcloud
- Zadara Inc
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global consumer cloud storage services market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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