Consumer Cloud Storage Services Market
Consumer Cloud Storage Services Market Size, Share & Trends Analysis Report by Storage (50GB - 999GB, 1TB - 9.99TB, and More than 10 TB), and by Application (Large Enterprises, and Small and Medium Enterprises (SMEs)) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
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.
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.
Segmental Outlook
The global consumer cloud storage services market is segmented storage, and application. Based on storage the market is sub-segmented into 50GB - 999GB, 1TB - 9.99TB, and more than 10TB. Based on application, the market is sub-categorized into large enterprises, and small and medium enterprises (SMEs).
Among the storage segment, the more than 10 TB sub-segment is anticipated to grow at the considerable CAGR over the forecast period. The growth is mainly driven owing to the rising usage of social media platforms such as Twitter, Facebook, and linkedIn. As these websites require more storage to store videos, content, images, and document, which in turn boost the segment’s growth. Moreover, new product development and launches by key players will further boost segment growth. For instance, in December 2021, Seagate Technology Holdings plc. launched the new Exos X20 20 TB and IronWolf Pro 20TB conventional magnetic recording (CMR)-based hard disk drives (HDDs). It is built with keeping cloud storage in mind, the 20TB Exos enterprise is designed for maximum storage capacity the highest rack-space efficiency, and increased mass-capacity data storage capabilities.
Regional Outlooks
The global consumer cloud storage services market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Among these, the North American region is expected to hold a prominent market share in the global consumer cloud storage services market. Meanwhile, the Asia-Pacific region is expected to witness a favourable growth owing to the growing investment by cloud providers to establish data enters across the region.
Global Consumer Cloud Storage Services Market Growth, by Region, 2022-2028
The North American Region is Expected to Hold a Prominent Share in the Global Consumer Cloud Storage Market
The North American region is expected to hold a prominent share in the consumer cloud storage services market. The increasing adoption of these services is mainly driven due to the increasing demand from consumers and businesses. Furthermore, the growing requirement for cheaper data storage options is another major factor supporting the regional growth of the market. Numerous technological advancements and expansion strategies adopted by key vendors such as Amazon Web Services (AWS), IBM Corp., and Oracle Corp., among others is also further driving market growth. For instance, in February 2022, Amazon Web Services, Inc. (AWS) completed its first 16 AWS Local Zones in the US and plans to launch new AWS Local Zones in 32 new metropolitan areas in 26 countries across the globe. AWS Local Zones are a type of infrastructure deployment that extends AWS Regions to place compute, storage, database, and other AWS services at the edge of the cloud near large population, industry, and information technology (IT) centers.
Market Players Outlook
The major companies serving the global consumer cloud storage services market include Amazon AWS, Google, Microsoft Corp., Huawei, Nutanix Inc., Servicenow Inc., Tancent Cloud and others.The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in January 2021, OVHcloud launched a Storage-as-a-Service offering using IBM's enterprise tape technology and the Atempo software stack. The company uses IBM's 3592 proprietary format, which has a capacity per tape of 20TB (60TB compressed). Public and private organizations get benefited from a unified and highly secure storage experience with these high-performance cloud storage solutions.
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.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segmentation
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendation
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Amazon AWS
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Development
3.3. Google Inc.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Development
3.4. Microsoft Corp.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Development
3.5. Nutanix Inc
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Development
3.6. Key Strategy Analysis
4. Market Segmentation
4.1. Global Consumer Cloud Storage Services Market by Storage
4.1.1. 50 GB - 999 GB
4.1.2. 1 TB - 9.99 TB
4.1.3. More than 10 TB
4.2. Global Consumer Cloud Storage Services Market by Application
4.2.1. Large Enterprises
4.2.2. Small and Medium Enterprises (SMEs)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Alibaba Cloud
6.2. Box
6.3. Citrix
6.4. Digitalocean
6.5. Dropbox
6.6. Github, Inc.
6.7. Hitachi Vantara
6.8. Hubic
6.9. Huawei Technologies
6.10. Mediafire
6.11. Netapp Inc.
6.12. Nutanix Inc.
6.13. Oracle Corp.
6.14. Pcloud
6.15. Ple
6.16. Pure Storage Inc.
6.17. Rackspace Technology Inc.
6.18. Scality
6.19. Servicenow Inc.
6.20. Tancent Cloud
6.21. Tencent Holdings Ltd.
6.22. The Constant C8. LLC.
6.23. Toshiba Corp
6.24. Upcloud
6.25. Zadara Inc
1. GLOBAL CONSUMER CLOUD STORAGE SERVICES MARKET RESEARCH AND ANALYSIS BY STORAGE, 2021-2028 ($ MILLION)
2. GLOBAL 50GB - 999GB CONSUMER CLOUD STORAGE SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL 1TB - 9.999TB CONSUMER CLOUD STORAGE SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL MORE THAN 10TB CONSUMER CLOUD STORAGE SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL CONSUMER CLOUD STORAGE SERVICES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
6. GLOBAL CONSUMER CLOUD STORAGE SERVICES FOR LARGE ENTERPRISES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL CONSUMER CLOUD STORAGE SERVICES FOR SMALL AND MEDIUM ENTERPRISES (SMES) MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL CONSUMER CLOUD STORAGE SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. NORTH AMERICAN CONSUMER CLOUD STORAGE SERVICES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
10. NORTH AMERICAN CONSUMER CLOUD STORAGE SERVICES MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
11. NORTH AMERICAN CONSUMER CLOUD STORAGE SERVICES MARKET RESEARCH AND ANALYSIS BY STORAGE, 2021-2028 ($ MILLION)
12. NORTH AMERICAN CONSUMER CLOUD STORAGE SERVICES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
13. EUROPEAN CONSUMER CLOUD STORAGE SERVICES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
14. EUROPEAN CONSUMER CLOUD STORAGE SERVICES MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
15. EUROPEAN CONSUMER CLOUD STORAGE SERVICES MARKET RESEARCH AND ANALYSIS BY STORAGE, 2021-2028 ($ MILLION)
16. EUROPEAN CONSUMER CLOUD STORAGE SERVICES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
17. ASIA-PACIFIC CONSUMER CLOUD STORAGE SERVICES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
18. ASIA-PACIFIC CONSUMER CLOUD STORAGE SERVICES MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
19. ASIA-PACIFIC CONSUMER CLOUD STORAGE SERVICES MARKET RESEARCH AND ANALYSIS BY STORAGE, 2021-2028 ($ MILLION)
20. ASIA-PACIFIC CONSUMER CLOUD STORAGE SERVICES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
21. REST OF THE WORLD CONSUMER CLOUD STORAGE SERVICES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. REST OF THE WORLD CONSUMER CLOUD STORAGE SERVICES MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
23. REST OF THE WORLD CONSUMER CLOUD STORAGE SERVICES MARKET RESEARCH AND ANALYSIS BY STORAGE, 2021-2028 ($ MILLION)
24. REST OF THE WORLD CONSUMER CLOUD STORAGE SERVICES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. GLOBAL CONSUMER CLOUD STORAGE SERVICES MARKET SHARE BY STORAGE, 2021 VS 2028 (%)
2. GLOBAL 5GB - 999GB CONSUMER CLOUD STORAGE SERVICES MARKET SHARE BY REGION, 2021 VS 2028 (%)
3. GLOBAL 1TB - 9.99TB CONSUMER CLOUD STORAGE SERVICES MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL MORE THAN 10 TB CONSUMER CLOUD STORAGE SERVICES MARKET SHARE BY REGION, 2021 VS 2028 (%)
5. GLOBAL CONSUMER CLOUD STORAGE SERVICES MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
6. GLOBAL CONSUMER CLOUD STORAGE SERVICES FOR LARGE ENTERPRISES MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL CONSUMER CLOUD STORAGE SERVICES FOR SMALL AND MEDIUM ENTERPRISES (SMES) MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL CONSUMER CLOUD STORAGE SERVICES MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. US CONSUMER CLOUD STORAGE SERVICES MARKET SIZE, 2021-2028 ($ MILLION)
10. CANADA CONSUMER CLOUD STORAGE SERVICES MARKET SIZE, 2021-2028 ($ MILLION)
11. UK CONSUMER CLOUD STORAGE SERVICES MARKET SIZE, 2021-2028 ($ MILLION)
12. FRANCE CONSUMER CLOUD STORAGE SERVICES MARKET SIZE, 2021-2028 ($ MILLION)
13. GERMANY CONSUMER CLOUD STORAGE SERVICES MARKET SIZE, 2021-2028 ($ MILLION)
14. ITALY CONSUMER CLOUD STORAGE SERVICESMARKET SIZE, 2021-2028 ($ MILLION)
15. SPAIN CONSUMER CLOUD STORAGE SERVICES MARKET SIZE, 2021-2028 ($ MILLION)
16. REST OF EUROPE CONSUMER CLOUD STORAGE SERVICES MARKET SIZE, 2021-2028 ($ MILLION)
17. INDIA CONSUMER CLOUD STORAGE SERVICES MARKET SIZE, 2021-2028 ($ MILLION)
18. CHINA CONSUMER CLOUD STORAGE SERVICES MARKET SIZE, 2021-2028 ($ MILLION)
19. JAPAN CONSUMER CLOUD STORAGE SERVICES MARKET SIZE, 2021-2028 ($ MILLION)
20. SOUTH KOREA CONSUMER CLOUD STORAGE SERVICES MARKET SIZE, 2021-2028 ($ MILLION)
21. REST OF ASIA-PACIFIC CONSUMER CLOUD STORAGE SERVICES MARKET SIZE, 2021-2028 ($ MILLION)
22. REST OF THE WORLD CONSUMER CLOUD STORAGE SERVICES MARKET SIZE, 2021-2028 ($ MILLION)
