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Basic business information, along with product portfolio comprising detailed specifications and top applications. It offers massive data about trending factors that will influence the progress of the Global Consumer Cloud Storage Services Market. Updates on mergers, acquisitions, and expansion plans of leading players. Who are the key vendors in the Global Consumer Cloud Storage Services Market? Cloud storage and file-sharing services enable distributed organizations to securely share large files, store them in the cloud, synchronize them across devices, and provide access so clients and colleagues can collaborate without the fear of losing data. A recent market research report added to repository of Credible Markets is an in-depth analysis of “Global Cloud Storage Services Market… Growth rate estimates for all product types over the forecast duration. According to a study published by CenturyLink, a telecommunications company, the cloud computing technology is expected to generate revenue of USD 411 billion by 2020, across the world. It offers a seven-year assessment of Global Consumer Cloud Storage Services Market. This is expected to boost the adoption of the cloud storage over the forecast period. Cloud storage is based on highly virtualized infrastructure and is like broader cloud computing in terms of interfaces, near-instant elasticity and scalability, multi-tenancy, and metered resources. North America is expected to hold a significant share owing to early adoption of new technologies,  huge investments in R&D for the cloud-based solutions, and enhanced IT infrastructure. Gartner projects global public cloud revenue will grow 17% in 2020 to $266.4 billion. Projected growth rate of the industry over the analysis timeline, backed with a comparative study of the historical data and current market scenario is included. 4.2 Introduction to Market Drivers and Restraints, 4.3.1 Increase in Cloud Adoption Across Organizations, 4.3.2 Increase in Demand for Hybrid Cloud, 4.3.3 Growing Demand for Low-cost Storage and Faster Data Accessibility, 4.4.1 Privacy and Security Concerns regarding Cloud Storage, 4.5 Industry Attractiveness - Porter's Five Force Analysis, 4.5.2 Bargaining Power of Buyers/Consumers, 8. The Consumer Cloud Storage Services market, in brief, has been rigorously studied through multiple fragmentations, while keeping track of industry supply chain and sales channel with respect to the raw materials, upstream suppliers, distributors, and downstream buyers. Market share held by all product segments. Moreover, cheap and secure storage options result in rapid industrial development. Remuneration accrued by each product type. What are the risks and challenges in front of the market? All Rights Reserved to Mordor Intelligence. The Global Cloud Storage Market is Segmented by Solution (Cloud Storage Gateway, Primary Storage, Backup Storage, Data Archiving), Service (Managed Services, Professional Services), Deployment (Private Cloud, Public Cloud, Hybrid Cloud), End-User, and Geography. While free platforms like Dropbox and iCloud continue to excel as the most popular free file storage services, Amazon Web Services appear to be the clear winner according to cloud computing stats in 2020 1. The global cloud storage services market size is expected to grow by USD 73.21 billion during 2020-2024, according to Technavio. Equal and extraordinary proportions of industry expertise, problem solving ability and inclination,.! Service revenues on track for $ 8 billion for expanding the Global cloud! Entrants, and market share, market dynamics, market growth,.... 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