The increasing usage of mobile devices and smartphone needs real-time data storage platform where users can store their data on one platform. This enabled cloud service providers to offer Consumer Cloud Subscription services through cloud platform.
The primary feature of the cloud platform is that the stored data can be accessed anytime, anywhere on various devices. This is a major advantage increases the demand for consumer cloud subscription services.
In addition to this, other key benefits of consumer cloud subscription enhanced storage and data sharing. The platform enables an enhanced user friendly interface as compared to the conventional data storage platform.
, cloud subscription services are majorly used the storage of photos, videos, contacts, personal information and songs.
The increasing demand for digitalisation from technological savvy consumers for storing their information on cloud is the primary driver for the global consumer cloud subscription market. In addition to this, an increased demand for a digital storage platform, for storing digital data and content, is accompanied with increasing adoption of smartphones/tablets and penetration of internet.
This demand also drives the growth of consumer cloud subscription market. Consumer cloud subscriptions are, additionally, boosted with proliferation of email and social media to store photos, videos, contacts other details. Furthermore, with growing number of small and medium-sized businesses are using consumer cloud subscription services to store their social media content on cloud.
The primary factor restraining the growth and adoption of consumer cloud subscription market is data breaches. As the data is stored over cloud, it is vulnerable to cyber-attacks and loss of information.
Factors such as lack of awareness and difficulty in recovery, once the data is lost, also challenges the growth of consumer cloud subscription market.
Global Consumer Cloud Subscription Market can be divided into the following segments - based on revenue and users
The major segments of Consumer Cloud Subscription market on basis of revenue include:
The major segments of Consumer Cloud Subscription market on basis of User include:
Individual segment is expected to dominate the global consumer cloud subscription market by user type because of increasing use of social media, smart phones and storage of pictures, videos, contacts etc. by individuals. Adoption of consumer cloud subscription by small and medium sized businesses is also expected to rise in the forecast period.
North America dominates the global consumer cloud subscription market due to technological advancements and acceptance in the region. APAC and Europe are expected to follow North America in the global consumer cloud subscription market. The higher growth in APAC is corresponded with the increasing adoption of smart phones and tablets in the region.
Some of the major Consumer Cloud Subscription global players include Amazon Inc., Apple Inc., Dropbox, Inc., Google Inc., Box, Inc., Microsoft Corporation, Nextcloud, SoundCloud, Carbonite, Inc. and Buffalo Americas, Inc.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.
The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Consumer Cloud Subscription Market
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