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Published on : Dec 07, 2018

ALBANY, New York, Dec 07, 2018: The demand within the global market for consumer cloud storage services has risen on account of key advancements in the global IT industry. The storage of huge chunks of data has been a matter of concern amongst software professionals, students, and other population demographics, and this factor has given an impetus to the growth of the global market for consumer cloud storage services in recent times. Cloud storage enables users to store their data on an external server without consuming the space of the personal device or hardware. This feature has been the most revolutionary idea for professionals from various fields and industries, and has given a mark of sophistication to these industries. Owing to the aforementioned factors, the demand within the global market for consumer cloud storage services is projected to expand at a robust rate in the years to follow. Furthermore, the global market for consumer cloud storage is anticipated to fetch titanic revenues as the IT industry matures to an optimal level. A report added by ResearchMoz.us is a deft reminder of the forces that have aided market growth in recent times. The title of the report is “Global Market Study on Consumer Cloud Storage Services: 18-40 Years User Age Segment Expected to Remain Dominant Through 2026”.

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Amongst the various drivers of demand within the global market for consumer cloud storage, the most prominent one has been the advent of multiple cloud platforms that can store and save data. The capacity of cloud data storage platforms outdoes the capacity of hardware devices, and this helps individuals in storing large chunks of data with a sane level of ease. Hence, the benefits of quick storage, easy retrieval, and enhanced safety have played a major role in the growth of the global market for consumer cloud storage services in recent times. Furthermore, data stored on a cloud server can be accessed from any location provided the user is connected to the internet. This is another key driver of demand across the global market for consumer cloud storage in recent times.

The demand for consumer cloud storage services in North America has been rising on account of the abundance of freelance software professionals in the region. The expansive IT sector in China, India, and Japan has given a mark of advancement to the market for consumer cloud storage services in Asia Pacific. It is also expected that the option of granting quick access to a file to multiple users would also popularise the use of consumer cloud storage services across these regions.

Some of the key vendors in the global market for consumer cloud storage services are Google (Alphabet Inc.); Apple Inc.; Box, Inc.; Amazon.com, Inc.; Dropbox, Inc.; and Microsoft Corporation.

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