Research and Markets: Global Customer Cloud App Market 2014-2018: Detailed Discussion of Trends, Drivers, Challenges. Includes Market Size, Forecast, Growth Rate
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/pz6b3m/global_customer) has announced the addition of the "Global Customer Cloud App Market 2014-2018" report to their offering.
The analysts forecast the Global Customer Cloud App market to grow at a CAGR of 15.25 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increased need for effective storage. The Global Customer Cloud App market has also been witnessing that the increasing number of vendors leads to a decrease in the cost of cloud applications. However, the growing concern regarding data security could pose a challenge to the growth of this market.
Key vendors dominating this space are Apple Inc., Google Inc., Microsoft Corp. and Zoho Corp.
Other vendors mentioned in the report are Backblaze Inc., Box Inc., Carbonite Inc., Dropbox Inc., and SugarSync Inc.
Commenting on the report, an analyst from the team said: The Global Customer Cloud App market is witnessing a number of new vendors entering the market and providing cloud-based storage solutions. With the entry of new vendors such as Western Digital Technologies Inc. and the expansion of free storage space by vendors such as Box Inc., there is increasing competition among vendors resulting in a decrease of prices of cloud-based storage solutions. Furthermore, many established vendors are entering into partnerships with other cloud-based service providers to develop cloud-based storage solutions to provide an end-to-end solution to customers. Large storage infrastructures are being established to meet the growing cloud computing and cloud-based storage requirements of customers across the globe.
According to the report, one of the major drivers is the increased need for effective and efficient storage systems. Consumer cloud computing allows users to effectively store content in the form of photos, music, documents, etc. Data stored on the cloud can be accessed anytime and through a web browser on any device such as a smartphone, tablet, PC or any handheld device.
For more information visit http://www.researchandmarkets.com/research/pz6b3m/global_customer
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