LONDON--(BUSINESS WIRE)--Aug 28, 2018--The global self-storage and moving services market is expected to post a CAGR of close to 8% during the period 2018-2022, according to the latest market research report by .

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Technavio has published a new market research report on the global self-storage and moving services market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the steep competition due to the fragmented marketplace in developed economies and lack of adoption rate in emerging economies. The consumers in the self-storage and moving services market choose to store goods within a radius of 5 miles from their homes or businesses. Thus, the vendors who operate in this market should compete with the local self-storage facilities.

This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the emergence of cloud-based self-storage and moving services software and mobile applications as one of the key emerging trends in the global self-storage and moving services market:

Global self-storage and moving services market: Emergence of cloud-based self-storage and moving services software and mobile applications

The cloud-based self-storage solution, which uses a centralized database hosted online or the software-as-a-solution (SaaS) has been gaining popularity. The vendors availing this software solution do not have to worry about the IT infrastructure. The vendors can provide services on a cloud platform with a centralized database using this software, thereby reducing the operating cost.

“The penetration of cloud-based self-storage software was about two-thirds of the global self-storage and moving services market in 2017. The share of this software is further anticipated to grow because of its high economic and operational benefits when compared with the on-premise self-storage software solutions,” says a senior analyst at Technavio for research on warehouse and storage.

Global self-storage and moving services market: Segmentation analysis

This market research report segments the global self-storage and moving services market by service (climate-controlled self-storage, full-service moving, full-service moving, and DIY moving truck rental) and geography (the Americas, APAC, and EMEA).

The Americas led the market in 2017 with more than 82% of the market share, followed by APAC and EMEA respectively. The Americas is anticipated to dominate the global market throughout the forecast period due to the increase in migration of individuals to urban cities.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE: Technavio Research

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PUB: 08/28/2018 09:03 AM/DISC: 08/28/2018 09:03 AM

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