The Business Research Company’s report on the Cloud Based Data Management Services Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the cloud based data management services industry?
The increasing deployment of 5G technology is expected to propel the growth of the cloud-based data management services market going forward. 5G refers to the most recent generation of mobile communication networks, which succeeded earlier versions such as 4G (LTE) and 3G. 5G technology can facilitate faster, continuous application delivery, which steers businesses towards services that require faster data transfer capabilities. For instance, in April 2023, according to 5G Americas, a US-based trade group that represents major telecommunications companies and services, global 5G wireless network connections increased by 76% from the end of 2021 to the end of 2022, reaching 1.05 billion. Therefore, the increasing deployment of 5G technology is driving the cloud-based data management services market.
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What is the estimated market size of the cloud based data management services sector by 2029, based on current forecasts?
The cloud based data management services market size has grown exponentially in recent years. It will grow from$53.1 billion in 2024 to $69.1 billion in 2025 at a compound annual growth rate (CAGR) of 30.1%. The growth in the historic period can be attributed to data explosion and growth, cost efficiency and scalability, globalization of businesses, rise in remote work, focus on data security and compliance
The cloud based data management services market size is expected to see exponential growth in the next few years. It will grow to “$218.28 billion in 2029 at a compound annual growth rate (CAGR) of 33.3%. The growth in the forecast period can be attributed to hybrid and multi-cloud adoption, edge computing integration, focus on data governance and quality, increased demand for real-time analytics, rapid growth in IoT data. Major trends in the forecast period include digital transformation initiatives, technological advancements in cloud services, edge computing integration, data security and privacy focus, multi-cloud management solutions.
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#Who are the top players in the cloud based data management services market?
Major companies operating in the cloud based data management services market include Actian Corporation, Cisco Systems Inc., Dell Technologies Inc., EMC Corporation, Fujitsu Ltd., Hewlett Packard Enterprise Development LP, Hitachi Data Systems Corporation, International Business Machines Corporation (IBM), Informatica LLC, NetApp Inc., SAS Institute Inc., Hewlett Packard Enterprise Company L.P., Oracle Corporation, SAP SE, Amazon Web Services Inc., Microsoft Corporation, Google LLC, Snowflake Inc., Teradata Corporation, Accenture plc, TIBCO Software Inc., Cloudera Inc., Experian plc, Alibaba Group, Neo4j Inc., OrientDB Inc., ArangoDB GmbH, Cockroach Labs, ScaleBase Inc., Clustrix
#What are the major trends in the cloud based data management services market?
Major companies operating in the cloud-based data management services are developing strategic partnerships to quickly scale their databases as their AI workloads grow, ensuring that they can handle large volumes of data generated by AI applications. Partnerships play a crucial role in the delivery of comprehensive end-to-end data management solutions for enterprise customers. For instance, in November 2023, IBM, a US-based technology corporation partnered with Amazon Web Services, a US-based cloud computing company for Db2, a fully managed cloud offering designed to make it easier for database customers to manage data for artificial intelligence (AI) workloads across hybrid cloud environments. Amazon RDS for Db2 is designed to work seamlessly with other AWS AI services, enabling customers to leverage AI-driven insights and analytics in their database.
Which geography holds the highest cloud based data management services market share?
North America was the largest region in the cloud-based data management services market in 2024. The regions covered in the cloud based data management services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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How do different segments contribute to the overall expansion of the cloud based data management services market?
The cloud based data management services market covered in this report is segmented –
1) By Service Type: Integration Services, Data Security and Back-up Services Quality-as-a-Service
2) By Service Model: Software-As-A-Service, Platform-As-A-Service, Infrastructure-As-A-Service
3) By Deployment model: Public Cloud, Private Cloud, Other deployment modes
4) By End-User: Banking, Financial Services and Insurance (BFSI), Manufacturing, Healthcare, Information Technology (IT) And Telecommunication, Retail, Other End-User
Subsegments:
1) By Integration Services: Data Migration, API Management, Cloud Integration Platforms, Application Integration, Middleware Solutions
2) By Data Security And Back-Up Services: Data Encryption, Backup And Recovery Solutions, Disaster Recovery As A Service (DRaaS), Access Control Management, Threat Detection And Response
3) By Quality-As-A-Service: Data Quality Assessment, Data Cleansing, Data Profiling, Data Enrichment, Continuous Data Quality Monitoring
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How is the cloud based data management services market defined?
Cloud data management services refer to offering the practice of storing a company’s data at an offsite data center using cloud data management platforms, tools, policies, and procedures. It is used to manage data across cloud platforms.
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