Cloud Based Data Management Services Global Market Is Expected To Grow At A Rate Of More Than 31% Through 2023 – 2027
27 Jun, 2023
The global cloud based data management services market size is expected to grow from $31.33 billion in 2022 to $41.19 billion in 2023 at a compound annual growth rate (CAGR) of 31.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global cloud-based data management services market size is expected to reach $121.92 billion in 2027 at a CAGR of 31.2%.
Global Cloud Based Data Management Services Market Segments
The global cloud based data management services market 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
5) By Geography: 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, and Africa. Among these regions, North America accounts for the largest share in the global cloud based data management services market.
Major Cloud Based Data Management Services Industry Players
Actian Corporation, Cisco Systems Inc., Dell Technologies, EMC Corporation, Fujitsu Ltd., Hewlett Packard Enterprise Development LP, Hitachi Data Systems Corporation, International Business Machines Corporation, Informatica LLC, NetApp Inc., SAS Institute, HP Development Company L.P., Oracle, SAP SE, Amazon Web Services Inc.
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Cloud Based Data Management Services Market Overview
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.
Cloud Based Data Management Services Global Market Report 2023 provides data on the global cloud based data management services market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The cloud based data management services market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.