Press release
Cloud Based Data Management Services Market: Projections & Growth Rate driven by Technological Innovations, Market Trends, and Key Players
Cloud Based Data Management Services Market Size
What Is The Projected Market Size Of The Global Cloud Based Data Management Services Market And Its Growth Rate?
The Cloud Based Data Management Services Market exhibits compelling growth prospects:
• From $53.1 billion in 2024, the market size will reach $69.1 billion in 2025 at a CAGR of 30.1%. Key growth factors are data explosion and growth, cost efficiency & scalability, globalization of businesses, and an increase in remote work.
• Projections for 2029 show an exponential rise in market size to $218.28 billion at a CAGR of 33.3%. This growth owes to the adoption of hybrid and multi-cloud, integration of edge computing, focus on data governance and quality, rising demand for real-time analytics, and rapid growth in IoT data.
What Is Driving The Growth In The Cloud Based Data Management Services Market?
The acceleration in the deployment of 5G technology is a crucial driver for the Cloud Based Data Management Services Market. As the latest generation of mobile communication networks, 5G facilitates rapid, continuous application delivery, driving businesses towards faster data transfer capabilities. Global 5G wireless network connections experienced a 76% increase from 2021 to 2022, reaching 1.05 billion, as stated by 5G Americas, a representative body for major telecommunications companies. Thus, 5G's widespread adoption propels the market's growth.
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Who Are the Key Players Driving Cloud Based Data Management Services Market Growth?
The principal players influencing 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
• 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 Key Trends In The Cloud Based Data Management Services Market?
Key trends shaping the market include:
• Initiatives for digital transformation
• Technological advancements in cloud services
• Integration of edge computing
• Focus on data security and privacy
• Adoption of multi-cloud management solutions
What Are The Segments Of The Global Cloud Based Data Management Services Market?
The market is analyzed into:
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: BFSI, Manufacturing, Healthcare, IT And Telecommunication, Retail, Other End-Users.
Which Region Leads The Cloud Based Data Management Services Market?
North America dominated the Cloud Based Data Management Services Market in 2024. The report provides insights into diverse regions, including Asia-Pacific, Western Europe, Eastern Europe, South America, and Middle East and Africa, facilitating a comprehensive understanding of the market across geographies.
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What Is Covered In The Cloud Based Data Management Services Market Global Market Report?
- Market Size Analysis: Analyze the Cloud Based Data Management Services Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cloud Based Data Management Services Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cloud Based Data Management Services Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cloud Based Data Management Services Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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