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5G Technology's Influence On The Accelerating Growth Of Cloud-Based Data Management Services Market: Key Factor Driving The Growth In The Cloud Based Data Management Services Market
Cloud Based Data Management Services
What Is the Expected Cloud Based Data Management Services Market Size During the Forecast Period?
The Cloud Based Data Management Services Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Cloud Based Data Management Services Market Size During the Forecast Period?
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What Are the High-Growth Segments in 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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What Key Drivers Are Expected to Influence Future Cloud Based Data Management Services Market Growth?
The growth of the market for cloud-based data management services is expected to accelerate due to the expanding adoption of 5G technology. As the latest-generation mobile communication networks, 5G has taken over from previous instances like 4G (LTE) and 3G. The speed and continuous application delivery facilitated by 5G encourage businesses to adopt services requiring quick data transfer. For example, 5G Americas, a trade group representing leading telecommunications firms and services in the US, reported in April 2023 that global connections to the 5G wireless network surged by 76% from the end of 2021 to 2022's conclusion, hitting 1.05 billion. Hence, the growing utilisation of 5G technology is what's propelling the cloud-based data management services market forward.
Which Companies Hold the Largest Share Across Different Cloud Based Data Management Services Market Segments?
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 Trends Are Driving Growth in The Cloud Based Data Management Services Market?
Major companies that provide cloud-based data management services are leveraging strategic partnerships to expand their databases rapidly as their AI workloads increase, ensuring they can manage the high quantity of data produced by AI applications. Collaborations are vital in providing comprehensive data management solutions from beginning to end for business clients. For instance, in November 2023, IBM, an American technology corporation, collaborated with Amazon Web Services, a US-based cloud computing firm, for Db2, a fully managed cloud service designed to simplify data management for AI workloads in hybrid cloud settings. Amazon RDS for Db2 is tailored to work flawlessly with other AWS AI services, enabling clients to utilize AI-driven insights and analytics in their database.
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What Are the Emerging Geographies for The Cloud Based Data Management Services Market Growth?
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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Cloud Based Data Management Services Market?
2. What is the CAGR expected in the Cloud Based Data Management Services Market?
3. What Are the Key Innovations Transforming the Cloud Based Data Management Services Industry?
4. Which Region Is Leading the Cloud Based Data Management Services Market?
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