Press release
2025-2034 Cloud Based Data Management Services Market Evolution: Disruptions, Innovations, and Untapped Opportunities
Cloud Based Data Management Services
What Is the Expected CAGR for the Cloud Based Data Management Services Market Through 2025?
The market size for cloud-based data management services has seen drastic expansion in the latest years. It is projected to surge from $53.1 billion in 2024 to $68.74 billion in 2025 with a Compound Annual Growth Rate (CAGR) of 29.5%. The substantial growth observed in the historic timeframe can be associated with factors such as data explosion and growth, cost efficiency and scalability, the globalization of businesses, the increase in remote work opportunities, and an emphasis on data security and compliance.
What's the Projected Size of the Global Cloud Based Data Management Services Market by 2029?
The market size for cloud-based data management services is anticipated to witness a substantial increase over the coming years. It is forecasted to reach $214.89 billion by 2029 expanding at a compound annual growth rate (CAGR) of 33.0%. This anticipated growth during the projection period is attributed to the adoption of hybrid and multi-cloud, the integration of edge computing, prioritization of data governance and quality, substantial demand for real-time analytics, and a bottom-line increase in IoT data. Inclusive in the upcoming key trends are digital transformation projects, technological evolutions in cloud services, edge computing amalgamation, heightened focus on data security and confidentiality, and solutions for managing multi-cloud.
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Top Growth Drivers in the Cloud Based Data Management Services Industry: What's Accelerating the Market?
The escalation in the use of 5G technology is anticipated to boost the expansion of cloud-based data management services in the future. The term 5G refers to the latest generation of mobile network communications, succeeding past generations like 4G (LTE) and 3G. The capability of 5G technology to enable faster and consistent application delivery prompts businesses to adopt services demanding quick data transfer abilities. For example, as per 5G Americas, a trade organization in the U.S representing prominent telecom companies and services, there was a 76% surge in global 5G wireless network connections from the end of 2021 to the end of 2022, culminating at 1.05 billion. Hence, the growing implementation of 5G technology is a crucial driver for the cloud-based data management services market.
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What Trends Will Shape the Cloud Based Data Management Services Market Through 2029 and Beyond?
Top firms in the field of cloud-based data management services are forming strategic alliances as an approach to swiftly enhance their databases with the increasing AI workloads. These collaborations are fundamental in providing comprehensive start-to-finish data management solutions for businesses. For illustration, IBM, an American tech firm collaborated with Amazon Web Services, another US-based cloud computing enterprise in November 2023 for Db2, an entirely cloud-controlled offering devised to aid database clients in handling data for artificial intelligence (AI) workloads in mixed cloud settings. Amazon RDS for Db2 seamlessly integrates with other AWS AI services to allow clients to utilize AI-powered insights and analytics in their database.
What Are the Main Segments in the Cloud Based Data Management Services Market?
The cloud based data management servicesmarket 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, Healare, 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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Which Top Companies are Driving Growth 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, plc, TIBCO Software Inc., Cloudera Inc., Experian plc, Alibaba Group, Neo4j Inc., OrientDB Inc., ArangoDB GmbH, Cockroach Labs, ScaleBase Inc., Clustrix
Which Regions Will Dominate the Cloud Based Data Management Services Market Through 2029?
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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