Global Cloud Based Data Management Services Market Size, Share, Growth 2032

Global Cloud Based Data Management Services Market Insights

Zion Market Research has published a report on the global Global Cloud Based Data Management Services Market, estimating its value at USD 39.64 Billion in 2023, with projections indicating that it will reach USD 383.74 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 28.69% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Global Cloud Based Data Management Services Market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

Request Free Sample

Global Cloud Based Data Management Services Market: Overview

Cloud based data management refers to storing the company’s data on an off-site server typically managed by a vendor or third party which specializes in cloud services. Storing data on cloud services provides an automated backup option, easily accessible from any location and professional support. It is often considered to be safer and secure than the on-location data storage facilities. It also provides the option of scalability which is the users can scale it up or down depending upon the demand and requirement. Cloud based data management services are automatically updated as and when required by the vendor so the clients or users don't have to pause on their on-going work.

COVID-19 Impact Analysis

The COVID-19 pandemic forced many sectors to operate in a work from home culture, the requirement for remote facility providers escalated. Cloud based data management services bring the facility of remote access which is accessible from any premise or location. Thus, these services saw an upsurge in demand. Requirement of collaboration and digital productivity tools such as Microsoft and Zoom also saw uptick in usage due to the pandemic which also runs on cloud based data management infrastructure.

Global Cloud Based Data Management Services Market: Growth Factors

Industries are using cloud based data management services in order to provide resilient and disaster averse business models across the world. As the pandemic continues the need for a lesser number of onsite staff is emphasized and focussed upon. Along with this several macroeconomic factors and internal market forces will shape up the growth of cloud based data management services.

Global Cloud Based Data Management Services Market: Report Scope

Cloud Based Data Management Services Market: Regional Analysis Preview

North America houses some of the biggest and leading IT companies in the world. The adoption rate of cloud based data management services is very high in the region. This large market is a result of a number of government initiatives, high speed internet services available in the market, and major organizations moving to cloud based data management services to improve information facilities. However, the market is currently in the maturity state. Thus, a little growth is expected over the coming years.

Request Free Sample

Asia pacific is expected to be a fastest growing region for the cloud based data management services market. It is supported by digital transformations which is evident in countries like China where companies are focussing on reducing security risks and optimizing operations for the end users by keeping up with the latest technologies.

Cloud Based Data Management Services Market: Key Players & Competitive Landscape

Some of the key players in the global cloud based data management services market are

• IBM
• HP
• NetApp
• SAS
• Informatica Cloud
• Actian Corporation
• Cisco Systems Inc
• Dell Technologies
• Fujitsu Ltd

The global cloud based data management services market is segmented as follows:

 By Model

• Software-as-a-Service (SAAS)
• Platform-as-a-Service (PAAS)
• Infrastructure-as-a-Service (IAAS)

 By Application

•  Public Cloud
•  Private Cloud
•  Others

 By End Use

• BFSI
• Telecommunications and IT
• Retail
• Public Sector
• Others

 By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa