The Europe Cloud Based Data Management Services Market would witness market growth of 29.5% CAGR during the forecast period (2022-2028).
The use of cloud data management services has many advantages. They primarily consist of a solitary platform that controls endpoints, redundantly stores data in the cloud, and offers security. Data protection ensures that one's data is readily available when needed and involves backup, disaster recovery, and availability.
An organization can keep ahead of corporate data hazards with intelligent data analysis, which offers predictive early assessment and data forensics. a hardware-free design using a single data model. Better data governance, including archiving, data sovereignty, compliance controls, and discovery enablement, is made possible by cloud data management.
As a result, data compliance and inquiry requests are made more quickly. Data gathering and analysis are now essential for businesses to meet their goals and objectives. The past ten years have seen a boom in cloud computing, so this trend will only intensify.
The British government's G-Cloud programme intends to make it easier for public sector companies in the UK to obtain common information technology services that make use of cloud computing. Due to a number of framework agreements with vendors, public sector firms can procure services through the G-Cloud without having through a full procurement procedure involving tenders or competition. Organizations in the public sector can search the "Digital Marketplace," an online marketplace, to seek services that meet the G-Cloud requirements.
The Germany market dominated the Europe Cloud Based Data Management Services Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $10,886.9 million by 2028. The UK market is anticipated to grow at a CAGR of 28.4% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 30.5% during (2022 - 2028).
Based on Service Type, the market is segmented into Integration Services, Data Security & Back-up Services and Quality-as-a-Service. Based on Service Model, the market is segmented into Software-as-a-Service, Platform-as-a-Service and Infrastructure-as-a-Service. Based on Deployment Mode, the market is segmented into Public Cloud, Private Cloud and Others. Based on Vertical, the market is segmented into BFSI, IT & Telecom, Retail & Consumer Goods, Government & Public Sector, Energy & Utilities, Manufacturing, Healthcare & Life Sciences, Education and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Cloud Based Data Management Services Market will Hit $164.5 Billion by 2028, at a CAGR of 30%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Fujitsu Limited, Cisco Systems, Inc., Dell Technologies, Inc., Hewlett Packard Enterprise Company, NetApp, Inc., Informatica, LLC, SAS Institute Inc., Actian Corporation, and Oracle Corporation.
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