The Latin America, Middle East and Africa Cloud Based Data Management Services Market would witness market growth of 34.3% CAGR during the forecast period (2022-2028).
Security is one of the main issues with switching to a cloud-based data management solution. This year, businesses will keep investing and searching for improved IT security solutions. Around 82% of the companies cited security as the primary reason for their IT expenditures, while 62% emphasized cloud computing.
Cloud management becomes a crucial component of excellent service delivery for a corporation. A firm should have a defined cloud strategy and roadmap for smooth customer support and ongoing product or service improvement for the customer's benefit. The best path to cloud management maturity is to follow standards and processes from design and deployment to maintenance and management.
Governments in countries like Brazil and Israel have increased their investments in cutting-edge technologies like big data, cloud computing, artificial intelligence (AI), machine learning (ML), 5G, and others, that is considered to be the reason for the increase. Saudi Arabia is lagging behind other wealthy nations in its use of big data technology in education. The educational system in Saudi Arabia is constantly changing, and the government is also placing policies and programs in place to support teachers in providing high-quality instruction.
The Brazil market dominated the LAMEA 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 $3,024.3 million by 2028. The Argentina market is experiencing a CAGR of 35% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 33.9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Cloud Based Data Management Services Market is Predict to reach $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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