Published Date: 20-Jan-2023
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According to a new report, published by KBV research, The Global Cloud Based Data Management Services Market size is expected to reach $164.5 billion by 2028, rising at a market growth of 30.0% CAGR during the forecast period.
The Integration Services segment acquired maximum revenue share in the Global Cloud Based Data Management Services Market by Service Type in 2021 thereby, achieving a market value of $79.9 billion by 2028. Integration, migration, data synchronization, master data management, data sharing, and data virtualization are the integration services considered for the study. The terms cloud data integration, cloud system integration, iPaaS, and cloud-based integration can all refer to data integration services. To eliminate data silos, increase connectivity and visibility, and enhance corporate operations, cloud data integration services were developed.
The Infrastructure-as-a-Service segment is showcasing a CAGR of 31.2% during (2022 - 2028). IaaS stands for general-purpose computing resources and can therefore accommodate all use cases. It is primarily used for backup and recovery, especially for on-premises workloads, customer-facing websites, data storage and online applications, development and testing environments, and analytics and data warehousing workloads. The deployment and operation of typical corporate software and applications are also well-suited for IaaS.
The Public Cloud segment is leading the Global Cloud Based Data Management Services Market by Deployment Mode in 2021 thereby, achieving a market value of $89.6 billion by 2028. Similar to the private sector, government organizations could gain from cloud-based hosting options for enterprise resource planning (ERP) systems like Oracle E-Business Suite. These facilities include procurement, core finance, and HR systems that support work-from-home grants. As a result, the public sector would see an increase in demand for cloud-based data management services.
The IT & Telecom segment has shown the growth rate of 28.8% during (2022 - 2028). Since telecom companies own the networks that provide cloud-based apps, they are uniquely positioned to take a significant role in the emerging market and offer value-added services to resurrect revenue streams. Additionally, as the telecom sector develops, more people will use cloud-based data management services in this market.
The North America market dominated the Global Cloud Based Data Management Services Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $60.1 billion by 2028. The Europe market is exhibiting a CAGR of 29.5% during (2022 - 2028). Additionally, The Asia Pacific market would display a CAGR of 30.6% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Service Type
By Service Model
By Deployment Mode
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