The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The rise in hybrid solutions is likely to stimulate innovation in the manufacture of cloud-based data management services, propelling the market over the forecast period.

The global cloud based data management services market is expected to grow from $31.33 billion in 2022 to $41.19 billion in 2023 at a compound annual growth rate (CAGR) of 31.5%. The global cloud-based data management services market size is expected to reach $121.92 billion in 2027 at a CAGR of 31.2%.

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Global Cloud Based Data Management Services Market Segments Include:

• By Service Type: Integration Services, Data Security and Back-up Services Quality-as-a-Service
• By Service Model: Software-As-A-Service, Platform-As-A-Service, Infrastructure-As-A-Service
• By Deployment model: Public Cloud, Private Cloud, Other deployment modes
• By End-User: Banking, Financial Services and Insurance (BFSI), Manufacturing, Healthcare, Information Technology (IT) And Telecommunication, Retail, Other End-User
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global cloud based data management services market in 2021.

Major Market Players in the cloud based data management services market include Actian Corporation, Cisco Systems Inc., Dell Technologies, EMC Corporation, Fujitsu Ltd., Hewlett Packard Enterprise Development LP, Hitachi Data Systems Corporation.

Technological developments are a crucial trend that is gaining traction in the market for cloud-based data management services. To strengthen their market position, major players in the cloud-based data management services market are implementing cutting-edge technology. Actian, a hybrid cloud software business based in the United States, for example, will introduce Avalanche, a real-time connected data warehouse solution, in April 2020. This hybrid solution is the first cloud data warehouse to provide complete integration capabilities, allowing organisations to control and use their different data sources both in the cloud and on-premises for low-cost, high-performance analytics.

The Cloud Based Data Management Services Global Market Report 2023  provides a cloud based data management services market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The cloud based data management services market forecast analyzes cloud based data management services market size, cloud based data management services market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The practise of storing a company’s data at an offsite data centre using cloud data management platforms, tools, policies, and procedures is referred to as cloud data management services. It is employed in the management of data across cloud platforms.

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