Cloud Based Data Management Services Market Analysis: Key Insights on Growth Rates, Trends, and Major Opportunities
Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
What CAGR Will the Cloud Based Data Management Services Market Achieve During 2025–2034, and What Does It Indicate?
The market for cloud-based data management services has undergone substantial growth in recent years. The market is projected to expand from $53.1 billion in 2024 to $69.1 billion in 2025, indicating a compound annual growth rate (CAGR) of 30.1%. The impressive growth during the historical period can be ascribed to several factors, including the surge in data generation and growth, cost effectiveness and scalability, the global expansion of businesses, the surge in remote work, and an emphasis on securing data and ensuring compliance.
The market size for cloud-based data management services is projected to witness a surge in its growth trajectory in the upcoming years. The market valuation is expected to reach “$218.28 billion by 2029, growing at a compound annual growth rate (CAGR) of 33.3%. The predicted growth during the forecast period can be associated with the adoption of hybrid and multi-cloud, integration of edge computing, emphasis on data governance and quality, a rising demand for real-time analytics, and the swift expansion of IoT data. Important trends during the prediction period encompass initiatives related to digital transformation, advancements in cloud service technology, integration of edge computing, focus on data security and privacy, and solutions for multi-cloud management.
Which Macro and Microeconomic Factors Are Accelerating the Growth of the cloud based data management services Market?
The rise in the implementation of 5G technology is predicted to stimulate the advancement of the market for cloud-based data management services. 5G is the most recent installment in mobile communication networks, succeeding previous iterations such as 4G (LTE) and 3G. Through its ability to promote rapid, consistent application delivery, 5G technology pushes businesses towards services needing speedier data transfer abilities. For example, in April 2023, as per 5G Americas which is a US-based trade association representing significant telecommunication companies and services, worldwide 5G wireless network connections saw a 76% increase from the culmination of 2021 to the conclusion of 2022, hitting 1.05 billion. As a result, the escalating implementation of 5G technology is fueling the market for cloud-based data management services.
Request Your Free Cloud Based Data Management Services Market Report Sample Now!
https://www.thebusinessresearchcompany.com/sample.aspx?id=10208&type=smp
Who Are the Key Firms Paving the Way for Growth in the Cloud Based Data Management Services Market?
Major companies operating in the cloud based data management services market include:
• Actian Corporation_x000D_
• Cisco Systems Inc._x000D_
• Dell Technologies Inc._x000D_
• EMC Corporation_x000D_
• Fujitsu Ltd._x000D_
What Are the Most Influential Trends Currently Shaping the Cloud Based Data Management Services Market?
Major corporations in the cloud-based data management space are cultivating strategic alliances to rapidly expand their databases in response to increasing AI workloads. This ensures their capacity to process vast data volumes produced by AI applications. These partnerships are integral to providing comprehensive end-to-end data management solutions for enterprise clients. For example, in November 2023, IBM, an American tech firm, teamed up with Amazon Web Services, an American cloud computing firm, to create Db2, a fully managed cloud service aimed at simplifying database management for AI workloads in hybrid cloud setups. Amazon RDS for Db2 is engineered to flawlessly integrate with other AWS AI services, hence enabling clients to harness AI-powered insights and analytics in their database.
Pre-order Your Report for Quick and Easy Delivery!
How Are Market Segments in the Cloud Based Data Management Services Industry Positioned for Long-Term Growth?
The cloud based data management services market covered in this report is segmented –
1) By Service Type: Integration Services, Data Security and Back-up Services Quality-as-a-Service
2) By Service Model: Software-As-A-Service, Platform-As-A-Service, Infrastructure-As-A-Service
3) By Deployment model: Public Cloud, Private Cloud, Other deployment modes
4) By End-User: Banking, Financial Services and Insurance (BFSI), Manufacturing, Healthcare, Information Technology (IT) And Telecommunication, Retail, Other End-User
Subsegments:
1) By Integration Services: Data Migration, API Management, Cloud Integration Platforms, Application Integration, Middleware Solutions
2) By Data Security And Back-Up Services: Data Encryption, Backup And Recovery Solutions, Disaster Recovery As A Service (DRaaS), Access Control Management, Threat Detection And Response
3) By Quality-As-A-Service: Data Quality Assessment, Data Cleansing, Data Profiling, Data Enrichment, Continuous Data Quality Monitoring
Which Regions Are Essential for the Growth of the Cloud Based Data Management Services Market?
North America was the largest region in the cloud-based data management services market in 2024. The regions covered in the cloud based data management services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
How Is the Scope and Reach of the Cloud Based Data Management Services Market Defined?
Cloud data management services refer to offering the practice of storing a company’s data at an offsite data center using cloud data management platforms, tools, policies, and procedures. It is used to manage data across cloud platforms.
Browse Through More Similar Reports By The Business Research Company:
Data Governance Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/data-governance-global-market-report
Data Center Services Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/data-center-services-global-market-report
Data Center Accelerator Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/data-center-accelerator-global-market-report
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:
