Cloud-Based Data Management Services Market by Service Type (Data Security & Back-up Services, Integration Services, Quality-as-a-Service), Service Model (Infrastructure-as-a-Service, Platform-as-a-Service, Software-as-a-Service), Deployment Mode, Vertica
Description
Cloud-Based Data Management Services Market by Service Type (Data Security & Back-up Services, Integration Services, Quality-as-a-Service), Service Model (Infrastructure-as-a-Service, Platform-as-a-Service, Software-as-a-Service), Deployment Mode, Vertical - Global Forecast 2024-2030
The Cloud-Based Data Management Services Market size was estimated at USD 54.08 billion in 2023 and expected to reach USD 67.82 billion in 2024, at a CAGR 25.94% to reach USD 271.81 billion by 2030.
Cloud-based data management services (CBDMS) refer to a suite of services provided over the Internet that allows organizations to manage, store, and process their data in cloud environments. These services deliver scalable and flexible data storage solutions, ensuring data availability, integrity, and security across multiple distributed resources. These services typically encompass data warehouses, databases, analytics, and data integration tools, and they deliver them as managed services, which can be accessed on-demand and scaled according to organizational needs. The growth of this market is largely fueled by technological advancements that enhance computational and data security capabilities, while concerns about cyber threats bolster the demand for more secure solutions. The explosive increase in global data generation and stricter regulatory landscapes have also been critical in driving adoption. Challenges such as data security, compliance complexities, technical migration difficulties, and network performance issues pose significant growth impediments for the global cloud-based data management services market. However, current opportunities for market expansion revolve around AI and ML integration and utilization of hybrid and multi-cloud strategies, which collectively contribute to creating expansive data volumes needing robust management, thus propelling the future demand for the cloud-based data management services market.
Regional Insights
The cloud-based data management services market in the Americas is showing significant growth, driven by the widespread adoption of cloud technology across various industries. Major players in the United States and Canada are expanding their services to cater to the increasing demand for scalable and flexible data management solutions. The regional market also benefits from well-established infrastructure, advanced technological integration, and the presence of tech-savvy enterprises that are keen to adopt innovations. Additionally, government initiatives to support the digitization of services are providing an impetus for further market growth in the region. The EMEA region presents a diverse market landscape for cloud-based data management services, with Europe contributing majorly in terms of adoption rates. This growth is characterized by stringent data protection regulations, including General Data Protection Regulation (GDPR), which drive the need for compliant cloud solutions that are secure and reliable. The Middle East and Africa are presenting considerable growth potential, with the ongoing digital transformation initiatives and investments in IT infrastructure in major economies. The APAC region is witnessing the fastest growth in the cloud-based data management services market, attributed to the increasing acceptance of cloud technologies, the expanding eCommerce sector, and the rise of small and medium-sized enterprises (SMEs) engaged in cloud adoption. Additionally, government policies in the region favor innovation, digital transformation, and cloud computing, catalyzing market expansion.
Market Insights
- Market Dynamics
The market dynamics represent an ever-changing landscape of the Cloud-Based Data Management Services Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.- Market Drivers
- Increased demand for scalability and flexibility across businesses
- Government initiatives supporting industrial digitization worldwide
- Market Restraints
- High cost associated with cloud-based data management services
- Market Opportunities
- Continuous improvements in cloud-based data management services and integration of new technologies
- Adoption of cloud-based data management services by SMEs
- Market Challenges
- Concerns associated with data privacy and security
- Market Segmentation Analysis
- Service Type: Growing adoption for integration services to streamline business data flow across various platform
- Service Model: Rising preferences for IaaS offering higher flexibility and management control over IT resources
- Deployment Mode: Growing deployment of private clouds offering a higher degree of control and security
- Vertical: Growing adoption of cloud-based data management services in BFSI and government entities to prioritize security and compliance
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Cloud-Based Data Management Services Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Cloud-Based Data Management Services Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments- TRG Screen Announces Acquisition of Xpansion for Reference Data Usage Management
TRG Screen announced the acquisition of Xpansion, a provider of cloud-based reference data usage monitoring solutions in the financial sector. This strategic move enhances TRG Screen's position in the market by providing a comprehensive suite of services for market data optimization, encompassing spend and inventory tracking, usage management, compliance, and exchange reporting.
Dassault Aviation and Dassault Systèmes Extend Collaboration to Aircraft Maintenance, Repair and Overhaul in the Cloud
Dassault Aviation partnered with Dassault Systèmes to revolutionize aircraft maintenance, repair, and overhaul (MRO) processes through an advanced cloud solution. This collaboration is expected to enhance operational efficiency by leveraging Dassault Systèmes' cutting-edge 3DEXPERIENCE platform, which offers a comprehensive suite of tools for optimizing the lifecycle management of aircraft.
Qlik launches new cloud-based data integration platform
Qlik introduced its pioneering cloud-based data integration platform, Qlik Cloud Data Integration, revolutionizing the way data engineers streamline and utilize organizational data for informed decision-making. This innovative service combines real-time data preparation and cataloging onto a singular platform, fostering the creation of a unified data fabric that integrates data points from diverse sources.
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Cloud-Based Data Management Services Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Cloud-Based Data Management Services Market, highlighting leading vendors and their innovative profiles. These include Accenture PLC, Alibaba Cloud International by Alibaba Group Holding Limited, Amazon Web Services, Inc., Capgemini SE, Cisco Systems, Inc., Cloudera, Inc., Cloudian Inc., Cloudreach Holdings Limited by Eviden SAS, Cloudticity, L.L.C., Cognizant Technology Solutions Corporation, Cohesity, Inc., Commvault Systems, Inc., Dell Technologies Inc., DXC Technology Company, Experian PLC, Fujitsu Limited, Google LLC by Alphabet Inc., HashiCorp, Inc., HCL Technologies Limited, Hewlett Packard Enterprise Company, Huawei Technologies Co., Ltd., Informatica Inc., Infosys Limited, International Business Machines Corporation, Kyndryl Holdings, Inc., Linode LLC by Akamai Technologies, Inc., Microsoft Corporation, NetApp, Inc., NTT Corporation, Oracle Corporation, OVH Groupe S.A., QlikTech International AB, Salesforce, Inc., SAP SE, SAS Institute Inc., ServiceNow, Inc., Snowflake Inc., Tata Consultancy Services Limited, Tencent Cloud by Tencent Holdings Limited, Teradata Corporation, Tibco by Cloud Software Group, Inc., Veritis Group, Inc., Wipro Limited, and XPansion Financial Technology Services Limited.
Market Segmentation & Coverage
This research report categorizes the Cloud-Based Data Management Services Market to forecast the revenues and analyze trends in each of the following sub-markets:- Service Type
- Data Security & Back-up Services
- Integration Services
- Quality-as-a-Service
- Service Model
- Infrastructure-as-a-Service
- Platform-as-a-Service
- Software-as-a-Service
- Deployment Mode
- Private Cloud
- Public Cloud
- Vertical
- BFSI
- Education
- Energy & Utilities
- Government & Public Sector
- Healthcare & Life Sciences
- IT & Telecom
- Manufacturing
- Media & Entertainment
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year
- Americas
- Market Drivers
Table of Contents
180 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Increased demand for scalability and flexibility across businesses
- 5.1.1.2. Government initiatives supporting industrial digitization worldwide
- 5.1.2. Restraints
- 5.1.2.1. High cost associated with cloud-based data management services
- 5.1.3. Opportunities
- 5.1.3.1. Continuous improvements in cloud-based data management services and integration of new technologies
- 5.1.3.2. Adoption of cloud-based data management services by SMEs
- 5.1.4. Challenges
- 5.1.4.1. Concerns associated with data privacy and security
- 5.2. Market Segmentation Analysis
- 5.2.1. Service Type: Growing adoption for integration services to streamline business data flow across various platform
- 5.2.2. Service Model: Rising preferences for IaaS offering higher flexibility and management control over IT resources
- 5.2.3. Deployment Mode: Growing deployment of private clouds offering a higher degree of control and security
- 5.2.4. Vertical: Growing adoption of cloud-based data management services in BFSI and government entities to prioritize security and compliance
- 5.3. Market Trend Analysis
- 5.3.1. Strong presence of established tech companies in Americas and burgeoning expansion of cloud computing services
- 5.3.2. Extensive presence of SMEs adopting cloud technologies and expansion of global and regional players across APAC
- 5.3.3. Robust regulatory frameworks reinforcing the adoption of regulation-compliant cloud solutions and the exploration of several partnerships to expand product offerings in the EMEA region.
- 5.4. Cumulative Impact of High Inflation
- 5.5. Porter’s Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
- 5.6. Value Chain & Critical Path Analysis
- 5.7. Regulatory Framework Analysis
- 6. Cloud-Based Data Management Services Market, by Service Type
- 6.1. Introduction
- 6.2. Data Security & Back-up Services
- 6.3. Integration Services
- 6.4. Quality-as-a-Service
- 7. Cloud-Based Data Management Services Market, by Service Model
- 7.1. Introduction
- 7.2. Infrastructure-as-a-Service
- 7.3. Platform-as-a-Service
- 7.4. Software-as-a-Service
- 8. Cloud-Based Data Management Services Market, by Deployment Mode
- 8.1. Introduction
- 8.2. Private Cloud
- 8.3. Public Cloud
- 9. Cloud-Based Data Management Services Market, by Vertical
- 9.1. Introduction
- 9.2. BFSI
- 9.3. Education
- 9.4. Energy & Utilities
- 9.5. Government & Public Sector
- 9.6. Healthcare & Life Sciences
- 9.7. IT & Telecom
- 9.8. Manufacturing
- 9.9. Media & Entertainment
- 10. Americas Cloud-Based Data Management Services Market
- 10.1. Introduction
- 10.2. Argentina
- 10.3. Brazil
- 10.4. Canada
- 10.5. Mexico
- 10.6. United States
- 11. Asia-Pacific Cloud-Based Data Management Services Market
- 11.1. Introduction
- 11.2. Australia
- 11.3. China
- 11.4. India
- 11.5. Indonesia
- 11.6. Japan
- 11.7. Malaysia
- 11.8. Philippines
- 11.9. Singapore
- 11.10. South Korea
- 11.11. Taiwan
- 11.12. Thailand
- 11.13. Vietnam
- 12. Europe, Middle East & Africa Cloud-Based Data Management Services Market
- 12.1. Introduction
- 12.2. Denmark
- 12.3. Egypt
- 12.4. Finland
- 12.5. France
- 12.6. Germany
- 12.7. Israel
- 12.8. Italy
- 12.9. Netherlands
- 12.10. Nigeria
- 12.11. Norway
- 12.12. Poland
- 12.13. Qatar
- 12.14. Russia
- 12.15. Saudi Arabia
- 12.16. South Africa
- 12.17. Spain
- 12.18. Sweden
- 12.19. Switzerland
- 12.20. Turkey
- 12.21. United Arab Emirates
- 12.22. United Kingdom
- 13. Competitive Landscape
- 13.1. Market Share Analysis, 2023
- 13.2. FPNV Positioning Matrix, 2023
- 13.3. Competitive Scenario Analysis
- 13.3.1. TRG Screen Announces Acquisition of Xpansion for Reference Data Usage Management
- 13.3.2. Dassault Aviation and Dassault Systèmes Extend Collaboration to Aircraft Maintenance, Repair and Overhaul in the Cloud
- 13.3.3. Qlik launches new cloud-based data integration platform
- 13.3.4. MongoDB Launches Advanced Data Management Capabilities to Run Applications Anywhere
- 13.3.5. Microsoft and Oracle expand partnership to deliver Oracle Database Services on Oracle Cloud Infrastructure in Microsoft Azure
- 13.3.6. Cohesity partners with Cisco and HPE to expand cloud services
- 13.3.7. Informatica Announces Intent to Acquire Privitar to Bolster Cloud Data Access Management and Governance Capabilities
- 13.3.8. Capgemini and Google Cloud Expand Long-Standing Partnership to Create First-Of-Its-Kind Generative AI Center of Excellence to Accelerate Client Value
- 13.3.9. AWS to Invest INR 1.05 Trillion to Boost Cloud Infrastructure in India
- 13.3.10. IBM to Help Automate Cloud Data Protection with Acquisition of Polar Security
- 13.3.11. DXC Technology Announces New Solution to Optimize Hybrid Cloud
- 13.3.12. Fujitsu Launches new Cloud-based Platform for Healthcare Sector in Japan, Promoting Personalized Healthcare and Drug Development
- 14. Competitive Portfolio
- 14.1. Key Company Profiles
- 14.2. Key Product Portfolio
Pricing
Currency Rates
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