Global Data Management as a Service Market was valued at USD xx Mn in 2019 and is expected to reach at USD xx Mn by 2027 at a CAGR of 10% over the forecast period 2020-2027.
The report covers an in-depth analysis of COVID-19 pandemic impact on Global Data Management as a Service Market by region and on the key players revenue affected till July 2020 and expected short term and long-term impact on the market.
Data management as a service is a type of cloud service which provides centralised storage for disparate data sources for businesses. In the recent market, digital data is rising exponentially. The proliferation of the Internet of Things (IoT) is producing an exponential amount of digital content.
In the last couple of years, the data universe has seen this tremendous development. In reality, in the last two years, over 80 to 90 % of the digital data present in the current market has been generated. With the growth in data, the number of data breaches has increased. For example, in 2013-14, Yahoo Company suffered a data breach, resulting in the loss of 3 billion user account databases. In its 2016 data infringement episode, Friend Finder Networks Inc., an American internet corporation, lost the database of its 412.2 million users. Likewise, data theft was observed by eBay, Equifax, and Heartland Payment Systems. Thus, data storage and data processes are secured by the growth in data requirements, which in turn creates demand for data management suppliers in the end-use industry. Over the years, the growing trend of cloud adoption is expected to drive data management as a service market globally.
However, factors obstructing data management as a service market in international as well as domestic markets are somewhere limiting the full data protection assurance and abuse of collected data. Also, security and reliability problems such as cyber-attacks are expected to slow down the adoption of data management as a service, thereby reducing the market's CAGR growth globally. As a service provider worldwide, and especially in the APAC market, the growing number of companies and their migration from one premise to the cloud creates lucrative market opportunities for data management.
By component, the solution segment is expected to account for the largest XX% market share by 2027 thanks to the adoption of growing solutions among the organizations to fulfil the regulatory compliance.
Based on the service model, Software as a Service (SaaS) segment is expected to grow at the highest CAGR of XX.XX% and is expected to reach a value of US$ XX Mn. by 2027. This is owing to the quality control & inspection service model which leads the production to run smooth’s and without incurring any extra cost.
In terms of industry vertical, the manufacturing segment held the highest market XX% share in 2019 because of increasing metrology requirements in vertical manufacturing, especially in the aerospace and automotive sectors.
Region-wise, North America held the highest market share of xx% in 2019 and is expected to keep its dominance over the forecast period owing to the presence of major IT and software market players in this region. The U.S. is expected to hold the largest XX% share in data management as a service market owing to high-level expertise in the cloud deployment of data management services.
Report covers in-depth analysis of key development, marketing strategies, supply-side and demand side indicators and company profiles of market leaders, potential players, and new entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as merger & acquisitions, joint ventures, collaborations, expansion, new product launches and patents to increase their regional presence and business operations.
The objective of the report is to present a comprehensive analysis of the Global Data Management as a Service Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Data Management as a Service Market dynamics, structure by analysing the market segments and project Global Data Management as a Service Market Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Data Management as a Service Market the report investor’s guide.
Scope of Global Data Management as a Service Market
Global Data Management as a Service Market Segmentation by Component
Global Data Management as a Service Market Segmentation by Service Model
● Software as a Service (SaaS)
● Infrastructure as a Service (IaaS)
● Platform as a Service (PaaS)
Global Data Management as a Service Market Segmentation by Industry Vertical
● Banking Financial Industry Vertical and Insurance
● Healthcare and Life Sciences
● IT and Telecommunication
● Energy and Utilities
● Government & Defence
Global Data Management as a Service Market Segmentation by Deployment
Global Data Management as a Service Market Segmentation by Region
● North America
● ME & Africa
● South Africa
Global Data Management as a Service Market Major Players
● Siemens AG
● Frontier Technology Limited
● Deloitte Touche Tohmatsu Limited
● Hewlett Packard Enterprise Development LP
● Happiest Minds
● Hitachi Data System
● EMC Corporation
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