The cloud-based data management services market size is projected to grow from $40.2 billion in 2023 to $141.7 billion by 2028, at a CAGR of 28.7% during the forecast period.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=227142592

Key Growth Drivers

The cloud-based data management services market is thriving due to its ability to simplify operations, enhance data security, and facilitate remote accessibility, all while eliminating the need for significant upfront investments in hardware and infrastructure. The ease of accessing data from anywhere with an internet connection is particularly crucial in today's global and increasingly remote work environments. This accessibility also promotes collaboration among team members, allowing concurrent access to and work on the same datasets.

Service Type: Integration Services Lead

Within the cloud-based data management services market, the integration services segment is expected to hold a larger market share during the forecast period. These services include migration, master data management, data synchronization, and data virtualization. Data integration services are essential for businesses to collect, transform, and load data from various sources into a unified repository. This process supports informed decision-making by enabling cohesive analytics and improving operational efficiency. Companies like Informatica, Talend, and SnapLogic are key players providing robust integration solutions, helping businesses gain a competitive edge through a unified view of their data assets.

Service Model: PaaS Segment Growth

The PaaS segment holds the second-largest market share within the cloud-based data management services market. Platform as a Service (PaaS) has seen substantial growth as organizations seek streamlined solutions for application development, deployment, and data processing. Major cloud providers such as Microsoft Azure, Google Cloud Platform, and Salesforce have driven this growth, with PaaS offerings providing essential tools for database management, data analytics, and application development. The ease of integration and automation in PaaS solutions supports organizations in focusing on innovation over infrastructure, marking PaaS as a crucial component in the future of cloud-based data management services.

Regional Insights: Asia Pacific Leading Growth

The Asia Pacific (APAC) region is projected to experience the highest CAGR in the cloud-based data management services market during the forecast period. This growth is fueled by the region's dynamic economic landscape and accelerating digital transformation. Countries like Singapore, South Korea, and Australia rank high in global digital competitiveness, reflecting their commitment to leveraging technology for economic growth. The COVID-19 pandemic has further spurred cloud service adoption in the region as businesses seek scalable and cost-effective solutions to support remote work and digital collaboration. Companies like Alibaba Cloud are expanding their presence, making significant contributions to the region's cloud services market.

Get More Info: https://www.prnewswire.com/news-releases/service-integration-and-management-market-worth-6-0-billion-by-2028---exclusive-report-by-marketsandmarkets-302000417.html

Key Market Players

Some of the major players in the cloud-based data management services market include IBM (US), Fujitsu (Japan), Cisco (US), Dell Technologies (US), HPE (US), NetApp (US), Informatica (US), SAS (US), Actian (US), and Oracle (US).

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Visit Our Website: https://www.marketsandmarkets.com/