PUBLISHER: Grand View Research | PRODUCT CODE: 1701541
PUBLISHER: Grand View Research | PRODUCT CODE: 1701541
The global cloud-based data management services market size was estimated at USD 43.83 billion in 2024 and is anticipated to grow at a CAGR of 26.8% from 2025 to 2030. The growth of the market is driven by the increasing volume of data generated across industries, promoting businesses to adopt scalable and efficient data storage, processing, and security function. As organizations shift from traditional on-premises infrastructure to cloud environments, the demand for data management services that ensure seamless data integration, governance, and analytics continues to rise. Companies are leveraging cloud function to enhance operational efficiency, reduce IT costs, and support data-driven decision-making, further fueling market expansion.
The increasing adoption of cloud computing services across industries is a major factor driving the expansion of the cloud-based data management services industry. Organizations are rapidly shifting from traditional on-premises infrastructure to cloud-based function to improve scalability, flexibility, and cost efficiency. Cloud platforms enable businesses to store, manage, and process vast amounts of structured and unstructured data without requiring extensive in-house IT infrastructure. As enterprises undergo digital transformation, cloud adoption has become a strategic priority, accelerating the demand for data management services that facilitate seamless data integration, security, and real-time access.
One of the primary reasons behind this shift is the cost-effectiveness and operational efficiency offered by cloud services. Companies can significantly reduce capital expenditure (CapEx) by eliminating the need for physical servers and hardware while benefiting from a pay-as-you-go pricing model. Cloud-based data management function also enable businesses to scale storage and computing resources based on demand, allowing for more agile data operations. This cost optimization has encouraged enterprises of all sizes, including startups and SMEs, to transition to cloud-based data ecosystems, further fueling market growth.
In addition, the growing reliance on cloud-native applications, artificial intelligence (AI), and big data analytics has further augmented the demand for cloud-based data management services. As businesses generate vast volumes of data, they require cloud-driven function to efficiently process and analyze real-time information for better decision-making. According to Broadcom's The State of Cloud Native Application Platforms 2024 report, most organizations utilize more than one cloud-native application platform. Nearly 72% manage multiple platforms to accommodate different application types and deployment approaches, while around 46% operate three or more such platforms.
Global Cloud-based Data Management Services Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the cloud-based data management services market report based on function, deployment, enterprise size, end-use, and region: