PUBLISHER: The Business Research Company | PRODUCT CODE: 1666497
PUBLISHER: The Business Research Company | PRODUCT CODE: 1666497
Cloud data management services involve the practice of storing a company's data at an offsite data center using cloud data management platforms, tools, policies, and procedures. These services are essential for effectively managing data across various cloud platforms.
The primary categories of cloud-based data management services include integration services, data security, and backup services quality-as-a-service. Integration Services encompass specialized applications that provide a control flow for tasks related to data flow, such as renaming and downloading files, creating and dropping tables, performing backups, and rebuilding indexes. Service models include software-as-a-service, platform-as-a-service, and infrastructure-as-a-service, while deployment models encompass public cloud, private cloud, and others. These services find applications across diverse industries, including banking, financial services and insurance (BFSI), manufacturing, healthcare, information technology (IT) and telecommunications, retail, and more.
The cloud-based data management services market research report is one of a series of new reports from The Business Research Company that provides cloud-based data management services market statistics, including cloud-based data management services industry global market size, regional shares, competitors with a cloud-based data management services market share, detailed cloud-based data management services market segments, market trends, and opportunities, and any further data you may need to thrive in the cloud-based data management services industry. This cloud-based data management services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The cloud based data management services market size has grown exponentially in recent years. It will grow from$53.1 billion in 2024 to $69.1 billion in 2025 at a compound annual growth rate (CAGR) of 30.1%. The growth in the historic period can be attributed to data explosion and growth, cost efficiency and scalability, globalization of businesses, rise in remote work, focus on data security and compliance
The cloud based data management services market size is expected to see exponential growth in the next few years. It will grow to $218.28 billion in 2029 at a compound annual growth rate (CAGR) of 33.3%. The growth in the forecast period can be attributed to hybrid and multi-cloud adoption, edge computing integration, focus on data governance and quality, increased demand for real-time analytics, rapid growth in IoT data. Major trends in the forecast period include digital transformation initiatives, technological advancements in cloud services, edge computing integration, data security and privacy focus, multi-cloud management solutions.
The growth of the cloud-based data management services market is anticipated to be fueled by the increasing deployment of 5G technology. 5G, denoting the latest generation of mobile communication networks, has surpassed its predecessors, offering faster and continuous application delivery. This technological advancement encourages businesses to adopt services requiring rapid data transfer capabilities. As reported by 5G Americas in April 2023, global 5G wireless network connections surged by 76% from the end of 2021 to the end of 2022, reaching a total of 1.05 billion. The expanding deployment of 5G is identified as a key driver propelling the cloud-based data management services market.
The increasing demand for cloud services in the workplace is anticipated to drive the growth of the cloud-based data management services market in the future. Cloud services refer to application and infrastructure resources hosted by third-party providers and accessible to users via the internet, allowing businesses to utilize computing resources without the need to purchase or maintain hardware and software. These services are employed in workplaces for data management, enhanced flexibility, improved collaboration, and more. Consequently, the growing demand for cloud services in professional environments is fueling the expansion of the cloud-based data management services market. For example, a report from Google Cloud, a US-based cloud computing provider, revealed that the adoption of multiple public clouds rose by 26% in 2022, up from 21% in 2021. Additionally, hybrid cloud usage increased significantly, climbing from 25% in 2021 to 42.5% in 2022. Therefore, the rising demand for cloud services in the workplace is driving growth in the cloud-based data management services market.
Major players in the cloud-based data management services sector are strategically forming partnerships to rapidly scale their databases, particularly to accommodate the growing demands of AI workloads. This approach ensures their capability to handle substantial volumes of data generated by AI applications. A notable collaboration occurred in November 2023 when IBM, a prominent US-based technology corporation, joined forces with Amazon Web Services, a leading US-based cloud computing company. This partnership aimed to enhance Db2, a fully managed cloud offering, simplifying database management for AI workloads across hybrid cloud environments. The integration of Amazon RDS for Db2 with other AWS AI services enables customers to leverage AI-driven insights and analytics seamlessly.
Innovation remains a key focus for major cloud-based data management services providers, with a particular emphasis on solutions enhancing visibility and access between organizations. Amazon Web Services showcased this commitment in March 2023 with the launch of Amazon DataZone. Designed as a powerful tool, it facilitates the management, sharing, and analysis of data at scale across various platforms and environments. By integrating with various AWS services, including Amazon Redshift, Amazon Athena, AWS Glue, and AWS Lake Formation, Amazon DataZone streamlines workflow processes for organizations.
In August 2024, Hewlett-Packard Enterprise (HPE), a US-based provider of cloud-based data management services, acquired Morpheus Data for an undisclosed sum. This acquisition is intended to bolster HPE's multi-cloud management capabilities, allowing organizations to more effectively orchestrate and optimize their cloud environments. Morpheus Data LLC is a US-based cloud management company that specializes in helping organizations efficiently manage multi-cloud and hybrid cloud environments.
Major companies operating in the cloud based data management services market include Actian Corporation, Cisco Systems Inc., Dell Technologies Inc., EMC Corporation, Fujitsu Ltd., Hewlett Packard Enterprise Development LP, Hitachi Data Systems Corporation, International Business Machines Corporation (IBM), Informatica LLC, NetApp Inc., SAS Institute Inc., Hewlett Packard Enterprise Company L.P., Oracle Corporation, SAP SE, Amazon Web Services Inc., Microsoft Corporation, Google LLC, Snowflake Inc., Teradata Corporation, Accenture plc, TIBCO Software Inc., Cloudera Inc., Experian plc, Alibaba Group, Neo4j Inc., OrientDB Inc., ArangoDB GmbH, Cockroach Labs, ScaleBase Inc., Clustrix
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
The countries covered in the cloud based data management services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The cloud-based data management services market includes revenues earned by companies by providing data storage and data management using cloud services such as user self-provisioning, dynamic provisioning, and advanced provisioning. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Cloud Based Data Management Services Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on cloud based data management services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for cloud based data management services ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The cloud based data management services market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.