The global cloud based data management services market accounted for USD 16.7 Billion in 2020 and is expected to reach USD 146.1 Billion by 2028, growing at a CAGR of 31.2% from 2021 to 2028.
The Global Cloud Based Data Management Services Market accounted for USD 16.7 Billion in 2020 and is expected to reach USD 146.1 Billion by 2028, growing at a CAGR of 31.2% from 2021 to 2028.
Cloud based data management refers to storing the company’s data on an off-site server typically managed by a vendor or third party which specializes in cloud services. Storing data on cloud services provides an automated backup option, easily accessible from any location and professional support. It is often considered to be safer and secure than the on-location data storage facilities. It also provides the option of scalability which is the users can scale it up or down depending upon the demand and requirement. Cloud based data management services are automatically updated as and when required by the vendor so the clients or users don't have to pause on their on-going work.
The COVID-19 pandemic forced many sectors to operate in a work from home culture, the requirement for remote facility providers escalated. Cloud based data management services bring the facility of remote access which is accessible from any premise or location. Thus, these services saw an upsurge in demand. Requirement of collaboration and digital productivity tools such as Microsoft and Zoom also saw uptick in usage due to the pandemic which also runs on cloud based data management infrastructure.
Industries are using cloud based data management services in order to provide resilient and disaster averse business models across the world. As the pandemic continues the need for a lesser number of onsite staff is emphasized and focussed upon. Along with this several macroeconomic factors and internal market forces will shape up the growth of cloud based data management services.
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
The BFSI segment is projected to grow at a CAGR of around 28% from 2021 to 2028. The finance sector leverages the benefit that cloud based data management brings along with itself, which is the low cost of maintenance of servers and extremely powerful security system. Even the healthcare sector has been a major user of the services as it is slowly beginning to utilize the cloud in order to store client data.
North America region held a share of over 28% in 2020. North America houses some of the biggest and leading IT companies in the world. The adoption rate of cloud based data management services is very high in the region. This large market is a result of a number of government initiatives, high speed internet services available in the market, and major organizations moving to cloud based data management services to improve information facilities. However, the market is currently in the maturity state. Thus, a little growth is expected over the coming years.
Asia Pacific region is projected to grow at a CAGR of over 30% during the forecast period. Asia pacific is expected to be a fastest growing region for the cloud based data management services market. It is supported by digital transformations which is evident in countries like China where companies are focussing on reducing security risks and optimizing operations for the end users by keeping up with the latest technologies.
Some of the key players in the global cloud based data management services market are IBM, HP, NetApp, SAS, Informatica Cloud, Actian Corporation, Cisco Systems Inc., Dell Technologies, and Fujitsu Ltd., among others.
These companies adopt various strategies in order to boost their capitalization. For instance, Informatica Intelligent Cloud Services which is a next generation iPaaS, is made up of a growing number of data management products. The productivity of the environment is accelerated by a common user experience across all products, the AI/ML-driven intelligence of the CLAIR engine, and microservices architecture.
The global cloud based data management services market is segmented as follows:
List of Figures
FIG NO. 1. Market Attractiveness Analysis, By Model
FIG NO. 2. Market Attractiveness Analysis, By Application
FIG NO. 3. Market Attractiveness Analysis, By End Use
FIG NO. 4. Market Attractiveness Analysis, By Region
FIG NO. 5. Global Cloud Based Data Management Services Market Revenue, 2016 – 2020 (USD Million)
FIG NO. 6. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 7. Market Revenue Share, By Model, 2020 & 2028
FIG NO. 8. Global Cloud Based Data Management Services Market for Software-as-a-Service (SAAS), Revenue (USD Million) 2016 – 2020
FIG NO. 9. Comparative Revenue Analysis of Cloud Based Data Management Services Market for Software-as-a-Service (SAAS), By Country, 2020 & 2028
FIG NO. 10. Global Cloud Based Data Management Services Market for Platform-as-a-Service (PAAS), Revenue (USD Million) 2016 – 2020
FIG NO. 11. Comparative Revenue Analysis of Cloud Based Data Management Services Market for Platform-as-a-Service (PAAS), By Country, 2020 & 2028
FIG NO. 12. Global Cloud Based Data Management Services Market for Infrastructure-as-a-Service (IAAS), Revenue (USD Million) 2016 – 2020
FIG NO. 13. Comparative Revenue Analysis of Cloud Based Data Management Services Market for Infrastructure-as-a-Service (IAAS), By Country, 2020 & 2028
FIG NO. 14. Market Revenue Share, By Application, 2020 & 2028
FIG NO. 15. Global Cloud Based Data Management Services Market for Public cloud, Revenue (USD Million) 2016 – 2020
FIG NO. 16. Comparative Revenue Analysis of Cloud Based Data Management Services Market for Public cloud, By Country, 2020 & 2028
FIG NO. 17. Global Cloud Based Data Management Services Market for Private cloud, Revenue (USD Million) 2016 – 2020
FIG NO. 18. Comparative Revenue Analysis of Cloud Based Data Management Services Market for Private cloud, By Country, 2020 & 2028
FIG NO. 19. Global Cloud Based Data Management Services Market for Others, Revenue (USD Million) 2016 – 2020
FIG NO. 20. Comparative Revenue Analysis of Cloud Based Data Management Services Market for Others, By Country, 2020 & 2028
FIG NO. 21. Market Revenue Share, By End Use, 2020 & 2028
FIG NO. 22. Global Cloud Based Data Management Services Market for Banking, financial services and Insurance (BFSI), Revenue (USD Million) 2016 – 2020
FIG NO. 23. Comparative Revenue Analysis of Cloud Based Data Management Services Market for Banking, financial services and Insurance (BFSI), By Country, 2020 & 2028
FIG NO. 24. Global Cloud Based Data Management Services Market for Telecommunications and IT, Revenue (USD Million) 2016 – 2020
FIG NO. 25. Comparative Revenue Analysis of Cloud Based Data Management Services Market for Telecommunications and IT, By Country, 2020 & 2028
FIG NO. 26. Global Cloud Based Data Management Services Market for Retail, Revenue (USD Million) 2016 – 2020
FIG NO. 27. Comparative Revenue Analysis of Cloud Based Data Management Services Market for Retail, By Country, 2020 & 2028
FIG NO. 28. Global Cloud Based Data Management Services Market for Public Sector, Revenue (USD Million) 2016 – 2020
FIG NO. 29. Comparative Revenue Analysis of Cloud Based Data Management Services Market for Public Sector, By Country, 2020 & 2028
FIG NO. 30. Global Cloud Based Data Management Services Market for Others, Revenue (USD Million) 2016 – 2020
FIG NO. 31. Comparative Revenue Analysis of Cloud Based Data Management Services Market for Others, By Country, 2020 & 2028
FIG NO. 32. Global Cloud Based Data Management Services Market Revenue Share, By Region, 2020 & 2028
FIG NO. 33. North America Cloud Based Data Management Services Market Revenue, 2016 - 2020 (USD Million)
FIG NO. 34. Porter’s Five Forces Analysis for Global Cloud Based Data Management Services Market
FIG NO. 35. PEST Analysis for Global Cloud Based Data Management Services Market
FIG NO. 36. Pricing Analysis for Global Cloud Based Data Management Services Market
FIG NO. 37. Value Chain Analysis for Global Cloud Based Data Management Services Market
FIG NO. 38. Company Share Analysis, 2019
FIG NO. 39. Radar Determinant Chart, 2019
FIG NO. 40. Company Strategic Developments – Heat Map Analysis
FIG NO. 41. IBM Business Segment Revenue Share, 2020 (%)
FIG NO. 42. IBM Geographical Segment Revenue Share, 2020 (%)
FIG NO. 43. Market Channels
FIG NO. 44. Marketing Channel Development Trend
FIG NO. 45. Growth in World Gross Product, 2008-2018
FIG NO. 46. Research Methodology – Detailed View
FIG NO. 47. Research Methodology
List of Tables
TABLE NO. 1. Global Cloud Based Data Management Services Market: Snapshot
TABLE NO. 2. Quarterly Cloud Based Data Management Services Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Cloud Based Data Management Services Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
TABLE NO. 6. Global Cloud Based Data Management Services Market for Software-as-a-Service (SAAS), by Region, 2016 – 2020 (USD Million)
TABLE NO. 7. Global Cloud Based Data Management Services Market for Platform-as-a-Service (PAAS), by Region, 2016 – 2020 (USD Million)
TABLE NO. 8. Global Cloud Based Data Management Services Market for Infrastructure-as-a-Service (IAAS), by Region, 2016 – 2020 (USD Million)
TABLE NO. 9. Global Cloud Based Data Management Services Market for Public cloud, by Region, 2016 – 2020 (USD Million)
TABLE NO. 10. Global Cloud Based Data Management Services Market for Private cloud, by Region, 2016 – 2020 (USD Million)
TABLE NO. 11. Global Cloud Based Data Management Services Market for Others, by Region, 2016 – 2020 (USD Million)
TABLE NO. 12. Global Cloud Based Data Management Services Market for Banking, financial services and Insurance (BFSI), by Region, 2016 – 2020 (USD Million)
TABLE NO. 13. Global Cloud Based Data Management Services Market for Telecommunications and IT, by Region, 2016 – 2020 (USD Million)
TABLE NO. 14. Global Cloud Based Data Management Services Market for Retail, by Region, 2016 – 2020 (USD Million)
TABLE NO. 15. Global Cloud Based Data Management Services Market for Public Sector, by Region, 2016 – 2020 (USD Million)
TABLE NO. 16. Global Cloud Based Data Management Services Market for Others, by Region, 2016 – 2020 (USD Million)
TABLE NO. 17. Global Cloud Based Data Management Services Market Revenue, By Region, 2016 – 2020 (USD Million)
TABLE NO. 18. North America Cloud Based Data Management Services Market Revenue, By Country, 2016 – 2020 (USD Million)
TABLE NO. 19. North America Cloud Based Data Management Services Market Revenue, By Model, 2016 – 2020 (USD Million)
TABLE NO. 20. North America Cloud Based Data Management Services Market Revenue, By Application, 2016 – 2020 (USD Million)
TABLE NO. 21. North America Cloud Based Data Management Services Market Revenue, By End Use, 2016 – 2020 (USD Million)
TABLE NO. 22. U.S. Cloud Based Data Management Services Market Revenue, By Model, 2016 – 2020 (USD Million)
TABLE NO. 23. U.S. Cloud Based Data Management Services Market Revenue, By Application, 2016 – 2020 (USD Million)
TABLE NO. 24. U.S. Cloud Based Data Management Services Market Revenue, By End Use, 2016 – 2020 (USD Million)
TABLE NO. 25. Canada Cloud Based Data Management Services Market Revenue, By Model, 2016 – 2020 (USD Million)
TABLE NO. 26. Canada Cloud Based Data Management Services Market Revenue, By Application, 2016 – 2020 (USD Million)
TABLE NO. 27. Canada Cloud Based Data Management Services Market Revenue, By End Use, 2016 – 2020 (USD Million)
TABLE NO. 28. Mexico Cloud Based Data Management Services Market Revenue, By Model, 2016 – 2020 (USD Million)
TABLE NO. 29. Mexico Cloud Based Data Management Services Market Revenue, By Application, 2016 – 2020 (USD Million)
TABLE NO. 30. Mexico Cloud Based Data Management Services Market Revenue, By End Use, 2016 – 2020 (USD Million)
TABLE NO. 31. Drivers for the Cloud Based Data Management Services Market: Impact Analysis
TABLE NO. 32. Restraints for the Cloud Based Data Management Services Market: Impact Analysis
TABLE NO. 33. Major Buyers of Cloud Based Data Management Services
TABLE NO. 34. Distributors/Traders List of Cloud Based Data Management Services
TABLE NO. 35. Global Cloud Based Data Management Services Market, Company Market Revenue, 2016 – 2019 (USD Million)
TABLE NO. 36. Global Cloud Based Data Management Services Market, Company Y-o-Y Growth, 2017 – 2019 (USD Million)
The global cloud based data management services market was valued at USD 16.7 Billion in 2020.
The global cloud based data management services market is expected to reach USD 146.1 Billion by 2028, growing at a CAGR of 31.2% between 2021 to 2028.
Some of the key factors driving the global cloud based data management services market growth are industries that are using cloud based data management services in order to provide resilient and disaster averse business models across the world.
North America region held a substantial share in 2020. North America houses some of the biggest and leading IT companies in the world. The adoption rate of cloud based data management services is very high in the region.
Some of the major companies operating in the global cloud based data management services market are IBM, HP, NetApp, SAS, Informatica Cloud, Actian Corporation, Cisco Systems Inc., Dell Technologies, and Fujitsu Ltd., among others.
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