Global Cloud Based Data Management Services Market to witness Impressive Growth by 2016 – 2024
United States, 16 March 2017 -- A cloud data management system is a system used for data management. It is accessed over the Internet. Moreover, it is hosted by a third-party service provider on a remote server.
Zion Market Research, the market research group announced the analysis report titled 'Cloud Based Data Management Services Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024'
Global Cloud Based Data Management Services Market: Overview
A cloud data management system is a system used for data management. It is accessed over the Internet. Moreover, it is hosted by a third-party service provider on a remote server. Normally, the old data management system is installed on a server at a web site of the organization where data is accessed and accumulated over a local area network. But, a cloud data management system operates on a platform given by the cloud provider and the data can only be accessed or accumulated when there is an Internet connection.
Global Cloud Based Data Management Services Market: Growth Factors
The global cloud-based data management services market is likely to witness a huge positive change globally in the near future. Increased demand for online safety and security is the main reason that is boosting the global market. Additionally, the rise in the number of incidents such as online security breach is the main reason behind the elevation of the global market. In addition to this, growing awareness among the users about the advantages of cloud-based data management services is driving the global market.
On the other hand, the hefty cost of the raw materials is the main reason that is hampering the global market. In addition to this, the high cost of transportation is also hindering the global cloud-based data management services market. Moreover, high cost for maintenance is restraining the global market growth. Further, the high cost of the ownership of cloud-based data management services is also one of the main reasons responsible for the growth of the global cloud-based data management services market.
Global Cloud Based Data Management Services Market: Segmentation
Based on service, the global cloud-based data management services market is mainly classified as integration services, quality-as-a-service, data security and backup services, and others.
On the basis of service models, the global market is segmented into software-as-a-service, infrastructure-as-a-service, platform-as-a-service, and others.
Based on the delivery model, the global cloud-based data management services market is mainly divided as private cloud, public cloud, and others.
Based on verticals, the global market is mainly classified as education, banking, financial services, and insurance (BFSI), healthcare and life sciences, government, retail and wholesale, manufacturing, telecommunication and IT, and others.
Global Cloud Based Data Management Services Market: Regional Analysis
Geographically, the global cloud-based data management services market is segmented into Asia-Pacific, Europe, North America, and Rest of the World. Countries such as India and China will witness a huge growth in the global cloud access security broker market in the near future owing to growing awareness and job opportunities. Increased in the demand for cloud-based data management services have caused the global market to boost in North America. The remaining part of the world will show a moderate growth in the global market in the near future.
Global Cloud Based Data Management Services Market: Competitive Players
The global market consists of many local as well as global players. This makes the market aggressive. Key players in the global cloud-based data management services market are HP, IBM, NetApp, Dell, Cisco, SAS, Fujitsu, Informatica Cloud, and Actian.
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