Artificial Intelligence
Cloud-based Data Management Services Market worth $141.7 billion by 2028 – Exclusive Report by MarketsandMarkets™
CHICAGO, Dec. 8, 2023 /PRNewswire/ — Increased adoption of hybrid and multi-cloud strategies, integration with edge computing and sophisticated analytics, a focus on data privacy and security advancements, and the development of industry-specific solutions are all anticipated developments in the cloud-based data management services market in the future. The market will be significantly shaped by developments in data storage and collaborative data science platforms, as well as innovations in quantum computing, blockchain integration, and sustainability practices.
The Cloud-based Data Management Services Market is expected to grow from USD 40.2 billion in 2023 to USD 141.7 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 28.7% during the forecast period, according to a new report by MarketsandMarkets™. Simplifying operations, enhancing data security, facilitating remote accessibility, and eliminating the need for significant upfront investments in hardware and infrastructure are major factors driving cloud-based data management services across organizations. Also, cloud-based data management facilitates easy access to data from anywhere with an internet connection. This is especially important in today’s global and increasingly remote work environments. It also promotes collaboration among team members who can concurrently access and work on the same datasets.
Browse in-depth TOC on “Cloud-based Data Management Services Market”
215 – Tables 57 – Figures255 – Pages
Scope of the Report
Report Metrics
Details
Market size available for years
2018–2028
Base year considered
2022
Forecast period
2023–2028
Forecast units
Value (USD Million/Billion)
Segments Covered
Service Type, Service Model, Deployment Mode, Vertical
Regions covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
Companies covered
IBM (US), Fujitsu (Japan), Cisco (US), Dell Technologies (US), HPE (US), NetApp (US), Informatica (US), SAS (US), Actian (US), Oracle (US), SAP (Germany), Google (US), AWS (US), Accenture (Ireland), Snowflake (New Zealand), Talend (US), Hitachi Vantara (US), Cloudera (US), Teradata (US), Experian (Ireland), Alibaba Cloud (China), TIBCO Software (US), Cohesity (US), and Commvault (US), and others
By service type, the integration services segment is expected to hold a larger market size during the forecast period.
The integration services considered for the study consist of migration, master data management, data synchronization, and data virtualization. Data integration services are software tools that help organizations collect, transform, and load data from various sources into a unified repository. This process is essential for businesses that need to analyze and extract insights from their data to make informed decisions. Data integration services are in high demand in the Cloud-based Data Management Services Market due to the growing need to connect data from multiple sources and make it accessible for analysis and decision-making. Data integration services can also be used to automate data flows, which can save time and resources. Companies rely on data integration services to synchronize data from multiple applications, databases, and systems hosted in the cloud, allowing for cohesive analytics, better-informed decision-making, and improved operational efficiency. Notable players in this sphere, such as Informatica, Talend, and SnapLogic, provide robust data integration solutions, empowering businesses to derive actionable insights and gain a competitive edge in the market by leveraging a unified view of their data assets.
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By service model, the PaaS segment holds the second-largest market share during the forecast period.
Platform as a Service (PaaS) adoption in the Cloud-based Data Management Services Market has experienced substantial growth as organizations seek streamlined solutions for application development, deployment, and data processing. Leading cloud providers such as Microsoft Azure, Google Cloud Platform, and Salesforce have witnessed a surge in PaaS utilization. Microsoft Azure’s PaaS revenue increased by 51% in their Q3 2022 results, indicating the strong demand for platform services. With its Heroku platform, companies like Salesforce provide a PaaS environment for developers to build, deploy, and scale applications effortlessly. PaaS offerings benefit data management tasks, providing tools and frameworks for database management, data analytics, and application development. The ease of integration and automation in PaaS solutions streamlines the data management process, allowing organizations to focus on innovation rather than infrastructure concerns. As businesses prioritize agility and efficiency in their data operations, PaaS adoption is poised to play a pivotal role in shaping the future of cloud-based data management services.
By Region, Asia Pacific is expected to grow at the highest CAGR during the forecast period.
The adoption of cloud-based data management services in the Asia Pacific (APAC) region has been marked by robust growth, reflecting the region’s dynamic economic landscape and the accelerating pace of digital transformation. With a burgeoning middle class and a rapidly expanding digital ecosystem, countries across APAC are increasingly turning to cloud services for their data management needs. The region’s embrace of cloud solutions is exemplified by instances such as Alibaba Cloud’s expanding footprint, serving as a major player in China and the broader APAC market. Additionally, as a percentage of GDP, many Asia Pacific countries have demonstrated a substantial increase in digital adoption, reflecting the region’s commitment to leveraging technology for economic growth. For instance, Singapore, South Korea, and Australia have consistently ranked high in global digital competitiveness indices. The COVID-19 pandemic has further accelerated the adoption of cloud services in the region as businesses seek scalable, cost-effective solutions to support remote work and digital collaboration. As the APAC region continues to invest in digital infrastructure and prioritize innovation, the adoption of cloud-based data management services is expected to play a pivotal role in shaping its future economic landscape.
Top Key Companies in Cloud-based Data Management Services Market:
Some of the key players operating in the Cloud-based Data Management Services Market are – IBM (US), Fujitsu (Japan), Cisco (US), Dell Technologies (US), HPE (US), NetApp (US), Informatica (US), SAS (US), Actian (US), and Oracle (US).
Recent Developments:
In September 2023, IBM enhanced its IBM Cloud Security and Compliance Center, a collection of advanced cloud security and compliance solutions, to enable enterprises to effectively manage risks and safeguard data across their hybrid and multi-cloud environments and workloads.In June 2023, NetApp announced enhancements to its BlueXP offering, which included streamlined backup and recovery processes, expanded data protection across various environments, and compatibility with highly secure settings such as government facilities. These updates ensured consistent operations, delivering a uniform experience across all applications regardless of the deployment environment.In November 2022, Dell Technologies announced an enhancement to its Dell PowerProtect Manager, a data protection solution that included Dell PowerProtect Data Manager Appliance, simplifying the data back-up and recovery process. It offered software-defined architecture, highly secured access, and a consistent user experience.In September 2022, Fujitsu strengthened its security services capabilities by acquiring InPhySec, a New Zealand-based cyber security firm.In June 2022, HPE introduced enhancements and new cloud services for HPE GreenLake. HPE launched eight new HPE GreenLake cloud services, giving customers more choice, control, and predictability for their enterprise cloud delivery.Cloud-based Data Management Services Market Advantages:
Organisations may simply increase their processing and storage capacities in response to changes in data volume and growth thanks to the scalability offered by cloud-based data management services. This makes sure companies don’t have to invest a lot of money in infrastructure to adjust to shifting demands.Saving money is a common outcome of implementing cloud-based data management services. Employing a pay-as-you-go strategy allows organisations to only pay for the resources and services they really use. Large upfront capital expenditures are no longer necessary, and more predictable budgeting is made possible.Organisations can swiftly deploy, configure, and modify data management services because to the flexibility and agility that cloud-based solutions provide. This is especially helpful for companies going through fast transitions or those with dynamic data processing needs.Services for cloud-based data management make data globally accessible. Anyone with an internet connection can access, examine, and manage data from any location. This is essential for businesses that require remote access or have dispersed workforce.Software upgrades and security patches are among the regular maintenance duties that cloud service providers take care of. Without requiring manual involvement, this guarantees that enterprises are utilising the most recent and secure iterations of data management systems.Disaster recovery and business continuity are elements that are integrated into cloud-based data management solutions. Data is usually saved in numerous locations and backed up, minimising the chance of data loss and guaranteeing continuity in case of an emergency.Tools for quality control and data governance are frequently included in cloud-based data management packages. Data consistency and correctness can be guaranteed by organisations through the implementation of data governance policies and the enforcement of data quality standards.Report Objectives
To define, describe, and forecast the cloud-based Data Management Services market based on service type, service model, deployment mode, industry verticals, and regionsTo forecast the market size of the five major regional segments: North America, Europe, Asia Pacific, Middle East & Africa, and Latin AmericaTo strategically analyze the market subsegments with respect to individual growth trends, prospects, and contributions to the total marketTo provide detailed information related to the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)To strategically analyze the macro and micromarkets1 with respect to growth trends, prospects, and their contributions to the overall marketTo analyze the industry trends, patents and innovations, and pricing data related to the Cloud-based Data Management Services Market.To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for major players.To profile the key players in the market and comprehensively analyze their market share/ranking and core competencies across segments and subsegments.To track and analyze the competitive developments, such as mergers and acquisitions, product developments, and partnerships and collaborations in the marketBrowse Adjacent Markets: Software and Services Market Research Reports & Consulting
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Artificial Intelligence
Akuvox S567G Smart Indoor Monitor Has Received Google Mobile Service Certification
XIAMEN, China, Sept. 13, 2024 /PRNewswire/ — Akuvox has announced its S567G, an indoor monitor powered by Android™, to have received Google GMS certification. This certification ensures full support for Google Services, allowing users to download and update apps directly from the Google Play Store, including smart home control apps. It also enhances system security, protecting against malware and unauthorized access.
GMS certification involves comprehensive testing and approval by Google or a designated 3PL lab, validating security and compatibility to ensure seamless integration within the Android ecosystem. Receiving GMS certification underscores Akuvox’s leadership in the smart intercom industry. Building on its legacy as the pioneer of Android smart intercoms, Akuvox continues to elevate its Android systems with Google’s rigorous certification, offering clients flexible and sophisticated smart intercom solutions.
The S567G’s GMS certification ensures flawless operation with key Google apps like Chrome, Gmail, YouTube, Maps, and the Play Store. Edward Shi, Product Manager of the S567G, notes, “The positive feedback we’ve received from clients, even during testing, confirms that this device is transforming daily life. It’s more than just an intercom — it’s a versatile tool, even capable of functioning as a small TV. Our team has worked tirelessly to meet the highest standards, and I’m excited to see how it enhances smart living for our users.”
The S567G’s features extend beyond intercom functionality. With four HD speakers and a 1280 x 800 IPS LCD screen, it offers an exceptional audio-visual experience, redefining the concept of an indoor monitor. Whether for entertainment or smart home control, the S567G stands out as a versatile wall-mounted tablet, bringing innovation to every interaction.
About Akuvox
Akuvox is a global leading provider of smart intercom and smart home products and solutions. It is committed to unleashing the power of technology to improve people’s lives with better communication, greater security, and more convenience. Encompassing artificial intelligence, SIP, Android, cloud, security, and other advanced technologies, Akuvox continuously drives breakthrough changes in the industry and creatively delivers an unrivaled portfolio of smart intercom and smart home products and solutions. It has been deployed and used daily in more than 110 countries and regions, meeting customer needs in various vertical markets that range from residential to commercial, from healthcare to public safety.
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Artificial Intelligence
SeaBubbles Accelerates Sustainable Maritime Mobility with SmartBubble and Strategic Acquisition
SAINT JORIOZ, France, Sept. 13, 2024 /PRNewswire/ — SeaBubbles, French pioneer in zero-emission hydrofoils, strengthens its commitment to ecological transition with the launch of SmartBubble, new flying boat model combining cutting-edge technology with iconic design. This innovative vessel, designed to carry up to eight people at a speed of 16 knots (30 km/h), takes its passengers on a silent and environmentally friendly flight, ideal for water taxi services and urban transportation.
SmartBubble: Concentration of Technology and Design
Following the success of its first public line on Lake Annecy, where hundreds of passengers experienced the unique sensation of flying aboard The Bubble (4-seater model), SeaBubbles reaches a new milestone with the homologation of the SmartBubble (8-seater model) and its four patents, including retractable foils.
SmartBubble technology is geared towards energy efficiency. The submerged wings (foils) equipped with automatic flaps allow to fly at low speeds, saving 40% of energy required. This unique boat has just been presented afloat for the first time at the Cannes Yachting Festival.
SeaBubbles Strengthens Flight Control Expertise with Neocean Acquisition
SeaBubbles also announces the acquisition of Neocean technology, to accelerate the development of flight control expertise, specifically on “inverted T” foils. Neocean is renowned for developing the Overboat, foiling catamaran with proven stability and maneuverability.
SeaBubbles is a key player in hydrofoil navigation, technology that improves energy efficiency of boats, particularly electric ones. The flight control system is a central element of the flight experience: it is designed to ensure stable flight by dynamically and autonomously managing the mechanical inclination of the flaps on the trailing edges of the foils.
SeaBubbles: Vision for the Future
SeaBubbles’ ambition is to revolutionize urban and suburban maritime transport with more efficient and environmentally friendly boats. Examples such as the Calanques National Park, Norwegian fjords, alpine lakes or the canals of Amsterdam demonstrate a committed initiative towards the preservation of aquatic ecosystems by gradually banning the circulation of thermal boats.
“Foils significantly reduce the drag of our boats, allowing our hydrofoils to move more easily and with less energy than a conventional boat: a considerable gain in cost and energy,” explains Virginie Seurat, CEO of SeaBubbles. “The acquisition of Neocean marks a decisive turning point and prepares us for our industrialization phase. We are ready to redefine the pleasure of boating and offer boats that comply with increasingly stringent environmental standards, while offering unique sailing comfort – zero noise, zero waves, zero emissions.”
AxiCom for SeaBubbles, [email protected]
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Artificial Intelligence
Amagi and BuyDRM Partner to Secure Streaming Video on PlayMedia’s FAST Platform GoPlay
NEW YORK, Sept. 13, 2024 /PRNewswire/ — Amagi, the global leader in cloud-based SaaS technology for broadcast and connected TV (CTV), today announced a partnership with BuyDRM, a leading content security services and solutions provider offering cloud-based content security for the streaming video platform GoPlay by PlayMedia. This successful collaboration with BuyDRM’s KeyOS Content Security Platform provides robust safeguards for valuable video content while allowing PlayMedia to focus on delivering high-quality video experiences to its audience without compromising security.
This partnership marks a significant step forward in addressing the evolving challenges of content security in today’s digital landscape. By combining BuyDRM’s expertise in DRM solutions with Amagi’s scalable cloud infrastructure, PlayMedia can ensure comprehensive protection for its content library against piracy and unauthorized access.
BuyDRM’s KeyOS Content Security Platform is an award-winning, studio-approved multi-DRM and watermarking content security platform for video. The KeyOS platform protects the assets of copyright holders and distributors with robust security services and solutions for high-value video content and is trusted by many of the most prominent names in media and entertainment across the globe.
Srinivasan KA, Co-Founder and Chief Revenue Officer at Amagi, said, “Our partnership with BuyDRM aligns perfectly with our endeavor to empower content creators and distributors with innovative technology. Integrating BuyDRM’s KeyOS platform into our cloud-based platform offers our customers like PlayMedia the peace of mind they need to focus on delivering exceptional content.”
“The alliance with Amagi made it possible for our mutual customer, PlayMedia, to utilize our content security offering in a cloud-based environment without sacrificing their security standards and the user experience,” said Christopher Levy, BuyDRM CEO and Co-Founder. “Both companies worked hard to empower PlayMedia with the technology needed to thrive in today’s streaming market.”
Amagi provides a complete suite of channel creation, distribution, and monetization solutions. The company’s clients include some of the world’s biggest names, including A+E Networks UK, ABS-CBN, Astro, Cox Media Group, DAZN, Globo, Lionsgate Studio, NBCUniversal, Tastemade, and VIZIO.
Amagi is exhibiting at IBC2024. Attendees can join Amagi and experience its innovative media cloud platform, which addresses unified broadcast and streaming TV workflows. Click here to book a meeting with Amagi executives.
About Amagi
Amagi is a next-generation media technology company that provides cloud broadcast and targeted advertising solutions to broadcast TV and streaming TV platforms. Amagi enables content owners to launch, distribute, and monetize live, linear channels on Free Ad-supported Streaming TV and video services platforms. Amagi also offers 24×7 cloud-managed services, bringing simplicity, advanced automation, and transparency to all broadcast operations. Overall, Amagi supports 800+ content brands, 800+ playout chains, and 5,000+ channel deliveries on its platform in over 150 countries. Amagi has a presence in New York, Los Angeles, Toronto, Mexico City, London, Paris, Sydney, Seoul, and Singapore, broadcast operations in New Delhi, and innovation centers in Bengaluru, Zagreb, and Łódź.
About BuyDRM
BuyDRM™ is a leading global provider of content security services for the entertainment, education, enterprise, and hospitality industries. BuyDRM’s KeyOS content security platform powers many of the largest brands in media and technology. With decades of market-leading experience implementing commercial content security solutions and media technologies, BuyDRM has amassed substantial success stories for many of today’s largest brands such as ABC (Australian Broadcasting Corporation), Daily Rounds, Deluxe Digital, EPIX, FuboTV, POPS Singapore, Rakuten Viki, Redbox, Roku, Samsung TV+, SBS Australia, Showtime, Sinclair Digital, Soundcloud, Sportradar, TubiTV and ViaPlay.
For more information, please visit www.buydrm.com.
Amagi Contact:
Aashish WashikarDirector – Corporate Communications Email: [email protected]
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