Global Cloud Based Data Management Services Market to Reach $70.9 Billion by 2027
Amid the COVID-19 crisis, the global market for Cloud Based Data Management Services estimated at US$12.9 Billion in the year 2020, is projected to reach a revised size of US$70.9 Billion by 2027, growing at a CAGR of 27.6% over the period 2020-2027.
The U.S. Market is Estimated at $3.9 Billion, While China is Forecast to Grow at 26.8% CAGR
The Cloud Based Data Management Services market in the U.S. is estimated at US$3.9 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$12.2 Billion by the year 2027 trailing a CAGR of 26.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 24.8% and 23.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 19.4% CAGR.We bring years of research experience to this 6th edition of our report. The 89-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others,
- Actian Corporation
- Cisco Systems, Inc.
- Dell Technologies
- EMC Corporation
- Fujitsu Ltd.
- Hewlett Packard Enterprise Development LP (HPE)
- Hitachi Data Systems Corporation
- IBM Corporation
- Informatica LLC
- NetApp, Inc.