The global cloud-based data management services market was valued at USD 43.83 billion in 2024 and is projected to reach USD 173.63 billion by 2030, growing at a compound annual growth rate (CAGR) of 26.8% from 2025 to 2030. This robust growth is primarily attributed to the explosive increase in data volumes being generated across virtually all industry sectors, ranging from healthcare and finance to retail and manufacturing. The continuous influx of both structured and unstructured data has created a pressing need for highly scalable, flexible, and efficient data storage, processing, and security solutions, all of which are effectively addressed by cloud-based data management services.

As organizations move away from traditional, on-premises infrastructure models, there is a growing emphasis on adopting cloud environments that offer more agile and cost-effective alternatives. Cloud-based data management services provide businesses with the ability to integrate disparate data sources, enforce governance policies, and derive insights through advanced analytics all without the need for extensive on-site hardware and maintenance.

A significant contributor to the expansion of this market is the rising adoption of cloud computing across various industries, where companies are increasingly recognizing the benefits of transitioning from legacy systems to cloud-based platforms. These platforms offer superior scalability, elasticity, and cost-effectiveness, making them attractive for organizations undergoing digital transformation.

Key Market Trends & Insights:

• North America led the global market and held the largest revenue share of approximately 38.0% in 2024. This dominance is driven by the early and widespread adoption of cloud technologies in the region, supported by the presence of major cloud service providers and a mature digital infrastructure.
• The Asia Pacific region is experiencing rapid expansion, with the market expected to grow at an impressive CAGR of 29.9% from 2025 to 2030. This growth is fueled by increasing investments in cloud infrastructure, rising internet penetration, and the digital transformation of businesses in emerging economies such as India, China, and Southeast Asian countries.
• Among service types, the data analytics segment accounted for the largest revenue share of over 30.0% in 2024. This is due to the growing emphasis on business intelligence and real-time decision-making, where analytics tools play a crucial role in extracting actionable insights from large data sets.
• The database management segment is projected to register a strong CAGR of 28.0% over the forecast period. Organizations are increasingly relying on cloud-based databases to store and manage operational, transactional, and customer data, leading to rising demand in this area.
• Based on deployment models, the public cloud segment held the largest share of nearly 52.0% in 2024. Public cloud solutions offer scalability, reduced capital investment, and easier access, making them a popular choice, especially for larger organizations and public-sector institutions. Meanwhile, the private cloud segment is anticipated to witness significant growth in the coming years, particularly among organizations seeking enhanced security and regulatory compliance.
• In terms of organization size, large enterprises dominated the market, accounting for over 67.0% of global revenue in 2024. These enterprises have more complex data management requirements and larger IT budgets, making them early adopters of comprehensive cloud-based solutions. On the other hand, the small and medium-sized enterprises (SMEs) segment is expected to grow at a considerable pace during the forecast period.
• Across verticals, the IT & telecom sector emerged as the leading end-use segment, contributing to over 23.0% of the market revenue in 2024. The sector’s demand is driven by the need to manage vast data streams from networks, users, and devices efficiently. Additionally, the healthcare sector is projected to grow at a noteworthy CAGR over the forecast period.

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Market Size & Forecast:

• 2024 Market Size: USD 43.83 Billion
• 2030 Projected Market Size: USD 173.63 Billion
• CAGR (2025-2030): 26.8%
• North America: Largest market in 2024

Key Companies & Market Share Insights:

Major players in the cloud-based data management services market include IBM Corporation, Oracle, Snowflake, Informatica, and Alibaba Cloud. These companies are adopting strategies such as product launches, partnerships, and collaborations to maintain a competitive edge.

• In September 2024, Oracle launched Intelligent Data Lake and generative AI-powered analytics for its Data Intelligence Platform, built on OCI. This integrates data orchestration, warehousing, analytics, and AI, with limited release expected in 2025.
• In May 2024, Informatica unveiled GenAI innovations like CLAIRE GPT, enabling secure, real-time data access and empowering users to build GenAI apps on a trusted data foundation.
• In February 2024, Veeam introduced Veeam Data Cloud, a backup and ransomware recovery service for Microsoft Azure and 365. Built on Azure and powered by Cirrus BaaS, it enhances secure cloud-based data management.

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Conclusion:

The global cloud-based data management services market is experiencing rapid growth, driven by the surge in data generation and the increasing shift from traditional infrastructure to cloud-based solutions. With rising demand for real-time analytics, data integration, and cost-effective storage, organizations across various sectors are embracing cloud technologies to enhance operational efficiency and decision-making. As cloud adoption continues to accelerate, especially in emerging economies and across industries like IT, telecom, and healthcare, the market is set to reach USD 173.63 billion by 2030, reflecting a strong growth outlook.