Cloud Based Data Management Services market | Exactitude Consultancy Reports

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Cloud Based Data Management Services Market by Service Type (Integration Services, Data Security & Back-up Services, Quality-as-a-Service), Service Model (Software-as-a-Service, Platform-as-a-Service, Infrastructure-as-a-Service), Deployment Mode (Public Cloud, Private Cloud, Other deployment modes), Verticals (BFSI, IT & Telecom, Retail & Consumer Goods, Government & Public Sector, Energy & Utilities, Manufacturing, Healthcare & Life Sciences, Education, Media & Entertainment, Research & Consulting Services, Other Verticals) and Region, Global trends and forecast from 2022 to 2029.

The cloud-based data management services market is expected to grow at 33.4% CAGR from 2022 to 2029. It is expected to reach above USD 3804.95 billion by 2029 from USD 21.97 billion in 2020.

Segment Analysis
Quality-as-a-service will expand at a higher CAGR than other service types throughout the projection period. Data cleaning, scrubbing, updating, standardization, data de-duplication, and data remediation are all included in the quality-as-a-service segment. For efficiency and profitability to be realized, data quality is essential. The availability of data in many data formats is growing as a result of mobile connection, the Internet of Things, and other cloud-based applications. As a result, low-quality data and incorrect data formats come at an additional cost. Applications running on hybrid, cloud-native, or legacy systems can all use data quality technologies.

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