Data Management as a Service Market- Rise of Data Necessities Secure Data
Management And Data Operations
Digital data is growing exponentially in the current market. IoT proliferation is
generating volume of digital information at an exponential rate. The data universe
has seen this tremendous growth in the last few years. In fact, over 80% to 90% of
digital data present in the current market was created in the last two years. With
data rise, the number of data breaches have gone up. For instance, Yahoo Inc.,
experienced data breach in 2013-2014, leading to the loss of 3 billion user
account data base. Friend Finder Networks Inc., an American internet company
lost the database of its 412.2 million users in its 2016 data breach episode.
Similarly, eBay, Equifax, and Heartland Payment Systems have witnessed data
theft. Thus, rise of data necessities secure data management and data operations,
in turn creating demand for data management vendors in the end-use market.
Data management is an administrative process and comprises data storage, data
acquisition, validation, protection, and processing required data to ensure the
accessibility, reliability, and timeliness of the data.
Cloud platform adoption, next generation data center evolution, and cost
effective and flexible data management solutions are creating demand traction
for data management as a service. It is anticipated that rising trend of cloud
adoption would drive the data management as a service market over the years.
Rising data breaches across the globe is necessitating the modernization of
existing
enterprise
infrastructure.
Thus,
enterprise
data
management
infrastructure modernization across the world is set to boost the global data
management as a service market in the near future. However, lack of complete
data security assurance and misuse of collected data are factors obstructing data
management as a service market growth in international and domestic markets.
Further, security and reliability concerns such as cyber-attacks are expected to
slow down the adoption of data management as a service, thus reducing the
CAGR growth of the market globally. Rising number of enterprises and their
migration from on premise to cloud is creating lucrative market opportunity for
data management as a service vendors across the world, and predominantly in
the Asia Pacific market.
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The global data management as a service market is broadly classified by
component, solution, deployment, service model, and application. The market is
further analyzed by geographic region. Based on component, the market is
segmented as hardware, software, and service. On the basis of deployment, the
market is further categorized as on premise and cloud. Additionally, the cloud
segment is cross segmented as private and public cloud. On the basis of service
model, the market is categorized into software as a service (SaaS), infrastructure
as a service (IaaS), and platform as a service (PaaS). On the basis of end-use
industry, the global data management as a service market is categorized into BFSI,
IT and telecommunication, manufacturing, healthcare, media and entertainment
among others. Application segment of the global data management as a service
market is again categorized as data archiving, backup, management, and data
migration and immigration.
Based on geographic region, the global data management as a service market is
categorized as North America (NA), Europe (EU), Asia Pacific (APAC), Middle East
& Africa (MEA), and South America (SA). The data management as a service
market in North America includes the U.S., Canada, and Rest of North America.
Europe includes market analysis across the U.K., Germany, France, and Rest of
Europe. Asia Pacific includes India, China, Japan, Australia, and Rest of Asia Pacific.
Middle East & Africa includes market analysis across GCC countries, South Africa,
and Rest of Middle East & Africa. Furthermore, the South America data
management as a service market is analyzed among Brazil and Rest of South
America.
Some of the major players in the global data management as a service market
who provide advanced and scalable solutions in domestic and international
markets include Druva, Siemens AG, Frontier Technology Limited, HewlettPackard Company, Informatica Corporation, Cisco Systems Inc., Hitachi Data
System, Fujitsu Ltd., EMC Corporation, and NETAPP, Inc.