Global Data Management as a Service Market Demand, Sales And Growth, Forecast 2027

The global data management as a service market was valued at $4.74 billion in 2020, and it is predicted to grow at a CAGR of 14.1 percent to $11.93 billion by 2027. Data management as a service is a sort of cloud service that allows enterprises to store heterogeneous data sources in a centralized location. Digital data is growing at an exponential rate in today's economy. The Internet of Things (IoT) is generating an enormous volume of digital content.