Global Data Analysis, Storage, and Management Market 2023-2031 | Straits Research

The global Data Analysis, Storage, and Management Market is experiencing significant growth, driven by the increasing need for efficient data management solutions across various industries. According to Straits Research, the market was valued at USD 19,863.76 Million in 2022 and is projected to expand at a robust CAGR of 12.1% from 2023 to 2031. By the end of the forecast period, the market is expected to reach a staggering USD 69,778.75 Million. This growth is primarily attributed to the surge in data generation, the proliferation of cloud computing, and the increasing adoption of data-driven decision-making across sectors such as pharmaceuticals, biotechnology, and healthcare.