[PHEE-560] Reduce Memory Consumption of reported services

Checklist

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[x] Followed the PR title naming convention mentioned above.
[ ] Design related bullet points or design document link related to this PR added in the description above.
[ ] Updated corresponding Postman Collection or Api documentation for the changes in this PR.
[ ] Created/updated unit or integration tests for verifying the changes made.
[ ] Added required Swagger annotation and update API documentation with details of any API changes if applicable
[ ] Followed the naming conventions as given in https://docs.google.com/document/d/1Q4vaMSzrTxxh9TS0RILuNkSkYCxotuYk1Xe0CMIkkCU/edit?usp=sharing