QuotaExceededError: Failed to execute 'setItem' on 'Storage': Setting the value of 'profileTreeData' exceeded the quota. (MG release)

Overview:
User is getting error 'Something Went Wrong' on the UI when opening a data import profile for editing. This issue is not happening for all the data import profiles and apparently seems to be happening for profiles having more data/conditions.
 
Current workaround: None

Steps to Reproduce:

1. Log into FOLIO https://bugfest-kiwi.folio.ebsco.com/ .
2. Go to Settings-> Data Import->Job Profiles.
3. Select the profile 'Test Quota job'.
4. Click on Action–> Edit.

Expected Results: The selected profile should open for editing.

Actual Results: The UI throws 'Something Went Wrong' with the error in console being 'Error: QuotaExceededError: Failed to execute 'setItem' on 'Storage': Setting the value of 'profileTreeData' exceeded the quota.

Additional Information: See attached error screenshots 
Investigation/Observation:
As per the error , we could see that json string object is being put in session storage but the system is failing to do so as the session storage for most browsers has a limit of 5 MB. It seems that it is due to setting up of below API response in session storage. 
 
API with large response(>5MB) https://okapi-cornell.folio.ebsco.com/data-import-profiles/profileSnapshots/411de749-cc10-4d6e-830e-f0d16f7ac362?profileType=JOB_PROFILE&jobProfileId=411de749-cc10-4d6e-830e-f0d16f7ac362