Cloud Database and DBaaS Market Outlook
According to the report by Expert Market Research (EMR), the global cloud database and DBaaS market size is projected to grow at a CAGR of 15.9% between 2024 and 2032. Aided by the growing adoption of cloud across businesses, the market is expected to grow significantly by 2032.
A cloud database is a database service built and accessed through a cloud platform. It offers businesses and users the ability to store and manage data over the cloud, ensuring scalability, flexibility, and cost-effectiveness. DBaaS is a model where the cloud provider delivers database functionality as a service, eliminating the need for organisations to manage the underlying hardware and software.
The cloud database and DBaaS market growth is primarily driven by the growing volume of data generated by businesses and the shift towards digital transformation. As organisations continue to produce vast amounts of data, the need for efficient, scalable, and cost-effective database solutions becomes increasingly critical.
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The adoption of cloud databases and DBaaS is notably high among small and medium-sized enterprises (SMEs) due to their limited resources and growing need for scalable infrastructure. According to the cloud database and DBaaS market analysis, these cloud solutions offer SMEs a level playing field to compete with larger enterprises by providing access to advanced database technologies without significant upfront investments.
The flexibility and scalability offered by cloud databases and DBaaS are also significant factors contributing to their popularity. Organisations can easily scale their database resources up or down based on demand, ensuring efficient resource utilisation and cost savings. This scalability is particularly beneficial for businesses with fluctuating or seasonal data storage needs.
Another driver of the cloud database and DBaaS market demand is the increasing adoption of big data analytics, IoT (Internet of Things), and AI (Artificial Intelligence). These technologies require robust, scalable, and flexible database solutions to store and process large volumes of data efficiently.
Geographically, North America dominates the market, attributed to the presence of major cloud service providers and early adoption of cloud technologies. However, the Asia-Pacific region is expected to witness the highest growth rate over the forecast period, driven by the rapid digital transformation, increasing cloud adoption among SMEs, and growing IT sector in countries like China, India, and Japan.
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Cloud Database and DBaaS Market Segmentation
The market can be divided based on database type, component, service, deployment model, organisation size, industry, and region.
Market Breakup by Database Type
- Structured Query Language
- Not Only Structured Language
Market Breakup by Component
- Solution
- Services
Market Breakup by Service
- Professional Services
- Managed Services
Market Breakup by Deployment Model
- Public Cloud
- Private Cloud
- Hybrid Cloud
Market Breakup by Organisation Size
- Large Enterprises
- Small and Medium-Sized Enterprises
Market Breakup by Industry
- Banking, Financial Services, and Insurance
- Telecom and IT
- Government
- Consumer Goods and Retail
- Manufacturing
- Energy and Utilities
- Media and Entertainment
- Healthcare and Life Sciences
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global cloud database and DBaaS market. Some of the major players explored in the report by Expert Market Research are as follows:
- IBM Corporation
- Oracle Corporation
- Microsoft Corporation
- Google LLC
- Amazon Web Services
- Others
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