The new report by Expert Market Research titled, ‘Global Cloud Database and DBaaS Market Trends, Share, Price, Growth, Report and Forecast 2023-2028, gives an in-depth analysis of Cloud database and DBaaS, assessing the market based on its segments like database type, component, service, deployment model, organisation size, industry, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 15.9%
The growing shift of database systems from the traditional on-premises system to the cloud system is one of the major factors augmenting the market growth. Moreover, increasing work-from-home culture all across the globe is also driving the market growth.
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The several number of benefits associated with the cloud database and DBaaS services, including cost-effectiveness, flexibility, seamless integration, easy accessibility, high scalability, and expediated business operations.
Industry Definition and Major Segments
Cloud database and DBaaS refers is a database-as-a-service that is offered on a cloud computing platform. The providers rent out databases with required storage capacities, which supports efficient management and analysis of extensive data.
Also, these services provide enterprises access to a remote database system, which saves time and cost from having to set up the hardware, installs the software, and configure the system, as the service providers carry out all these processes.
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By database type, the market is segmented into:
• Structured Query Language
• Not Only Structured Language
Based on component, the industry can be divided into:
By service, the market can be bifurcated into:
• Professional Services
• Managed Services
Based on the deployment model, the industry can be sub-divided into:
• Public Cloud
• Private Cloud
• Hybrid Cloud
From organisation size, the market can be bifurcated into:
• Large Enterprises
• Small and Medium-Sized Enterprises
On the basis of industry, the market can be categorised into:
• Banking, Financial Services, and Insurance
• Telecom and IT
• Consumer Goods and Retail
• Energy and Utilities
• Media and Entertainment
• Healthcare and Life Sciences
The regional markets for the Global Cloud Database and DBaaS Market can be separated into:
• North America
o United States of America
o United Kingdom
• Asia Pacific
• Latin America
• The Middle East and Africa
o Saudi Arabia
o United Arab Emirates
o South Africa
The global cloud database and DBaaS industry will grow significantly in the forecast period as a shift to cloud databases from traditional database systems are witnessed globally. By region, North America will hold a considerable market share in the industry due to the presence of key cloud database providers based in the US and Canada such as Google, Oracle, and Amazon, among others. Moreover, growth in investments in the development of cloud technology is another major factor contributing to the overall market growth in the region.
Key Market Players
The major players in the market include IBM Corporation, Oracle Corporation, Microsoft Corporation, Google LLC, Amazon Web Services, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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