Cloud Database and DBaaS Market Size
Cloud Database and DBaaS Market size was valued at USD 16.3 billion in 2022 and is expected to witness a CAGR of 16.5% between 2023 and 2032. The data generation and collection are peak to peak and are increasing at a high pace. Storing & retrieving the available data is a challenge with the traditional methods. With DBaaS and cloud databases, information is now distributed across distributed applications & services in the cloud and on-premises databases, rendering it challenging to consolidate with traditional methods.
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Cloud databases offer several advantages such as flexibility, reliability, security, and cost-effectiveness. It presents a resilient platform for developing new business applications. In addition, the combination of e-learning and learning management systems (LMS) in the Cloud Database and DBaaS industry has revolutionized database training. Cloud-based e-learning platforms and Learning Management System (LMS) provide scalable and flexible means of delivering full-scale database training, offering students access to extensive courses and resources. With real-time tracking and collaboration capabilities, individuals can readily learn and hone their database skills at their convenience.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Cloud Database and DBaaS Market Size in 2022 | USD 16.3 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 16.5% |
| 2032 Value Projection | USD 78 Billion |
| Historical Data for | 2018 - 2022 |
| No. of Pages | 287 |
| Tables, Charts & Figures | 362 |
| Segments covered | Component, Database Type, Deployment Model, Organization Size, End-use, and Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
The adoption of game-based learning in the cloud database and DBaaS space is revolutionizing education through the delivery of engaging and interactive learning experiences. Gamified platforms take advantage of aspects like challenges, rewards, and leaderboards to render learning about complicated database ideas enjoyable. Cloud Database and DBaaS offerings allow users to conveniently access and engage with game-based learning modules, leading to increased knowledge retention and collaborative learning environments.
Cloud databases and DBaaS are growing in the market due to their extremely sophisticated technological capabilities. Cloud databases and DBaaS solutions have some drawbacks that may impede the cloud database market growth. Once a user has subscribed to a particular provider, the user may face challenges while migrating data to another cloud provider. This is referred to as vendor lock-in. Vendor lock-in becomes a problem for medium-to-large organizations that host enormous volumes of data with one cloud vendor. Because of the enormity of the volume of data and associated difficulties of migration, it may not be easy to migrate to another vendor.
COVID-19 Impact
COVID-19 pandemic has resulted in an enormous outburst of data from all sorts of sources. With more individuals working from home, companies have been dependent mainly on cloud computing solutions to make their workers efficient. Cloud databases and DBaaS (Database-as-a-Service) have proved to be very crucial in aiding companies to make their processes efficient during the pandemic. These services are scalable and versatile data management platforms that enable remote employees to use and manage data remotely. Since companies have embarked on new working methods, there has been tremendous demand for cloud databases and DBaaS. As a result, the demand for technologies that support businesses in saving, processing, and analyzing data efficiently has been on the rise.
Cloud Database and DBaaS Market Trends
Artificial Intelligence (AI) will make cloud databases more superior, with provisions like automated monitoring, anomaly identification, predictive insights, and intuitive interface. Fully-managed database aims to streamline maintenance processes like tuning and updates. Cloud databases that are automated allow companies to recover from failures quickly. Restores and backup of systems get automated in numerous companies. Furthermore, by delivering standardized services and an array of compliance tools, companies are able to implement configuration standards & policies. Cloud database systems can benefit from AI, scaling resources up or down in response to customer requirements and optimizing the best performance and responsiveness.
Cloud Database and DBaaS Market Analysis
Find out more about the main segments driving this market
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The solutions segment of the cloud database and DBaaS market is predicted to grow at a CAGR of 16% during the period until 2032. The solutions provide database management solutions and storage to organizations. The database management solutions are capable of delivering monitoring, governing performance, and administration features to organizations. The solutions can diagnose and also troubleshoot problems to optimize the network performance. Storage management solutions allow users to make maximum use of storage devices and protect the integrity of data for any media upon which it exists.
Discover more about the major segments influencing this market
Cloud database and DBaaS market from relational database segment reached USD 8.5 billion revenue in 2022. Relational cloud databases allow users to store data in pre-defined relations to understand whether data contains a logical relationship. Relational cloud databases consist of a single or multiple tables with rows and columns. The users can query & modify data in the databases using the Structured Query Language (SQL), which relies on a predefined schema of data. It works harmoniously while handling enormous amounts of structured information owing to the reliability and consistency of its performance.
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North America cloud database and DBaaS market held 35% revenue share in 2022. There has been an immense growth in the demand for cloud databases over the past few years in North America. Growing use of cloud-based technology by various industries and the emergence of big data and analytics are the two drivers responsible for this surge. Another strong driver of the growth of cloud databases in the region is cloud computing development. The demand for cloud data storage technology is increasing as more companies are moving to the cloud.
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Cloud Database and DBaaS Market Share
Major companies operating in the cloud database and DBaaS market are
- Microsoft Corporation
- IBM Corporation
- NEC Corporation
- Thales Group
- IDEMIA
- Okta, Inc.
- TELUS.
These companies are focused on strategic partnerships, new product launches, and commercialization efforts for market expansion. They are also heavily investing in research to introduce innovative products and garner the maximum market revenue.
Cloud Database and DBaaS Industry News
- In December 2022, Avien, a cloud database-as-a-service vendor expanded its services with the managed ClickHouse analytics database platform. Kafka, Cassandra, PostgreSQL, and Redis are a few of the open source data technologies that the well-funded firm offers cloud DBaaS services.
This cloud database and DBaaS market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2018 to 2032, for the following segments
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Market, By Component
- Solutions
- Database management
- Storage
- Services
- Professional services
- Managed services
Market, By Database Type
- Relational databases
- NoSQL databases
- In-memory databases
Market, By Deployment Model
- Public
- Private
- Hybrid
Market, By Organization Size
- SME
- Large enterprises
Market, By End Use
- BFSI
- Healthcare & life sciences
- Retail & e-commerce
- Manufacturing
- Telecom & IT
- Government & public sector
- Media & entertainment
- Others
The above information has been provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Benelux
- Asia Pacific
- China
- India
- Japan
- Australia
- Singapore
- Latin America
- Brazil
- Mexico
- MEA
- South Africa
- GCC
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