Global Cloud Database and DBaaS Market Analysis By deployment model (Public Cloud, Private Cloud, Hybrid Cloud), By database type (SQL, NoSQL), By end-user (BFSI, Retail and E-commerce, Healthcare, Government, IT and Telecommunications, Others) & Forecast
- PUBLISHED ON
- 2024-10-03
- NO OF PAGES
- 278
- CATEGORY
- Information Communication & Technology
The global Cloud Database and DBaaS market size was valued at USD 12.8 billion in 2022 and is expected to reach USD 26.0 billion by 2032, at a CAGR of 15.7% during the forecast period.
Moreover, the growing demand for data-driven decision-making and the increasing use of big data analytics, AI, and IoT technologies are driving the adoption of cloud databases and DBaaS solutions. With these technologies becoming more prevalent, organizations are generating and processing massive amounts of data, which requires robust data management systems. Cloud databases and DBaaS solutions are well-suited for this purpose as they offer scalability, high availability, and reliability, enabling organizations to manage and analyze large volumes of data efficiently.
Furthermore, the increasing need for organizations to reduce IT infrastructure costs and complexity is also fueling the growth of the cloud database and DBaaS market. With the adoption of cloud databases and DBaaS solutions, organizations can reduce their hardware and software costs, as well as the costs associated with maintaining and managing on-premises databases. This allows organizations to focus on their core business activities while leaving the management of their databases to cloud service providers.
Overall, the cloud database and DBaaS market is expected to continue growing due to the numerous benefits offered by these solutions, including scalability, flexibility, cost-effectiveness, and ease of management, as well as the increasing demand for data-driven decision-making and the adoption of advanced technologies like AI and IoT.
Report Scope
Report Attributes | Description |
Market Size in 2022 | USD 12.8 Billion |
Market Forecast in 2032 | USD 26.0 Billion |
CAGR % 2023-2031 | 15.7% |
Base Year | 2022 |
Historic Data | 2019-2021 |
Forecast Period | 2023-2031 |
Report USP | Production, Consumption, company share, company heatmap, company production capacity, growth factors and more |
Segments Covered | By Deployment Type, By Database type, By End-user |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | Amazon Web Services, Microsoft Corporation, Google LLC, IBM Corporation, Oracle Corporation, Alibaba Cloud, VMware, Inc., Salesforce.com, Inc., SAP SE, Red Hat, Inc., Hewlett Packard Enterprise Development LP, Cisco Systems, Inc., Dell Technologies, Inc., Fujitsu Limited, Citrix Systems, Inc. |
Driver: Growing demand for scalable and flexible database solutions is propelling Cloud Database and DBaaS Market growth.
One market driving factor for the cloud database and DBaaS market is the growing need for scalable and flexible database solutions. As businesses generate and store increasing amounts of data, traditional on-premise databases may become limited in their ability to handle the workload. Cloud databases and DBaaS offer scalability and flexibility, allowing businesses to easily add or reduce capacity as needed, without having to worry about hardware limitations or manual configuration. This enables businesses to improve their data processing capabilities and reduce costs by paying only for the resources they use. Additionally, the adoption of cloud database and DBaaS solutions has been further accelerated by the increasing popularity of cloud computing and the rise of remote work, which has led to a greater need for secure and accessible remote data management solutions.
Segmentation:
By deployment model, the market can be segmented into:
• Public Cloud
• Private Cloud
• Hybrid Cloud
By database type, the market can be segmented into:
• SQL
• NoSQL
By end-user, the market can be segmented into:
• BFSI
• Retail and E-commerce
• Healthcare
• Government
• IT and Telecommunications
• Others
Geographical Analysis:
North America: North America is the leading market for cloud database and DBaaS, owing to the presence of major market players such as Amazon Web Services, Microsoft, and IBM. Additionally, the region has a high adoption rate of cloud-based solutions across various industries, such as healthcare, BFSI, and retail, which has further fueled the growth of the market.
Europe: Europe is expected to witness significant growth in the cloud database and DBaaS market due to the increasing adoption of cloud-based solutions by small and medium-sized enterprises (SMEs) and large enterprises. Moreover, the favorable government initiatives and increasing investment in cloud-based infrastructure are also driving the growth of the market in the region.
Asia Pacific: The Asia Pacific cloud database and DBaaS market is expected to grow at a significant rate, owing to the increasing adoption of cloud-based solutions by various industries in the region, such as healthcare, BFSI, and manufacturing. Moreover, the growing number of SMEs and startups in the region are also contributing to the growth of the market.
Middle East and Africa: The Middle East and Africa (MEA) cloud database and DBaaS market are expected to witness significant growth in the coming years, owing to the increasing investment by various organizations in cloud-based solutions. Additionally, the growing demand for cost-effective and scalable cloud-based solutions in the region is also driving the growth of the market.
Latin America: The cloud database and DBaaS market in Latin America are expected to witness significant growth in the coming years, owing to the increasing adoption of cloud-based solutions by various industries in the region, such as healthcare, BFSI, and retail. Moreover, the increasing government initiatives and investment in cloud-based infrastructure are also driving the growth of the market in the region.
Recent Development: Global Cloud Database and DBaaS Market
• Google Cloud acquired Cornerstone Technology, a Dutch company that specializes in migrating mainframe workloads to public clouds.
• Informatica, an enterprise cloud data management company, was acquired by private equity firms GTCR and The Canada Pension Plan Investment Board for USD 5.3 billion.
• MongoDB, a leading NoSQL database provider, acquired Realm, a mobile database and synchronization platform, to expand its mobile app development offerings.
• Oracle acquired DataFox, a provider of artificial intelligence and machine learning-based company data and insights, to strengthen its cloud applications and data cloud offerings.
• Salesforce acquired Vlocity, a cloud-based software company specializing in industry-specific customer relationship management (CRM) solutions, for USD 1.33 billion.
• VMware acquired SaltStack, a provider of intelligent automation software for data center and cloud infrastructure, to enhance its software-defined data center and cloud automation capabilities.
Company Profiles:
• Amazon Web Services
• Microsoft Corporation
• Google LLC
• IBM Corporation
• Oracle Corporation
• Alibaba Cloud
• VMware, Inc.
• Salesforce.com, Inc.
• SAP SE
• Red Hat, Inc.
• Hewlett Packard Enterprise Development LP
• Cisco Systems, Inc.
• Dell Technologies, Inc.
• Fujitsu Limited
• Citrix Systems, Inc.
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Competitive analysis: The report reports provide detailed information on competitors' strengths, weaknesses, and strategies, which can help businesses identify potential threats and opportunities in Cloud Database and DBaaS Market.
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