How Cloud Database and DBaaS Market Players have Encountered Temporary Covid-19 Tailwinds; Worth Watching New Growth Cycle

Cloud Database and DBaaS Market Latest Edition Published with Forecast to 2030


The article cited AMA's "Global Cloud Database and DBaaS Market Study" explored CAGR of 9.4%. According to the report, Automated backup is provided to reduce the risk of loosing data is one of the primary growth factors for the market. Effective and flexible storage of database is becoming necessary is also expected to contribute significantly to the Cloud Database and DBaaS market. Overall, Small Enterprises applications of Cloud Database and DBaaS, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.

New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global Cloud Database and DBaaS market identified that the demand is rising in many different parts of the world as "Database workload is increasing day-by-day ". Furthermore, some recent industry insights like "In November, 2023 IBM announced at AWS re:Invent 2023 that it has been working with Amazon Web Services (AWS) on the general availability of Amazon Relational Database Service (Amazon RDS) for Db2, a fully managed cloud offering designed to make it easier for database customers to manage data for artificial intelligence (AI) workloads across hybrid cloud environments." which is constantly making the industry very dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Cloud Database and DBaaS market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Cloud Database and DBaaS market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Cloud Database and DBaaS market size is calculated using market estimation process, the Cloud Database and DBaaS market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Cloud Database and DBaaS market size has been validated using both top-down and bottom-up approaches.

Praveen Kumar

Head & Director of Sales