Industry Background:
The cloud-based database is a storage system that collects and saves informational content in either a structured or unstructured form. It saves files and data on a server that is connected to the internet, that stays in private, public or hybrid cloud computing infrastructure. The cloud-based database is categorized into relational database (SQL) and nonrelational database (NoSQL) and is deployed by traditional cloud model and database as a service model.This growth is primarily driven by Growing Digitalisation Around the Globe and Need for Managing and Saving a Large Amount of Organisational Data.
Globally, a noticeable market trend is evident Increasing Use of Public Cloud-based Database
. Major Players, such as Oracle Corporation (United States), Amazon Web Services (United States), Microsoft Azure (United States), IBM (United States), Google LLC (United States), Rackspace Inc. (United States), Apache Cassandra (United States), Couchbase, Inc (United States), Salesforce (United States), MongoDB Inc. (United States) and Teradata Corporation (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 16th September 2019, Oracle announced the Oracle Cloud Free Tier including the new Always Autonomous Database and Cloud Infrastructure. and Now, organizations large and small, developers, students, and educators can build, learn, and explore the full functionality of Oracle Autonomous Database and Oracle Cloud Infrastructure, including Compute VMs, Block and Object Storage, and Load Balancer—all of the essentials for developers to build complete applications on Oracle Cloud.
On 12th February 2020, Oracle Corporation announced the availability of the Oracle Cloud Data Science Platform. At the core is Oracle Cloud Infrastructure Data Science, helping enterprises to collaboratively build, train, manage and deploy machine learning models to increase the success of data science projects. Oracle Cloud Infrastructure Data Science automatically selects the most optimal training datasets through AutoML algorithm selection and tuning, model evaluation and model explanation.
Market Drivers
- Growing Digitalisation Around the Globe
- Need for Managing and Saving a Large Amount of Organisational Data
Market Trend
- Increasing Use of Public Cloud-based Database
- Rising Consumption of Cloud-based Database in Large Scale Enterprise
Restraints
- Risk Factor Associated with Cloud Data Protection From Malware Attacks
Opportunities
Surging Data Processing industry Around the World and Growing Number of Medium Scale Enterprise in Developing Economies
Challenges
Limited Database Storage Scalability and Problems with Facilitating Hybrid Cloud and Multicloud Operations Across Cloud-based Database
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Cloud-based Database Study Sheds Light on
The Cloud-based Database Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Cloud-based Database industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cloud-based Database industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.