Cloud Database and DBaaS Market Scope
Database as a service (DBaaS) is the process in which owner is paying for database management to outside service provider that actually involved in launching and maintaining database with the help of the cloud computing. Cloud Database and DBaaS (Database as a service) allows storing of database virtually on cloud. This model helps in optimized fixing of a database. Additionally, administrative tasks and maintenance of the database are done by the service providers themselves. Database-as-a-Service (DBaaS) is the fastest growing cloud service as it provides developments in productivity, performance, standardization, and data security of databases. Additionally, it helps in increasing scalability and elasticity that helps in database management.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Oracle Corporation (United States), IBM Corporation (United States), SAP AG (Germany), Microsoft Corporation (United States), Salesforce.com (United States), Amazon (United States), Google Inc. (United States) and Rackspace (United States) |
CAGR | 9.4% |
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Cloud Database and DBaaS market throughout the predicted period.
Oracle Corporation (United States), IBM Corporation (United States), SAP AG (Germany), Microsoft Corporation (United States), Salesforce.com (United States), Amazon (United States), Google Inc. (United States) and Rackspace (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Century Link Inc. (United States) and Computer Science Corporation (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Cloud Database and DBaaS market by Type , by Application (Small Enterprises, Medium Enterprises and Big Enterprises) and Region with country level break-up.
On the basis of geography, the market of Cloud Database and DBaaS has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In March 2020, MongoDB entered into a partnership with Informatica and Hitachi Vantara Pentaho to make developments in applications running on cloud database system for modernization of the business and organizations.
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.
Influencing Trend:
Automated backup is provided to reduce the risk of loosing data and Enhance scalability and elasticity due to advanced integration
Market Growth Drivers:
Effective and flexible storage of database is becoming necessary and Emergence of virtualization in storing IT resources
Challenges:
Security issues
Restraints:
Security Threats due to hackers and Complications in Cloud Integration
Opportunities:
Database workload is increasing day-by-day and Additional integration in software to increase its operational efficiency
Key Target Audience
Technology Investors, Research/Consultancy firms, Technology Solution Providers, Government Bodies, Regulatory agencies and Corporate