Database Platform as a Service Market Scope
A database platform as a service (dbPaaS) is any database management system (DBMS) or data store engineered as a scalable, elastic, multitenant subscription service with a degree of self-service. It is offered and supported by a cloud service provider (CSP) or a third-party software merchant on CSP infrastructure. Direct access to system services, like the OS and storage software, isn't allowed. DMPaaS is created available from a local cloud managed by SMS providing all the platform features to SMS clients on a unique payment basis with no capital investment. With DMPaaS you get access to a single storage space (sized according to your needs) that allows you to store your massive data in a single convenient place to manage your data the way your business requires: share files and folders with those who need them and any changes made will be synchronized to give everyone access to the latest data available; version control, obviously, plays a very important role.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Amazon Web Services (United States), Microsoft (United States), Google (United States), Snowflake Computing (United States), Salesforce (United States), Alibaba Cloud (China), Database Labs (United States), Teradata (United States), SAP (Germany), Citus Data, Inc. (United States) and Instaclustr (United States) |
CAGR | % |
The companies are exploring the market by adopting expansions, investments, and new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Database Platform as a Service market throughout the predicted period.
Amazon Web Services (United States), Microsoft (United States), Google (United States), Snowflake Computing (United States), Salesforce (United States), Alibaba Cloud (China), Database Labs (United States), Teradata (United States), SAP (Germany), Citus Data, Inc. (United States) and Instaclustr (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 EnterpriseOB (United States), IBM (United States), MLab (United States) and MongoDB (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 Database Platform as a Service market by Type , by Application (BFSI, Healthcare and Life Sciences, Retail, Telecommunications, Government and defense, Manufacturing, Energy and Others) and Region with country level break-up.
On the basis of geography, the market of Database Platform as a Service has been segmented into South America (Brazil, Argentina, Chile, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Singapore, Indonesia, Thailand, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Sweden, Belgium, Finland, Denmark, Russia, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In October 2023, MongoDB, the document database giant, acquired Realm, a mobile-focused database platform. This move strengthens MongoDB's mobile presence and expands its offerings for developers building real-time applications.
In October 2023, Amazon Web Services (AWS) launched the second generation of its serverless database offering, Aurora Serverless v2. It boasts improved scalability, performance, and cost optimization, making serverless databases even more attractive for dynamic workloads.
Influencing Trend:
Enterprise IT Becomes a Service Provider to the Business Organization and The Cloud Platform Continuum
Market Growth Drivers:
Expenditure on Artificial Intelligence and Technological Advancement for Workflow Optimization and Increasing Demand for Enhancing Consumer Experience
Challenges:
Lack of Skilled Professionals
Restraints:
Risks Associated with Data Breaches And Hacks and Interoperability Issues
Opportunities:
Technological Improvement in DpaaS Services and The Emerging Demand from Developing Nations
Key Target Audience
Database Platform as a Service (DPaaS) Key Stakeholders, Regulatory & government Bodies, Downstream Vendors, End Users and Others