The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2038

The cloud database and DBaaS market size has grown exponentially in recent years. It will grow from $19.86 billion in 2023 to $24.03 billion in 2024 at a compound annual growth rate (CAGR) of 21%. The growth in the historic period can be attributed to data breaches, regulatory compliance, increased cloud adoption, security incidents, and digital transformation initiatives. The cloud database and DBaaS market size is expected to see exponential growth in the next few years. It will grow to $52.13 billion in 2028 at a compound annual growth rate (CAGR) of 21.4%. The growth in the forecast period can be attributed to IoT expansion, edge computing, AI and machine learning adoption, hybrid and multi-cloud environments, and remote workforce trends. Major trends in the forecast period include increased emphasis on zero trust architecture, rise of cloud-native security solutions, integration of security orchestration and automation, enhanced threat intelligence sharing, and heightened regulatory scrutiny.

The increasing digitalization is expected to propel the growth of the cloud database and DBaaS market going forward. Digitalization refers to the process of leveraging digital technologies to transform business operations, processes, and models. This digital transformation has enabled businesses of all sizes to leverage digital tools to streamline operations, improve decision-making, and create new value propositions. Cloud databases and Database-as-a-Service (DBaaS) offer various database options, including relational and NoSQL databases, allowing businesses to choose the database type that best suits their application requirements. For instance, in May 2023, according to the report published by the European Investment Bank, a Luxembourg-based European Union’s long-term finance institution, in 2022, 42% of European firms invested further in digitalization, marking a 9% point increase compared to 2021. Moreover, one in two firms in the United States, or 50%, pursued additional investment in digitalization during the same period. Therefore, increasing digitalization drives the growth of the cloud database and DBaaS market.

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What Are The Key Trends That Influence Cloud Database And DBaaS Share Analysis?

Major companies in the cloud database and DBaaS market are advancing technologies like proactive self-healing architecture to enhance database management services. This architecture autonomously identifies and rectifies issues within a database environment before they impact performance. For instance, in January 2024, Silk Technologies Inc., a US-based technology firm, launched a Cloud Database as a Service (DBaaS) that offers a comprehensive managed service including patching, monitoring, updates, and optimization across various database platforms. This service allows clients to focus on strategic initiatives while leaving routine management tasks to experienced database administrators (DBAs). It features 24/7 DBA support and a proactive self-healing framework.

Which Market Players Are Driving Growth In The Cloud Database And DBaaS Market?

Major companies operating in the cloud database and dbaas market are Amazon.com Inc., Alphabet Inc., Microsoft Corporation, Huawei Technologies Co. Ltd., Intel Corporation, International Business Machines Corporation (IBM), Cisco Systems Inc., Oracle Corporation, Broadcom Inc., SAP SE, Salesforce Inc., Lumen Technologies Inc., Alibaba Cloud, Palo Alto Networks Inc., Juniper Networks Inc., Fortinet Inc., Akamai Technologies Inc., Rackspace Technology Inc., Check Point Software Technologies Ltd., Trend Micro Inc., CrowdStrike Holdings Inc., Sangfor Technologies Inc., Cloudflare Inc., Barracuda Networks Inc.

How Is The Global Cloud Database And DBaaS Market Segmented?

1) By Component: Solution; Service
2) By Database Type: Not Only Structured Query Language (NoSQL); Relational Database
3) By Deployment: Public; Private; Hybrid
4) By Enterprise Size: Large Size Enterprises; Small And Medium Sized Enterprises (SMEs)
5) By End-use Industry: Information Technology (IT) And Telecommunications; Banking, Financial Services, And Insurance (BFSI); Healthcare; Government And Public Sector; Manufacturing; Automotive; Retail And Consumer Goods; Media And Entertainment; Others End-use Industries

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The Cloud Database And DBaaS Global Market Report 2024 provides an overview of the cloud database and DBaaSmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The cloud database and DBaaS market forecast analyzes cloud database and DBaaS market size, cloud database and DBaaS market share, leading competitor and their market positions.

The Table Of Content For The Cloud Database And DBaaS Market Include

1. Cloud Database And DBaaS Market Executive Summary
2. Cloud Database And DBaaS Market Segments
3. Cloud Database And DBaaS Market Size And Template Market Growth Rate
4.  Key Cloud Database And DBaaS Market Trends
5. Major Cloud Database And DBaaS Market Drivers
……
25. Key Mergers And Acquisitions In The Cloud Database And DBaaS Market
26. Top Cloud Database And DBaaS Companies
27. Cloud Database And DBaaS Market Opportunities And Strategies
28. Cloud Database And DBaaS Market, Conclusions And Recommendations
29. Appendix

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