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How has the cloud database and dbaas market grown over the years?

The cloud database and DBaaS market has grown exponentially in recent years. It will grow from $24.03 billion in 2024 to $29.23 billion in 2025, at a compound annual growth rate (CAGR) of 21.6%. Growth drivers include data breaches, regulatory compliance requirements, the increased adoption of cloud services, security concerns, and ongoing digital transformation initiatives.

What Is the forecasted market size and growth rate for the cloud database and dbaas market?

The cloud database and dbaas market is projected to grow to $63.19 billion by 2029 at a 21.3% CAGR. Growth is attributed to IoT expansion, edge computing, and the rise of hybrid cloud environments. Key trends include zero-trust architecture, cloud-native security solutions, and enhanced threat intelligence.

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What are the major factors driving growth in the cloud database and dbaas market?

The increasing digitalization is anticipated to drive the growth of the cloud database and DBaaS market. Digital transformation allows businesses to streamline operations and enhance decision-making. Cloud databases and Database-as-a-Service (DBaaS) offer flexible solutions for storing and managing data. In May 2023, the European Investment Bank reported that 42% of European firms invested in digitalization, a 9% increase from 2021. This rising digitalization is expected to foster the growth of the cloud database and DBaaS market.

What key areas define the segmentation of the global cloud database and dbaas Market?

The cloud database and dbaas market covered in this report is 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

Subsegments:

1) By Solution: Relational Cloud Databases, Nosql Cloud Databases, In-memory Cloud Databases, Newsql Cloud Databases, Multi-Model Cloud Databases, Hybrid Cloud Databases

2) By Service: Database Hosting Services, Database Migration Services, Database Backup And Recovery Services, Database Monitoring And Management Services, Database Security Services, Database Integration Services, Database Analytics And Optimization Services

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What are the top market players propelling the growth of the cloud database and dbaas industry?

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.

What are the key trends shaping the future of the cloud database and dbaas market?

Companies in the cloud database and DBaaS market are working on technologies like proactive self-healing architecture for database management to improve service offerings. A proactive self-healing architecture autonomously detects and resolves database issues before they affect performance. In January 2024, Silk Technologies Inc., a US-based tech company, launched a Cloud Database as a Service (DBaaS) with comprehensive managed services. This service includes patching, monitoring, and optimization, with a self-healing framework to allow customers to focus on strategic initiatives.

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What regions are dominating the cloud database and dbaas market growth?

North America was the largest region in the cloud database and DBaaS market in 2024. The regions covered in the cloud database and DBaaS market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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