Global Database as a Service Market Size Worth USD 50.24 Billion by 2028| Growth Rate (CAGR) of 17.08 %

Market Overview:

Global Database as a Service Market size was valued at USD 16.66 Billion in 2021 and is projected to reach USD 50.24 Billion by 2028, growing at a CAGR of 17.08 % from 2022 to 2028.The Analysis Period 2023-2030.

Database-as-a-Service (DBaaS) is a cloud computing solution that enables users to access database systems without the need for an on-premises database management system. By outsourcing the management tasks to a cloud service provider, including backups and upgrades, the database system remains constantly available and secure. DBaaS simplifies the process of setting up, monitoring, and managing databases by offering integrated management capabilities like logging, key management, and activity tracking. Moreover, it facilitates risk management, customer-oriented marketing, and cost-savings in terms of hardware and software setup, deployment, and maintenance.

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Top Key Players Covered In Database as a Service Market
• Google LLC
• IBM
• Microsoft Corporation
• Amazon Web Services
• SAP
• EnterpriseDB
• Redis Ltd.
• MongoDB
• Oracle Corporation
• MariaDB and Other Major Players

Market Dynamics:

The Database-as-a-Service (DBaaS) market is experiencing significant growth due to two key drivers: the increasing demand for large storage space and the need for self-driving cloud databases. There is a growing demand for large storage space in various industries. As businesses generate and accumulate massive amounts of data, they require scalable and flexible storage solutions. DBaaS providers offer the ability to scale storage capacity on-demand, allowing businesses to efficiently manage and store their ever-growing datasets. This scalability eliminates the need for businesses to invest in expensive on-premises hardware and infrastructure to accommodate their storage needs.

Opportunity:

One of the significant opportunities in the Database-as-a-Service (DBaaS) market lies in the ability of organizations to test both on-site and cloud-based solutions to minimize their initial capital costs of IT infrastructure. Traditionally, setting up and maintaining an on-premises database infrastructure required substantial upfront investment in hardware, software licenses, and skilled IT personnel. However, DBaaS offers a more cost-effective alternative by eliminating the need for organizations to invest heavily in infrastructure. Instead, they can leverage cloud-based database solutions provided by DBaaS vendors. By adopting DBaaS, organizations can avoid the upfront capital costs associated with hardware procurement, infrastructure setup, and software licenses.

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Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.

Market Segmentation

By Deployment Type
• On-Premise
• Cloud-Based

By Organization Size
• SMEs
• Large Enterprises
• Others

By End-User
• BFSI
• Healthcare
• Others

Regional Analysis In The Database as a Service Market

The market for databases as a service is anticipated to be dominated by the North American region, which is anticipated to hold the largest market share throughout the forecast period. The dominance of the United States and Canada in the DBaaS market is attributable to factors like the widespread usage of DBaaS for industrial purposes with cutting-edge database technology like Microsoft SQL Server, MongoDB, and Elasticsearch. Additionally, the market expansion in this region is boosted by the rising innovation in database as a service by regional players like Microsoft, AWS, and Oracle Corporation. For instance, Microsoft announced the private preview of SQL Server 2022, their flagship database solution, in November 2021.

By Region
• North America (US, Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)

Key Industry Developments In The Database as a Service Market

In August 2021, Teradata Corporation declared successful adoption of its new Teradata Vantage cloud data analytics platform in the first half on 2021. The platform was introduced the previous year.
In August 2021, ScyllaDB declared that NoSQL database is available and companies can able to load their data by using ScyllaDB Cloud on Google Cloud. It delivers high performance with low latency, minimizes data infrastructure costs, and helps with administrative overhead.
In March 2020, Hitachi Vantara entered in strategic collaboration with Informatica and Hitachi Vantara, for the integration of databases to modern NoSQL data platforms like MongoDB to help various organizations. Hitachi Vantara is working with MongoDB for availability of a modernization solution that will enable customers to better move data from traditional data platforms like Oracle to MongoDB.

Report includes Competitor's Landscape:
• Major trends and growth projections by region and country
• Key winning strategies followed by the competitors
• Who are the key competitors in this industry?
• What shall be the potential of this industry over the forecast tenure?
• What are the factors propelling the demand for the Action Figures and Statues?
• What are the opportunities that shall aid in significant proliferation of the market growth?
• What are the regional and country wise regulations that shall either hamper or boost the demand for Action Figures and Statues?
• How has the covid-19 impacted the growth of the market?
• Has the supply chain disruption caused changes in the entire value chain?

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