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Cloud Database And DBaaS Market Anticipated To Witness Robust Growth, Surpassing $63.19 Billion By 2029
Cloud Database And DBaaS Market
What Is the Current Cloud Database And DBaaS Market Size and Its Estimated Growth Rate?
The cloud database and DBaaS market is projected to grow from $24.03 billion in 2024 to $29.23 billion in 2025, at a CAGR of 21.6%. Growth is attributed to increasing data breaches, regulatory compliance, greater cloud adoption, security incidents, and digital transformation efforts.
The cloud database and DBaaS market is expected to grow significantly, reaching $63.19 billion in 2029 with a CAGR of 21.3%. This growth is driven by IoT expansion, hybrid cloud environments, and remote work trends. Key trends include a focus on zero trust architecture, cloud-native security solutions, and enhanced regulatory scrutiny.
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How Are Emerging Segments Shaping the Cloud Database And DBaaS Market Landscape?
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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Which Growth Factors Are Influencing Cloud Database And DBaaS Market Expansion?
The rise in digitalization is expected to fuel the growth of the cloud database and DBaaS market. Digitalization refers to leveraging digital technologies to enhance business operations, processes, and models. This transformation enables businesses of all sizes to streamline operations, improve decision-making, and create new value propositions. Cloud databases and Database-as-a-Service (DBaaS) provide various database options, such as relational and NoSQL databases, allowing businesses to choose the best fit for their needs. In May 2023, the European Investment Bank highlighted that 42% of European firms invested more in digitalization in 2022, a 9% increase from 2021. In the U.S., 50% of firms made similar investments. This surge in digitalization supports the growth of the cloud database and DBaaS market.
Who Are the Dominant Players Across Different Cloud Database And DBaaS Market Segments?
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 Cloud Database And DBaaS Market Trends Are Gaining Traction Across Different Segments?
Major companies in the cloud database and DBaaS market are creating advanced technologies, such as proactive self-healing architecture for database management, to enhance their services. This self-healing architecture autonomously identifies and resolves database issues before they affect performance. For example, in January 2024, Silk Technologies Inc. launched a Cloud Database as a Service (DBaaS) offering, providing customers with managed cloud database services that include patching, monitoring, updates, and optimization for major database platforms. The service helps businesses focus on strategic goals by managing routine tasks through experienced database administrators, with 24/7 support and a self-healing framework.
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Which Geographic Regions Are Expected to Dominate the Cloud Database And DBaaS Market in the Coming Years?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Cloud Database And DBaaS Market?
2. What is the CAGR expected in the Cloud Database And DBaaS Market?
3. What Are the Key Innovations Transforming the Cloud Database And DBaaS Industry?
4. Which Region Is Leading the Cloud Database And DBaaS Market?
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