Constant growth in the data generated throughout the industry verticals drives the demand for cloud database and DBaaS market —
Various companies from the industries including insurance, healthcare, and banking sector that are located far off and are predominantly reliant on their digital presence opt for cloud storage to decrease the operational expenses and enhance their efficiency. On the other hand, cloud databases are been extensively utilized in the non-traditional industry verticals such as social networking, online music stores, and online gaming. Hence it is expected that the global cloud database and DBaaS market size is will reach USD 26 billion by 2025.
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The budding use of cloud solutions within the enterprises for essential data storage is driving the growth of the cloud database and DBaaS market in the past few years. Several features such as expenditure saving, accessibility, litheness, and faultless assimilation are provoking businesses to deploy cloud database services.
Based on the database segment, the market is bifurcated into two sub-segments that are SQL, and NoSQL. In 2019, the SQL segment gathered the highest market revenue and it is anticipated to govern the cloud database and DBaaS market throughout the forecast period. However, the NoSQL segment is anticipated to grow at a substantial growth rate over the forecast period. The major share of SQL revenue is likely to come from the North American region, since the presence of Tech companies, as well as BFSI institutions, is the highest within the region.
The report also throws light on various aspects of the global cloud database and DBaaS by assessing the market using value chain analysis. The report covers several qualitative aspects of the cloud database and DBaaS industry in market drivers, market restraints and key industry trends. Furthermore, the report provides an in-depth assessment of the market competition with company profiles of global as well as local vendors.
The global cloud database and DBaaS market have strong competition among the well-established and new emerging players. These market players target to gain a competitive advantage over the other players by participating in partnerships, mergers, and acquisitions and expanding their businesses.
The global cloud database and DBaaS market is a wide range to North America, Europe, APAC, South America, and the Middle East & Africa. North America is considered a mature market in the cloud database and DBaaS storage, owing to an outsized presence of an organization with the availability of technical expertise and advanced IT infrastructure. The US and Canada are the highest contributory countries to the expansion of the cloud database and DBaaS market in North America.
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The major players of the global cloud database and DBaaS market are Google, Microsoft, AWS, IBM, Oracle, Alibaba Cloud, SAP, MongoDB, EnterpriseDB, Redis Labs, Tencent, Rackspace, Teradata, and more. The cloud database and DBaaS market is fragmented with the existence of well-known global and domestic players across the globe.
Segment Overview of Global Internet of Cloud Database and DBaaS Market
Database Overview, 2018-2025 (USD Billion)
Deployment Overview, 2018-2025 (USD Billion)
Vertical Overview, 2018-2025 (USD Billion)
Telecom & IT
Consumer Goods & Retail
Energy & Utilities
Media & Entertainment
Regional Overview, 2018-2025 (USD Billion)
Rest of Europe
Rest of Asia-Pacific
Middle East and Africa
Rest of Middle East and Africa
Rest of South America
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