Global Cloud Database and DBaaS Market to Grow at a CAGR of 15.9% During 2024-2032, Driven by the Efficiency Provided by Such Solutions

North America holds a significant market share of the market due to the presence of leading technology companies such as Google Inc. and Microsoft Corporation, among others, and tech start-ups in the region. There is a rapid adoption of hybrid cloud services as it makes it possible to employ cloud services in a way that best balances workloads, resources, and storage while also maximising efficiency.

Cloud storage efficiently manages data and analyses it with accuracy. Through these services, businesses can access a cloud database system, saving them time by eliminating the need to install software, configure hardware, and set up systems themselves. The growing investments in cloud services to achieve future growth, the increasing trend of digitisation, and the growing demand for smartphones, tablets, and other electronic gadgets expand the cloud database and DBaaS market growth.

Continuous development of cloud solutions and their integration with AI support the market growth. In November 2023, IBM Corporation (NYSE: IBM) collaborated with Amazon Web Services (AWS) on the general release of Amazon Relational Database Service (Amazon RDS) for Db2, a fully managed cloud solution made to simplify the management of data for artificial intelligence (AI) workloads in hybrid cloud environments for database customers.

Customers can access the choice to optimise AI workloads by modernising on-premises, on AWS, or by implementing a hybrid cloud architecture. Amazon RDS for Db2 can assist clients migrating to AWS in automating time-consuming database administrative operations like provisioning, backups, software patching, and monitoring. This helps clients move their current, self-managed Db2 databases to the cloud.

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Market Analysis by Database Type, Component, Service, Deployment Model, Organisation Size, Industry, and Region:

• The market, on the basis of database type, can be divided into Structured Query Language and Not Only Structured Language.

• Based on component, the market can be divided into solution and services.

• On the basis of service, the market can be categorised into professional services and managed services.

• The different deployment models of cloud database and DBaaS include public cloud, private cloud, and hybrid cloud.

• The market, on the basis of organisation size, can be segmented into large enterprises and small and medium-sized enterprises.

• Based on industry, the market can be categorised into banking, financial services, and insurance, telecom and IT, government, consumer goods and retail, manufacturing, energy and utilities, media and entertainment, and healthcare and life sciences, among others.

• The major regional markets for cloud database and DBaaS include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The advantages provided by the managed cloud database services, such as outsourcing database management, scalability, cost-efficiency, high availability, disaster recovery, and security, help expand business operations efficiently.

• Cloud database services usually come with auto-updates, which decreases the organisation’s pressure on maintenance. By enhancing productivity and strategic tasks, a cloud database increases the efficiency of an organisation.

• Technological innovations in database technologies such as cloud-native databases, in-memory databases, and distributed SQL databases are expected to propel the cloud database and DBaaS market expansion in the coming years.

• The growing demand for big data and analytics has increased the demand for high-performance data. As cloud database services efficiently analyse data with high availability and data sovereignty, the adoption of such services is growing.

Key Offerings of the Report:

• The EMR report gives an overview of the global cloud database and DBaaS market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the database types, components, services, deployment models, organisation sizes, industries, and major regions of cloud database and DBaaS.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global cloud database and DBaaS market are IBM Corporation, Oracle Corporation, Microsoft Corporation, Google LLC, and Amazon Web Services, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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