Cloud Database and DBaaS Market Size - By Component (Solution, Service), By Database Type (Relational Databases, NoSQL Databases, In-memory Databases), By Deployment Model (Public, Private, Hybrid), Organization Size, End Use & Forecast 2023 - 2032

Cloud Database and DBaaS Market Size - By Component (Solution, Service), By Database Type (Relational Databases, NoSQL Databases, In-memory Databases), By Deployment Model (Public, Private, Hybrid), Organization Size, End Use & Forecast 2023 - 2032

Cloud Database and DBaaS  Market Size

Cloud Database and DBaaS Market size was valued at USD 16.3 billion in 2022 and is predicted to register at a CAGR of 16.5% between 2023 and 2032. Data generation and collection are at their peak and growing at a rapid rate. To store & fetch the available data is a challenge with the conventional approaches. With cloud databases and DBaaS, data is now spread over distributed applications & services in the cloud as well as on-premises databases, making it difficult to merge using conventional techniques.

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Cloud databases provide numerous benefits including flexibility, dependability, security, and affordability. It offers a sturdy framework for creating innovative business applications. Furthermore, the integration of e-learning and learning management systems (LMS) in the Cloud Database and DBaaS market has transformed database education. Cloud-based e-learning platforms and Learning Management System (LMS) offer flexible and scalable solutions for delivering comprehensive database training, providing learners with access to a wide range of courses and resources. With real-time tracking and collaborative features, users can easily acquire and refine their database skills in a convenient and accessible manner.
 

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The incorporation of game-based learning in the cloud database and DBaaS market is transforming education by providing interactive and engaging learning experiences. These gamified platforms leverage elements such as challenges, rewards, and leaderboards to make learning complex database concepts enjoyable. With Cloud Database and DBaaS solutions, users can easily access and participate in game-based learning modules, enhancing knowledge retention and fostering a collaborative learning environment.

Cloud databases and DBaaS are expanding in the market owing to their highly advanced technological features. Cloud databases and DBaaS services have some disadvantages that might hinder the cloud database market growth. After committing to one specific provider, the user might encounter difficulties while migrating data to a different cloud provider. This phenomenon is known as vendor lock-in. For medium-to-large businesses that store massive data volumes with one cloud provider, vendor lock-in will become an issue. Due to the humongous volume of data and allied challenges of moving, it might be difficult to switch to another provider.

COVID-19 Impact

The COVID-19 crisis has surged the amounts of data generated from different sources. Working from home is dependent on cloud computing solutions that assist employees in successfully implementing their responsibilities. The cloud database and DBaaS market played a critical role during the pandemic to sustain the workflow of those working from home. The COVID-19 pandemic stressed the requirement for scalable & flexible data management solutions to distant operations and data accessibility for the remote workforce. As organizations started practicing new working models, the requirement for cloud databases and DBaaS has fueled exponentially, leading to high demand for technologies to enable smooth data storage, processing, and analysis.

Cloud Database and DBaaS Market Trends

Artificial Intelligence (AI) will enhance cloud databases, offering features such as automated monitoring, anomaly detection, predictive analytics, and a user-friendly interface. The goal of fully-managed databases is to automate maintenance procedures such as tuning and upgrades. Automated cloud databases enable businesses to quickly recover from errors. System restores and backups are automated in various businesses. Additionally, by providing standardized services and a variety of compliance tools, businesses get to apply configuration standards & policies. Cloud database systems can leverage AI, scaling resources up or down to meet customer demands and derive the best performance and responsiveness.

Cloud Database and DBaaS Market Analysis

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The cloud database and DBaaS market from solutions segment is expected to grow at a CAGR of 16% through 2032. The solutions offer database management solutions and storage options to organizations. Database management solutions have the potential to provide monitoring, governing performance, and administration capabilities to organizations. These solutions can diagnose and troubleshoot issues to optimize the performance of the network. Storage management solutions enable users to utilize storage devices optimally and safeguard the integrity of data for any media on which it resides.

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The cloud database and DBaaS market from relational database segment was reached USD 8.5 billion revenue in 2022. Relational cloud databases let users organize data in predetermined relations to comprehend whether data has a logical correlation. Relational cloud databases are made up of one or more tables with columns and rows. Users can query & change data in these databases using the Structured Query Language (SQL), which uses an established data schema. It functions seamlessly while dealing with huge amounts of structured data due to its reliability and consistency.

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North America cloud database and DBaaS market accounted for 35% of revenue share in 2022. In recent years, there has been a significant rise in the demand for cloud databases in North America. The increasing adoption of cloud-based technology across numerous industries and the rise of big data and analytics are the two factors that are responsible for this growth. Another significant factor influencing the rise of cloud databases in the area is the development of cloud computing. The need for cloud-based data storage solutions is growing as more enterprises are migrating to the cloud.

Cloud Database and DBaaS Market Share

Major companies operating in the cloud database and DBaaS market are

• Microsoft Corporation
• IBM Corporation
• NEC Corporation
• Thales Group
• IDEMIA
• Okta, Inc.
• TELUS.

These companies are focused on strategic partnerships, new product launches, and commercialization efforts for market expansion. They are also heavily investing in research to introduce innovative products and garner the maximum market revenue.

Cloud Database and DBaaS Industry News

• In December 2022, Avien, a cloud database-as-a-service vendor expanded its services with the managed ClickHouse analytics database platform. Kafka, Cassandra, PostgreSQL, and Redis are a few of the open source data technologies that the well-funded firm offers cloud DBaaS services.

This cloud database and DBaaS market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2018 to 2032, for the following segments

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Market, By Component

• Solutions
  • Database management
  • Storage
• Services
  • Professional services
  • Managed services

Market, By Database Type

• Relational databases
• NoSQL databases
• In-memory databases

Market, By Deployment Model

• Public
• Private
• Hybrid

Market, By Organization Size

• SME
• Large enterprises

Market, By End Use

• BFSI
• Healthcare & life sciences
• Retail & e-commerce
• Manufacturing
• Telecom & IT
• Government & public sector
• Media & entertainment
• Others

The above information has been provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Benelux
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Singapore 
• Latin America
  • Brazil
  • Mexico
• MEA
  • South Africa
  • GCC

Frequently Asked Questions (FAQ)

How big is the cloud database and DBaaS market?

The market size of cloud database and DBaaS was reached USD 16.3 billion in 2022 and is set to witness over 16.5% CAGR from 2023 to 2032, led by the growing importance of automated monitoring, anomaly detection, predictive analytics, and a user-friendly interfaces.

How are relational databases driving the cloud database and DBaaS industry growth?

The relational database type segment exceeded USD 8.5 billion in 2022, due to benefits, such as reliability and consistency.

What is the value of the North America cloud database and DBaaS market?

North America recorded over 35% of the market share in 2022, owing to the increasing adoption of cloud-based technology across numerous industries along with the surge of big data and analytics.

Who are the key cloud database and DBaaS companies?

Some of the major cloud database and DBaaS companies include Microsoft Corporation, IBM Corporation, NEC Corporation, Thales Group, IDEMIA, Okta, Inc., and TELUS.