Cloud Database and DBaaS Market is projected to reach USD 32,856 Million by 2027, exhibiting a CAGR of 15.1% during forecast period.

Cloud database is a database service that is built and accessed through the cloud platform. It performs multiple functions similar to the traditional database with the flexibility of cloud computing. A DBaaS is a database cloud service that undertakes the management of underlying infrastructure and resources cloud database and allows companies to take advantages of cloud services. Running a cloud-based database enables businesses to scale up or down the peak workload periods. It also provides database replication across multiple geographical locations, along with backup and recovery options, which reduces security concerns.

To have the edge over the competition by knowing the market dynamics and current trends of “Cloud Database and DBaaS Market,” request for Sample Report here

Growing demand to process low-latency queries, rising need for self-driving cloud database, and increasing use of cloud service for critical data storage are the key factors driving the growth of the Global Cloud Database and DBaaS market. However, multiple other factors, such as seamless integration, cost-efficiency, availability, flexibility, and shift from the traditional database to cloud database, are also propelling the growth of the market. Businesses, including BFSI, healthcare, retail, and others, are located in multiple locations and are mainly dependent on websites. Therefore, such businesses are adopting cloud storage to enhance productivity and decrease the cost of operations. It has been observed that DBaaS platform allows the businesses to reduce more than 30% of the cost of a similarly configured on-premises database platform, and also eliminates the cost of labor required to maintain the onsite database.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Based on the database type, the market is segmented into SQL and NoSQL. Among these, SQL category is expected to grow at a higher CAGR during the forecast period. SQL is a database management system that helps in keeping data organized and voluntarily available through the user interface. Therefore, the need for SQL in the cloud database and DBaaS is majorly due to the increase in data volume. All the data generated from clients is required to be stored somewhere, so SQL works with a relational database and organizes data into columns, rows, and tables, which corresponds to field, files, and records. Hence, SQL helps in getting on-demand access to managed relational databases leading to the growth of the segment.

On the basis of vertical, the market is segmented into BFSI, IT & telecom, government, retail & consumer goods, manufacturing, energy & utility, healthcare, and others. Among these, retail & consumer goods segment is anticipated to lead the market during the forecast period due to the rapid adoption of technology to enhance the level of competitiveness and support business continuity. Presently, with the help of the cloud database and DBaaS, most of the retail & consumer goods enterprises are merging their legacy product information management system with an inventory management system. The technology also helps retail & e-commerce companies to enhance process efficiency, thereby improving customer engagement while reducing operational costs.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Customization here

Based on the region, North America is projected to grow at a higher CAGR during the forecast period. This is attributed to the early adoption of technology in developed countries such as the U.S. and Canada in the region. Enterprises in the region are increasingly adopting multiple advanced technologies such as AI, RPA, and cloud computing, which is fuelling the growth of the market.

The key players in the market include Google LLC, Microsoft Corporation, AWS, IBM Corporation, Oracle Corporation, SAP SE, MongoDB Inc, Rackspace Inc, Teradata Corporation, and CenturyLink Inc., among others.

Key Developments:

• • In 2019, Microsoft Corporation and Oracle Corporation entered into a cloud interoperability partnership that enabled customers to migrate and run mission-critical enterprise workload across Oracle Cloud and Microsoft Azure.
  • In 2019, SAP SE partnered with Microsoft Corporation to accelerate customer adoption of SAP S/4 HANA and SAP cloud platform on Microsoft Azure. In addition, Microsoft Corporation also resells components of the SAP cloud platform along with Microsoft Azure.

The Cloud Database and DBaaS market has been segmented based on Database Type, Component, Deployment Model, Organization Size, and Vertical. Based on the Database Type, the market is segmented into SQL, and NoSQL. Based on the Component, the market is segmented into Solution and Service. Based on Deployment Model, the market is segmented into Public Cloud, Private Cloud, and Hybrid Cloud. Based on the Organization Size, the market is segmented into Large Enterprises, and SMEs. Based on Vertical market is segmented into BFSI, IT & Telecom, Government, Retail & Consumer Goods, Manufacturing, Energy & Utility, Healthcare, and Others.

For detailed scope of the “Cloud Database and DBaaS Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is the global Cloud Database and DBaaS market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global Cloud Database and DBaaS market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Cloud Database and DBaaS market?
  • What are the various verticals in the global Cloud Database and DBaaS market and how they are poised to grow?
  •  What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues (2027)	USD 32,856 Million
Base Year & Forecast Units	Value (USD Million)
Market Segment	By Database Type, By Component, By Deployment Model, By Organization Size, By Vertical
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Google LLC, Microsoft Corporation, AWS, IBM Corporation, Oracle Corporation, SAP SE, MongoDB Inc, Rackspace Inc, Teradata Corporation, and CenturyLink Inc.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation:

Global Cloud Database and DBaaS Market by Database Type

• • Structured Query Language (SQL)
  • Not only Structured Query Language (NoSQL)

Global Cloud Database and DBaaS Market by Component

• • Solution
  • Services
    • Professional Services
    • Managed Services

Global Cloud Database and DBaaS Market by Deployment Model

• • Public Cloud
  • Private Cloud
  • Hybrid Cloud

Global Cloud Database and DBaaS Market by Organization Size

• • Large Enterprises
  • Small and Medium-sized Enterprises (SMEs)

Global Cloud Database and DBaaS Market by Vertical

• • Banking, Financial Services and Insurance (BFSI)
  • IT & Telecom
  • Government
  • Retail & Consumer Goods
  • Manufacturing
  • Energy & Utilities
  • Healthcare
  • Others (Education, Travel and Hospitality, and Transportation)

Global Cloud Database and DBaaS Market by Region

• • North America Cloud Database and DBaaS Market
    Option 1: As a part of the free 25% customization
    • By Database Type
    • By Component
    • By Deployment Model
    • By Organization Size
    • By Vertical
    • US All-Up Cloud Database and DBaaS Market
    • Canada All-Up Cloud Database and DBaaS Market
  • Europe Cloud Database and DBaaS Market
    Option 2: As a part of the free 25% customization
    • By Database Type
    • By Component
    • By Deployment Model
    • By Organization Size
    • By Vertical
    • UK All-Up Cloud Database and DBaaS Market
    • Germany All-Up Cloud Database and DBaaS Market
    • Rest of Europe All-Up Cloud Database and DBaaS Market
  • Asia-Pacific Cloud Database and DBaaS Market
    Option 3: As a part of the free 25% customization
    • By Database Type
    • By Component
    • By Deployment Model
    • By Organization Size
    • By Vertical
    • China All-Up Cloud Database and DBaaS Market
    • India All-Up Cloud Database and DBaaS Market
    • Rest of Asia-Pacific All-Up Cloud Database and DBaaS Market
  • Rest of World Cloud Database and DBaaS Market
    Option 4: As a part of the free 25% customization
    • By Database Type
    • By Component
    • By Deployment Model
    • By Organization Size
    • By Vertical
    • U.A.E. All-Up Cloud Database and DBaaS Market
    • Brazil All-Up Cloud Database and DBaaS Market
    • Rest of the World (remaining countries of LAMEA region) All-Up Cloud Database and DBaaS Market

Leading Market Players (Option 5: As a part of the free 25% customization – Profiles of 5 Additional Companies of your Choice)

• • Google LLC
  • Microsoft Corporation
  • AWS
  • IBM Corporation
  • Oracle Corporation
  • SAP SE
  • MongoDB Inc.
  • Rackspace Inc.
  • Teradata Corporation