Cloud Database and DBaaS Global Market Report 2024

The cloud database and DBaaS market size has grown exponentially in recent years. It will grow from $19.86 billion in 2023 to $24.03 billion in 2024 at a compound annual growth rate (CAGR) of 21%. The expansion observed in the historical period can be attributed to factors such as data breaches, regulatory compliance requirements, the surge in cloud adoption, security incidents, and digital transformation initiatives.

The cloud database and DBaaS market size is expected to see exponential growth in the next few years. It will grow to $52.13 billion in 2028 at a compound annual growth rate (CAGR) of 21.4%. The anticipated growth in the forecast period is driven by the expansion of the Internet of Things (IoT), the emergence of edge computing, the adoption of artificial intelligence and machine learning, the prevalence of hybrid and multi-cloud environments, and trends related to remote workforce practices. Key trends expected in the forecast period include a heightened focus on zero trust architecture, the rise of cloud-native security solutions, the integration of security orchestration and automation, increased sharing of threat intelligence, and intensified regulatory scrutiny.

The increasing digitalization is expected to propel the growth of the cloud database and DBaaS market going forward. Digitalization involves leveraging digital technologies to revolutionize business operations, processes, and models, empowering businesses of all sizes to optimize operations, enhance decision-making, and innovate value propositions. Cloud databases and Database-as-a-Service (DBaaS) solutions offer a range of database options, including relational and NoSQL databases, enabling businesses to select the most suitable database type for their specific application needs. For instance, a report published by the European Investment Bank in May 2023 revealed that in 2022, 42% of European firms increased their investment in digitalization, representing a 9% point rise compared to 2021. Similarly, 50% of firms in the United States pursued additional digitalization investments during the same period. Hence, the upward trajectory of digitalization fuels the growth of the cloud database and DBaaS market.

Key players in the cloud database and DBaaS market are prioritizing the development of advanced technologies such as proactive self-healing architecture for database management to expand their service offerings. Proactive self-healing architecture for database management refers to a system that autonomously detects and resolves issues within a database environment before they impact performance. For instance, in January 2024, Silk Technologies Inc., a US-based technology company, unveiled a Cloud Database as a Service (DBaaS) solution, offering customers a comprehensive managed cloud database service encompassing patching, monitoring, updates, and optimization for various major database platforms. This service empowers customers to focus on strategic initiatives by delegating routine management tasks to seasoned database administrator (DBA) teams. It includes round-the-clock DBA support and a proactive self-healing framework for database administration.

In May 2022, NetApp Inc., an intelligent data infrastructure company headquartered in the US, acquired Instaclustr for an undisclosed sum. This strategic acquisition enables NetApp to provide fully managed open-source databases and other applications as a service, simplifying the deployment process for customers and enhancing their cloud experience. Instaclustr is a US-based provider of cloud databases and DBaaS solutions.

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.

North America was the largest region in the cloud database and DBaaS market in 2023. 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. The countries covered in the cloud database and DBaaS market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A cloud database is a service provided through a cloud computing platform, offering scalable storage and computing resources. Database as a Service (DBaaS) is a specific category within cloud databases, where the service provider manages tasks such as installation, configuration, and maintenance, allowing users to focus solely on utilizing the database for their applications or services.

The primary components of cloud databases and DBaaS are solutions and services. A cloud database solution involves storing and managing data on a remote server accessible via the internet, while DBaaS provides cloud-based database management, enabling users to access and utilize databases without the need for on-premises infrastructure or management. Database types include structured query language (SQL), NoSQL, and relational databases, with deployment options spanning public, private, and hybrid models. These solutions cater to various enterprise sizes, including large enterprises and small and medium-sized enterprises (SMEs), and find application across diverse industries such as 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, among others.

The cloud database and DBaaS market research report is one of a series of new reports that provides cloud database and DBaaS market statistics, including cloud database and DBaaS industry global market size, regional shares, competitors with a cloud database and DBaaS market share, detailed cloud database and DBaaS market segments, market trends and opportunities, and any further data you may need to thrive in the cloud database and DBaaS industry. This cloud database and DBaaS market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The cloud database and DBaaS market consists of revenues earned by entities by providing services such as database provisioning and management, managed databases, data storage, backup, security, and scalability. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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