Cloud Database and DBaaS Market

Cloud Database and DBaaS Market size reached USD 14.2 billion in 2021 and is estimated to reach USD 43.7 billion in 2029 and the market is estimated to grow at a very high CAGR of 15.1% from 2022-2029.

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Key Drivers

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.

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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.

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Regional – Segment Analysis     

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.

Top Market Players

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.

Segments covered in the Report:

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.

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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?

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 Market All-Up
    • Canada Market All-Up
  • 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 Market All-Up
    • Germany Market All-Up
    • Rest of Europe Market All-Up
  • 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 Market All-Up
    • India Market All-Up
    • Rest of Asia-Pacific Market All-Up
  • 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. Market All-Up
    • Brazil Market All-Up
    • Rest of the World Market (remaining countries of LAMEA region) All-Up

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