DUBLIN, March 5, 2020 /PRNewswire/ -- The "Cloud Database and DBaaS Market by Database Type (SQL and NoSQL), Component, Service, Deployment Model, Organization Size, Vertical (BFSI, Telecom and IT, Manufacturing, Healthcare and Life Sciences), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global cloud database and database as a service (DBaaS) market size is expected to grow from an estimated value of USD 12 billion in 2020 to USD 24.8 billion by 2025, rising at a CAGR of 15.7%.
The industry is driven by various factors, such as the rising need for self-driving cloud databases and growing demand to process low-latency queries. However, the privacy and security of the data stored on databases can hinder the growth of the market.
This market study covers the cloud database and DBaaS market size across segments. It aims at estimating the market size and growth potential of this market across different segments: database type, component, service, deployment model, organization size, vertical, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
The services segment is projected to grow at a higher CAGR during the forecast period
With the rising technological advancements, the demand for cloud database and DBaaS solutions is expected to rise. This is projected to fuel the demand for cloud database services. Services offered by most cloud database and DBaaS solution vendors include professional services and managed services.
Cloud database and DBaaS services play a crucial role for every solution vendor as clients expect consultation and implementation of the applicable cloud database and DBaaS solution along with support and maintenance of the provided cloud database and DBaaS solution. Services are sometimes provided by channel partners that help strengthen the geographical reach of solution vendors.
The large enterprises' segment to account for a higher market share during the forecast period
Organizations with more than 1,000 employees are categorized as large enterprises. The trend of digitalization has been increasing extensively among large enterprises. The growing connectivity of bandwidths and mobility trends can be seen more among large enterprises, due to the presence of a huge workforce. The increasing demand for employees to access computing resources and applications from anywhere and at any time has made it complex for enterprises to store and manage their data.
Large enterprises also generate huge amounts of critical business data on a regular basis. Hence, it has become important for them to store and manage their data and avoid redundancy of the data. Large enterprises in the Banking, Financial Services and Insurance (BFSI), telecom and Information Technology (IT), consumer goods and retail, and manufacturing verticals cannot afford to lose customers due to network issues. These enterprises, therefore, are opting to deploy cloud database services.
Organizations are expected to adopt private and hybrid cloud deployments, as these deployment modes have an increasing penetration in the cloud computing landscape and can help organizations serve their clients by delivering better service quality.
Asia Pacific to grow at the highest rate during the forecast period
The cloud database and DBaaS market in Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. In the APAC region, there is a tremendous demand for cloud database solution and services due to the massive and continuous growth of data through various channels, such smartphones and Internet of Things (IoT) devices. China, India, Japan, Australia and New Zealand (ANZ), and Singapore have emerged as undisputed leaders in the cloud database and DBaaS industry.
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Cloud Database and DBaaS Market
4.2 North America: Cloud Database and DBaaS Market, By Database Type and Country, 2020
4.3 Market By Organization Size, 2020-2025
5 Market Overview
5.2 Market Dynamics
188.8.131.52 Rising Need for Self-Driving Cloud Databases
184.108.40.206 Growing Demand to Process Low-Latency Queries
220.127.116.11 Privacy and Security of the Data Stored on Databases
18.104.22.168 Increase in Production of Database Workload
22.214.171.124 Increase in the Growth of NoSQL Database
126.96.36.199 Growing Need to Manage Regulatory and Compliance Policy Needs
5.3 Use Cases
5.3.1 Use Case 1: Redis Labs
5.3.2 Use Case 2: Neo4j
5.3.3 Use Case 3: DataStax
6 Cloud Database and DBaaS Market, By Database Type
6.2 Structured Query Language
6.3 Not Only Structured Query Language
7 Cloud Database and DBaaS Market, By Component
8 Cloud Database and DBaaS Market, By Service
8.2 Professional Services
8.2.3 Support and Maintenance
8.3 Managed Services
9 Cloud Database and DBaaS Market, By Deployment Model
9.2 Public Cloud
9.3 Private Cloud
9.4 Hybrid Cloud
10 Cloud Database and DBaaS Market, By Organization Size
10.2 Large Enterprises
10.3 Small and Medium-Sized Enterprises
11 Cloud Database and DBaaS Market, By Vertical
11.2 Banking, Financial Services and Insurance
11.3 Telecom and IT
11.5 Consumer Goods and Retail
11.7 Energy and Utilities
11.8 Media and Entertainment
11.9 Healthcare and Life Sciences
12 Cloud Database and DBaaS Market, By Region
12.2 North America
12.5 Middle East & Africa
12.6 Latin America
13 Competitive Landscape
13.1.1 New Product Launches/Product Enhancements
13.1.2 Partnerships and Collaborations
13.2 Competitive Leadership Mapping
13.2.1 Visionary Leaders
13.2.3 Dynamic Differentiators
13.2.4 Emerging Companies
14 Company Profiles
14.7 Alibaba Cloud
14.11 Redis Labs
For more information about this report visit https://www.researchandmarkets.com/r/7ncb54
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