Cloud Database Market Rising Demand and Industry Key Players Revenue Estimation, Sales and Growth Opportunities by Future COVID – 19 Impact Competitive Outlook Forecast By 2027
Market Highlights
Cloud database is a
database service which can be used in storing and managing files through the
cloud. Enterprises can host databases on the cloud without access to hardware.
The ability to scale business at a rapid pace using cloud is likely to lead to
its adoption by businesses of all sizes. The global Cloud
Database Market report compiled by Market Research Future
(MRFR) evaluates various growth opportunities and trends amid the COVID-19
pandemic and changes in business models for the period of 2020 to 2027
(forecast period).
Market Scope
The global cloud database
market is expected to reach USD 21.66 billion growing at 46.78% CAGR over the
forecast period. The advent of internet of things (IoT) and rise of cloud
computing are major drivers of the market. Implementation of cloud databases
for improving service, lowering cost, and expediting services can benefit the
market. Rise in digitization of data and the move towards cloud by
organizations of all sizes can be a golden opportunity for cloud database
providers.
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Rise of application
development and mass computing can drive the adoption of cloud databases by
organizations making it easier for app developers in storing, migrating, and
sharing data. The virtual nature of cloud databases allow it to recover from
crashes and failures in programs quicker and the disposability nature can drive
the market demand in the global cloud database market. It can cover machines
and entire data centers.
But concerns of data
security can impede market growth.
Competitive
Outlook
SAP AG, CenturyLink, CSC
(Computer Science Corporation), Salesforce.com Inc., Google Inc., Oracle,
Amazon.com, Rackspace Inc., IBM, and Microsoft are key players in the global
cloud database market.
Segmentation
By database, the cloud
database market is divided into SQL database and NoSQL database.
By model, this market is
segmented into service model and deployment model. By service model, the market
is further segmented into private cloud, virtual private cloud, public cloud,
and hybrid cloud. Deployment model segmentations include infrastructure as a
service (IaaS), database as a service (DBaaS), and platform as a service
(PaaS). By deployment model, the DBaaS segment can provide security to data
with tight surveillance and software upgrades designed to maintain the
integrity of data stored in the database.
By component, the market
is segmented into software and service. By software the market is segmented
into database application builder, database encryption, data scaling and
replication, backup and recovery, and others. By service, the market is
segmented into training and consulting service, system and network integration
service, and deployment and maintenance service.
By organization size, the
market is segmented into large enterprise and small and medium-sized
enterprise.
By end-user, the market
is segmented into academic, BFSI, healthcare, IT and telecom, government, and
others.
Regional Analysis
The regional
analysis of cloud database market is considered for North America, Europe,
Asia-Pacific, and the rest of the world.
Implementation of
IoT and increasing adoption of cloud-based services in North American countries
such as the US and Canada is expected to dominate the cloud database market
during the assessment period. Several investments and research and developments
are taking place in the US owing to the increasing need for cloud database by
the IT companies. This in turn ensures an enhanced cloud infrastructure coupled
with the provision of network security for the cloud database users.
Increase in the
adoption of security based applications in Asia-Pacific is expected to enhance
the cloud database market. Hence, Asia-Pacific is expected to be the fastest
growing region in the market during the forecast period. Europe is expected to
witness a significant growth in the market owing to the growing need for
managed database solutions from the prominent IT companies investing in the
European markets.
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Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Market Structure
Continued…
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