November 22nd, 2022
The Global Database as a Service Market size was valued at USD 16.66 Billion in 2021 and is projected to reach USD 50.24 Billion by 2028, growing at a CAGR of 17.08 % from 2022 to 2028.
Users of Database as a Service (DBaaS), a cloud computing service, can access cloud database systems without using an on-premises database management system. A cloud service provider manages everything, including recurring backups and upgrades, to ensure the database system is always accessible and secure. The process of setting up, monitoring, and managing databases is simplified by DBaaS's built-in management capabilities, such as logging, key management, and activity tracking utilities. Additionally, it supports risk management, consumer-focused marketing, and cost savings for configuring, deploying, and maintaining database hardware and software. As a result, DBaaS is becoming increasingly popular among small and medium-sized enterprises (SMEs) around the world. One of the major drivers of market growth is the rise in smartphone sales, which coincides with the growing demand for mobile applications.
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The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the Database as a Service market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the Database as a Service market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Leading Key Players Covered in Database as a Service Market:
· Google LLC
· Microsoft Corporation
· Amazon Web Services
· Redis Ltd.
· Oracle Corporation
· MariaDB and Other Major Players
Due to the coronavirus disease (COVID-19) outbreak and lockdowns put in place by governments in various countries, organizations are adopting remote work models and cloud computing services to maintain business continuity. This is driving the demand for DBaaS solutions worldwide to enable remote document exchange.
Market Segmentation: -
By Deployment Type:-
By Organization Size:-
· Large Enterprises
· North America (U.S., Canada, Mexico)
· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
· South America (Brazil, Argentina, Rest of SA)
The Database -As-A-Service market research includes a detailed analysis of the market using up-to-date business opportunities, overview, forecast, challenges, trends, market dynamics, size and growth, and analysis of important competitors. The Database -As-A-Service market study identifies the primary drivers of development as well as the leading industry competitors' difficulties. The report presents a comprehensive overview as well as precise figures on income generated by the player over the period. In addition, it assesses the potential impact of propellants and limitations on Database -As-A-Service market
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The future outlook for market size in the second half of 2020 and beyond remains ambiguous. During the forecast period, the overall BDaaS services market is expected to grow at a significant CAGR. The market expansion is largely due to increased investment in cloud-based solutions in countries not affected by the novel coronavirus.
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