The global database-as-a-service market reached a value of US$ 16.9 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 56.9 Billion by 2027, exhibiting a CAGR of 21% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Database-as-a-Service (DBaaS) is a cloud computing service that enables users to access cloud database systems without utilizing a database management system on-premises. A cloud service provider manages everything from periodic upgrades to backups to ensure that the database system remains available and secure 24/7. DBaaS offers flexible scalability and integrated management tools, such as logging, key management and activity tracking utilities, which simplify the process of configuring, monitoring, and maintaining databases. Moreover, it helps organizations in risk management, focusing on consumer-targeted marketing, and saving costs for setting, installing and managing database hardware and software. As a result, DBaaS is gaining popularity in small and medium-sized enterprises (SMEs) worldwide.
The increasing sales of smartphones, in confluence with the escalating demand for mobile apps, represents one of the key factors bolstering the market growth. Apart from this, rapid digitization of services in the banking, financial services and insurance (BFSI) sector is increasing the need for managing rising data volume, which, in turn, is contributing to the market growth. Furthermore, the growing prevalence of chronic diseases, the widespread adoption of modern healthcare services and increasing focus on personalized preventive care and health management are resulting in expanding applications of DBaaS in the healthcare industry. Besides this, due to the coronavirus disease (COVID-19) outbreak and lockdowns implemented by governments of various countries, organizations are adopting remote working models and cloud computing services to maintain business continuity. This is driving the demand for DBaaS solutions worldwide to enable the exchange of documents remotely.
Database-as-a-Service (DBaaS) is a cloud computing service that enables users to access cloud database systems without utilizing a database management system on-premises. A cloud service provider manages everything from periodic upgrades to backups to ensure that the database system remains available and secure 24/7. DBaaS offers flexible scalability and integrated management tools, such as logging, key management and activity tracking utilities, which simplify the process of configuring, monitoring, and maintaining databases. Moreover, it helps organizations in risk management, focusing on consumer-targeted marketing, and saving costs for setting, installing and managing database hardware and software. As a result, DBaaS is gaining popularity in small and medium-sized enterprises (SMEs) worldwide.
The increasing sales of smartphones, in confluence with the escalating demand for mobile apps, represents one of the key factors bolstering the market growth. Apart from this, rapid digitization of services in the banking, financial services and insurance (BFSI) sector is increasing the need for managing rising data volume, which, in turn, is contributing to the market growth. Furthermore, the growing prevalence of chronic diseases, the widespread adoption of modern healthcare services and increasing focus on personalized preventive care and health management are resulting in expanding applications of DBaaS in the healthcare industry. Besides this, due to the coronavirus disease (COVID-19) outbreak and lockdowns implemented by governments of various countries, organizations are adopting remote working models and cloud computing services to maintain business continuity. This is driving the demand for DBaaS solutions worldwide to enable the exchange of documents remotely.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global database-as-a-service market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, deployment type, organization size and end user.Breakup by Type:
- SQL
- NoSQL
Breakup by Deployment Type:
- On-Cloud
- On-Premises
Breakup by Organization Size:
- Small Enterprises
- Medium Enterprises
- Large Enterprises
Breakup by End User:
- BFSI
- Healthcare
- Government
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Amazon Web Services, CenturyLink, Google (Alphabet Inc.), IBM, Microsoft Corporation, Oracle, Rackspace Technology Inc. and SAP SE.Key Questions Answered in this Report:
- How has the global database-as-a-service market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global database-as-a-service market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the deployment type?
- What is the breakup of the market based on the organization size?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global database-as-a-service market and who are the key players?
- What is the degree of competition in the industry?
Frequently Asked Questions about the Global Database as a Service Market
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| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | February 2022 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( USD | $ 16.9 Billion |
| Forecasted Market Value ( USD | $ 56.9 Billion |
| Compound Annual Growth Rate | 22.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Database-as-a-Service Market
6 Market Breakup by Type
7 Market Breakup by Deployment Type
8 Market Breakup by Organization Size
9 Market Breakup by End User
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Amazon Web Services
- CenturyLink
- Google (Alphabet Inc.)
- IBM
- Microsoft Corporation
- Oracle
- Rackspace Technology Inc.
- SAP SE.
Methodology
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