In a recently published report, Cloud Database and DBaaS Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Cloud Database and DBaaS Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.
Global Cloud Database and DBaaS Market is valued approximately USD 10.37 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 15.7 % over the forecast period 2019-2026. A cloud Database operates on a cloud computing platform where access to the database is provided as a service. Consumers can both use ready-to-use machine pictures that already consist of an optimized fixing of a database or upload their individual mechanism image along with the database installed on it, or. The Database as a service model application evades the users with the trouble to install and maintain the database themselves.
The database service provider owns and maintains the database. The rising need for self-driving cloud databases drives the market for Cloud Database and DBaaS. Further, the escalating use of cloud service for data storage space fuels the market growth. As it provides features such as accessibility, expenditure, upgradation, savings and more. these features have propelled multiple companies to relocate their information on the cloud. Most of these companies belong to the healthcare sector, banking sector and insurance division.
These companies are mainly reliant on their website and hence choose cloud storage to reduce expenditure of operations and increase efficiency. Hence the growing use of these cloud storage in healthcare through healthcare management systems, electronic health records drives the market growth. While growing demand for net banking, online transactions and mobile banking increases the demand for cloud database market. However, rising privacy and security of the Data Stored on Databases impedes the growth of the market over the forecast period of 2020-2026. Although increase in growth of NoSQL Database presents an opportunistic market during the forecast period. Also, the use of these cloud databases for non traditional divisions such as music stores, social networking and online gaming present booming trend for the market.
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The regional analysis of global Cloud Database and DBaaS market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the early adoption of technology coupled with presence of high-speed internet to access the cloud network. Moreover, the presence of major cloud database and DBaaS vendors in the region to drive market growth. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026. Factors such as growing need for advanced intelligent solutions would create lucrative growth prospects for the Cloud Database and DBaaS market across Asia-Pacific region.
Major market player included in this report are:
Google LLC (US)
Microsoft Corporation (US)
Amazon Web Services (AWS)(US)
IBM (US)
Oracle Corporation (US)
Alibaba Cloud (China)
SAP SE (Germany)
MongoDB (US)
EnterpriseDB (US)
Redis Labs (US)
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Database Type:
Structured Query Language (SQL)
Not only Structured Query Language (NoSQL)
By Component:
Solution
Services
By Deployment Model:
Public Cloud
Private Cloud
Hybrid Cloud
By Vertical:
Banking, Financial Services and Insurance (BFSI)
Telecom and Information Technology (IT)
Government
Consumer Goods and Retail
Manufacturing
Energy and Utilities
Media and Entertainment
Healthcare and Life Sciences
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017, 2018
Base year – 20198
Forecast period – 2020 to 2026
Target Audience of the Global Cloud Database and DBaaS Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Billion)
1.2.1. Cloud Database and DBaaS Market, by Region, 2018-2026 (USD Billion)
1.2.2. Cloud Database and DBaaS Market, by Database Type, 2018-2026 (USD Billion)
1.2.3. Cloud Database and DBaaS Market, by Component, 2018-2026 (USD Billion)
1.2.4. Cloud Database and DBaaS Market, by Deployment Model, 2018-2026 (USD Billion)
1.2.5. Cloud Database and DBaaS Market, by Vertical, 2018-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Cloud Database and DBaaS Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Cloud Database and DBaaS Market Dynamics
3.1. Cloud Database and DBaaS Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Cloud Database and DBaaS Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Cloud Database and DBaaS Market, by Database Type
5.1. Market Snapshot
5.2. Global Cloud Database and DBaaS Market by Database Type, Performance – Potential Analysis
5.3. Global Cloud Database and DBaaS Market Estimates & Forecasts by Database Type 2016-2026 (USD Billion)
5.4. Cloud Database and DBaaS Market, Sub Segment Analysis
5.4.1. Structured Query Language (SQL)
5.4.2. Not only Structured Query Language (NoSQL)
Chapter 6. Global Cloud Database and DBaaS Market, by Component
6.1. Market Snapshot
6.2. Global Cloud Database and DBaaS Market by Component, Performance – Potential Analysis
6.3. Global Cloud Database and DBaaS Market Estimates & Forecasts by Component 2016-2026 (USD Billion)
6.4. Cloud Database and DBaaS Market, Sub Segment Analysis
6.4.1. Solution
6.4.2. Services
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