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Cloud Database and DBaaS Market Share

Report ID: GMI6212
Published Date: Jul 2023
Report Format: PDF

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Cloud Database and DBaaS Market Share

Major companies operating in the cloud database and DBaaS market are :

Microsoft Corporation
IBM Corporation
NEC Corporation
Thales Group
IDEMIA
Okta, Inc.
TELUS.

These companies are focused on strategic partnerships, new product launches, and commercialization efforts for market expansion. They are also heavily investing in research to introduce innovative products and garner the maximum market revenue.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of cloud database and DBaaS was reached USD 16.3 billion in 2022 and is set to witness over 16.5% CAGR from 2023 to 2032, led by the growing importance of automated monitoring, anomaly detection, predictive analytics, and a user-friendly interfaces.

The relational database type segment exceeded USD 8.5 billion in 2022, due to benefits, such as reliability and consistency.

North America recorded over 35% of the market share in 2022, owing to the increasing adoption of cloud-based technology across numerous industries along with the surge of big data and analytics.

Some of the major cloud database and DBaaS companies include Microsoft Corporation, IBM Corporation, NEC Corporation, Thales Group, IDEMIA, Okta, Inc., and TELUS.