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Cloud Database and DBaaS Market Trends

  • Report ID: GMI6212
  • Published Date: Dec 2024
  • Report Format: PDF

Cloud Database and DBaaS Market Trends

Artificial Intelligence (AI) will enhance cloud databases, offering features such as automated monitoring, anomaly detection, predictive analytics, and a user-friendly interface. The goal of fully managed databases is to automate maintenance procedures such as tuning and upgrades. Automated cloud databases enable businesses to quickly recover from errors. System restores and backups are automated in various businesses. Additionally, by providing standardized services and a variety of compliance tools, businesses get to apply configuration standards & policies. Cloud database systems can leverage AI, scaling resources up or down to meet customer demands and derive the best performance and responsiveness.
 

Cloud databases and DBaaS are expanding in the market owing to their highly advanced technological features. Cloud databases and DBaaS services have some disadvantages that might hinder the cloud database market growth. After committing to one specific provider, the user might encounter difficulties while migrating data to a different cloud provider. This phenomenon is known as vendor lock-in. For medium-to-large businesses that store massive data volumes with one cloud provider, vendor lock-in will become an issue. Due to the humongous volume of data and allied challenges of moving, it might be difficult to switch to another provider.
 

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of cloud database and DBaaS reached USD 22 billion in 2024 and is set to grow at a 19.5% CAGR from 2025 to 2034, driven by the increasing data traffic and demand for high-speed connectivity.

The relational databases segment held a 53.6% market share in 2024 due to their reliability and consistency in handling large amounts of structured data.

The North America market accounted for 30% of the revenue share in 2024, driven by the increasing adoption of cloud-based technology and the rise of big data and analytics.

The key players in the industry include Alibaba Cloud, AWS, Google, IBM Corporation, IDEMIA, Microsoft, NEC Corporation, Oracle, SAP SE, and Thales Group.

Cloud Database and DBaaS Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 20
  • Tables & Figures: 270
  • Countries covered: 21
  • Pages: 175
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