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Cloud Database and DBaaS Market Trends

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

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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.

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.