Dublin, March 04, 2020 (GLOBE NEWSWIRE) -- The "Cloud Database and DBaaS Market by Database Type (SQL and NoSQL), Component, Service, Deployment Model, Organization Size, Vertical (BFSI, Telecom and IT, Manufacturing, Healthcare and Life Sciences), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global cloud database and dtabase as a service (DBaaS) market size is expected to grow from an estimated value of USD 12.0 Billion in 2020 to USD 24.8 Billion by 2025, at a CAGR of 15.7%.
The cloud database and DBaaS industry is driven by various factors, such as the rising need for self-driving cloud databases and growing demand to process low-latency queries. However, the privacy and security of the data stored on databases can hinder the growth of the market.
The services segment is projected to grow at a higher CAGR during the forecast period
With the rising technological advancements, the demand for cloud database and DBaaS solutions is expected to rise. This is projected to fuel the demand for cloud database services. Services offered by most cloud database and DBaaS solution vendors include professional services and managed services. Cloud database and DBaaS services play a crucial role for every solution vendor as clients expect consultation and implementation of the applicable cloud database and DBaaS solution along with support and maintenance of the provided cloud database and DBaaS solution. Services are sometimes provided by channel partners that help strengthen the geographical reach of solution vendors.
The large enterprises' segment to account for a higher market share during the forecast period
Organizations with more than 1,000 employees are categorized as large enterprises. The trend of digitalization has been increasing extensively among large enterprises. The growing connectivity of bandwidths and mobility trends can be seen more among large enterprises, due to the presence of a huge workforce. The increasing demand for employees to access computing resources and applications from anywhere and at any time has made it complex for enterprises to store and manage their data. Large enterprises also generate huge amounts of critical business data on a regular basis. Hence, it has become important for them to store and manage their data and avoid redundancy of the data.
Large enterprises in the Banking, Financial Services and Insurance (BFSI), telecom and Information Technology (IT), consumer goods and retail, and manufacturing verticals cannot afford to lose customers due to network issues. These enterprises, therefore, are opting to deploy cloud database services. Organizations are expected to adopt private and hybrid cloud deployments, as these deployment modes have an increasing penetration in the cloud computing landscape and can help organizations serve their clients by delivering better service quality.
Asia Pacific to grow at the highest rate during the forecast period
The cloud database and DBaaS market in Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. In the APAC region, there is a tremendous demand for cloud database solution and services due to the massive and continuous growth of data through various channels, such smartphones and Internet of Things (IoT) devices. China, India, Japan, Australia and New Zealand (ANZ), and Singapore have emerged as undisputed leaders in the cloud database and DBaaS industry.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Cloud Database and DBaaS Market
4.2 North America: Cloud Database and DBaaS Market, By Database Type and Country, 2020
4.3 Market By Organization Size, 2020-2025
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Need for Self-Driving Cloud Databases
5.2.1.2 Growing Demand to Process Low-Latency Queries
5.2.2 Restraints
5.2.2.1 Privacy and Security of the Data Stored on Databases
5.2.3 Opportunities
5.2.3.1 Increase in Production of Database Workload
5.2.3.2 Increase in the Growth of NoSQL Database
5.2.4 Challenges
5.2.4.1 Growing Need to Manage Regulatory and Compliance Policy Needs
5.3 Use Cases
5.3.1 Use Case 1: Redis Labs
5.3.2 Use Case 2: Neo4j
5.3.3 Use Case 3: DataStax
6 Cloud Database and DBaaS Market, By Database Type
6.1 Introduction
6.1.1 Database Type: Market Drivers
6.2 Structured Query Language
6.3 Not Only Structured Query Language
7 Cloud Database and DBaaS Market, By Component
7.1 Introduction
7.1.1 Component: Market Drivers
7.2 Solution
7.3 Services
8 Cloud Database and DBaaS Market, By Service
8.1 Introduction
8.1.1 Services: Market Drivers
8.2 Professional Services
8.2.1 Consulting
8.2.2 Implementation
8.2.3 Support and Maintenance
8.3 Managed Services
9 Cloud Database and DBaaS Market, By Deployment Model
9.1 Introduction
9.1.1 Deployment Model: Market Drivers
9.2 Public Cloud
9.3 Private Cloud
9.4 Hybrid Cloud
10 Cloud Database and DBaaS Market, By Organization Size
10.1 Introduction
10.1.1 Organization Size: Market Drivers
10.2 Large Enterprises
10.3 Small and Medium-Sized Enterprises
11 Cloud Database and DBaaS Market, By Vertical
11.1 Introduction
11.1.1 Services: Market Drivers
11.2 Banking, Financial Services and Insurance
11.3 Telecom and IT
11.4 Government
11.5 Consumer Goods and Retail
11.6 Manufacturing
11.7 Energy and Utilities
11.8 Media and Entertainment
11.9 Healthcare and Life Sciences
11.10 Others
12 Cloud Database and DBaaS Market, By Region
12.1 Introduction
12.2 North America
12.2.1 North America: Market Drivers
12.2.2 United States
12.2.3 Canada
12.3 Europe
12.3.1 Europe: Market Drivers
12.3.2 United Kingdom
12.3.3 Rest of Europe
12.4 Asia Pacific
12.4.1 Asia Pacific: Market Drivers
12.4.2 China
12.4.3 Rest of Asia Pacific
12.5 Middle East and Africa
12.5.1 Middle East and Africa: Market Drivers
12.5.2 Kingdom of Saudi Arabia
12.5.3 Rest of Middle East and Africa
12.6 Latin America
12.6.1 Latin America: Market Drivers
12.6.2 Brazil
12.6.3 Mexico
12.6.4 Rest of Latin America
13 Competitive Landscape
13.1 Introduction
13.1.1 New Product Launches/Product Enhancements
13.1.2 Partnerships and Collaborations
13.1.3 Acquisitions
13.2 Competitive Leadership Mapping
13.2.1 Visionary Leaders
13.2.2 Innovators
13.2.3 Dynamic Differentiators
13.2.4 Emerging Companies
14 Company Profiles
14.1 Introduction
14.2 Google
14.3 Microsoft
14.4 AWS
14.5 IBM
14.6 Oracle
14.7 Alibaba Cloud
14.8 SAP
14.9 Mongodb
14.10 EnterpriseDB
14.11 Redis Labs
14.12 Tencent
14.13 Rackspace
14.14 Teradata
14.15 CenturyLink
14.16 Neo4j
14.17 DataStax
14.18 TigerGraph
14.19 MariaDB
14.20 RDX
14.21 MemSQL
14.22 Right-To-Win
15 Appendix
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