Burgeoning use of Cloud Database and Database as a Service (DBaaS) Market by 2025

Global Cloud Database and Database as a Service (DBaaS) Market: Snapshot

Users have a lot to gain from database as a service models, and the cloud computing variants of these are the ones that can provide users with easy access to large databases at nearly any given time and location. Accessing this database does not require the used to physically carry the database, or have to set up any additional hardware or software. The service model ensures that all tasks within the administrative and maintenance sections can be carried out by the service providers, thereby allowing a user to free up resources, physical space, as well as time. Clients may or may not be able to control administrative duties of a database, depending on the service model being used.

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DBaaS is a form of secondary service provided by cloud computing services providers and is strongly associated with XaaS. It may therefore be offered by companies under a number of options from the SaaS platforms they hold. DBaaS also provides a highly structured approach towards the collection, categorization, and maintenance of data for a user or a group of users. Most DBaaS providers offer solutions that are far cheaper than in-house database management solutions. They commonly offer their services and payment models based on either capacity of storage required, the use of features, or both.

Global Cloud Database and Database as a Service (DBaaS) Market: General Outline

The relational form of database ruled the information technology or IT sector in the last few decades. The last few years have witnessed a paradigm shift in the database management systems where dedicated servers were eventually replaced with dedicated storage server networks. With the ubiquitous usage of internet, cloud databases such as SimpleDB and Sherpa have gained popularity in the last couple of years. Storage plays an important role in data centers. In a traditional networked data storage, the data is stored in a single dedicated server whereas in cloud databases the respective data is stored within multiple dynamic servers.

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Cloud database allows accessing of information at any point of time and from any place. Database as a service (DBaaS) allows the user to store data at a remote disk which is available through the internet. Cloud computing, the need for improved and efficient broadband facility, the advent of digital data, and shifting data storage requirements have led to the emergence of cloud database and DBaaS. Cloud databases aid in storing the colossally generated data by web based application. The cloud database and DBaaS market caters to many sectors such as government, healthcare, banking, hospitality, media and entertainment, e-commerce and insurance sector among others.

Global Cloud Database and Database as a Service (DBaaS) Market: Drivers and Inhibitors

The chief driver of the growth of the global cloud database and DBaaS market is the burgeoning use of cloud service for critical data storage. Driven by numerous factors such as availability, cost saving, seamless integration, upgradation, and flexibility, increasing number of companies are transferring data on cloud. Cloud database and DBaaS provide monetary advantages over conventional storage methods. Companies from heathcare, banking and insurance sector among others are located far off and are largely dependent on their websites. Hence, such companies choose cloud storage to decrease the cost of operations and thus increase productivity. Cloud databases are progressively used in non-traditional sectors such as social networking, online music stores, and online gaming among others. Moreover, due to the growing flexibility needs and increasing data traffic, numerous government departments such as finance, insurance, and defense are adopting cloud service.

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In spite of the strong growth drivers and surging trends, the major restraint for cloud database and DBaaS market is the growing criticality of data in cloud. Awareness about cloud security is comparatively low. The rising use of cloud databases have led to a rise in cloud attacks where user’s data is compromised, thus leading to identity theft. Moreover, the dearth of proper security standards for cloud database is also likely to act as a hindrance. At present, cloud platforms offer very little support for the purpose of database design related to virtual enhancement. With technological advances on boards, it is expected to provide opportunity for designing databases specific private clouds for large enterprises.

Global Cloud Database and Database as a Service (DBaaS) Market: Regional Overview

Geographically, North America is the chief revenue generator for this market closely followed by Western European countries such as Germany, France and the U.K. The dominance of North America can be attributed to the presence of large enterprises. Asia Pacific is anticipated to aggressively adopt cloud database and DBaaS solutions in the near future.  This is basically due to the increasing focus by small, medium, and large scale enterprises for the purpose of improving efficiency and productivity via investment in technology.

Global Cloud Database and Database as a Service (DBaaS) Market: Companies Covered in the Report

The key players in the cloud database and DBaaS market are Microsoft Corporation, Oracle Corporation, IBM, Amazon, Google Inc, Century Link Inc, Rackspace, SAP AG and Salesforce.com among others.

Large Enterprises Raise Demand for Private Cloud Database and DBaaS

San Francisco, California, June 14, 2017 : The global cloud database and database as a service (DBaaS) market is envisaged to gain a strong momentum on the back of the magnifying implementation of cloud services for critical storage of data. In a report by TMR Research, titled “Cloud Database and Database as a Service (DBaaS) Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025,” readers are exposed to a number of factors deemed important to secure a top position in the industry.

The analysts foresee the world cloud database and DBaaS market to rest its growth on vital factors such as surging count of businesses transferring data to the cloud. Flexibility, upgradation, seamless integration, cost saving, and availability could be key for strengthening the growth of the world cloud database and DBaaS market. Compared to traditional storage techniques, DBaaS and cloud database are expected to provide better features and more advantages. Website plays a significant role in the businesses of insurance, banking, and healthcare companies based on the outskirts. In this regard, such companies could opt for cloud storage for improving productivity and curbing operational costs.

A progressive application of cloud databases is predicted to take shape in non-conventional industries such as online gaming, online music store, and social networking. More opportunities could be birthed in the coming years with swelling data traffic and mounting flexibility requirement. As a result, there could a massive adoption witnessed in the world cloud database and DBaaS market by government sectors such as insurance and finance.

However, cloud attacks leading to identity thefts, rising data criticality, lack of awareness about cloud services, and shortage of appropriate security standards are foretold to hinder the growth of the international cloud database and DBaaS market. Nonetheless, industry players could be lavished with ample of lucrative business prospects as large companies put forth the requirement of private clouds that are specific to different databases.

One of the primary revenue generating regions of the international cloud database and DBaaS market is prognosticated to be North America. The U.K., France, Germany, and other Western European markets could follow North America at close quarters. Howbeit, the presence of large enterprises is envisioned to help North America sustain a dominant position in the international cloud database and DBaaS market.

In the near future, Asia Pacific could adopt cloud database and DBaaS at an aggressive rate on account of improving economies therein. Investment in technology pushing the focus of small and medium-sized companies toward the adoption of cloud databases is projected to help the Asia Pacific market gain traction.

Some of the leading players operating in the worldwide cloud database and DBaaS market are forecasted to be Google, Inc., Amazon, IBM, Oracle Corporation, and Microsoft Corporation.