Cloud Database MarketΒ - Global Industry Analysis and Forecast 2020 to 2027

Global Cloud Database Market: Key Highlights

  • According to the new market research report Cloud Database Market by Deployment Type (Public Cloud, Private Cloud, Hybrid Cloud, Multi-Cloud and Community Cloud), by Component (Solution, Services), by Services (Professional, Managed), by Database Type (SQL Database and NoSQL Database), by End-Use (Government, Banking, Financial Services and Insurance (BFSI), Energy and Utilities, Manufacturing, Media and Entertainment, Healthcare, Consumer Goods and Retail and Others), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) – Global Forecast (2020 to 2027)”, the global Cloud Database Market is estimated to reach USD 29.2 Billion by 2027 at a CAGR of around 16.1% during the review period.
  • It is a database services which run, built and accessed on cloud computing platform. As well as it provides collection of information content either in structural or unstructured different platform
  • Moreover, it worked on standard database solution which is implement by installation of database software on cloud infrastructure.

Cloud Database Market

Global Cloud Database Market: Key Market Dynamics

  • With the highly adoption for cloud based technologies is witness to increase scalability and performance of the market in the forecast period.
  • With the demand for NoSQL database as a services will lead to fuel the growth of the market as is improving the agility in the data management and software development.
  • One of the major key concern of the cloud database market is the security and violence issues in the cloud based platform. As the cloud based data are totally depending on the cloud provider for the update and maintain of software.
  • With the adoption of cloud computing technology will lead to enhance the operational efficiency of server infrastructure which will lead to improve the cloud database market for small and medium-sized enterprise.
  • Enhancing automatic software updating instead to track of the updating features regularly, which will lead to boost the growth of the, market in the projected period.

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Global Cloud Database Market: Regional Overview

  • Asia-Pacific:

According to the Center for Global Development, more than 75% of China is registered enterprise is being small and medium enterprise which will enhance the economic growth. Also, India has taken an initiative for the growth and development of small and medium sized business with the Make in India program. Whereas, the region has substantial penetration for the technologies such as cloud computing and data analytics

Hence, Asia-Pacific is witness to increase the demand for the market as it has large economic such as Japan and China with the advance technology growth

  • Europe

According to the European Commission, the EU digital strategy is aims to boost the citizens and businesses to target its digital transformation growth. As well as the European Union strategies for artificial intelligence and data focus to motivate businesses to work with the emerging new technologies with the people trust.

Hence, region is one of the major player in the growth of technology market, which will lead to enhance the growth of the cloud database market.

Global Cloud Database Market: Key Players Overview

  • IBM Corporation:

International Business Machines Corporation is an American multinational technology company which provides information technology services for the customer all around the world. The company provides open and secure public cloud for business and a next generation hybrid multi-cloud platform and advanced AI services for the industries growth. In 2019, the company has expanded its service with Kubernetes in cloud database service.

  • SAP SE:

SAP SE is a German multinational software company which provides enterprise software for manage the business operations and for customer relations. In 2019, the company has announced its enhancement to its business technology platform for the intelligent enterprises. Also, in 2019 the company has partnered with Esri for the delivery of Database as a services. Whereas the SAP HANA Cloud database enhance the data solution with the cloud native scalability and performance.

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Rep Id : ICT 061

Published : 2020-07-22

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