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The global database-as-a-service market reached a value of US$ 12.8 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 20% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Database-as-a-Service (DBaaS) is a cloud computing service that enables users to access cloud database systems without utilizing a database management system on-premises. A cloud service provider manages everything from periodic upgrades to backups to ensure that the database system remains available and secure 24/7. DBaaS offers flexible scalability and integrated management tools, such as logging, key management and activity tracking utilities, which simplify the process of configuring, monitoring, and maintaining databases. Moreover, it helps organizations in risk management, focusing on consumer-targeted marketing, and saving costs for setting, installing and managing database hardware and software. As a result, DBaaS is gaining popularity in small and medium-sized enterprises (SMEs) worldwide.
The increasing sales of smartphones, in confluence with the escalating demand for mobile apps, represents one of the key factors bolstering the market growth. Apart from this, rapid digitization of services in the banking, financial services and insurance (BFSI) sector is increasing the need for managing rising data volume, which, in turn, is contributing to the market growth. Furthermore, the growing prevalence of chronic diseases, the widespread adoption of modern healthcare services and increasing focus on personalized preventive care and health management are resulting in expanding applications of DBaaS in the healthcare industry. Besides this, due to the coronavirus disease (COVID-19) outbreak and lockdowns implemented by governments of various countries, organizations are adopting remote working models and cloud computing services to maintain business continuity. This is driving the demand for DBaaS solutions worldwide to enable the exchange of documents remotely.
IMARC Group provides an analysis of the key trends in each sub-segment of the global database-as-a-service market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on type, deployment type, organization size and end user.
Breakup by Type:
Breakup by Deployment Type:
Breakup by Organization Size:
Breakup by End User:
Breakup by Region:
The report has also analysed the competitive landscape of the market with some of the key players being Amazon Web Services, CenturyLink, Google (Alphabet Inc.), IBM, Microsoft Corporation, Oracle, Rackspace Technology Inc. and SAP SE.
|Base Year of the Analysis||2020|
|Segment Coverage||Type, Deployment Type, Organization Size, End User, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Amazon Web Services, CenturyLink, Google (Alphabet Inc.), IBM, Microsoft Corporation, Oracle, Rackspace Technology Inc. and SAP SE|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
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Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
Key Questions Answered in This Report:
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