Global Database as a Service Market to Reach USD 132.1 Billion by 2033, Impelled by Rapid Digitization in the Corporate Sector

December 27, 2024 | Technology & Media

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According to the latest report by IMARC Group, titled "Database as a Service Market Report by Type (SQL, NoSQL), Deployment Type (On-Cloud, On-Premises), Organization Size (Small Enterprises, Medium Enterprises, Large Enterprises), End User (BFSI, Healthcare, Government, and Others), and Region 2025-2033," the global database as a service market reached a value of USD 29.6 Billion in 2024. Database as a service refers to a software model that is generally utilized by multiple businesses to offer easy access to databases without the need for physical hardware. It usually has two primary consumers: the information technology (IT) organization that maintains the cloud platform and the end-user who consumes the cloud resources. As a result, its utilization helps in simplifying database management tasks and eliminates the need for hiring and training a team for managing the database. Additionally, it also aids in increased productivity, enhanced security and improved reliability and performance in a cost-efficient manner.

Global Database as a Service Market Trends:

The global market is primarily driven by significant growth in the IT industry. Moreover, continual technological advancements, including the introduction of cloud-based solutions, are creating a positive outlook for the market. Coupled with rapid digitization and the penetration of high-speed internet connectivity, there has been a significant increase in the adoption of the database as a service solution across the corporate sector. Additionally, the rapid outbreak of coronavirus (COVID-19) disease has encouraged numerous organizations to adapt work-from-home (WFH) models to maintain business continuity, which, in turn, is providing a boost to the market growth. Furthermore, the widespread utilization of database as a service solution across the healthcare and banking, financial services and insurance (BFSI) sectors is positively influencing the market growth. Other factors, including a considerable rise in data generation, continuous innovations in the service solution and extensive research and development (R&D) activities conducted by key players, are further contributing to the market growth. On account of the aforementioned factors, the market is anticipated to reach a value of USD 132.1 Billion by 2033, growing at a CAGR of 17.17% during 2025-2033.

Market Summary:

On the basis of the type, the market has been bifurcated into SQL and NOSQL.
Based on the deployment type, the market has been segmented into on-cloud and on-premises.
On the basis of the organization size, the market has been segregated into small, medium and large enterprises.
Based on the end-user, the market has been categorized into BFSI, healthcare, government and others.
On the basis of the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of the key players are Actian Corporation (HCL Technologies Limited), Alibaba Cloud, Amazon Web Services, Inc, Google LLC (Alphabet Inc.), International Business Machines Corporation, Lumen Technologies, Inc., Microsoft Corporation, MongoDB, Inc., Open Text Corporation, Oracle Corporation, Rackspace Technology Inc., SAP SE, etc.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
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	Actian Corporation (HCL Technologies Limited), Alibaba Cloud, Amazon Web Services, Inc, Google LLC (Alphabet Inc.), International Business Machines Corporation, Lumen Technologies, Inc., Microsoft Corporation, MongoDB, Inc., Open Text Corporation, Oracle Corporation, Rackspace Technology Inc., SAP SE, etc.
Customization Scope	10% Free Customization
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)

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Global Database as a Service Market to Reach USD 132.1 Billion by 2033, Impelled by Rapid Digitization in the Corporate Sector

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