Digitalization Fuels Growth In The Cloud Database And DBaaS Market: Powering Innovation and Expansion in the Global Cloud Database And DBaaS Market by 2025

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What Is the Expected CAGR for the Cloud Database And DBaaS Market Through 2025?
The size of the cloud database and dbaas market has experienced significant expansion in the past few years. Anticipated to rise from $24.03 billion in 2024 to $29.23 billion in 2025, the market is expected to register a compound annual growth rate (CAGR) of 21.6%. The historical growth of this market has been influenced by factors such as data breaches, regulatory compliance demands, a surge in cloud adoption, security incidents, and digital transformation initiatives.

What's the Projected Size of the Global Cloud Database And DBaaS Market by 2029?
The market size of the cloud database and dbaas is predicted to experience an acceleration in its growth in the upcoming years, ballooning to $59.69 billion by 2029 with a CAGR of 19.5%. Factors such as the proliferation of IoT, advancements in edge computing, the adoption of AI and machine learning, the shift towards hybrid and multi-cloud environments, along with the growing remote workforce can be attributed as the drivers for this growth during the forecasted period. Key trends for this period may include a heightened focus on zero trust architecture, increased adoption of cloud-native security solutions, the consolidation of security orchestration and automation, improved threat intelligence sharing, and amplified regulatory inspection.

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Top Growth Drivers in the Cloud Database And DBaaS Industry: What's Accelerating the Market?
The anticipated growth of the cloud database and DBaaS market is largely due to escalating digitalization. The term 'digitalization' pertains to the utilization of digital technologies to adapt business tasks, operations, and structures. This digital evolution has empowered businesses of all spectra to employ digital resources to organize operations, enhance decision-making, and devise new value propositions. Options like relational and NoSQL databases are offered under cloud databases and Database-as-a-Service (DBaaS), thus providing businesses with the flexibility to pick the database that best aligns with their application necessities. For instance, as per a report published by the European Investment Bank, a European Union's long-term finance institution based in Luxembourg, in May 2023, there was an increase of 9 percentage points as 42% of European businesses invested more into digitalization in 2022, compared to 2021. Furthermore, half of the firms in the United States, equating to 50%, committed to additional digitalization investments within the same time frame. As a result, the escalating digitalization is the driving force behind the growth of the cloud database and DBaaS market.

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What Trends Will Shape the Cloud Database And DBaaS Market Through 2029 and Beyond?
Leading firms in the cloud database and DBaaS market are concentrating on the invention of cutting-edge technologies like proactive self-healing architecture for managing databases, aiming to enhance their service provision. This type of architecture autonomously identifies and resolves issues within a database surroundings prior to affecting its performance. As an example, in January 2024, the announcement of a Cloud Database as a Service (DBaaS) was made by Silk Technologies Inc, an American tech firm. It offers clients an all-inclusive managed cloud database service that includes patching, monitoring, updates, and optimization for various primary database systems. This service allows customers to focus on key strategies by entrusting regular management duties to experienced database administrator (DBA) teams. The service package comprises of 24/7 DBA support and a proactive self-healing mechanism for managing databases.

What Are the Main Segments in the Cloud Database And DBaaS Market?
The cloud database and dbaasmarket covered in this report is segmented -

1) By Component: Solution, Service
2) By Database Type: Not Only Structured Query Language (NoSQL), Relational Database
3) By Deployment: Public, Private, Hybrid
4) By Enterprise Size: Large Size Enterprises, Small And Medium Sized Enterprises (SMEs)
5) By End-use Industry: Information Technology (IT) And Telecommunications, Banking, Financial Services, And Insurance (BFSI), Healthcare, Government And Public Sector, Manufacturing, Automotive, Retail And Consumer Goods, Media And Entertainment, Others End-use Industries

Subsegments:
1) By Solution: Relational Cloud Databases, Nosql Cloud Databases, In-memory Cloud Databases, Newsql Cloud Databases, Multi-Model Cloud Databases, Hybrid Cloud Databases
2) By Service: Database Hosting Services, Database Migration Services, Database Backup And Recovery Services, Database Monitoring And Management Services, Database Security Services, Database Integration Services, Database Analytics And Optimization Services

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Which Top Companies are Driving Growth in the Cloud Database And DBaaS Market?
Major companies operating in the cloud database and DBaaS market are Amazon.com Inc., Alphabet Inc., Microsoft Corporation, Huawei Technologies Co. Ltd., Intel Corporation, International Business Machines Corporation (IBM), Cisco Systems Inc., Oracle Corporation, Broadcom Inc., SAP SE, Salesforce Inc., Lumen Technologies Inc., Alibaba Cloud, Palo Alto Networks Inc., Juniper Networks Inc., Fortinet Inc., Akamai Technologies Inc., Rackspace Technology Inc., Check Point Software Technologies Ltd., Trend Micro Inc., CrowdStrike Holdings Inc., Sangfor Technologies Inc., Cloudflare Inc., Barracuda Networks Inc.

Which Regions Will Dominate the Cloud Database And DBaaS Market Through 2029?
North America was the largest region in the cloud database and DBaaS market in 2024. The regions covered in the cloud database and DBaaS market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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