The report "Global Cloud Database Market, By Type (Public Cloud, Private Cloud, and Hybrid Cloud) By Industry Vertical (Retail, Banking and Financial Institutions (BFSI), Transportation, Hospitality, and Government), By Application (Cloud Activity Monitoring, Access Management, and User Authentication), and Region - Global Forecast to 2029" Global cloud database market is projected to grow from US$ 15.1 billion in 2020 to US$ 56.1 billion by 2029. Growing adoption of cloud based services in different types of end use industries, especially in developed economies is a key factor driving growth of the global cloud database market. In addition, divisions like social networking and online music stores are opting for cloud databases which is boosting growth of the target market.
Key Highlights:
· In August 2018, for instance, IBM Corporation announced a new Database-as-a-Service (DBaaS) toolkit on power systems optimized for open source databases, including MongoDB, EDB PostgreSQL, MySQL, MariaDB, Redis, Neo4j, and Apache Cassandra.
· In February 2013, for instance, Fortinet Inc. announced that the company's FortiGuard Labs has launched new cloud-based sandboxing and IP reputation services that are designed to help protect against advanced persistent threats (APTs).
Key Market Insights from the report:
The global cloud database market accounted for US$ 15.1 billion in 2020 and is projected to register a CAGR of 15.7 % over the forecast period. The market report has been segmented on the basis of type, industry vertical, application, and region.
· By type, the hybrid cloud segment accounted for major revenue share in 2018, since hybrid cloud database is emerging as growing trend in the market as they provide almost total operational control over the data which is stored.
· By industry vertical, the banking and financial institutions (BFSI) segment is accounted for major revenue share in 2018 due to increase in use of online banking and high level of security.
· By application, the cloud activity monitoring segment accounted for major revenue share in 2018 due to multiple types of cloud services to monitor and to identify pinpoint potential security vulnerabilities in cloud infrastructure.
· By region, North America cloud database market accounted for major revenue share of the global cloud database market and is further anticipated to maintain its dominance over the forecast period. High adoption of cloud based services by various end use industries in the U.S. is major factor expected to support growth of the North America market over the forecast period. The market in Europe is expected to account for second-highest revenue share in 2019. The market in Asia Pacific is projected to witness fastest growth in terms of revenue, due to rising adoption of cloud based technologies and increasing infiltration of internet in the region.
The prominent player operating in the global cloud database market includes IBM Corporation, Fortinet Inc., McAfee LLC, Gemalto NV, Oracle Corporation, Imperva Inc., Intel Security Group, Informatica Ltd., EntIT Software LLC, and Axis Technology LLC.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on "Global Cloud Database Market”, By Type (Public Cloud, Private Cloud, and Hybrid Cloud) By Industry Vertical (Retail, Banking and Financial Institutions (BFSI), Transportation, Hospitality, and Government), By Application (Cloud Activity Monitoring, Access Management, and User Authentication), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa)- forecast till 2029
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Cloud Database Market Research Report, by Database (SQL and NoSQL), Model (Service and Deployment), Component (Software and Service), Organization Size (Large and small enterprise), End-User (BFSI, Healthcare, and others) — Global Forecast till 2023Market HighlightsScalability is considered to be a desirable possession of a system as it delivers enterprises with reliable and secured database services and solutions.
Scalability increase the service velocity and enhances the elasticity of database services ensuring easily deployable data to businesses.
Database scalability balances out a database to ensure that it can hold a large amount of data.
Furthermore, owing to data scalability the database is able to handle heavy loads of continuously increasing data traffic.
Hence, scalability is expected to be one of the factors fueling the growth of the cloud database market.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/6847Key playersThe prominent players in the cloud database market are Google Inc. (US), Amazon.com (US), Oracle (US), Microsoft (US), IBM (US), Salesforce.com Inc. (US), Rackspace Inc. (US), SAP AG (Germany), CenturyLink (US), and CSC (Computer Science Corporation) (US).VMware Inc. (US), Verizon (US), and Dropbox (US) are among the other players in the market.Regional AnalysisThe regional analysis of cloud database market is considered for North America, Europe, Asia-Pacific, and the rest of the world.Implementation of IoT and increasing adoption of cloud-based services in North American countries such as the US and Canada is expected to dominate the cloud database market during the assessment period.
Several investments and research and developments are taking place in the US owing to the increasing need for cloud database by the IT companies.
Enterprises can host databases on the cloud without access to hardware.
The ability to scale business at a rapid pace using cloud is likely to lead to its adoption by businesses of all sizes.
The global cloud database market report compiled by Market Research Future (MRFR) evaluates various growth opportunities and trends amid the COVID-19 pandemic and changes in business models for the period of 2018 to 2023 (forecast period).Market ScopeThe global cloud database market size is expected to reach USD 21.66 billion growing at 46.78% CAGR over the forecast period.
SegmentationBy database, the cloud database market is divided into SQL database and NoSQL database.By model, this market is segmented into service model and deployment model.
By deployment model, the DBaaS segment can provide security to data with tight surveillance and software upgrades designed to maintain the integrity of data stored in the database.By component, the market is segmented into software and service.
By service, the market is segmented into training and consulting service, system and network integration service, and deployment and maintenance service.By organization size, the market is segmented into large enterprise and small and medium-sized enterprise.By end-user, the market is segmented into academic, BFSI, healthcare, IT and telecom, government, and others.Regional AnalysisThe regional analysis of cloud database market is considered for North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).Rapid adoption of new technology is driving the growth of the cloud database market in North America.
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MarketsandMarkets forecasts the Global Cloud Database and DBaaS Market size to grow from USD 12.0 billion in 2020 to USD 24.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 15.7% from 2020 to 2025.
Various factors are expected to contribute to the growth of the database in the financial sector.
Some of these factors include electronic transactions, Automated Teller Machines (ATMs), credit cards, call centers, and mobile-based sources.
The database generated from these sources is scattered across various branches and departments across various financial institutions and needs to be interlinked together.
The linking of this database is important to derive meaningful insights and sustain in the competitive market.
These solutions further improve the accuracy and efficiency of various processes and assist in the regulatory and compliance reporting by collating data from multiple sources.
