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Global Cloud Relational Database Market size is predicted to reach $41.3 billion by 2030, growing at a CAGR of 16.8% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. Increased adoption of hybrid cloud solutions and growing need for real time data processing are poised to propel the market growth, finds IndustryARC in its recent report, titled “Cloud Relational Database Market – By Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud), By Database (SQL Database, NoSQL Database), By Software (Database Application Builder, Data Scaling & Replication, Backup & Recovery, Database Encryption and Others), By Services (Training and Consulting Services, System and Network Integration, Deployment and Maintenance), By Organization Size (Small and Medium Enterprises, Large Enterprises), By End User (BFSI, Retail, Healthcare and Life Sciences, IT and Telecom, Education, Government and Public Sector and Others), By Geography – Global Opportunity Analysis & Industry Forecast, 2024-2030”
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Asia-Pacific to Register Highest Growth:
The Asia-Pacific region is projected to be the fastest-growing market for Cloud Relational Databases, driven by a surge in IoT adoption and a widespread transition of enterprises to cloud computing. The forecast period from 2024 to 2030 is expected to witness significant growth due to increasing investments in cloud technologies and the integration of IoT in various applications, such as smart homes and urban infrastructure. This shift not only enhances operational efficiency but also fosters innovation across industries, positioning the Asia-Pacific region as a key player in the evolving cloud database market.
Cloud Relational Database Market 2024-2030: Scope of the Report
|
Report Metric |
Details |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
CAGR |
16.8% |
|
Market Size in 2030 |
$41.3 billion |
|
Segments Covered |
By Deployment Model, By Database, By Software, By Services, By Organization Size, By End-User, and By Region |
|
Geographies Covered |
North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (Middle East, and Africa). |
|
Key Market Players |
1. Google Inc. 2. Amazon Web Services, Inc. 3. Oracle Corporation 4. Microsoft Corporation 5. IBM Corporation 6. Rackspace Inc. 7. Salesforce Inc. 8. SAP SE 9. Alibaba Group 10. MongoDB, Inc. |
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Cloud Relational Database Market Report – Key Takeaways:
In 2023, the IT and Telecom sectors dominated the Cloud Relational Database Market, holding the largest market share and projected to grow at a remarkable CAGR of 39.7% from 2024 to 2030. The IT industry increasingly embraces cloud computing due to its scalability, cost-effectiveness, and accessibility via cloud platforms. A critical driver for this adoption is the demand for robust disaster recovery and business continuity solutions. Cloud databases provide automated backup and recovery options, safeguarding data and enabling quick restoration during disasters, thereby minimizing downtime and ensuring operational resilience in data-sensitive industries.
In 2023, large enterprises dominated the Cloud Relational Database Market and are expected to experience a remarkable CAGR of 33.1% through 2030. The primary driver for this growth is the cost-effectiveness of cloud databases compared to traditional on-premises systems, which require substantial investments in hardware, software, and maintenance. Cloud databases, operating on a subscription model, allow businesses to pay only for the resources they use, leading to more predictable operational costs. Additionally, cloud service providers manage maintenance, updates, and security, alleviating the burden on internal IT teams and promoting widespread adoption across organizations of all sizes.
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Key Opportunity Analysis:
Increasing Demand for Database as a Service (DBaaS)
The Cloud Relational Database Market presents a significant opportunity with the rising demand for Database as a Service (DBaaS). Organizations are increasingly seeking flexible and scalable solutions that allow them to manage their data without heavy upfront investments. DBaaS offers a subscription-based model, enabling businesses to pay only for the resources they consume. This model not only reduces operational costs but also simplifies database management, as service providers handle maintenance, security, and updates. As more enterprises adopt cloud-first strategies, the DBaaS segment is expected to experience robust growth, contributing substantially to the overall market expansion.
Integration of Artificial Intelligence and Machine Learning
Emerging markets represent a promising opportunity for growth in the cloud relational database sector. As these regions undergo rapid digital transformation, there is a growing need for efficient data management solutions. Increased internet penetration, smartphone adoption, and the rise of cloud computing are driving demand for cloud databases. Businesses in emerging markets are seeking scalable and cost-effective solutions to manage their data effectively. Additionally, the growing emphasis on data security and compliance in these regions further fuels the need for reliable cloud relational databases. As investments in technology infrastructure increase, the cloud relational database market is poised for significant expansion in emerging economies.
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The report also covers the following areas:
Cloud Relational Database Market 2024-2030: Key Highlights
Covid and Ukrainian Crisis Impact:
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List of Key Market Players in the Cloud Relational Database Market:
The Global Cloud Relational Database Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:
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