Global Cloud-based Database Market Growth (Status and Outlook) 2023-2029

Global Cloud-based Database Market Growth (Status and Outlook) 2023-2029

A cloud-based database is a database, as the name suggests, resides on a cloud computing platform. Databases are used to store and manage various forms of data generated by a company. Database services can be provided on-premises or on-demand. On-demand services are known as cloud-based databases, which is gaining increasing acceptance among several organizations. A cloud-based database is suitable for organizations that require immediate access to database services, easy scalability options, low cost, and low maintenance. Service providers offer end-to-end solutions, which help organizations focus on their core business areas.

The cloud database solutions have empowered organizations to focus on their core business competencies by relying on the cloud resources completely. Various cloud databases are becoming relevant as they improve the overall efficiency of the client offerings and reduce the support and maintenance considerably, giving almost total control of operations over the data which is stored.

LPI (LP Information)' newest research report, the “Cloud-based Database Industry Forecast” looks at past sales and reviews total world Cloud-based Database sales in 2022, providing a comprehensive analysis by region and market sector of projected Cloud-based Database sales for 2023 through 2029. With Cloud-based Database sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cloud-based Database industry.

This Insight Report provides a comprehensive analysis of the global Cloud-based Database landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Cloud-based Database portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Cloud-based Database market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cloud-based Database and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Cloud-based Database.

The global Cloud-based Database market size is projected to grow from US$ 19090 million in 2022 to US$ 421530 million in 2029; it is expected to grow at a CAGR of 55.6% from 2023 to 2029.

North America is the largest region of Cloud-based Database, with a market share about 35%. It was followed by Europe with 25%. Amazon Web Services, Google, IBM, Microsoft and Oracle are the top 5 manufacturers of industry, and they had about 65% combined market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Cloud-based Database market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type

SQL Database

NoSQL Database

Segmentation by application

Small and Medium Business

Large Enterprises

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Amazon Web Services

Google

IBM

Microsoft

Oracle

Rackspace Hosting

Salesforce

Cassandra

Couchbase

MongoDB

SAP

Teradata

Alibaba

Tencent

Please note: The report will take approximately 2 business days to prepare and deliver.