HOME › Research Insight › Increase in the volume of data, scaling, and retrieving the database in real-time enhance the demand for cloud database and Database as a Service (DBaaS).
Increase in the volume of data, scaling, and retrieving the database in real-time enhance the demand for cloud database and Database as a Service (DBaaS).
Companies today are producing data at an enormous rate which is a result of advancement in computing technologies and huge demand for services. All these data need to be kept in a safe place, and as a result database management is needed extensively. Database management helps to keep the records in order, so that at the time of retrieval or scaling, the data is easily available. Now, applications of database management are deployed in cloud as an underlying entrant.
A database which typically runs on cloud computing platforms, such as Google, Microsoft, Salesforce.com, Rackspace, and Amazon EC2, is known as a cloud database. Companies are now focusing on their core operations, so that they can deliver better customer-oriented products. As a result, cloud database becomes necessary to take care of the back-end IT operations. Today, enterprises around the world tend to keep themselves in a flexible state, so that an ever-changing environment of complexity and challenges can be tackled. Thus, they need to built agility and flexibility with the help of cloud database and DBaaS to swiftly adapt to the changes occurring in the market place. Cloud database and DBaaS help several industry segments in many ways. Applications built with the help of cloud database and DBaaS help companies to keep customer databases for years for further future references, as sometimes it is mandatory by government authorities. Database management is also done in order to consolidate different systems and standardize business processes. Consolidation of systems helps enterprises to increase the utilization of IT resources efficiently.
Cloud database and DBaaS solutions are attractive mainly due to two reasons:
Hardware Cost: The cost of hardware and energy which is incurred by users is very low when it comes to cloud databases, as instead of running everything by themselves, they have to pay only for their share of services.
Software: Today, many organizations are reluctant to use their own infrastructure for building cloud databases, and due to this they are turning toward cloud service vendors who are providing underlying infrastructure and database management services. This infrastructure can be used by organizations in two ways: either by building their own software or by adopting pay-per-usage model. Cloud database is mainly adopted by companies so that the database can be managed online using a variety of distributed databases. Also, with cloud database pay-as-you-go pricing models and different plans available according to the needs of the user, cloud database solutions become attractive for startups and Small and Medium Businesses (SMBs).
MarketsandMarkets expects the cloud database and DBaaS market to have the highest revenue from North America and Europe, followed by APAC and other regions, during the forecast period. The global cloud database and DBaaS market is expected to grow from $1.07 billion in 2014 to $14.05 billion by 2019 at a Compound Annual Growth Rate (CAGR) of 67.30%.
Cloud Database Market and DBaaS by Software (Database Application Builder, Data Scaling and Replication, Back-Up and Recovery, Database Encryption), Databases (SQL, Nosql), Deployment Models (Iaas, Paas, Dbaas) and Service Models (Public Cloud, Private Cloud, Virtual Private Cloud, Hybrid Cloud) & by Organization Size (Small And Medium, Large) - Global Advancements Market Forecasts and Analysis 2014 - 2019
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