Base Year
Historical Year
Forecast Year
The global cloud database and DBaaS market stood at a value of around USD 19.00 billion in 2023. The market is expected to grow at a CAGR of 15.9% in the forecast period of 2024-2032 to attain a value of USD 71.74 billion by 2032.
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Cloud databases and DBaaS entail providing database services through a cloud platform. Service providers rent databases with substantial storage, facilitating effective data management and analysis.
Moreover, they offer enterprises access to a cloud-based database system, eliminating the need for hardware setup, software installation, and system configuration, as these tasks are handled by the providers.
The service providers also manage software maintenance and upgrades. Additional benefits of cloud databases and DBaaS include cost efficiency and time savings. In developed nations like Australia, with a 96% internet penetration rate, recent World Bank data suggests it drives growth in the cloud computing market.
Increasing data volumes, the surge in cloud adoption, security, and compliance, and the growth of managed services are the major trends impacting the cloud database and DBaaS market growth.
August 30, 2023
Couchbase launched Capella iQ, an AI feature in its database, improving developer productivity by enabling swift code generation. It also introduced new Capella DBaaS features and initiated the Couchbase AI Accelerate partner program.
August 30, 2023
DataStax, the real-time AI company, announced the launch of Astra DB Vertex Extension for Google Cloud’s Vertex AI Platform. It enabled easy data connection between Astra DB and Vertex AI.
December 14, 2023
MariaDB Plc announced the spinout of its cloud database subsidiary, SkySQL Inc., which gained full rights to the SkySQL database-as-a-service product. SkySQL becomes the exclusive provider, aiming to expedite feature delivery.
May 18, 2021
PlanetScale introduced a fresh database-as-a-service platform. The primary developer of the open-source Vitess distributed SQL cloud platform for MySQL released a new cloud platform designed to seamlessly integrate with developer workflows.
Increased data volumes
Companies are collecting and generating data faster than ever. Conventional on-site databases face challenges in efficiently storing and managing such volumes. Cloud databases provide a scalable and economical remedy.
Surge in cloud adoption
Companies are becoming more confident in entrusting crucial data to the cloud, thanks to enhanced security and reliability measures.
Security and compliance
Cloud providers are bolstering security measures and acquiring certifications to meet the needs of enterprises, especially those in regulated sectors.
Growth of managed services
Business opts for third-party assistance in managing and maintaining their databases. This shift enables them to concentrate on essential business functions.
Serverless databases capitalize on serverless computing, reducing costs and administrative responsibilities for developers. Managed database services automate tasks like backups and scaling, lessening operational demands.
Cloud databases offer specialized analytics for large data sets. Security measures address compliance issues in cloud environments. Edge computing fulfils IoT needs with fast databases.
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“Global Cloud Database and DBaaS Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Database Type
Market Breakup by Component
Market Breakup by Service
Market Breakup by Deployment Model
Market Breakup by Organisation Size
Market Breakup by Industry
Market Breakup by Region
Cloud database and DBaaS solutions contribute to growth by offering flexibility in deployment options. Organizations can select from public, private, or hybrid cloud setups based on their unique needs, driving market expansion.
By utilizing provider infrastructure, solutions cut expenses while providing scalable resources, deployment agility, enhanced performance, security, automated management, global reach, and disaster recovery for uninterrupted business operations.
Service providers deliver expertise, cost efficiency, scalability, flexibility, focus improvement, ongoing support, security, compliance, and access to cutting-edge technology, elevating cloud database management for businesses.
In the media and entertainment sector, cloud database and DBaaS components facilitate scalability to manage varying streaming service demands, ensuring smooth content delivery at peak times.
Cloud databases provide economical pay-as-you-go structures, worldwide accessibility for broad content dissemination, and analytics for tailored content suggestions, boosting user satisfaction and operational efficacy in the entertainment and media sector.
In healthcare, they ensure secure data handling, compatibility, and scalability, facilitating collaboration, research, and adherence to regulations. Disaster recovery mechanisms guarantee uninterrupted care and protect patient data by minimizing downtime.
Companies offer diverse global cloud solutions like computing, storage, databases, analytics, networking, mobile, developer tools, IoT, security, and enterprise apps, with on-demand access and flexible payment options.
IBM Corporation, founded in 1911 and based in Armonk, New York, is a worldwide technology enterprise offering a spectrum of hardware, software, and cloud-based solutions for businesses globally.
Oracle Corporation, established in 1977 and headquartered in Redwood City, California, is acclaimed for its database management systems, cloud apps, and enterprise software spanning various industries worldwide.
Microsoft Corporation, founded in 1975 and located in Redmond, Washington, is a top technology firm specializing in software development, cloud services, and productivity solutions catering to individuals and businesses worldwide.
Google LLC, founded in 1998 and based in Mountain View, California, is a multinational technology corporation recognized for its search engine, advertising services, cloud computing platform, and diverse range of software and hardware products.
Other players in the market are Amazon Web Services, among others.
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North America dominates the market, largely due to its ability to provide scalability, enabling businesses to readily adjust their database resources according to fluctuating demand.
North America leads the cloud database and DBaaS sector with major players such as Google, Oracle, and Amazon, primarily in the US and Canada. Growing investments in cloud technology spur market growth, boosted by Canada's 93% internet user penetration in 2021.
The Asia Pacific region is projected to flourish due to the heightened adoption of cloud computing across sectors.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Database Type |
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| Breakup by Component |
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| Breakup by Service |
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| Breakup by Deployment Model |
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| Breakup by Organisation Size |
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| Breakup By Industry |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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Cash In Transit Services Market
Database Management System (Dbms) Market
Cloud Database and DBaaS Market Size
Cloud Database and DBaaS Market Growth
Cloud Database and DBaaS Market Trends
Cloud Database and DBaaS Market Share
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market was valued at USD 19.00 billion in 2023.
The market is projected to grow at a CAGR of 15.9% between 2024 and 2032.
The revenue generated from the cloud database and DBaaS market is expected to reach USD 71.74 billion in 2032.
The market is categorised based on the component into solutions and services.
The key market players are IBM Corporation, Oracle Corporation, Microsoft Corporation, Google LLC, Amazon Web Services, and others.
Based on the deployment model, the market is divided into public cloud, private cloud, and hybrid cloud.
Based on the organization size, the market is divided into large enterprises and small and medium enterprises.
The market is broken down into North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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