Article -> Article Details
Title | Database-as-a-Service Market Expands Amid Growing Cloud Adoption and Data-Driven Business Models |
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Category | Business --> Advertising and Marketing |
Meta Keywords | Database-as-a-Service Market |
Owner | Bobby |
Description | |
The global database-as-a-service
market size reached USD 29.6 Billion in 2024. Looking forward, IMARC Group
expects the market to reach USD 132.1 Billion by 2033, exhibiting a growth rate
(CAGR) of 17.17% during 2025-2033. The market is experiencing steady growth
driven by the increasing sales of smartphones, the escalating demand for mobile
apps, the growing digitization of services in the banking, financial services
and insurance (BFSI) sector, and the rising focus on personalized preventive
care and health management. Study Assumption Years:
Database as a Service (DBaaS) Market Key Takeaways:
Request for a sample copy of this report: https://www.imarcgroup.com/database-as-a-service-market/requestsample Market Growth Factors:
2.
Cost Efficient and Resources Effective: The
DBaaS option cost-effectively helps in providing management solutions for data,
as it relieves clients from physical infrastructure development and operational
overhead. Thus, clients revive interests and reallocate their IT budget to
innovative core business activities, in turn improving overall competitiveness.
3.
Data Also Secured, Compliance Assurance: DBaaS
invest lots of money in securing data with their tight encryption and access
controls that provide strong integrity and compliance with data regulations.
This way of looking at security provides a lot of confidence to businesses with
regard to privacy and availability of their data with them using DBaaS
solutions. Market Segmentation:
Regional Insights: North America dominates the DBaaS market, driven by advanced
IT infrastructure, early adoption of cloud technologies, and a strong presence
of key market players. The region's focus on innovation and digital
transformation further propels market growth, with organizations across various
industries leveraging DBaaS solutions to enhance data management and
operational efficiency. Recent Developments & News: The DBaaS market is witnessing continuous innovation, with
providers enhancing security features, integrating AI and machine learning
capabilities, and offering more flexible pricing models. These advancements
address the evolving needs of businesses, ensuring scalability, efficiency, and
compliance with regulatory standards. Key Players:
If you require any specific information that is not covered
currently within the scope of the report, we will provide the same as a part of
the customization. Ask Analyst for Customization: https://www.imarcgroup.com/request?type=report&id=2579&flag=C About Us: IMARC Group is a global management consulting firm that
helps the world’s most ambitious changemakers create a lasting impact. The
company provides a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies,
company incorporation assistance, factory setup support, regulatory approvals
and licensing navigation, branding, marketing and sales strategies, competitive
landscape and benchmarking analyses, pricing and cost research, and procurement
research. |