“Database as a Service Market: Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the global network analytics market based on its segments including type, end use and region. The report tracks the latest industry trends and analyses their overall impact on the market. It also evaluates the market dynamics, which cover the key demand and price indicators, and studies the market on the basis of the SWOT and Porter’s Five Forces models.
Historical Year: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
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Database-as-a-Service (DBaaS) represents a cloud computing service that enables the users to access cloud database systems without using an on-premises database management system. A cloud service provider manages everything from backups to periodic upgrades to ensure that the database remains available and secure. DBaaS offers flexible scalability and various integrated management tools, such as key management, logging, and activity tracking utilities to simplify the process of monitoring, configuring, and maintaining databases. It also helps organizations in focusing on consumer-targeted marketing, risk management, and saving costs for installing and managing database software and hardware. Consequently, DBaaS is gaining traction in small and medium-sized enterprises (SMEs) across countries.
Note: Our analysts are continuously monitoring the influence of the COVID-19 pandemic on the market. This insightful information is included in the report to improve the efficiency, resilience and overall performance of businesses.
Database as a Service Industry Trends and Drivers:
The increasing sales of smartphones are primarily driving the database-as-a-service market. In line with this, the expanding digitization levels across the the banking, financial services and insurance (BFSI) sector are propelling the need for managing rising data volumes, which, in turn, is further catalyzing the market growth. Moreover, the growing prevalence of chronic diseases, the widespread adoption of modern healthcare services, and elevating focus on personalized health management and preventive care are acting as significant growth-inducing factors. Besides this, owing to the sudden outbreak of the COVID-19 pandemic, organizations across the globe are adopting remote working models and relying on cloud computing services to maintain business continuity. This is anticipated to fuel the database-as-a-service market in the coming years.
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Database as a Service Market Segmentation:
The market is segmented in on the basis of type, end use and region.
- End use
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The report also provides insights on the competitive landscape of the global database as a service industry with the leading players profiled in the report.
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