(MENAFN- America News Hour) Research Nester published a report titled
“Database-as-a-Service (DaaS) Market: Global Demand Analysis & Opportunity Outlook 2030”
which delivers detailed overview of theglobaldatabase-as-a-service(DaaS) market in terms of market segmentation by deployment type, organization size, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
is anticipated to attain a CAGR of ~18% over the forecast period, i.e., 2022 – 2030. The market is segmented on the basis of end-user into BFSI, healthcare and others, out of which, BFSI segment is anticipated to hold largest market size over the forecast period owing to the involvement of large volume of big data in this sector, along with requirement of safe database.
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The globaldatabase-as-a-service(DaaS)market is projected to grow on the basis of increasing adoption of cloud computing technology amongst the various end-user industries.
Around 3.5 billion individuals are using cloud-based applications, as of 2019.
The presence of large volume of data in various sectors and the demand for efficient management of this data is estimated to boost the market growth. Increasing use of smartphones and internet are also crucial factors estimated to boost the market growth.
On the basis of geographical analysis, the global database-as-a-service(DaaS)market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America region is estimated to gain largest market share during the forecast period owing to the high adoption of cloud computing and other advanced technologies amongst the technologically equipped population in United States and Canada.
The research was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.
Involvement of Big Numbers in the Operation of Various Sectors to Boost the Market Growth
With the presence of large volume of data, the demand for efficient management of data is increasing like never before, especially after the work from home situation caused by COVID-19. This is estimated to boost the market growth in the upcoming years. Moreover, penetration of smartphones, and availability of cloud storage in smartphones is estimated to be a major growth factor for the market.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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However, high capital investment in the market is expected to operate as key restraint to the growth of the global database-as-a-service(DaaS)market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global database-as-a-service(DaaS)market which includes company profiling of IBM, SAP, EnterpriseDB, Redis Ltd., MongoDB, Oracle Corporation, Google LLC, MariaDB, Microsoft Corporation, Amazon Web Services, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global database-as-a-service(DaaS)market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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