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Cloud Database and DBaaS Market Size
- Report ID: GMI6212
- Published Date: Jul 2023
- Report Format: PDF
Cloud Database and DBaaS Market Size
Cloud Database and DBaaS Market size was valued at USD 16.3 billion in 2022 and is predicted to register at a CAGR of 16.5% between 2023 and 2032. Data generation and collection are at their peak and growing at a rapid rate. To store & fetch the available data is a challenge with the conventional approaches. With cloud databases and DBaaS, data is now spread over distributed applications & services in the cloud as well as on-premises databases, making it difficult to merge using conventional techniques.
Cloud databases provide numerous benefits including flexibility, dependability, security, and affordability. It offers a sturdy framework for creating innovative business applications. Furthermore, the integration of e-learning and learning management systems (LMS) in the Cloud Database and DBaaS market has transformed database education. Cloud-based e-learning platforms and Learning Management System (LMS) offer flexible and scalable solutions for delivering comprehensive database training, providing learners with access to a wide range of courses and resources. With real-time tracking and collaborative features, users can easily acquire and refine their database skills in a convenient and accessible manner
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Cloud Database and DBaaS Market Size in 2022: | USD 16.3 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 16.5% |
| 2032 Value Projection: | USD 78 Billion |
| Historical Data for: | 2018 - 2022 |
| No. of Pages: | 287 |
| Tables, Charts & Figures: | 362 |
| Segments covered: | Component, Database Type, Deployment Model, Organization Size, End-use, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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The incorporation of game-based learning in the cloud database and DBaaS market is transforming education by providing interactive and engaging learning experiences. These gamified platforms leverage elements such as challenges, rewards, and leaderboards to make learning complex database concepts enjoyable. With Cloud Database and DBaaS solutions, users can easily access and participate in game-based learning modules, enhancing knowledge retention and fostering a collaborative learning environment.
Cloud databases and DBaaS are expanding in the market owing to their highly advanced technological features. Cloud databases and DBaaS services have some disadvantages that might hinder the cloud database market growth. After committing to one specific provider, the user might encounter difficulties while migrating data to a different cloud provider. This phenomenon is known as vendor lock-in. For medium-to-large businesses that store massive data volumes with one cloud provider, vendor lock-in will become an issue. Due to the humongous volume of data and allied challenges of moving, it might be difficult to switch to another provider.
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Cloud Database and DBaaS Market Scope
