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Database-As-A-Service Market Share, Size, Growth, Trends | Forecast 2028

The global database-as-a-service market size reached US$ 20.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 68.9 Billion by 2028, exhibiting a growth rate (CAGR) of 20.7% during 2023-2028.
Published 22 August 2023

IMARC Group, a leading market research company, has recently releases report titled “Database-as-a-Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global database-as-a-service market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the database-as-a-service market?

The global database-as-a-service market size reached US$ 20.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 68.9 Billion by 2028, exhibiting a growth rate (CAGR) of 20.7% during 2023-2028.

What is database-as-a-service?

Database-as-a-Service (DBaaS) is a cloud computing managed service through which users can access cloud database systems without requiring an on-premise database management system. It ensures round-the-clock availability of secured database systems and integrated management tools, such as logging, key management, and activity tracking utilities. DBaaS also offers simplified configuring, monitoring, and database maintenance processes, thereby supporting organizations in risk management, consumer-targeted marketing, and controlling overhead expenses. As a result, it is gaining momentum across small and medium-sized enterprises (SMEs), globally.

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What are the growth prospects and trends in the database-as-a-service industry?

The increasing penetration of smartphones, along with the growing popularity of software-based mobile applications, is primarily bolstering the market for DBaaS. Additionally, rising levels of digitization in the banking, financial services, and insurance (BFSI) sector, leading to an increased data volume, are further augmenting the need for an efficient database management system. Besides this, the growing consumer preferences towards personalized preventive care and health management systems are propelling the adoption of DBaaS in the healthcare sector. Moreover, the sudden outbreak of the COVID-19 has led to the implementation of stringent lockdown regulations across several countries. As a result, numerous organizations have adopted remote working models and cloud computing services, thereby catalyzing the demand for DBaaS for remote exchange of documents and database management.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

  • SQL
  • NoSQL

Breakup by Deployment Type:

  • On-Cloud
  • On-Premises

Breakup by Organization Size:

  • Small Enterprises
  • Medium Enterprises
  • Large Enterprises

Breakup by End User:

  • BFSI
  • Healthcare
  • Government
  • Others

Breakup by Region:

  • North America (U.S. & Canada)
  • Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
  • Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
  • Latin America (Brazil, Mexico)
  • Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players including:

  • Amazon Web Services
  • CenturyLink
  • Google (Alphabet Inc.)
  • IBM
  • Microsoft Corporation
  • Oracle
  • Rackspace Technology Inc.
  • SAP SE.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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