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Cloud Database and DBaaS Market Surges to USD 66.47 Billion by 2030, Propelled by 21.3% CAGR – Verified Market Reports®

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The cloud database and DBaaS (Database as a Service) market is driven by the increasing demand for scalable, cost-effective, and easily accessible database solutions. The growth of cloud adoption in businesses of all sizes fuels the need for flexible, on-demand databases. Cloud databases enable organizations to reduce infrastructure costs, improve performance, and streamline data management. The rise in data-driven decision-making and the expansion of big data analytics further boost market growth.

LEWES, Del., Nov. 8, 2024 /PRNewswire/ — The Global Cloud Database and DBaaS Market is projected to grow at a CAGR of 21.3% from 2024 to 2030, according to a new report published by Verified Market Reports®. The report reveals that the market was valued at USD 17.4 Billion in 2023 and is expected to reach USD 66.47 Billion by the end of the forecast period.

Download PDF Brochure: https://www.verifiedmarketreports.com/download-sample/?rid=872364

Browse in-depth TOC on Cloud Database and DBaaS Market

202 – Pages
126 – Tables
37 – Figures

Scope of The Report

REPORT ATTRIBUTES

DETAILS

STUDY PERIOD

2021-2030

BASE YEAR

2023

FORECAST PERIOD

2024-2030

HISTORICAL PERIOD

2021-2022

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Century Link Inc Oracle Corporation, IBM, Amazon, Google Inc Microsoft Corporation, Rackspace, SAP AG, Salesforce

SEGMENTS COVERED

By Type, By Application, By Geography

CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analysts working days) with purchase. Addition or alteration to country, regional & segment scope

Global Cloud Database and DBaaS Market Overview

Cost-Effectiveness and Scalability
Cloud databases and DBaaS solutions offer significant cost advantages over traditional on-premises systems. Businesses can avoid the capital expense of purchasing hardware and instead pay for what they use on a subscription or pay-as-you-go basis. This scalability allows companies to easily expand or reduce their database infrastructure as needed, without worrying about over-provisioning or underutilization. As companies strive to optimize their budgets and reduce IT overhead, cloud-based solutions present an attractive alternative to costly on-premises deployments.Increased Demand for Real-Time Data Access
As businesses generate more data, the need for real-time analytics and data processing has become critical. Cloud databases provide a platform that enables instant access to large datasets across multiple geographies. This ability to quickly process, analyze, and act on data is especially important in industries such as e-commerce, finance, and healthcare, where timely information can directly impact decision-making and customer experiences. Cloud databases’ real-time capabilities are driving widespread adoption, as they meet the growing demand for faster, more efficient data access.Remote Work and Data Accessibility
The shift to remote work and the increasing reliance on mobile solutions have significantly contributed to the growth of cloud databases and DBaaS platforms. These solutions provide users with secure, anytime, anywhere access to critical data, making it easier for teams to collaborate across different locations. With businesses needing to accommodate a mobile workforce and allow remote employees to access centralized databases, the flexibility and accessibility of cloud databases have made them a crucial component of modern business infrastructures.

To Purchase a Comprehensive Report Analysis: https://www.verifiedmarketreports.com/download-sample/?rid=872364

Security and Data Privacy Concerns
One of the primary challenges facing the cloud database and DBaaS market is security and data privacy concerns. As businesses move sensitive data to the cloud, the risk of cyberattacks, data breaches, and unauthorized access increases. Despite advancements in encryption and security protocols, companies remain cautious about entrusting third-party cloud providers with their valuable data. Regulatory compliance requirements such as GDPR further complicate data storage and handling, creating additional obstacles for organizations looking to adopt cloud-based solutions.Integration Complexity with Legacy Systems
Migrating from traditional on-premises databases to cloud-based systems can be complex and costly, especially for organizations with legacy infrastructures. Integrating cloud databases with existing enterprise systems often requires significant customization, which can result in compatibility issues, higher costs, and longer deployment timelines. The challenge of migrating large volumes of data and ensuring smooth data integration without disrupting daily operations poses a significant restraint for companies hesitant to make the transition.Regulatory and Compliance Challenges
Adherence to industry-specific regulations and compliance standards presents another restraint in the growth of cloud databases and DBaaS solutions. Different regions have varying laws regarding data storage, transfer, and security, making it difficult for businesses to ensure compliance when using cloud services. For example, data residency laws in the EU or certain restrictions in the financial sector complicate how and where data can be stored and processed. These legal constraints can delay adoption and create additional operational complexity for businesses considering DBaaS solutions.

Geographic Dominance

The Cloud Database and DBaaS market exhibits strong geographic dominance across several key regions, with North America and Europe leading the charge in adoption. North America, driven by a robust technology infrastructure and a high concentration of cloud service providers, remains the largest market for cloud databases. Europe follows closely, with increasing demand for cloud solutions spurred by digital transformation initiatives and regulatory requirements like GDPR.

In Asia, the market is expanding rapidly due to the region’s burgeoning tech sector, especially in countries like China and India, where cloud adoption is accelerating. Meanwhile, Africa, though at an earlier stage, is showing promising growth as internet penetration and cloud services increase. The rest of the world is also witnessing steady growth, particularly in emerging markets where businesses are increasingly adopting cloud solutions to improve efficiency and scalability. This geographic diversity highlights the global reach and demand for cloud database and DBaaS platforms.

Cloud Database and DBaaS Market Key Players Shaping the Future

Major players, including Century Link Inc Oracle Corporation, IBM, Amazon, Google Inc Microsoft Corporation, Rackspace, SAP AG, Salesforce and more, play a pivotal role in shaping the future of the Cloud Database and DBaaS Market. Financial statements, product benchmarking, and SWOT analysis provide valuable insights into the industry’s key players.

Cloud Database and DBaaS Market Segment Analysis

Based on the research, Verified Market Reports® has segmented the global Cloud Database and DBaaS Market into Type, Application and Geography.

Cloud Database and DBaaS Market, By TypeDatabase Application DesignerInformation Scaling and ImitationBacking and RecoveryRecord EncryptionCloud Database and DBaaS Market, By ApplicationBFSIGovernmentMedia and EntertainmentRetailManufacturingIT and TelecomCloud Database and DBaaS Market, By GeographyNorth AmericaU.S.CanadaMexicoEuropeGermanyFranceU.K.Rest of EuropeAsia PacificChinaJapanIndiaRest of Asia PacificROWMiddle East & AfricaLatin America

Browse Related Reports:

Global Cloud Database Market By Type (Database Application Builder, Data Scaling and Replication), By Application (Small and Medium Business, Large Enterprises), By Geographic Scope And Forecast

Global Cloud Database Management Systems Market By Type (Multi-Cloud, Intercloud), By Application (Retail, Manufacturing), By Geographic Scope And Forecast

Global Cloud Data Platform Market By Type (Data Warehouse, Data Integration), By Application (Banking, Telcos), By Geographic Scope And Forecast

Global Cloud Database Security Market By Type (Public Cloud, Private Cloud), By Application (Retail, BFSI), By Geographic Scope And Forecast

Global Data Base Management Systems Market By Type (Database Operation Management, Database Maintenance Management), By Application (Data Management, Data Recovery), By Geographic Scope And Forecast

About Us

Verified Market Reports® ­stands at the forefront as a global leader in Research and Consulting, offering unparalleled analytical research solutions that empower organizations with the insights needed for critical business decisions. Celebrating 10+ years of service, Verified Market Reports has been instrumental in providing founders and companies with precise, up-to-date research data.

With a team of 500+ Analysts and subject matter experts, Verified Market Reports leverages internationally recognized research methodologies for data collection and analyses, covering over 15,000 high impact and niche markets. This robust team ensures data integrity and offers insights that are both informative and actionable, tailored to the strategic needs of businesses across various industries.

Verified Market Reports’ domain expertise is recognized across 14 key industries, including Semiconductor & Electronics, Healthcare & Pharmaceuticals, Energy, Technology, Automobiles, Defense, Mining, Manufacturing, Retail, and Agriculture & Food. In-depth market analysis cover over 52 countries, with advanced data collection methods and sophisticated research techniques being utilized. This approach allows for actionable insights to be furnished by seasoned analysts, equipping clients with the essential knowledge necessary for critical revenue decisions across these varied and vital industries.

Verified Market Reports® is also a member of ESOMAR, an organization renowned for setting the benchmark in ethical and professional standards in market research. This affiliation highlights Verified Market Reports’ dedication to conducting research with integrity and reliability, ensuring that the insights offered are not only valuable but also ethically sourced and respected worldwide.

Contact Us
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Verified Market Reports®
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Email: sales@verifiedmarketreports.com 
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Bernard Looney Appointed Chairman of the Board of Directors at Prometheus Hyperscale

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4 hours ago

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November 24, 2024

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Global energy executive joins Prometheus Hyperscale to accelerate sustainable data center growth and provide strategic counsel on $10B flagship project in Evanston, Wyoming

HOUSTON, Nov. 24, 2024 /PRNewswire/ — Prometheus Hyperscale, a leading developer of sustainable hyperscale data centres, is delighted to announce the appointment of Bernard Looney as Chairman of the Board of Directors.

Mr. Looney, former CEO of BP, brings to the role more than three decades of energy sector expertise – from the frontline to the boardroom. He will provide strategic guidance on the development of the company’s growth plans, including its $10B flagship data center in Evanston, Wyoming, which will be among the largest facilities of its kind in the world when completed.

The announcement of Mr. Looney’s appointment comes as societies and large technology companies grapple with how to power the explosive growth in artificial intelligence (AI). The International Energy Agency (IEA) estimates that by 2026 data centers globally will use over 1,000 terawatt-hours (TWh) annually, around the same as Japan uses today. Against this backdrop of soaring demand and squeezed supply, Prometheus is pioneering new standards in hyperscale data center operations.

These approaches include harnessing a variety of energy sources to power its data centers, including renewables, natural gas and possibly nuclear at a later date through our strategic partnership with Oklo. Prometheus aims for its data centers to not impact grid customers.

Another key challenge is the enormous amount of power and water used to cool data centers to prevent the servers from overheating. Prometheus Hyperscale uses a unique liquid cooling system that dramatically outperforms traditional air-cooling methods, reducing energy consumption by up to 50%. This system also utilises deep underground water reservoirs and captures the waste heat to reuse or sequester it. It’s believed that Prometheus Hyperscale’s flagship project will be the first hyperscale data center in the United States to combine liquid heat transfer and heat reuse technologies.

Founded by Trenton Thornock, an experienced leader in energy, finance and infrastructure, Prometheus Hyperscale’s flagship project in Evanston, Wyoming, promises to be the most advanced sustainable data center in the United States, and one of the largest in the world, when it becomes operational in 2025/26. The 1GW-capacity developed site will cover an area of 640-acres (one square mile), making it approximately three quarters the size of New York’s Central Park. Four further sites are currently earmarked across Arizona and Colorado.

As Chairman, Mr. Looney will ensure the successful execution of Evanston as well as Prometheus’s broader business goals. His appointment comes following the recent announcement that Trevor Neilson, a renowned climate technology entrepreneur and philanthropist, will serve as the company’s President.

It’s estimated that $1 trillion will be invested in the U.S. in data centers in the next five years – with an additional $1 trillion internationally.

Trenton Thornock, Founder and CEO of Prometheus Hyperscale commented: “Having Bernard Looney join as Chairman is a tremendous step forward for Prometheus. Bernard’s track record and transformative leadership in the energy sector aligns perfectly with our vision for the future of data centers. His insights, as well as his extensive operational and project delivery experience, will be invaluable as we bring our flagship project in Evanston, Wyoming to life and set new benchmarks for sustainable digital infrastructure.”

Trevor Neilson, President of Prometheus Hyperscale, commented: “Bernard is the perfect person to guide Prometheus as we form partnerships across the energy sector to access low-carbon electrons that will power the future of AI. His extensive industry experience and leadership will be instrumental as Prometheus establishes itself at the forefront of sustainable data center operations.”

Bernard Looney commented: “I am delighted to join Prometheus Hyperscale at this pivotal moment as the world grapples with the intersection of AI, Energy and Sustainability. Innovative power solutions are desperately needed to ensure that AI is unleashed to tackle some of the biggest global challenges including healthcare, economic growth, and the energy transition. We must work to find solutions that lead to Net Positive AI – where the benefits to our world outweigh any costs. The flagship Evanston project is one such solution and I look forward to lending a helping hand, working alongside Trenton, Trevor, and the entire Prometheus team to help bring this vision to life. I can’t imagine a more exciting challenge.”

Factsheet: Prometheus Hyperscale’s Flagship Project in Evanston, Wyoming

Prometheus’s site in Evanston, Wyoming, aims to redefine sustainable infrastructure in the data center industry, setting a new benchmark for operational excellence and environmental responsibility.

Key aspects of the project include:

Extensive Land and Power Capacity: The project encompasses a 12,000-acre ranch, including a dedicated 640-acre plot (about 1 square mile) for data center facilities. Prometheus has secured an initial 120 MW of grid power through Rocky Mountain Power, with plans for an additional 120 MW, ensuring robust power availability without curtailment risks.

On-Site Renewable and Low-Carbon Power Generation: With an on-site generation goal of over 1 GW, which will make it one of the largest data centers in the world, Prometheus is incorporating a mix of wind, solar and gas power sources. Additionally, the company has a strategic partnership with Oklo focused on next-generation fission-based nuclear power, delivering reliable, sustainable baseload energy to the campus.

High-Performance Fiber Connectivity: The Evanston site will connect directly to the Northern transcontinental fiber trunk, offering high-speed, low-latency connections between the East and West Coasts. With agreements for up to 400G of service and plans to scale up to 800G when commercially available, the project is poised to meet the rigorous connectivity needs of AI, cloud, and high-performance computing clients and to be one of the biggest data centers in the world.

Cutting-Edge Liquid Cooling Technology: Prometheus’s unique liquid cooling systems will be deployed to achieve unparalleled energy efficiency by capturing and reusing waste heat. This innovative solution is specifically engineered for high-performance computing environments and will play a critical role in reducing the carbon footprint of the facility.

Strategic Location and Access to Skilled Labor: Located 80 miles from Salt Lake City, Utah, the Evanston site benefits from proximity to a large, skilled workforce, bolstered by a regional Journeyman Lineman program focused on data center operations. This strategic location supports the project’s operational and expansion goals while reinforcing Prometheus’s commitment to regional economic growth.

For more information about Prometheus Hyperscale and its sustainability initiatives, please visit www.prometheushyperscale.com.

About Prometheus Hyperscale

Prometheus Hyperscale, founded by Trenton Thornock, is revolutionizing data center infrastructure by developing sustainable, energy-efficient hyperscale data centers. Leveraging unique, cutting-edge technology and working alongside strategic partners, Prometheus is building next-generation, liquid-cooled hyperscale data centers powered by cleaner energy. With a focus on innovation, scalability, and environmental stewardship, Prometheus Hyperscale is redefining the data center industry for a sustainable future.

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SOURCE Prometheus Hyperscale

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Sixth Avenue Custom Millwork Launches Revamped Website to Enhance Client Experience

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4 hours ago

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November 24, 2024

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Sixth Avenue Custom, a premier provider of custom millwork services for both home and business owners, has launched a revamped website designed to offer a more streamlined user experience, showcasing their custom woodworking and millwork services.

FREDERICK, Md., Nov. 24, 2024 /PRNewswire-PRWeb/ — Sixth Avenue Custom, a leading provider of custom millwork services, has unveiled its newly revamped website aimed at enhancing user experience and better showcasing its wide array of woodworking services. The updated website highlights the company’s dedication to creating high-quality custom cabinetry, millwork, and architectural details for residential and commercial clients while offering a modern, easy-to-navigate platform for users. As an industry leader in bespoke craftsmanship, Sixth Avenue Custom’s redesigned site now makes it even easier for potential clients to engage with their work.

Sixth Avenue Custom, a leading provider of custom millwork services, has unveiled its newly revamped website aimed at enhancing user experience and better showcasing its wide array of woodworking services.

Six generations ago, Ezra Beachley began crafting high-quality furniture with unmatched precision and care. Now, his great, great, great grandson Ryan Beachley carries that same ethos forward with Sixth Avenue Custom, a company set on maintaining tradition while embracing the future. “Our model and process is not the ordinary way of doing things. It’s unique, it’s custom, it’s the Sixth Avenue Custom way,” said Ryan. This philosophy of blending old-world craftsmanship with modern tools and technologies is front and center on the newly launched website. The updated site offers an engaging, user-friendly experience and showcases the company’s vast portfolio of exquisite residential and commercial projects—from bespoke cabinetry to intricate architectural millwork.

The updated website also introduces responsive design features, ensuring visitors can easily access the company’s portfolio and services across any device, from desktops to smartphones. In addition to a more polished look and feel, the website now offers smoother navigation, allowing users to browse through service offerings, explore more content about the company’s process, and quickly request consultations. By including a dedicated blog and expanded resource sections, Sixth Avenue Custom aims to educate clients about the nuances of custom millwork, giving them the knowledge they need to make informed decisions for their spaces.

If you’re looking for outstanding custom millwork solutions, visit Sixth Avenue Custom to view the newly enhanced website or schedule a consultation for your next project. The company’s dedicated team continues to push the boundaries of design and woodworking, ensuring each project exceeds client expectations. To learn more, explore the site at https://sixthavenuecustom.com or call Sixth Avenue Custom at 301-327-1504. Sixth Avenue Custom is located at 5907 Enterprise Court, Frederick, Maryland, 21703.

Media Contact

Mai-Lan Spiegel, 321 Web Marketing, 1 7038107557, mailan@321webmarketing.com, https://sixthavenuecustom.com/

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SOURCE Sixth Avenue Custom

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Don’t Miss These Incredible AiRROBO Black Friday Deals – Unbeatable Prices Await!

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6 hours ago

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November 24, 2024

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HONG KONG, Nov. 24, 2024 /PRNewswire/ — Black Friday is here, and it’s your chance to grab the best deals of the year! Whether you’re looking to upgrade your home, simplify daily chores, or spoil your furry friends, we’ve got you covered with massive discounts on top-rated products. Check out these must-have items at unbeatable prices, available for a limited time only.

AiRROBO T20+ Robot Vacuum: Revolutionize Your Cleaning

Original Price: $499.99
Black Friday Price: $199

The AiRROBO T20+ isn’t just a cleaning device—it’s your new best friend. Featuring cutting-edge USLAM Air 5.0 & LiDAR Navigation, this robot vacuum efficiently maps your home for flawless cleaning. With its 3-in-1 sweeping, vacuuming, and mopping function, the T20+ handles everything from crumbs to tough stains.

Add the hassle-free self-emptying station, a powerful HEPA filter, and an impressive 180-minute runtime, and you have a device that takes care of your floors without breaking a sweat. Control it effortlessly via app, voice, or remote, and enjoy spotless floors every day.

AiRROBO P20 Robot Vacuum: Clean Smart, Live Better

Original Price: $129.99
Black Friday Price: $64.99
Discount Code: 9TNGZLDR

The AiRROBO P20 is perfect for budget-conscious shoppers who want smart cleaning. It delivers powerful suction to remove dirt, pet hair, and debris from hard floors and carpets. Compact yet efficient, the P20 is ideal for apartments or smaller homes. Don’t miss the chance to grab this deal and simplify your life for a fraction of the price!

AiRROBO PG50 Pet Grooming Vacuum: Pamper Your Pets

Original Price: $99.99
Black Friday Price: $49.69
Discount Code: 4YUDMHIJ

Say goodbye to the mess of grooming your pets at home. The AiRROBO PG50 combines grooming and vacuuming in one handy device, capturing pet hair and dander as you groom. This is the perfect gift for pet lovers who want to keep their homes fur-free while pampering their furry friends.

Why Shop This Black Friday?

Black Friday is the ultimate shopping event of the year, offering discounts you won’t find anywhere else. These exclusive deals are available only from November 21 to December 2, so act fast before they’re gone.

Massive Savings: Up to 60% off premium products.Convenience: Shop online and enjoy fast delivery to your doorstep.Perfect Gifts: Find practical and thoughtful gifts for loved ones—or yourself!

How to Grab These Deals?

Visit the AiRROBO Amazon store.Use the provided discount codes at checkout to secure the sale price.Hurry! Stocks are limited, and these deals won’t last.

This Black Friday, elevate your home and lifestyle without breaking the bank. Don’t let these deals slip away—shop now and enjoy cutting-edge products at unbeatable prices. Your future self will thank you!

For more information

For any giveaway campaigns or new feeds, please join AiRROBO on Facebook, Instagram, Twitter, YouTube and Gleam.io.

About AiRROBO

AiRROBO is a smart home appliance brand with a focus on AI-enabled technologies. Supported by world-leading AI and humanoid robotic company, UBTECH Robotics, AIRROBO is aiming to bring the most cutting-edge technology to more and more households around the globe, making smart home a new norm of life. Find out more at us.air-robo.com.

CONTACT: Kristy Luo, sihui.luo@ubtrobot.com 

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