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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.

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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.

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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.

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Verified Market Reports®
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CompTIA Community recipient of IT Nation Torch Award

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Named Community of the Year at IT Nation Connect 2024

DOWNERS GROVE, Ill., Nov. 8, 2024 /PRNewswire/ — The CompTIA Community is pleased to announce it was honored with the prestigious IT Nation Torch Award as Community of the Year by the IT Nation, a global community of peers, thought leaders, and experts dedicated to elevating the IT ecosystem to new heights.

The CompTIA Community was recognized by IT Nation for its outstanding collaboration, engagement, and support for its members and the industry through knowledge-sharing, networking, and professional growth.

“Knowing that the IT Nation Torch Award comes from peers, thought leaders, and experts who are collectively pushing the industry to new heights makes it especially humbling for us,” said MJ Shoer, chief community officer at CompTIA. “We’re honored and proud to provide the industry with a global community that is committed to helping every channel professional and business succeed.”

“We are thrilled to introduce the IT Nation Torch Awards, celebrating excellence within the IT community,” said Gregg Lalle, senior vice president and general manager of IT Nation. “These awards aim to recognize the remarkable achievements and contributions of individuals, organizations, and media professionals who have made a significant impact on the industry. We invite all members of the IT community to participate in this exciting awards program and join us in honoring the best and brightest in our industry.”

The CompTIA Community is the leading global, vendor-neutral and non-profit technology channel association for MSPs, vendors, distributors, and other companies serving the technology ecosystem. It is a trusted group of industry peers who have access to exclusive tools and resources needed to build a thriving business and contribute to the growth of the IT channel. This community includes regional groups around the world; cybersecurity resources, such as the Information Sharing and Analysis Organization (ISAO) and Cybersecurity Trustmark; market research; events; industry education and training and more.

IT Nation Torch Award winners were nominated by leaders across the IT ecosystem and recognized for their exceptional dedication, innovation, and commitment within the IT channel community. Awards were presented tonight at IT Nation Connect, a top annual industry conference focused on education, inspiration, and networking to help individuals solve MSP challenges and grow. For more information about the IT Nation Torch Awards, including nomination details and eligibility criteria, visit https://www.connectwise.com/theitnation.

About CompTIA 
The Computing Technology Industry Association (CompTIA) is a leading voice and advocate for the $5 trillion global information technology ecosystem; and the estimated 75 million industry and tech professionals who design, implement, manage, and safeguard the technology that powers the world’s economy. Through community, education, training, certifications, advocacy, philanthropy, and market research, CompTIA is the hub for unlocking the potential of the tech industry and its workforce. http://Connect.CompTIA.org

About IT Nation
The IT Nation is a vibrant and inclusive community that brings together the brightest minds from Managed Solution Providers (MSPs) and IT channel vendors worldwide. Our shared culture, rooted in the Go-Giver philosophy, enables us to harness collective wisdom for mutual growth. Our mission is to empower individuals who align with this worldview by providing purpose-built tools and success frameworks. These resources are designed to help our members define goals, create strategic plans, and execute with precision. At IT Nation, we are dedicated to cultivating an environment where innovation, education, planning, accountability, and celebration serve as the pillars of success. The IT Nation inspires excellence, collaboration fuels advancement, and shared success drives us toward our mission: Wise Together, Rise Together. Learn more at https://www.connectwise.com/theitnation.

Media Contacts
Steven Ostrowski
CompTIA
sostrowski@comptia.org
+1.630.678.8468

Inkhouse for ConnectWise
ConnectWise@Inkhouse.com

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SOURCE CompTIA

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Notice of Data Security Incident

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SCHAUMBURG, Ill., Nov. 8, 2024 /PRNewswire/ — Set Forth, Inc. (“Forth”) and Centrex Software, Inc. (“Centrex”), are notifying individuals of a data security incident that may have impacted consumer personal information. Forth and Centrex provide cloud-based customer relationship management (CRM) solutions powered by the Set Forth platform. This platform allows businesses to collect and share consumer information, with their permission, between its users. Neither Forth or Centrex have any indication that any personal information has been used for fraud or identity theft.

On May 21, 2024, Forth and Centrex discovered suspicious activity from an unauthorized user on their systems. They immediately implemented their incident response protocols, began an investigation, and engaged independent computer forensic specialists to help. The investigation determined, on July 1, 2024, that the unauthorized user gained access to documents on their systems. The review of potentially impacted documents determined that the following data elements may have been contained in the documents: names, Social Security numbers, dates of birth, and addresses.

Letters are being mailed on November 8, 2024, providing recipients with information about what occurred, steps taken in response and offering credit monitoring and identity restoration services through IDX at no cost. Impacted individuals should also monitor their credit reports and financial statements for suspicious activity.

Forth and Centrex have taken steps to prevent a similar incident from occurring in the future, including hardening web application firewalls, completing additional third-party penetration testing, adding additional full-time resources for security specific code reviews and anomalous system user/activity behavior, and enhancing other existing security controls.

Individuals should contact 1-877-210-5107 Monday through Friday from 9 am – 9 pm Eastern Time to determine whether they were affected by this incident or if they have any questions. Forth and Centrex take the need to protect the privacy and security of all information in their respective care very seriously, and deeply regret any inconvenience or concern that this matter may cause.

View original content:https://www.prnewswire.com/news-releases/notice-of-data-security-incident-302299568.html

SOURCE Set Forth, Inc.

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Augmented Reality Market to Grow by USD 461.8 Billion from 2024-2028, as Rising Investments Drive Revenue with AI Redefining the Market Landscape – Technavio

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NEW YORK, Nov. 8, 2024 /PRNewswire/ — Report with market evolution powered by AI – The global augmented reality (AR) market size is estimated to grow by USD 461.8 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 46.1% during the forecast period. Increasing investments in AR technology is driving market growth, with a trend towards increasing AR integration in mobile devices. However, privacy concerns over ar technology poses a challenge.Key market players include Alphabet Inc., Atheer Inc, Dynabook Inc., Inglobe Technologies Srl, Marxent Labs LLC, Maxst Co. Ltd., Meta Platforms Inc., Microsoft Corp., Optinvent, PTC Inc., Qualcomm Inc., RealWear Inc., Samsung Electronics Co. Ltd., Seiko Epson Corp., Sony Group Corp., Ultraleap Ltd., Upskill, Vuzix Corp., Wikitude GmbH, and Zugara Inc..

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Component (Hardware and Software), End-user (Enterprise, Retail, Healthcare, Media and entertainment, and Others), and Geography (North America, APAC, Europe, South America, and Middle East and Africa)

Region Covered

North America, APAC, Europe, South America, and Middle East and Africa

Key companies profiled

Alphabet Inc., Atheer Inc, Dynabook Inc., Inglobe Technologies Srl, Marxent Labs LLC, Maxst Co. Ltd., Meta Platforms Inc., Microsoft Corp., Optinvent, PTC Inc., Qualcomm Inc., RealWear Inc., Samsung Electronics Co. Ltd., Seiko Epson Corp., Sony Group Corp., Ultraleap Ltd., Upskill, Vuzix Corp., Wikitude GmbH, and Zugara Inc.

Key Market Trends Fueling Growth

The augmented reality (AR) market is experiencing significant growth, with smartphone vendors like Apple and Samsung integrating hardware and software for AR mobile platforms. AR solutions enhance user experience and increase the value proposition of mobile devices, including smartphones, phablets, and tablets. The market expansion is driven by the popularity and penetration of AR technology in industries such as 5G providers, AR chipsets, AR glasses, automotive sectors, defense & aerospace industry, education, gaming, media and entertainment, medical education, retail, and safety management. AR applications offer benefits in areas like design and visualization, engineering, drug information, interactive showrooms, and professional training. Technologies like OLED and spatial computing are also contributing to the market’s growth. 

Insights on how AI is driving innovation, efficiency, and market growth- Request Sample!

Market Challenges

 Augmented Reality (AR) market encompasses various industries, including manufacturing, retail, education, gaming, and healthcare. AR technology offers enhanced experiences in sectors like automotive, drug information, and professional training. However, privacy concerns loom large due to the collection and processing of user data. AR can access personal information from social media and threaten user privacy through hacking. Smart glasses, with their ability to screen and process environments, raise privacy concerns for individuals and those around them. These challenges may hinder the AR market’s growth during the forecast period.

Insights into how AI is reshaping industries and driving growth- Download a Sample Report

Segment Overview 

This augmented reality (ar) market report extensively covers market segmentation by

Component 1.1 Hardware1.2 SoftwareEnd-user 2.1 Enterprise2.2 Retail2.3 Healthcare2.4 Media and entertainment2.5 OthersGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Hardware- The Augmented Reality (AR) market is segmented by component into hardware and software. The hardware segment, which includes AR glasses, chipsets, and smartphones, is currently leading the market in terms of revenue share in 2022. This dominance is attributed to the expanding use of AR technology in various industries and verticals, such as the manufacturing industry for quality control and operations, media and entertainment for experiences, and the medical industry for medical education and augmented surgeries. Meta, a tech giant, and several startups are investing heavily in AR technology, leading to the development of advanced AR devices like Mixed reality (MR) smart glasses using OLED technology. The retail industry is also leveraging AR for virtual fitting rooms and virtual walkthroughs, while the automotive sectors are using AR for brand engagement and design visualization. Spatial computing, 5G providers, and computer vision are other emerging areas in the AR industry. Stanford University and other institutions are conducting research in AR technology for safety management, professional training, and wellbeing applications. The AR hardware market is expected to continue its growth trajectory during the forecast period.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

In the dynamic and innovative realm of technology, the Augmented Reality (AR) market is experiencing unprecedented growth. This cutting-edge technology is revolutionizing various sectors, including media and entertainment, gaming, and retail industries. In the gaming sector, AR is enhancing user experience by overlaying digital information on the real world. The integration of 5G providers and computer vision technology is enabling seamless AR experiences on smartphones. Tech players and startups are investing heavily in AR research and development, focusing on spatial computing and design and visualization. In the media industry, AR is being used for training, quality control, and safety management in operations. Stanford University and other educational institutions are incorporating AR into their curricula to prepare the next generation of engineers. The AR industry is also making strides in the retail sector, offering virtual try-on features and enhancing the shopping experience.

Market Research Overview

The Augmented Reality (AR) market is a rapidly growing industry that blends digital information with the physical world, creating experiences for consumers. AR technology is used in various sectors such as education, healthcare, retail, and manufacturing. It enhances user experience by overlaying digital content onto real-world environments, providing valuable information and interactive experiences. AR is revolutionizing industries by improving productivity, enhancing customer engagement, and providing new opportunities for innovation. The market is driven by advancements in technology, increasing consumer demand, and investments from major industries. AR is expected to continue its growth trajectory, transforming the way we interact with the world around US.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ComponentHardwareSoftwareEnd-userEnterpriseRetailHealthcareMedia And EntertainmentOthersGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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