Cloud Database Market Size Worth $65.1 Billion By 2030: IndustryARC

Global Cloud Database Market size is predicted to reach $65.1 Billion by 2030, growing at a CAGR of 15.4% during the forecast period 2023-2030 according to the latest market research report published by IndustryARC. With the rise in the adoption of IoT technologies and the usage of cloud databases for computing in various organizations for different applications is analyzed to boost the Cloud Database Market. Moreover, the cloud databases provide the customers with improved performance, service resilience and so on, thereby enhancing the overall market demand for Cloud Database during the forecast period, and drug discovery., finds IndustryARC in its recent report, titled “Cloud Database Market – By Deployment Model (Public cloud, Private cloud, Hybrid cloud), By Relation (Relational, Non-Relational), By Database (SQL Database, NoSQL Database), By Software (Database Application Builder, Data Scaling & Replication, Backup & Recovery, Database Encryption and Others), By Services (Training and Consulting Services, System and Network Integration, Deployment and Maintenance), By Organization Size (Small and Medium Enterprises, Large Enterprises), By End User (BFSI, Retail, Healthcare and Life sciences, IT and Telecom, Education, Government and Public Sector and Others), By Geography – Global Opportunity Analysis & Industry Forecast, 2023-2030”

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North America to Register Highest Growth:

In 2023, North America region held the largest share of 42% in the Cloud Database market, followed by APAC and Europe. The major factor contributing to the major market share is the presence of large cloud database vendors including Amazon, Google, Oracle and so on, as they provide enhanced advanced technical architecture and cloud database security to the customers in this region thereby boosting the market during the forecast period 2024-2030. APAC is also analysed to grow at the highest rate during the forecast period owing to the increasing adoption of IoT and the major shift of the various enterprises towards cloud computing. Moreover, the significant rise in investments towards the shift of enterprises and the use of IoT in various applications including smart homes, roads and so on are boosting the Cloud Database Market

Cloud Database Market 2023-2030: Scope of the Report

 

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Cloud Database Market Report – Key Takeaways:

• Increased Demand for Real-Time Data Processing and Analytics

The rising demand for real-time data processing and analytics is a major driver of the cloud database market. Modern businesses require immediate insights from their data to make informed decisions, optimize operations, and enhance customer experiences. For example, cloud-native data warehouses and lakehouse architectures provide a unified platform for storing and analyzing structured, semi-structured, and unstructured data. In 2023, Microsoft has unveiled Microsoft Fabric – an end-to-end, unified analytics platform that brings together all the data and analytics tools that organizations need. It is an all-in-one analytics product that addresses every data analytics scenario with its core workloads, such as Data Factory, Data Engineering, Data Science, Data Warehousing, Real-Time Analytics, Power BI and Data Activator. In addition, in June 2024, SAP has launched apps like SAP Mobile Start and SAP Analytics Cloud, giving users the ability to create a spatial boardroom to visualize their entire enterprise. Now, with SAP Build Code, customers can easily bring their SAP apps to Vision Pro, iPhone, iPad, and Apple Watch. SAP is also leveraging the power of Apple’s Neural Engine to run SAP AI workloads securely and privately on Apple devices, supercharged by SAP BTP. As organizations increasingly leverage data to drive their digital transformation strategies, the need for cloud databases that support real-time processing and analytics will continue to be a key market driver.

• Growing Adoption of Cloud-Native Applications

The growing adoption of cloud-native applications is a significant driver of the cloud database market. Cloud-native development emphasizes building applications that fully leverage cloud computing advantages, such as microservices architecture, containerization, and serverless computing. These applications are designed to be scalable, resilient, and highly available, making them ideal for modern digital businesses. As businesses increasingly transition from monolithic to cloud-native architectures, the demand for cloud databases that can efficiently support these applications is on the rise. The shift towards cloud-native development is also driven by the need for faster time-to-market, as developers can quickly deploy and iterate on applications without the constraints of traditional infrastructure. It is predicted that by 2022, 75% of all databases will be deployed or migrated to cloud platforms, primarily for analytics and as part of popular SaaS offerings. Organizations are realizing the benefits of their cloud database investments in the form of cost and productivity savings — it’s unlikely the market will see a downshift any time soon. Cloud-native databases enable continuous integration and continuous delivery (CI/CD) practices, supporting agile development and enhancing overall productivity. As cloud-native adoption grows, so does the demand for cloud database solutions that can meet the evolving needs of modern applications.

• Data Security and Privacy Concerns

One of the most significant challenges facing the cloud database market is data security and privacy concerns. As organizations migrate their sensitive data to the cloud, they face increased risks of cyberattacks, data breaches, and unauthorized access. Cloud databases, while equipped with advanced security features, are still vulnerable to sophisticated threats such as ransomware, DDoS attacks, and insider threats, which can compromise data integrity and confidentiality. Data privacy regulations, such as GDPR, CCPA, and HIPAA, impose stringent requirements on how data is stored, processed, and managed, adding complexity to cloud database deployments. Moreover, data sovereignty laws in some countries mandate that certain types of data must remain within national borders, complicating cloud storage solutions that are often global in nature. These security and compliance challenges require robust encryption, regular security audits, and strict access controls, which can be costly and complex to implement. As data breaches and regulatory pressures continue to rise, addressing these security and privacy concerns remains a critical hurdle for the cloud database market.

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Key Opportunity Analysis:

Growth in Edge Computing and IoT Integration

The rise of edge computing and the Internet of Things (IoT) is creating new opportunities for cloud databases, particularly in scenarios where data needs to be processed close to the source to reduce latency and enhance performance. Edge computing involves processing data at the network’s edge rather than in a centralized cloud, enabling real-time data analysis and decision-making critical for applications such as autonomous vehicles, smart cities, and industrial automation. Cloud databases optimized for edge computing can support these decentralized environments by enabling seamless data synchronization between edge devices and central cloud servers. In September 2022, Alibaba said it will invest $1 billion over the next three fiscal years to support its cloud computing customers as the Chinese e-commerce giant looks to reignite growth after a historical slowdown. The investment consists of “financial and non-financial incentives, such as funding, rebates and go-to-market initiatives,” Alibaba said. While cloud is a small part of Alibaba’s overall business currently, the company’s management sees it as a critical component to future growth and profitability. As IoT devices continue to proliferate, the demand for edge-compatible cloud databases will increase, providing opportunities for database providers to develop solutions that cater to the specific needs of edge data processing, such as low-latency access, offline capabilities, and enhanced security.

Emergence of Quantum Computing

Quantum computing represents a transformative future opportunity for the cloud database market, promising to revolutionize how data is processed and analyzed. Quantum computers can perform complex calculations at unprecedented speeds, offering the potential to solve problems that are currently intractable for classical computers. For cloud databases, this means faster data processing, improved encryption methods, and the ability to handle massive datasets with unparalleled efficiency. As quantum computing technology matures and becomes more accessible through cloud platforms, cloud database providers can integrate quantum algorithms to offer next-generation data processing capabilities. This will create a competitive edge for early adopters and open up new revenue streams for cloud providers catering to industries that require cutting-edge computational power. For instance, in January 2023, the IBM Institute for Business Value (IBV), IBM’s thought leadership think tank, has published its Security in the Quantum Era report. This in-depth analysis of the quantum security landscape unveils the need for “quantum-safe” strategies today to maintain the integrity and security of highly sensitive data in the future. Additionally, the report maps out a clear path as to how organizations can work across their ecosystem to protect data from cybercriminals tapping into the power of quantum computers.

Development Increased Focus on Data Sovereignty and Regional Data Centers

With growing concerns about data sovereignty and compliance with regional data protection laws, there is a significant opportunity for cloud database providers to expand their network of regional data centers. Governments and regulatory bodies in many countries are implementing stringent data residency requirements, which mandate that data be stored within national borders. This trend is driving demand for cloud databases that can ensure data is stored and processed in compliance with local laws. For Instance, in July 2022, at its Inspire conference, Microsoft announced the launch of the Microsoft Cloud for Sovereignty, a new solution for public sector customers especially in Europe who need to be able to guarantee that their users’ data is stored and processed in a given region. The company will also offer a “Sovereign Landing Zone” to recommend and enforce compliance options using the same infrastructure-as-code and policy-as-code features as its Azure Landing Zone. As the regulatory landscape evolves, cloud databases that prioritize data sovereignty will be well-positioned to attract businesses looking to comply with local data protection laws while leveraging cloud technology.

Integration of Blockchain for Data Integrity and Security

Blockchain technology presents a unique opportunity for cloud databases, particularly in enhancing data integrity, security, and transparency. Blockchain’s decentralized ledger system can provide an immutable record of transactions, making it ideal for applications where data accuracy and traceability are paramount, such as in supply chain management, finance, and healthcare. By integrating blockchain with cloud databases, providers can offer solutions that ensure data cannot be tampered with, providing an extra layer of security and trust. This integration also supports smart contracts, enabling automated, secure transactions that are verified and recorded on the blockchain. As organizations look to enhance data security and integrity, particularly in industries where compliance and data provenance are critical, the fusion of blockchain and cloud databases offers a compelling value proposition. In June 2021, Microsoft has acquired ReFirm Labs of Fulton, Md., the company behind the Binwalk open-source software that identifies hidden security vulnerabilities in firmware, the software programmed into the memory of devices to provide basic hardware control. The deal, is the latest effort by Microsoft to improve the security of Internet of Things (IoT) devices. Providers that can successfully integrate these technologies will be able to attract customers seeking innovative solutions that combine the scalability of cloud databases with the security and transparency of blockchain.

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The report also covers the following areas:

• Cloud Database Market Size and Forecast
• Cloud Database Market Trends
• Cloud Database Market Analysis by Product Type

Cloud Database Market 2023-2030: Key Highlights

• CAGR of the market during the forecast period 2023-2030
• Value Chain Analysis of key stakeholders
• Detailed analysis of market drivers and opportunities during the forecast period
• Cloud Database Market size estimation and forecast
• Analysis and predictions on end users’ behavior and upcoming trends
• Competitive landscape and Vendor market analysis including offerings, developments, and financials
• Comprehensive analysis of challenges and constraints in the Cloud Database Market

Covid and Ukrainian Crisis Impact:

• The COVID-19 significantly accelerated the growth of the cloud database market as businesses rapidly adopted cloud technologies to adapt to the challenges posed by the pandemic. The shift to remote work, increased online transactions, and the growing need for digital transformation pushed companies to migrate their data and applications to the cloud, driving demand for cloud databases. Organizations sought scalable, flexible, and cost-effective solutions to manage the surge in data generated by remote operations and online services. Cloud databases provided the necessary agility and scalability, allowing businesses to quickly respond to changing market conditions without the need for significant upfront investments in infrastructure. Moreover, the pandemic highlighted the importance of real-time data processing and analytics, as companies needed instant insights to make critical decisions in uncertain times.
• The Russia-Ukraine war has had a complex impact on the cloud database market, primarily influencing growth through heightened cybersecurity concerns, supply chain disruptions, and increased geopolitical risks. The conflict underscored vulnerabilities in digital infrastructure and the growing need for secure, resilient data management solutions, prompting many businesses to accelerate their adoption of cloud databases to enhance data security and continuity. As cyberattacks intensified, particularly targeting critical infrastructure and financial institutions, organizations prioritized cloud-based databases for their advanced security features, such as encryption, automated threat detection, and robust backup solutions, driving market growth. However, the war also introduced challenges, including increased costs and supply chain disruptions that affected data center operations, particularly in Europe.

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List of Key Market Players in the Cloud Database Market:

The Global Cloud Database Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:

• Google Inc.
• Amazon Web Services, Inc.
• Oracle Corporation
• Microsoft Corporation
• IBM Corporation
• Rackspace Inc.
• Salesforce Inc.
• SAP SE
• Alibaba Group
• MongoDB, Inc.
• EnterpriseDB Corporation
• Tencent Cloud
• DataStax, Inc.
• Teradata
• Neo4j, Inc.

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Cloud Relational Database Market: is forecast to reach $41.3 billion by 2030, after growing at a CAGR of 16.8% during 2024-2030.

Cloud Computing Market: size is estimated to reach $1,933 billion by 2030, growing at a CAGR of 17.3% during the forecast period 2023-2030.

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