Cloud Database Market Size, Share By Type (Public Cloud, Private Cloud, and Hybrid Cloud), By Industry Vertical (Retail, Banking and Financial Institutions (BFSI), Transportation, Hospitality, and Government), By Application (Cloud Activity Monitoring, Access Management, and User Authentication) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Trends, Analysis and Forecast till 2034

Report Code: PMI51719 | Publish Date: May 2024 | No. of Pages: 186

Global Cloud Database Market By Overview

Cloud Database Market Size was valued at US$ 14.8 billion in 2024 and is projected to grow at a CAGR of 25.3%to reach US$ 115.5 billion by 2034.

Cloud database is a database that is deployed, delivered, and accessed in the cloud. Similar to conventional on-premises databases, cloud databases arrange and store organized, unstructured, and semi-structured data. They do, however, also offer many of the advantages of cloud computing, such as decreased prices, speed, scalability, and agility. A cloud database is one that is designed to manage, organize, and store data inside of an organization. It can operate in a public or hybrid cloud environment. Cloud databases can be placed on a cloud-based virtual machine (VM) and self-managed by an internal IT staff, or they can be provided as managed database-as-a-service (DBaaS).

Today, the amount of data being generated and gathered is increasing at an exponential rate. It's drastically different as well as more varied. information is currently challenging to combine data using conventional methods since information can exist across distributed cloud apps and services, as well as on-premises databases. Furthermore, the ability to analyse data in real-time is becoming crucial for business success; any lags or delays in getting data to mission-critical applications could have disastrous effects. 

Legacy databases confront substantial hurdles as cloud adoption picks up speed and our data usage habits continue to change. Flexibility, dependability, security, affordability, and other benefits are offered by cloud databases. supplying a strong basis on which to construct contemporary commercial applications. Specifically, they have the ability to quickly adjust to shifting needs and workloads without adding to the already heavy workloads of already stretched teams. 

Cloud Database Market Size

Global Cloud Database Market By Dynamics

Cloud Database Market Drivers:   

Reduced operational overhead

  • Cloud databases eliminate the management and maintenance of any physical infrastructure. Your cloud provider is responsible for provisioning, updating, and maintaining all the hardware, operating systems, and database software.

Improved agility and scalability

  • You can launch a new cloud database or decommission one in minutes. This allows you to test, operationalize, and validate new ideas faster. Plus, cloud databases can dynamically scale as your applications grow and deliver consistent performance under high load.

Lower total cost of ownership (TCO)

  • The cloud service provider owns and operates infrastructure allowing teams to focus on building applications. In addition, pay-as-you-go options lets you provision what you need, when you need it, and scale up or down depending on your usage.

Better reliability

  • Cloud platforms, including cloud databases, come with a host of built-in features designed to maintain constant connectivity and fulfil SLAs, including high availability, automated backups, and robust disaster recovery.

Restrains in the Cloud Database Market:

Privacy concerns

  • One factor impeding the growth of the cloud database market could be privacy concerns for data kept on the cloud. Cloud computing raises privacy concerns because the service provider has constant access to the data kept there. Furthermore, the company is able to accidentally, deliberately, or even completely remove the stored data. Furthermore, cloud service providers may disclose the information to third parties for law enforcement purposes even in the absence of a warrant. under addition, permission is granted under the privacy policy that users agree to before utilizing the cloud service. Therefore, a key barrier to the adoption of cloud databases and a major factor influencing market growth is the lack of privacy, which lowers user confidence.

Vendor lock-in

  • It can be costly and challenging for a business to move to a different cloud database provider after migrating its data to one. Their options and flexibility are restricted by this "lock-in" effect.  The adoption of proprietary data formats and APIs by cloud providers makes data migration difficult and expensive. Furthermore, businesses could grow dependent on the particular features and capabilities provided by their provider, making it challenging to locate a good substitute elsewhere. Because of the high switching costs associated with this lock-in, organizations may be less likely to switch, giving the vendor more clout when it comes to pricing and service offers.

Key Opportunities in Cloud Database Market:

Rise of the Internet of Things (IoT) and Big Data

  • Scalable and adaptable data storage solutions are becoming more and more necessary due to the proliferation of connected devices and the ever-increasing amount of data being generated. Cloud databases are an essential part of the IoT and big data environment because they are ideal for managing these enormous quantities and enabling real-time analytics.

Focus on Digital Transformation

  • Companies are changing digitally at a rate never seen before. To increase operational efficiency, scalability, and agility, essential applications, data workloads, and IT infrastructure must be moved to the cloud. Cloud databases, which offer an affordable and flexible platform for managing and storing data, are essential to these changes. They let companies grow their data processing and storage capacities on-demand, saving them from having to buy and maintain pricey on-premises gear. Businesses that are continuously developing and adjusting to shifting market situations need to have this flexibility. Furthermore, a greater range of integrated features and capabilities, like automated backups, high availability, and disaster recovery, are available with cloud databases, which can greatly lessen the IT load on companies.

Growing Adoption by SMEs

  • Cloud databases provide small and medium-sized businesses (SMEs) several advantages, including lower initial expenses, easier management, and better scalability. SMEs are anticipated to be a key factor in the growth of the cloud database market as cloud providers offer more accessible and economical options.

Global Cloud Database Market By Segmentation

Cloud Database Market is segmented based on based on by Type, Industry Vertical, Application, and Region.

Type Insight

  • Software - Cloud Database encompasses various platforms and tools designed to help organizations track, manage, and report their Environmental, Social, and Governance (ESG) metrics. Data Collection and Management Software tools automate the gathering of ESG-related data from various sources within an organization.
  • Services – This segment includes a range of professional services that support the implementation, customization, and utilization of ESG Reporting Software. Assistance with the installation, configuration, and customization of ESG reporting software. This ensures that the software meets the specific needs of the organization and integrates well with existing systems.

Deployment Mode Insights

  • Public Cloud - Public cloud is a type of cloud computing that delivers compute resources like servers, storage, databases, networking, software, analytics, intelligence and more over the internet to users.  Third-party providers of public cloud services oversee the cloud infrastructure and make it available to a variety of clients on demand. The term "public cloud" refers to computer services that are made available to anybody wishing to use or purchase them via the public Internet by third-party providers. Free or on-demand options are available, letting users pay only for the CPU time, storage, or bandwidth they use.
  • Private Cloud - Private cloud (also known as an internal cloud or corporate cloud) is a cloud computing environment in which all hardware and software resources are dedicated exclusively to, and accessible only by, a single customer. Private cloud integrates the resource customization, security, and access control of on-premises infrastructure with many of the advantages of cloud computing, such as elasticity, scalability, and ease of service delivery.
  •  Hybrid Cloud- A hybrid cloud, also known as a cloud hybrid, is a type of computing environment where data and applications can be exchanged between a public cloud and an on-premises data centre, also known as a private cloud. Some characterize "multi cloud" deployments of hybrid cloud infrastructure as a business using more than one public cloud in addition to its on-premises data centre.

Industrial Vertical Insights

  • Retail - Retailers with numerous storefronts and warehouses may track inventory levels in real time with the aid of cloud databases. This can boost productivity and help avoid stockouts. Customers' purchase history and preferences can be stored in cloud databases. Enhancing customer service and personalizing marketing campaigns are two uses for this data. E-commerce transactions can be swiftly and securely processed with the help of cloud databases. This is crucial for companies that depend on internet sales.
  • Banking and Financial Institutions (BFSI)- Massive data sets can be analysed using cloud databases to spot fraudulent activities. By doing this, banks and other financial institutions may be shielded from monetary losses. It is possible to evaluate the risk of lending money to borrowers by using cloud databases. Banks may be able to make better loan judgments as a result. Data can be tracked and stored in a way that complies with regulatory compliance standards using cloud databases. For banks and other financial organizations that must adhere to tight laws, this is crucial.
  • Transportation Shipments can have their location and status tracked in real time using cloud databases. This may contribute to cost savings and increased efficiency. Vehicle performance may be tracked and possible maintenance problems can be found using cloud databases. This can lessen downtime and increase safety.  Delivery trucks and other vehicles can have their routes optimized and traffic data analysed using cloud databases. Both delivery times and fuel costs may be shortened as a result.
  • Hospitality- Tracking visitor information and managing hotel reservations are possible with cloud databases. This can facilitate operations and enhance the visitor experience.  To maximize revenue for hotels, data on room rates, occupancy rates, and other aspects can be analysed using cloud databases.
  • Government- Data about citizens can be stored in cloud databases, which can also be used to monitor citizen-government interactions. Both public satisfaction and service delivery may benefit from this. Programs for social assistance can be managed and beneficiary progress monitored with cloud databases. This might aid in guaranteeing the efficient utilization of resources.

Application Insights

  • Cloud Activity Monitoring – Cloud database monitoring tools provide insights into the health and performance of cloud databases. Metrics including resource usage, database queries, and data throughput can be monitored via these tools. They are also capable of producing notifications for abnormalities or possible problems. Organizations may spot and fix performance bottlenecks before they affect customers or apps by keeping a close eye on cloud database activities. Tools for tracking cloud activities can also aid in making sure cloud databases are utilized effectively and safely.
  • Access Management - Cloud database access management tools control who can access cloud databases and what they can do with the data. These tools can be used to create and manage user accounts, assign permissions, and audit access logs.
  • User Authentication Cloud database user authentication tools verify the identity of users who attempt to access cloud databases. These tools can use a variety of methods for authentication, such as passwords, multi-factor authentication, and single sign-on (SSO).

Cloud Database Market Regional Insights:

On region the Cloud Database Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

  • North America This region is a dominant player in the cloud database market due to the presence of major cloud service providers like Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP), along with a high concentration of large enterprises that are early adopters of cloud technologies.
  • Asia Pacific This region is expected to be the fastest-growing cloud database market in the coming years. The growth is fuelled by factors like rapid economic development, increasing digitalization efforts, and a growing number of tech startups.
  • Europe The European cloud database market is experiencing significant growth, driven by factors like increasing internet penetration, government initiatives promoting cloud adoption, and growing awareness of the benefits of cloud databases. Stringent data privacy regulations in Europe, however, can influence the way cloud database services are offered and adopted.
  • Latin America The cloud database market in Latin America is still at a nascent stage, but it is expected to grow steadily in the coming years.  The growing adoption of smartphones and mobile internet is driving the demand for cloud-based solutions, including cloud databases.
  • Middle East & Africa The cloud database market in the Middle East & Africa region is also at an early stage of development. However, there is a growing interest in cloud technologies in this region, and the cloud database market is expected to see significant growth in the coming years, driven by factors like government investments in IT infrastructure and increasing oil prices in some parts of the region.

Cloud Database Market Report Scope:

Attribute

Details

Market Size 2024

US$ 14.8 Billion

Projected Market Size 2034

US$ 115.5 Billion

CAGR Growth Rate

25.3%

Base year for estimation  

2023

Forecast period       

2024-2034

Market representation       

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Type -Public Cloud, Private Cloud, and Hybrid Cloud

By Industry Vertical- Retail, Banking and Financial Institutions (BFSI), Transportation, Hospitality, and Government

By Application- Cloud Activity Monitoring, Access Management, and User Authentication

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Cloud Database Market report based on By Product, By End-User and Region:

Cloud Database Market, By Type:

  • Public Cloud
  •  Private Cloud
  •  Hybrid Cloud

Cloud Database Market, By Industry Vertical:

  • Retail
  • Banking and Financial Institutions (BFSI)
  • Transportation
  • Hospitality
  • Government

Cloud Database Market, By Application:

  • Cloud Activity Monitoring
  • Access Management
  • User Authentication

Cloud Database Market, By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Global Cloud Database Market By Key Players

The key players operating the Cloud Database Market include Google Inc., Amazon Web Services, Inc. Oracle Corporation, Microsoft Corporation, IBM Corporation, Rackspace Inc., Salesforce Inc., SAP SE, Alibaba Group, and MongoDB Inc.

Cloud Database Market Players

Global Cloud Database Market By Key Issues Addressed

  • In April 2024, Open-source vector database Qdrant launches hybrid cloud for enterprise AI apps. Qdrant Hybrid Cloud ensures complete database isolation, which allows customers to safely deploy a vector database in any chosen environment all without giving up on a managed service. Zayarni said this gives customers the best of both worlds without sacrificing the benefits of either, giving customers control over their data and giving them vector search capabilities to power their AI apps.
  • In February 2024, OVHcloud US Launches OVHcloud Managed Databases as a Fully Managed Cloud Platform for Today's Most Popular Databases. These services offer OVHcloud US clients a configure-and-forget solution to simplify the set-up and management of cloud databases to enable your IT team to focus on delivering value faster.

Global Cloud Database Market By Company Profile

  • Google Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategy Overview
  • Amazon Web Services Inc.
  • Oracle Corporation
  • Microsoft Corporation
  • IBM Corporation
  • Rackspace Inc.
  • Salesforce Inc.
  •  SAP SE
  • Alibaba Group
  • MongoDB Inc.

“*” marked represents similar segmentation in other categories in the respective section.

Global Cloud Database Market By Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Preview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Type
      • Market Snippet, By Industry Vertical
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Opportunity Map Analysis
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Market Trends
    • Product Launch
    • Merger and Acquisitions
    • Impact Analysis
    • PEST Analysis
    • Porter’s Analysis
  4. Market Segmentation, By Type, 2024 – 2034, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2024 – 2034
      • Segment Trends
    • Public Cloud
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
    • Private Cloud
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
    • Hybrid Cloud
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
  5. Market Segmentation, By Industry Vertical, 2024 – 2034, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2024 – 2034
      • Segment Trends
    • Retail
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
    • Banking and Financial Institutions (BFSI)
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
    • Transportation
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
    • Hospitality
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
    • Government
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
  6. Market Segmentation, Application, 2024 – 2034, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2024 – 2034
      • Segment Trends
    • Cloud Activity Monitoring
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
    • Access Management
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
    • User Authentication
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
  7. Global Market, By Region, 2024 – 2034, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2024 – 2034
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Type, 2024 – 2034
      • Market Size and Forecast (US$ Bn), By Industry Vertical, 2024 – 2034
      • Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
      • Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Bn), By Type, 2024 – 2034
      • Market Size and Forecast (US$ Bn), By Industry Vertical, 2024 – 2034
      • Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
      • Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Type, 2024 – 2034
      • Market Size and Forecast (US$ Bn), By Industry Vertical, 2024 – 2034
      • Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
      • Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
        • China
        • India
        • Australia
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Bn), By Type, 2024 – 2034
      • Market Size and Forecast (US$ Bn), By Industry Vertical, 2024 – 2034
      • Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
      • Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Bn), By Type, 2024 – 2034
      • Market Size and Forecast (US$ Bn), By Industry Vertical, 2024 – 2034
      • Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
      • Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa
  1. Competitive Landscape
    • Heat Map Analysis
    • Company Profiles
      • IBM Corporation
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Fortinet Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • McAfee LLC
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Gemalto NV
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Oracle Corporation
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Imperva Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Intel Security Group
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Informatica Ltd.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • EntIT Software LLC
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Axis Technology LLC.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Analyst Views
  2. Section
    • Research Methodology
    • About Us
    • Contact

FAQs

Cloud Database Market was valued at US$ 14.8 billion in 2024 and is projected to grow at a CAGR of 25.3%to reach US$ 115.5 billion by 2034.

Cloud Database Market is segmented into on the basis of type, application, and industry vertical.

Factors driving the Cloud Database Market include Reduced operational overhead, Improved agility and scalability, Lower total cost of ownership (TCO), Better reliability.

Restraints of the Cloud Database Market include Privacy concerns, Vendor lock-in.

By region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.

The key players operating the target market includes, Google Inc., Amazon Web Services Inc., Oracle Corporation, Microsoft Corporation, IBM Corporation, Rackspace Inc., Salesforce Inc., SAP SE, Alibaba Group, and MongoDB, Inc.