The North America Cloud Database And DBaaS Market would witness market growth of 13.6% CAGR during the forecast period (2023-2029).
In addition to offering more scalability and greater availability of databases, DBaaS technologies offer capabilities comparable to conventional database management systems. For example, without configuring the systems or installing software for performance, it keeps data in the cloud and offers access without requiring physical hardware setup. As a result, businesses may scale up heavy workloads with ease by utilizing a cloud-based database.
Additionally, it offers capabilities like database replication across numerous locations as well as backup & recovery choices, which lowers security concerns. The market is expected to develop dramatically as business demand for these services rises. In addition, due to the increased need for structured data across numerous companies, cloud databases and DBaaS sales are also rising. Businesses need to be able to understand and use the insights drawn from enormous data sets in order to gain a competitive advantage. All of these DBaaS advantages are causing cloud database and DBaaS sales to soar across several industries.
American businesses place a high priority on digital transformation. They are frequently recognized as supporters of innovative technologies such as the Internet of Things (IoT), big data analytics, additive manufacturing, connected industries, augmented reality (AR), AI, virtual reality (VR), and machine learning (ML), as well as the most recent telecommunications technologies like 4G, 5G, and LTE. It is positive for future growth if American businesses employ cutting-edge technology. The existence of several providers as well as a higher rate of new technology adoption are expected to help this sector maintain its place in the market.
The US market dominated the North America Cloud Database And DBaaS Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $9,314.4 million by 2029. The Canada market is poised to grow at a CAGR of 16.2% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 15.1% during (2023 - 2029).
Based on Database Type, the market is segmented into Relational Database and NoSQL. Based on Industry, the market is segmented into Telecom & IT, BFSI, Manufacturing, Retail & eCommerce, Government & Public Sector, Healthcare & Life Sciences, Automotive, Media & Entertainment and Others. Based on Component, the market is segmented into Solution and Services. Based on Solution Type, the market is segmented into Storage and Database Management. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Deployment, the market is segmented into Hybrid, Public and Private. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Cloud Database And DBaaS Market is Projected to reach USD 38.9 Billion by 2029, at a CAGR of 15%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Google LLC (Alphabet Inc.), Nutanix, Inc., Oracle Corporation, IBM Corporation, SAP SE, Microsoft Corporation, Amazon Web Services, Inc. (Amazon.com, Inc.), Alibaba Cloud (Alibaba Group Holding Limited), Teradata Corporation, and Ninox Software GmbH.
By Database Type
By Industry
By Component
By Organization Size
By Deployment
By Country
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