Global Cloud Database Market Segmentation by Application (Cloud Activity Monitoring, Access Management, User Authentication), by type (Public Cloud, Private Cloud, Hybrid Cloud), by End User (Consumer goods & Retail, Banking and Financial Institutions (BFSI), Transportation, Hospitality, Government), by Region (North America, Europe, Asia Pacific, South America, Middle East & Africa).
Various factors such as rising need for self-driving cloud databases, growing demand to process low-latency queries and increase in production of database workload and increase in the growth of Nosql database are expected to drive the market growth over forecast period. Many non-traditional divisions like social networking and online music stores are also moving to cloud databases, which are expected to create lucrative opportunities for global database market over the forecast period.
However, factors such as privacy and security of the data stored on databases and growing need to manage regulatory & compliance policy needs are restraining the market growth over forecast period.
By type, hybrid type is expected to dominate the global market with xx% of market share over forecast period. Hybrid Cloud databases are suitable for organizations that require fast and easy access to databases at any given time. Hybrid Cloud databases help organizations to focus on their core business areas, as they provide end-to-end solutions with data integrity and easy accessibility.
By geography, North America dominated the global market with xx% of market share in 2019 and is expected to keep its dominance over forecast period. Enterprises in the United States and Canada are most progressive in terms of the adoption of Artificial Intelligence (AI), Machine Learning (ML), and cloud adoption, thereby boosting the growth of the market. Moreover, the presence of major cloud database vendors such as Google (US), Microsoft (US), AWS (US), IBM (US) and Oracle (US) in this region is also driving the market growth over forecast period.
Report covers in depth analysis of key development and company profiles of market leaders, potential players and new entrants. Some of key players covered in this report are Google (US), Microsoft (US), AWS (US), IBM (US), Oracle (US), Alibaba Cloud (China), SAP (Germany), MongoDB (US), EnterpriseDB (US), Redis Labs (US), Tencent (China), Rackspace (US), Teradata (US), CenturyLink (US), Neo4j (US), DataStax (US), TigerGraph (US), MariaDB (US), RDX (US), and MemSQL (US) among others.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Cloud Database Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Cloud Database Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Cloud Database Market positioning of competitors.
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