The Asia Pacific Cloud Database And DBaaS Market would witness market growth of 16.0% CAGR during the forecast period (2023-2029).
Data analytics has become ingrained in various industries owing to automation, which has contributed to the expansion of the cloud database and DBaaS sectors. This is because autonomous data models have been created utilizing AI and machine learning algorithms to fully automate change management, upgrades, provisioning, privacy, reliability, performance, and mistake prevention. Technologies like cloud computing remain in high demand since it lowers total infrastructure costs, which is expected to support the development of the markets.
One of the major driving forces is the rising sales of smartphones in tandem with the rising demand for mobile apps. In addition, the quick digitization of goods and services in the BFSI industry is making it more important than ever to manage the growing volume of data, fueling market expansion. Additionally, the prevalence of chronic diseases is rising, modern healthcare services are being widely used, and individualized preventative care and health management are receiving more attention, leading to an expansion of DBaaS applications in the healthcare sector. In addition, enterprises are using remote working models and cloud computing services to guarantee business continuity. Therefore, the demand for DBaaS solutions is also rising as it facilitates the remote exchange of documents.
The Government of India launched an ambitious project called "GI Cloud," also known as "Meghraj," to use and reap the advantages of cloud computing. The goal of this program is to speed up the delivery of e-services in the nation while maximizing the government ICT budget. The Ministry of Electronics and Information Technology (MeitY) has started several projects to encourage the adoption of the Cloud throughout the various agencies and departments and to streamline the associated processes. The market will likely be driven by the region's simplified government regulations and technological advancements.
The China market dominated the Asia Pacific 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 $3,145.1 million by 2029. The Japan market is estimated to grow a CAGR of 15.2% during (2023 - 2029). Additionally, The India market would experience a CAGR of 16.7% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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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