The Europe Cloud Database And DBaaS Market would witness market growth of 14.3% CAGR during the forecast period (2023-2029).
Disaster recovery is a consideration in developing cloud databases and DBaaS solutions. Businesses can access information promptly and have less downtime because of data replication between servers. Together, these elements aided in the growth of the market. Due to the importance of encrypted cloud databases for distributed workforces like remote workers and multinational corporations with multiple locations, demand for cloud databases and DBaaS is increasing.
Services are being selected by more and more businesses for their cloud databases. In order to provide a higher level of performance, security, and a more specialized experience, they must do this. It's encouraging for cloud-based apps that NoSQL databases are becoming increasingly popular. This is because they are more flexible and scalable than traditional databases. Additionally, serverless architectures are becoming more and more common for cloud-based applications. This is because they can provide a more cost-effective and scalable solution. An increase in deployments using containers for software running in the cloud is becoming more popular. They may provide a solution that is more flexible and scalable.
The EU has highlighted the significance of clouds to the prosperity of the entire continent of Europe. This led to the EU's economic ministers launching a project called IPCEI-CIS, which stands for Important Project of Common European Interest for Next Generation Cloud Infrastructure and Services. This program aims to promote the development of cutting-edge infrastructures and services. Building networked, highly effective, climate-neutral, as well as energy-efficient systems is the aim of utilizing cutting-edge technologies. Germany significantly contributes to this approach, and its financial support will encourage tight cooperation among the other EU nations. Therefore, in the approaching years, these factors will support the regional market's growth.
The Germany market dominated the Europe 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 $2,508.3 million by 2029. The UK market is experiencing a CAGR of 13.3% during (2023 - 2029). Additionally, The France market would showcase 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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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