The North American cloud database and DBaaS market are projected to grow at a significant CAGR during the forecast period (2020-2026). One of the major factors that propel the market growth in the region includes the rising adoption of cloud database services in the various verticals such as BFSI, IT & telecom, healthcare, and others. For instance, the financial service providers can develop an essential competitive advantage over companies that tackle the cloud on a piecemeal basis by integrating an extensive, enterprise-wide approach to cloud strategy. Moreover, cloud implementation can provide a centralized, fact-based delivery program that incorporates DevOps and automation.
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Moreover, the growing secure cloud servers in the region further encourage the enterprises to adopt cloud services that further propel the market growth during the forecast. As the secured internet servers are increasing rapidly, user’s demand for data processing more comprehensive analysis and data process integration also increases. The availability of a secure server results in increasing adoption of data applications such as image download, video sharing, etc. Further, the data accessibility of mobile devices has also led to the increasing demand for data sources such as video monitoring, medical imaging, sensor data, and global positioning system (GPS) information. Therefore, the rise in data sources further projected to encourage the demand for DBaaS thus propels the market growth.
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Market Coverage
- Study Period- 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segments Covered- By Database Type, Deployment Model, and by Industry
- Regions Covered- US and Canada
- Key Companies Profiled- Microsoft Corp., Google, LLC, IBM Crop. Oracle Corp., and Amazon Web Services, Inc., and others
Key Questions Addressed by the Report
- What is the market growth rate during the forecast period?
- Which segment/region dominates the market in the base year?
- Which segment/region will project the fastest growth in the market during the forecast period?
- How COVID-19 will impact the market growth in 2020 and the coming years?
- Recovery Timeline
- Deviation from the pre-COVID forecast
- Most affected region/segment
- Recommendations
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
North American Cloud Database and DBaaS Market – Segmentation
By Database Type
- NoSQL
- SQL
By Deployment Model
- Private Cloud
- Public Cloud
- Hybrid Cloud
By Industry
- BFSI
- IT & Telecom
- Healthcare
- Retail
- Energy and Utilities
- Media & Entertainment
- Others (Manufacturing)
This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.
