The North American cloud database and DBaaS market are projected to grow at a significant CAGR during the forecast period. 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.
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)
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North American Cloud Database and DBaaS Market – Segmentation by Geography
- US
- Canada
