The European cloud database and DBaaS market are projected to grow at a significant CAGR during the forecast period (2020-2026). The market is mainly driven due to the rising adoption of cloud services in small and medium enterprises (SMEs) in the country. The SMEs are significantly adopting the cloud database services due to various benefits such as flexibility, scalability, cost-efficiency, and others. Further, it is analyzed that 64% of the SMEs in Western Europe are already using cloud-based services, 78% of the businesses indicate that they are considering the purchase of new cloud-based services in the next 2-3 years. Therefore, the growing cloud adoption further offers significant growth to the market.
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Along with that, the rising number of secured cloud servers in the region is encouraging the demand for cloud database services in the region. The secured internet servers use high security for cloud operations and data storage that offers a secured safe cloud database for enterprises. Exponential growth can be seen in the total number of secure cloud servers in the country by the rising number of secure servers. As per the World Bank, there were around 1.8 million secure internet servers in the UK. As Germany is the largest economy in the region, the total number of organizations is on the higher side. According to OCED, in Germany, there were around 201,830 enterprises in 2018.
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European 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.)
