Cloud Database and Database as a Service (DBaaS) Market Revenue, Growth Opportunities and Dynamic Business by 2031Posted by Govind TMR on August 25th, 2022  The chief driver of the growth of the global cloud database and DBaaS market is the burgeoning use of cloud service for critical data storage. Driven by numerous factors such as availability, cost saving, seamless integration, upgradation, and flexibility, increasing number of companies are transferring data on cloud. Cloud database and DBaaS provide monetary advantages over conventional storage methods. Companies from heathcare, banking and insurance sector among others are located far off and are largely dependent on their websites. Hence, such companies choose cloud storage to decrease the cost of operations and thus increase productivity. Cloud databases are progressively used in non-traditional sectors such as social networking, online music stores, and online gaming among others. Moreover, due to the growing flexibility needs and increasing data traffic, numerous government departments such as finance, insurance, and defense are adopting cloud service. In spite of the strong growth drivers and surging trends, the major restraint for cloud database and DBaaS market is the growing criticality of data in cloud. Awareness about cloud security is comparatively low. The rising use of cloud databases have led to a rise in cloud attacks where user’s data is compromised, thus leading to identity theft. Moreover, the dearth of proper security standards for cloud database is also likely to act as a hindrance. At present, cloud platforms offer very little support for the purpose of database design related to virtual enhancement. With technological advances on boards, it is expected to provide opportunity for designing databases specific private clouds for large enterprises. Read more : https://www.tmrresearch.com/cloud-database-database-as-a-service-market Like it? Share it! More by this author |