Global Cloud-based Database Market is expected to increase to $19514.50 million by 2021 from $2279.86 million in 2016, Growing at a CAGR of 53.63% from 2016 to 2021

Description :

1. Global cloud-based database market is relatively concentrated, industry vendors are mostly in the USA and Europe. The market is extremely competitive with vendors competing to gain a greater market share. Players in the market are constantly looking for ways to increase their market share through mergers and acquisitions and partnerships, as well as raising funding. Among them, Amazon Web Services is the world leading player in the global cloud-based database market with the market share of 41.41% in 2016, in terms of revenue.
 
2. Compared to 2015, cloud-based database market increased sales value by 30.04 percent to 2279.86 million USD worldwide in 2016. Overall, the cloud-based database market performance is positive, despite the weak economic environment. The global cloud-based database market is expected to increase to $19514.50 million by 2021 from $2279.86 million in 2016, growing at a CAGR of 53.63% from 2016 to 2021. 
 
3. The USA led the market during 2016, accounting for more than 34.7% of the market share. USA is one of the key contributors to the global cloud-based database market, followed by Europe. The report estimates this region to retain its market dominance until the end of 2021.
 
4. QYR expects an increasing uptake of the cloud-based database across the globe for efficient and effective storage of databases in the cloud. The adoption of this service is growing with increased confidence of organizations in cloud for critical applications and lower prices due to increased competition. This will help the users to concentrate on their core competencies which will result in better customer satisfaction.

 

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