Database as a Service Market Report: Trends, Insights, and Forecast for 2030

According to the study by Next Move Strategy Consulting, the Database as a Service Market size is predicted to reach USD 80.95 billion with a CAGR of 19.3% till 2030.

Database as a service (DBaaS) refers to a cloud-based software tool that ensures the accessibility of complex data conveniently and cost-effectively for businesses. DBaaS is used while managing and analyzing data with business intelligence in the data warehouse. DBaaS is enabled by software as a service (SaaS) technology that permits its users to manage, provision, configure, consume, and operate database software using common set
of abstractions. This software led to the improvement and standardization of performance, productivity, and data security of databases.

Additionally, DBaaS provides features such as database replication across multiple geographical locations and backup & recovery options that reduce security concerns. The provider of this service manages everything from periodic upgrades to backups to ensure the smooth workflow of the database system.

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