Wednesday 11 March 2015, Amsterdam
The new report recognizes the following companies as the key players in the Global Cloud-based Database Market: Amazon Web Services Inc., Google Inc., IBM Corp., Microsoft Corp., Oracle Corp., Rackspace Hosting and salesforce.com.
Other Prominent Vendors in the market are: Cassandra, Couchbase, MongoDB, SAP and Teradata.
Commenting on the report, an analyst from the report's team said: “One of the emerging market trends is the increased use of mobile and web applications, which has resulted in increased demand for advanced database solutions that can manage a large number of users.”
According to the report, one of the major drivers in the market is the increased generation of structured and unstructured data. Data are being generated from various sources in increasing variety, which calls for advanced database solutions, which is leading to increased demand for cloud-based database management as it provides large and cost-effective data storage space.
Further, the report security concerns constitute one of the major challenges confronting this market. Frequent cyber-attacks through the cloud on organizations have slightly decreased the demand for cloud-based database products.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.