Managed Database Service Market Size, Share, Opportunities, And Trends By Type (Open Source Database, Closed Source Database), By Data Source (Images & Graphs, Hyper-Text, Documents, Others), By Service Type (Performance Tuning, Security Management, Backup & Recovery Management, Others), By Enterprise Size (Small, Medium, Large), And By Geography - Forecasts From 2023 To 2028

The managed database service market is estimated to expand steadily during the forecast period.

A managed database service is a cloud-based solution that offers consumers an outsourcing and optimized database management system. In a managed database service, the provider of cloud services handles various tasks related to databases such as installation, configuration, maintenance, security, and backups. The increasing adoption of cloud services and rapid technology advancements in database technology have emerged as a significant driving force behind the substantial growth of the managed database service industry.

Market Drivers

• Increasing adoption of cloud service bolsters the managed database service market growth.

Businesses are increasingly migrating their IT infrastructure to the cloud to take advantage such as scalability and adaptability, and managed database services connect with this development by providing effortless cloud-hosted database solutions. The growing adoption of cloud services coupled with new launches by major key players is anticipated to provide a positive market outlook for managed database services. For instance, in October 2023, Amazon Web Services (AWS) launched the AWS European Sovereign Cloud, a new independent cloud for Europe created to assist public sector clients as well as individuals in highly regulated industries in meeting the strictest regulatory data residency and operational standards.

• Growing technology advancements drive the managed database service market growth.

Ongoing developments in database technologies, as well as the launches of new features by managed service providers such as automated backups, emergency recovery, threat safety, and advanced analytics, are attracting businesses to adopt managed database service systems. Additionally, the growing efforts to improve the overall cloud infrastructure, and bolster the confidentiality & privacy of complex data in commercial establishments have led to an upward market trajectory. For instance, in November 2023, The PostgreSQL Global Development Group announced an update for all PostgreSQL-supported versions. This release addresses three safety issues and more than 55 bugs.

• Advanced scalability drives the managed database service market expansion

Numerous businesses demand scalable and flexible database solutions that can handle fluctuating workloads and growing data volumes. Managed database services allow users to scale resources according to demand by providing optimal performance. Additionally, as the volume of data expands the scalability of managed database services allows for the smooth accommodation of increasing datasets as well as distributed workloads. These factors increase the adoption of managed database services in numerous organizations which is positively impacting the overall growth of the managed database industry.

Asia-Pacific will experience a significant growth.

Asia Pacific is expected to account for a significant portion of the managed database service market due to the region's rapid adoption of cloud services as businesses are looking to take advantage of the scalability, cost-effectiveness, and flexibility of cloud-based solutions. Additionally, numerous key players are investing in cloud infrastructure which is also significantly driving the regional managed database service market growth. For instance, in May 2023, Amazon Web Services (AWS) recently revealed its plans to invest US $12.7 billion in cloud infrastructure in India to accommodate rising customer demand for cloud services.

Market Challenges

• Data migration complexity will restrain the managed database service market growth.

Migrating data is a critical factor for the managed database service. Moving existing databases to a managed solution or transferring between managed database providers can be difficult and time-consuming. To avoid disruptions during the transition, organizations need to establish and carry out data migration methods to prevent data losses. These factors may restrain the adoption of new managed database solutions which may hinder the database service industry.

Market Development

• November 2023- IBM and Amazon Web Services (AWS) collaborated to launch Amazon Relational Database Service, a completely managed cloud provider, designed to make it easier for database consumers to manage data for artificial intelligence (AI) operations across hybrid cloud environments.
• April 2022- Akamai Technologies Inc. announced the availability of a managed database service powered by Linode, with integration with MySQL, PostgreSQL, Redis, and MongoDB. Linode Managed Database from Akamai reduces database deployment, assisting developers in reducing risk, increasing efficiency, and reducing the complexity associated with the manual handling of production database clusters.
• July 2022- Oracle Corporation announced the launch of the Oracle Database Service for Microsoft Azure. Through this new completely managed service, Azure consumers can provision, access, and operate enterprise-grade Oracle Database services hosted on Oracle Cloud Infrastructure (OCI).

Company Products

• Synoptek Managed Database Service- Synoptek provides a suite of Managed Database Services that suit the diverse needs of businesses across industries. From ongoing patching, monitoring, and fine-tuning of applications to maintaining and upgrading users' existing databases.
• Buchanan Database Managed Service- Buchanan Database Managed Service offers a comprehensive solution for organizations seeking robust and reliable database management. With 24/7 monitoring and support, Buchanan ensures continuous oversight of databases, proactively identifying and addressing potential issues to enhance overall database uptime, efficiency, and performance. The service goes beyond easy maintenance by incorporating advanced measures to strengthen database security and protect critical data from potential threats.
• Azure SQL Database- Azure SQL Database is built on the SQL Server Database Engine architecture, which had been optimized for the cloud to ensure high availability even in systems failure. It includes a containerized high-fidelity emulator and a Visual Studio Code extension for developing and testing locally.
• IBM Cloud Database Solutions - IBM Cloud database solutions provide a comprehensive collection of managed data and analytics services. These solutions deal with the data-driven needs of application developers, data scientists, and IT architects by utilizing a hybrid, open-source-based method.

Segmentation

• By Type
  • Open Source Database
  • Closed Source Database
• By Data Source
  • Images & Graphs
  • Hyper-Text
  • Documents
  • Others
• By Service Type
  • Performance Tuning
  • Security Management
  • Backup & Recovery Management
  • Others
• By Enterprise Size
  • Small
  • Medium
  • Large
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Indonesia
    • Australia
    • Others