Cloud Database, DBaaS Market to Reach $14 Billion by 2019
[This article was written by Joanna Witkowski.]
When it comes to the technology they deploy, today’s companies need versatile and flexible solutions that enable them to successfully navigate the ever-complex business world.
As such, it shouldn’t come as much of a surprise that the cloud database and database-as-a-service (DBaaS) market is projected to grow from $1.07 billion this year to $14.05 billion by 2019. That’s according to research by MarketstoMarkets, which also projects that the segment will boast a compound annual growth rate of 67.30 percent over the next five years.
Thanks to the evolution of technology, businesses have access to more data than ever before. And when leveraged in real time, e-commerce retailers can use that data to better target sales.
Whereas traditional MySQL databases afforded business owners the ability to ensure atomicity, consistency, isolation and durability (ACID) in all transactions, they lacked the ability to concurrently process a significant number of requests. But new solutions—like Clustrix DB, a NewSQL cloud database that scales out—can accommodate a large influx of data while simultaneously processing a significant amount of ACID-compliant transactions.
By leveraging a cloud database that can scale with ease, businesses don’t have to worry about hiccups manifesting in the database that cause their e-commerce platform to grind to a halt. Instead, they can rest comfortably knowing that their data is stored securely in a flexible and cost-effective manner. This also means that they are able to direct more of their attention to their core competencies.
Traditional SQL database scaling is an issue. But thanks to solutions like Clustrix DB, it no longer has to be. Click here to learn more about how you stand to benefit from a cloud database. Once you make use of one, you’ll see why more businesses are adopting them.