Database-as-a-Service Market Share

On the basis of geographical analysis, the global database-as-a-service (DaaS) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America industry is poised to account for largest revenue share by 2037, on the back of high adoption of cloud computing amongst the tech-savvy population of Canada and the U.S. Moreover, adoption of Artificial Intelligence (AI), Machine Learning, and IoT are estimated to boost the regional market growth.

The database-as-a-service (DaaS) market in the Asia Pacific region is estimated to hold significant share and grow at the highest CAGR during the forecast period, owing to the increasing penetration of technology, such as, cloud computing and IoT, backed by technological advancement in the developing countries.