According to freshly published research by Technavio, the global database-as-a-service (DBaaS) market is expected to witness “spectacular growth” with a CAGR of more than 65% until 2020.
DBaaS is a cloud computing model that refers to the provision and distribution of information in which data files including text, images, and videos are made available to users on demand via the Internet.
This research report titled ‘Global DBaaS Market 2016-2020’, provides what Technavio calls an “in-depth analysis of market growth in terms of revenue and emerging market trends.”
“Growing adoption of mobile devices and smartphones coupled with the popularity of mobile apps have prompted companies to use DBaaS. With the ubiquity of smartphones and tablets, enterprises have realized the need to adopt solutions that allow access to data anytime and anywhere. The adoption of these mobility solutions help organizations access enterprise documents through smart devices,” said Amit Sharma, one of Technavio’s lead analysts for cloud computing.
“The cloud platform also allows users to access business-related and other enterprise documents from mobile devices to improve business efficiency. Through this, working professionals in an organization can seamlessly access and exchange organizational documents from remote locations as per requirements. Employees can also share organizational data simultaneously to synchronize with the business process,” added Amit.
To check out the full report, click here.