Trends In The Cloud Database Market
ComputerWeekly, Monday, July 8th, 2024
The cloud holds a large - and growing - percentage of enterprise data. While much of this growth comes from unstructured information, such as documents and media files, enterprises also still depend on structured data, stored in databases.
The global market for databases grew by 12.8% last year, according to analysts at Gartner, and is now worth some US$102bn annually. The bulk of that growth, though, is now in the cloud.
Gartner calculates that 61% of the overall database market is already in the cloud, with 91% of growth coming from cloud technologies.