Global Cloud Database Market worth US$ 56.1 Billion 2029 with a CAGR of 15.7 %

The report "Global Cloud Database Market, By Type (Public Cloud, Private Cloud, and Hybrid Cloud) By Industry Vertical (Retail, Banking and Financial Institutions (BFSI), Transportation, Hospitality, and Government), By Application (Cloud Activity Monitoring, Access Management, and User Authentication), and Region – Global Forecast to 2029" Global cloud database market is projected to grow from US$ 15.1 billion in 2020 to US$ 56.1 billion by 2029. Growing adoption of cloud based services in different types of end use industries, especially in developed economies is a key factor driving growth of the global cloud database market. In addition, divisions like social networking and online music stores are opting for cloud databases which is boosting growth of the target market.