Frequently Asked Questions
After the epidemic provoked lockdowns all around the world, several industries were shut down or not operational for an extended length of time. As a result, there was a considerable rise in demand for cloud databases worldwide. However, the necessary market development for cloud databases was not produced by the industries that were made available as essential services. Cloud database sales increased due to the remote nature of industry activities.
North America accounted for the highest global Relational Database Service market share.
The market will be driven by data use on a broad scale as a result of increased awareness, and it is predicted that the market will progressively expand throughout the projected period.
Cloud-based had a major share in 2021 with around 60% of the market revenue share. Besides, it is also projected to witness the fastest growth.
The BFSI segment had a major share in the global market in 2021 and is projected to continue its dominance over the forecast period.