Business data/insights reside in databases, making them integral to business operations. As a result, IDC estimates that at least 75% of business applications interact with databases. With cloud-based application modernisation becoming the core strategy, databases also need to become cloud-ready and be flexible/cost effective, agile, and scalable to create and manage database operations.
Cloud is the infrastructure engine of digital business. But cloud adoption is moving beyond vanilla IaaS strategies.
The combined Public Cloud IaaS and PaaS market is forecast to have revenues of $400 billion in 2025 with a 28.8% CAGR for 2021-2025. Unstructured data analytics/data management and media streaming are forecast to be the fastest growing segments with CAGRs of 41.9% and 41.2%, respectively.
Deploying and scaling databases at the speed of applications and ensuring continuous security, patching, cloning, and data reduction capabilities is complementary to application modernisation on PaaS.
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