Database-as-a-Service or DBaaS has been growing substantially in the past few years. According to a comprehensive report by Market Research Future, DBaaS will continue growing at a CAGR of 36.9% and will reach over $61.42 billion by 2030. The report also attributes this notable growth to the many organizations adopting DBaaS to gain a larger competitive advantage. But what exactly is DBaaS, and what does it bring to the table?
Before we go into DBaaS, we must first understand its connection to big data technologies and cloud computing. Fact.MR points out that rapid digitalization in sectors such as finance, manufacturing, telecommunication, and many others influenced the widespread movement to the cloud. Of course, the COVID-19 pandemic also played a part in the urgency of this movement. Cloud computing, however, has helped organizations make sense of the vast amount of data generated and allowed them to organize information into databases.
Now we can move on to defining DBaaS and its purpose. DBaaS is essentially a cloud computing service model. Its primary goal is to provide users with access to a database without the need for physical servers, installing software, or setting up for performance. In most cases, all administrative tasks and maintenance are shouldered by the service provider. This allows the user or application owner to focus more on developing the application itself and expanding their enterprise.
Main Characteristics of DBaaS
DBaaS is a service that organizes, manages, and administers your data within the cloud. In conjunction with that, it also includes services for hardware provisioning and backup. These services are on-demand and dynamic, meaning you pay for a database platform that is tailored to the needs of your enterprise based on the resources available to you. Again, it also specializes in automating database administration and monitoring for convenience.
Main Benefits of DBaaS
Depending on your purpose of use, your methods, how much you’re willing to invest in it, and other factors, there are many benefits to using a DBaaS. Here are some of the most prominent ones:
1. Ease of Use
DBaaS streamlines database management tasks via one-click operations and eliminates time-consuming tasks. This article on how to create a database in MongoDB demonstrates how easy it can be with the help of Atlas, MongoDB’s DBaaS offering. Once you have a database, it’s only a matter of time before you learn how to create more complex collections and insert documents.
2. Improved Security
When you move your information to the cloud, you run the risk of data leaks and security breaches. However, according to a study published on ResearchGate, DBaaS providers prevent such instances from occurring through state-of-the-art backups, disaster recovery, and safety measures. It also upgrades your security for you via automatic patches updates as well as routine database maintenance.
3. Cost Efficiency
As we highlighted in our article ‘Could Your Business Benefit from Cloud Storage?’ business owners often struggle with working out which services and solutions to invest in. The use of DBaaS, however, is significantly cheaper than other cloud-based services. Most DBaaS companies also offer free tiers and flexible packages. Individuals can view investing in DBaaS as a good ROI strategy that will help their business grow.
Overall, DBaaS is a versatile service that is chosen by a wide variety of organizations. It’s also a rapidly evolving branch of cloud computing, so businesses that have adopted this particular technology earlier on will certainly gain an edge on their competitors. For organizations that are looking for investments and upgrades that will help them expand and modernize, DBaaS is a smart option to go with.