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Cloud Database Market To Reach USD 38.6 Billion at a CAGR of 14.80% by 2030 – Report by Market Research Future (MRFR)

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New York, US, March 07, 2023 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), “Cloud Database Market Research Report, by Database, Model, Component, Organization Size, End-User — Global Forecast till 2030, the market is anticipated to acquire a valuation of approximately USD 38.6 Billion by the end of 2030. The reports further predict the market to flourish at a robust CAGR of over 14.80% during the assessment timeframe.

Cloud Database Market Overview:

Due to the emergence of new technology like the Internet of Things, Market Research Future projects that the cloud database market will reach maturity in 2030. It is believed that the Internet of Things (IoT) and the growing popularity of database as a service (DBaaS) would revolutionise the IT industry as a whole. The growing adoption of cloud databases and DBaaS produces a value proposition that fosters corporate agility, lowers costs, enhances service resilience, guarantees performance, and provides a few other advantages. Value proposition is the creation of a number of features and services that make a company’s product alluring to buyers.

Nowadays, success in the cloud is fueled by value proposition combined with technology. In order to experience a distinctive and compelling breakthrough, numerous large organisations as well as small and medium-sized enterprises have implemented value proposition. The technology value proposition is also anticipated to be one of the key drivers of the cloud database market throughout the course of the forecast period. However, as it can expose corporate data to malware and hackers, rising privacy concerns are anticipated to restrain the growth of the cloud database market over the assessment period.

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The prominent players in the Cloud Database Market are

  • Google Inc. (US)
  • Amazon.com (US)
  • Oracle (US)
  • Microsoft (US)
  • IBM (US)
  • Salesforce.com Inc. (US)
  • Rackspace Inc. (US)
  • SAP AG (Germany)
  • CenturyLink (US)
  • CSC (Computer Science Corporation) (US).

Cloud Database Market Report Scope:

Report Metric Details
Revenue forecast in 2030 USD 38.6 Billion
Growth Rate CAGR of 14.80% from 2022 to 2030
Base Year 2021
Study Period 2022-2030
Key Market Opportunities Rapid adoption of new technology
Key Market Drivers Growing implementation of cloud database and DBaaS results in value proposition

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Scalability is seen as a system attribute that is desirable since it provides businesses with dependable and secure database services and solutions.

Scalability boosts database services’ elasticity and service velocity, guaranteeing that organisations may deploy data with ease. A database is balanced out by database scalability to ensure that it can hold a lot of data. Also, the database can handle large loads of continuously growing data traffic thanks to data scalability. Thus, one of the things driving the growth of the cloud database market is predicted to be scalability.

A cloud platform is used to create and deliver a service called a cloud database. Both the conventional and database as a service (DBaaS) environments are included. The conventional database is made up of a variety of both organised and unstructured content. Enterprises receive scalable and dependable database solutions because to it.

A computing infrastructure platform including public, private, and hybrid clouds houses a cloud database. A standard database environment that is used to run database software makes up DBaaS. Due to the quick adoption of cloud-based services and solutions due to benefits such as the elimination of physical infrastructure, ease of access, on-demand SQL, instantaneous scalability, and others, the service is scaled on implementation of instantly assigned computing solution, run-time, and storage of resources is expected to experience positive growth in the forecast period.

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Cloud Database Market Segments:

The database, model, component, organisation size, end-users, and geography segments of the cloud database market are used.

SQL databases and NoSQL databases make up the two segments of the cloud database market by type of database.

This market is divided into service model and deployment model based on model. The industry is further divided into public cloud, private cloud, virtual private cloud, and hybrid cloud based on service model. Database as a Service (DBaaS), Platform as a Service (PaaS), and Infrastructure as a Service are three segments of deployment models (IaaS).

The market is divided into software and service segments based on component. Database encryption, backup and recovery, data scalability and replication, database application builders, and other tools are the different market segments. The market is divided into three service categories based on type: deployment and maintenance service, system and network integration service, and training and consulting service.

The market is divided into major enterprises and small and medium-sized enterprises based on the size of the organisation.

The market is divided into categories based on end-users, including BFSI, healthcare, IT and telecom, government, academic, and others.

Cloud Database Market Regional Analysis:

The worldwide segments are broken down into North America, Europe, Asia-Pacific, and the rest of the globe.

During the assessment period, North American nations including the US and Canada are anticipated to dominate the cloud database market with IoT implementation and rising cloud-based service usage. Because IT organisations are becoming more and more dependent on cloud databases, there are numerous investments, research projects, and development activities going on in the US. As a result, users of cloud databases benefit from improved cloud infrastructure as well as network security.

The cloud database market is anticipated to grow as security-based applications become more widely adopted in Asia-Pacific. Asia-Pacific is therefore anticipated to have the market’s quickest growth during the time of forecast. Due to the leading IT businesses investing in the European markets, the managed database solutions market is anticipated to grow significantly in Europe.

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The market for cloud databases in North America is expanding quickly due to the rapid uptake of new technology. As a result, the region is anticipated to hold the greatest market share during the forecast period and hence dominate the market. A few nations in the region that are leading due to technological breakthroughs and rising use of cloud-based services are the US, Canada, and Mexico.

Major cloud database providers in the US, including Google Inc., Oracle, Amazon.com, IBM, and Microsoft, are upgrading cutting-edge technological architecture and offering cloud database network security. As IoT usage rises and small, medium-sized, and big businesses move their operations to the cloud, Asia-Pacific is anticipated to experience the market’s quickest growth. Because to their large client bases, China, Japan, and India are the top three nations in the region. Due to improved customer experiences, increased investments by tech giants like Microsoft, Intel, IBM, and others in the European IT sector, and other factors, Europe is predicted to grow rapidly during the forecast period.

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About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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Artificial Intelligence

LambdaTest launches LambdaTest extension for GitHub Copilot to make test automation pervasive across SDLC and drive developer productivity

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NOIDA, India and SAN FRANCISCO, May 22, 2024 /PRNewswire/ — LambdaTest extension for GitHub Copilot enables AI-powered bridge experiences by seamlessly integrating test and dev workflow. It acts as a test automation copilot, assisting developers with quality assurance capabilities across different stages in SDLC, right where they code.

May 22, 2024, Noida/San Francisco: LambdaTest, a leading cloud-based unified testing platform, announced the launch of the LambdaTest extension for GitHub Copilot. This innovative capability revolutionizes the way developers manage and execute test workflows within their integrated development environments (IDEs).
The LambdaTest extension seamlessly integrates with GitHub Copilot Chat bridging the gap between development and testing workflows. Developers can now trigger test execution directly from their GitHub and VS Code environment, eliminating the need to switch between multiple applications. This streamlined process enhances productivity and accelerates software delivery.
With LambdaTest extension, developers can initiate tests effortlessly with a simple command, bringing testing closer to their code. This capability not only saves time but also enhances collaboration among development and testing teams by providing a unified platform for managing quality software releases, faster.
Moreover, real-time feedback integrated into GitHub Copilot empowers developers to iterate more efficiently, at speed, ensuring the quality and stability of their codebase. By conveniently viewing regression run results within their coding environment, developers and testers can quickly identify and address potential issues or bugs, facilitating faster resolution and delivery of high-quality software.
“LambdaTest Extension for GitHub Copilot is a huge milestone in our commitment to enable devs and QA processionals worldwide with frictionless experiences to accelerate software delivery.,” said Mohit Juneja, VP, Strategic Sales and Partnerships, LambdaTest. “Gone are the days of switching between multiple applications; now, developers can design, trigger, and analyze tests with simple prompts in natural language, without switching context from the IDE.”
The benefits of the LambdaTest extension extend beyond just test execution. It also offers powerful analysis tools, allowing developers to dive deep into test data, identify trends, and make data-driven decisions to continuously improve code quality and stability.
LambdaTest remains committed to driving innovation in the field of software testing, and this capability is another testament to that commitment. By providing developers and testers with tools to streamline processes and deliver high-quality software efficiently, LambdaTest continues to support and empower software development teams worldwide.
The LambdaTest extension for GitHub Copilot is now available for developers and testers. To learn more and get started, visit https://github.blog/2024-05-21-introducing-github-copilot-extensions
About LambdaTest LambdaTest is an intelligent and omnichannel enterprise execution environment that helps businesses drastically reduce time to market through Just in Time Test Orchestration (JITTO), ensuring quality releases and accelerated digital transformation. Over 10,000+ enterprise customers and 2+ million users across 130+ countries rely on LambdaTest for their testing needs.
Browser & App Testing Cloud allows users to run both manual and automated tests of web and mobile apps across 3000+ different browsers, real devices, and operating system environments.HyperExecute helps customers run and orchestrate test grids in the cloud for any framework and programming language at blazing-fast speeds to cut down on quality test time, helping developers build software faster.For more information, please visit, https://lambdatest.com
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DeepL announces $300 million investment at $2 billion valuation fueled by global demand for AI language solutions

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Index Ventures led heavily oversubscribed round with participation from late-stage investment firms ICONIQ Growth, Teachers’ Venture Growth, and more Rapid enterprise adoption of DeepL has fueled the company’s growth in 60+ global markets for 100,000+ businesses, governments, and other organizationsDeepL’s Language AI Platform for business provides category-leading AI-powered translation and writing solutions COLOGNE, Germany, May 22, 2024 /PRNewswire/ — DeepL, a leading Language AI company, today announced $300 million of investment at a $2 billion valuation. Led by Index Ventures, the heavily oversubscribed round attracted strong support from new investors, who will bring their extensive expertise, connections, and resources to support DeepL’s growth and long-term vision to transform the way companies communicate around the world. Additional late-stage investors, including ICONIQ Growth, Teachers’ Venture Growth, and others, also participated, along with existing investors IVP, Atomico, and WiL.

“We’re approaching an inflection point in the AI boom where businesses who are racing to adopt the technology begin to discern between hype versus solutions that are secure and actually solve real problems in their business,” said Jarek Kutylowski, founder and CEO of DeepL. “This new investment comes during what is on track to be DeepL’s most transformative year yet and is a testament to the crucial role that our Language AI platform has in solving the complex linguistic challenges global companies face today. We’re highly focused on continued growth and innovation to expand our solutions and ensure they remain industry-leading in terms of quality, precision, and security. This will bring us closer to a future where every company, regardless of location, can operate seamlessly on a global scale with our AI.”
The new investment comes during a period of significant growth and momentum for DeepL, which has amassed a customer network of 100,000+ businesses, governments, and other organizations worldwide. This network includes Zendesk, Nikkei, Coursera, and Deutsche Bahn, who rely on its highly accurate and secure enterprise Language AI platform to deliver seamless communication, driving international growth and cost savings. In response to surging demand from global enterprises, DeepL has accelerated its expansion efforts and strategic investments into key markets over the past year. In January 2024, DeepL deepened its commitment to the U.S.—now its third largest market—by opening its first office in the region. The company continues to expand its team in the U.S. to support growing demand.
Within the last 12 months, DeepL has also substantially broadened its product offerings tailored for businesses. In April 2024, the company launched DeepL Write Pro, a writing assistant specifically tailored for business writing, powered by its own proprietary LLM technology. The company also continues to expand the range of languages supported by its platform with the recent additions of Arabic, as well as Korean and Norwegian, bringing its total number of languages to 32.
“DeepL’s runaway success is a bit of an ‘open secret’ in the business community,” said Danny Rimer, who led the investment from Index Ventures. “The company is exceptionally thoughtful about creating cutting-edge AI products that deliver real and immediate value to their customers. Jarek and the rest of the DeepL team are equally research and commercially minded – both of which are key to the company’s success.” Index Ventures is recognized for its investments in highly successful SaaS businesses like Figma, Slack, Wiz, and Scale AI.
Demand for AI solutions among global enterprises is on the rise. A recent IBM study found that 42% are already actively deploying AI and 40% are exploring its potential. Within this rapidly evolving landscape, DeepL is leading the way in applying AI to transform the $67.9 billion language industry, which is projected to grow to $95.3 billion by 2028.
Since its inception in 2017, DeepL has become the Language AI provider of choice for businesses across multiple industries including manufacturing, legal, retail, healthcare, technology, and professional services. The company’s specialized Language AI platform has become a critical investment for global businesses today, addressing a variety of communication challenges ranging from internal communications to customer support and international market expansion. Unlike general-purpose AI systems, DeepL’s cutting-edge translation and writing solutions rely on specialized AI models specifically tuned for language, resulting in more precise translations for a variety of use cases and a reduced risk of hallucinations and misinformation. In business translation and writing, accuracy is paramount, making specialized AI models the most reliable and preferred solution for language challenges.
DeepL’s Language AI platform is also proven to drive significant cost savings and efficiencies. A 2024 Forrester study revealed that the use of DeepL delivered 345% ROI for global companies, reducing translation time by 90% and driving a 50% in workload reduction, underscoring, in our opinion, the power of its platform for businesses looking to grow their revenue and enter new markets faster and at scale.
“At Zendesk we see first hand the power of infusing AI tools into customer experience, and DeepL’s industry-leading translation is a prime example,” said Adrian McDermott, CTO, Zendesk. “The ability to have accurate AI translation allows companies from startups to large enterprises the ability to scale globally, reaching prospects and existing customers in new ways. Zendesk’s open and flexible platform allows for seamless partnerships, and the tangible results we’ve seen so far from joint customers have us looking forward to continued work with DeepL.”
Looking ahead, DeepL will continue to invest in research and product innovation to strengthen its suite of leading AI communication tools for businesses. The company is also doubling down on global market expansion and talent recruitment across multiple areas including AI research, product, engineering, and GTM.
 
About DeepLDeepL is on a mission to break down language barriers for businesses everywhere. Over 100,000 businesses, governments and other organizations and millions of individuals in 63 global markets trust DeepL’s Language AI platform for human-like translation and better writing. Designed with enterprise security in mind, companies around the world leverage DeepL’s AI solutions that are specifically tuned for language to transform business communications, expand markets and improve productivity. Founded in 2017 by CEO Jaroslaw (Jarek) Kutylowski, DeepL today has over 900 passionate employees and is supported by world-renowned investors including Benchmark, IVP and Index Ventures.
Contact:Sebastian RiesOpeners [email protected]+49 1578 058 8488
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Hyundai Motor and Plus Announce Collaboration to Demonstrate First Level 4 Autonomous Fuel Cell Electric Truck in the U.S.

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Hyundai Motor and Plus collaboration aims to enhance road safety and freight efficiencies by demonstrating benefits of XCIENT Fuel Cell truck equipped with Plus’s Level 4 autonomous driving softwareHyundai Motor’s Class 8 XCIENT Fuel Cell truck featuring Plus’s Level 4 SuperDrive™ system is on display at the Plus ACT Expo booth (#2044)LAS VEGAS and SEOUL, South Korea, May 22, 2024 /PRNewswire/ — Hyundai Motor Company (Hyundai Motor) and autonomous driving software leader Plus today unveiled the first Level 4 autonomous Class 8 hydrogen fuel cell electric truck in the U.S. at the Advanced Clean Transportation (ACT) Expo, the largest advanced clean transportation technology and fleet event in North America.

A result of the collaboration between Hyundai Motor and Plus, Hyundai Motor’s XCIENT Fuel Cell truck, equipped with Plus SuperDrive™ Level 4 autonomous driving technology, is on display at the Plus ACT Expo booth (#2044).
The Level 4 autonomous XCIENT Fuel Cell truck is undergoing initial autonomous driving assessments in the U.S., making it the first-ever Level 4 self-driving test on a Class 8 fuel cell electric truck to take place in the country. The collaboration seeks to show that autonomous hydrogen fuel cell trucks can help make trucking safer, more efficient, and more sustainable.
“We are excited to showcase our collaboration with Plus to test Level 4 autonomous driving technology with our Class 8 XCIENT Fuel Cell truck,” said Martin Zeilinger, Executive Vice President and Head of Commercial Vehicle Development at Hyundai. “Hyundai Motor has been driving the energy transition paradigm with our advanced fuel cell technologies. By adding autonomous capabilities to our world’s first mass-produced hydrogen-powered XCIENT Fuel Cell truck, Hyundai is looking forward to providing fleets and vehicle operators additional solutions that enhance road safety and freight efficiencies thanks to Plus’s industry-leading autonomous driving technology.”
First introduced in 2020, Hyundai Motor’s XCIENT Fuel Cell truck has conducted commercial operations in eight countries worldwide, establishing a successful track record of real-world applications and technological reliability.
At last year’s ACT Expo, Hyundai introduced XCIENT Fuel Cell tractor, the commercialized Class 8 6×4 fuel cell electric model, powered by two 90kW hydrogen fuel cell systems and a 350kW e-motor, providing a driving range of over 450 miles per charge even when fully loaded.
Plus’s SuperDrive™ solution is being deployed across the U.S., Europe, and Australia. The system uses a combination of cutting-edge sensors, including LiDAR, radar and cameras, to provide surround perception, planning, prediction and self-driving capabilities.
“We are thrilled to collaborate with Hyundai Motor Company on this important initiative to create more sustainable and safe transportation options. A decarbonized future with autonomous hydrogen fuel cell electric trucks that also improve safety and efficiency is one that Plus is proud to support with our cutting-edge autonomous driving technology,” said Shawn Kerrigan, COO and Co-Founder at Plus.
Hyundai Motor and Plus have released a video highlighting their collaboration, which can be seen here: https://www.youtube.com/watch?v=_d19h_v7abo.  
About Hyundai Motor Company
More information about Hyundai Motor and its products can be found at: https://www.hyundai.com/worldwide/en/ or Newsroom: Media Hub by Hyundai
About Plus
For more information, visit http://www.plus.ai/.
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