Find stats on top websites
Industry Landscape
The database technology industry, particularly around PostgreSQL and its extensions, is experiencing significant growth. There's a strong trend towards simplifying complex architectures, reducing service sprawl, and enhancing developer productivity. Backend-as-a-Service (BaaS) platforms are gaining traction, providing integrated solutions that combine database, authentication, and other backend functionalities. Open-source solutions continue to drive innovation and adoption.
Total Assets Under Management (AUM)
Database-as-a-Service (DBaaS) Market Size in United States
~30.9 billion USD (2023)
(24.9% CAGR)
- Driving factors include cloud adoption and digital transformation.
- Emphasis on scalability, flexibility, and cost-efficiency.
- Increased demand for managed database services.
Total Addressable Market
148.9 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Composable Databases
This trend focuses on breaking down monolithic databases into modular, interchangeable components, allowing for more flexible and specialized data management solutions.
Edge Computing Databases
Databases optimized for processing data closer to its source, reducing latency and enabling real-time insights for distributed applications.
AI-Powered Database Management
Integration of artificial intelligence and machine learning for automated database optimization, anomaly detection, and predictive analytics.
Impactful Policy Frameworks
California Privacy Rights Act (CPRA) 2023
The CPRA, an amendment to the California Consumer Privacy Act (CCPA), grants consumers more control over their personal data, including the right to correct inaccurate information and opt-out of sharing sensitive personal information.
Omnigres and its users must ensure their data handling practices within Postgres comply with stricter data privacy regulations, potentially requiring new features for data access and deletion requests.
NIST Privacy Framework Version 1.0 (2020)
The National Institute of Standards and Technology (NIST) Privacy Framework provides a voluntary tool to help organizations manage privacy risks by identifying and prioritizing actions to protect individuals' privacy.
While voluntary, adherence to the NIST Privacy Framework can serve as a best practice for Omnigres to demonstrate robust data privacy management, enhancing trust with customers, especially in regulated industries.
Cybersecurity and Infrastructure Security Agency (CISA) Directives (Ongoing)
CISA regularly issues Binding Operational Directives (BODs) and Emergency Directives (EDs) that mandate cybersecurity actions for federal agencies and provide guidance for critical infrastructure.
Although primarily for federal agencies, CISA's directives often set de facto standards for cybersecurity practices that Omnigres's enterprise clients may adopt, requiring Omnigres to ensure their solutions support high security and incident response capabilities.
Transform Your Ideas into Action in Minutes with WaxWing
Sign up now and unleash the power of AI for your business growth
