Market
Highlights
The
global database
management system market stands to benefit from the structural changes
taking place across industries, strong support from funding, hike in demand
from various end users, understanding of data as power, the involvement of emerging
economies, and others. Market Research Future (MRFR) points out in the report
that the market has a chance to cross USD 101.88 Billion by 2030 at 8.2% CAGR
during the forecast period encompassing 2020 to 2030.
Drivers
and Restraints
Information Management System is a technology that collects,
stores, modifies, and removes data from databases. Growing application areas
and high cloud computing adoption among small-scale businesses play a vital
role in the growth of the DBMS industry. As the amount of digital content is
growing across the world, the need for database centers and consequently cloud
storage is expected to increase. The Database Management System plays a
critical role in the IT and Communication industry, while the advent of cloud
computing to handle huge data also leads to high DBMS adoption in other
industries. One of the increasing DBMS application area is in the BFSI and
Healthcare industry. Recent studies indicate that BFIS and healthcare sectors
are hackers' primary targets these days, and cloud computing allows these
industries to protect and handle their sensitive data on a broader scale.
The demand for Database Management System is guided primarily by
factors such as enhanced data sharing, data security, reduced data integration,
while high hardware and software costs, high staff training costs, and
technical personnel are some of the market's constraints.
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Segmentation:
The report on the global database management system market
requires a proper understanding of various types, deployment, components, and
industry. This study also includes data that have been gleaned by experts using
parameters and scientific procedures to make them more reliable. Players can
use them to gauge market trends and then form strategies to reap maximum
benefit.
By components, the global market study of the database management
system market includes hardware and software.
By type, the understanding of the database
management system market includes a study of relational
and non-relational.
By deployment, the global report on the database management system
market includes a detailed study of cloud and on-premises. The cloud segment
has the opportunity to garner high revenues as it is witnessing a surge in
preference for its cost-efficient nature and ability to simplify the workflow.
By
industries, the report on the database management system market includes IT
& Telecommunication, BFSI, Media & Entertainment, Aerospace &
Defence, and healthcare. The IT & telecommunication sector, along with the
healthcare segment, is expected to benefit substantially.
Regional
Analysis
The geographical overview of the global market has been conducted
in four major regions, including the Asia Pacific, North America, Europe, and
the rest of the world.
Due to the involvement of multinational players that provide US
and Canada with a competitive edge, North America dominates the Database
management system market. Growing IT industry and high deployment by mid- and
large-scale enterprises of cloud computing are some of the major factor driving
the North American database management system market. DBMS software's
popularity across North America and Europe is rising largely due to increased
digitalization in nearly every sector and high preference for optimum data
management solution in those regions. In the DBMS market Europe is showing
steady growth. Fast growth in financial sector and healthcare contributes to
strong adoption of technology on premises and cloud storage. Asia-Pacific is
expected to expand at a rapid pace due to China and India's increasing
manufacturing and BFSI market. In addition, players based in China and Japan
invest heavily in developing powerful DBMS systems. In addition, growing focus
on implementing better data management solutions across many Asia Pacific
organizations is anticipated to bring prominent growth in the DBMS market.
Competitive Analysis
The
major market players operating in the global market as identified by MRFR are
Microsoft Corporation (U.S), Oracle Corporation (U.S), Embarcadero Technologies
(U.S), MarkLogic (U.S), IBM Corporation (U.S), SAP AG (Germany),
Hewlett-Packard (U.S), Amazon WebServices (Washington), EnterpriseDB (U.S),
InterSystems (U.S), Cloudera (U.S), among others.
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