Global Database Management System Market to Boom At A CAGR of 8% during 2016-2022 – Avers MRFR.
Database Management System Market Report
Database management system is software that enables management of database by facilitating the users with various features such as data definition, data updates, data retrieval, user administration and others. The increasing demand for cloud-based data storage and management solution has led to the paradigm shift from file system to data management system.
Market Research Future (MRFR) has recently published a report asserting the global market for database management system is anticipated to expand and reach USD 63 Bn at a CAGR of 8% during the forecast period of 2016-2022.
Market Drivers and Restraints:
The augmented adoption of cloud-computing by small to large-scale enterprises, data security, improved data sharing and efficiency in the management of a large amount of data is generating demand for database management system in the global market. The inclination of organizations towards the adoption of advanced technology over traditional practices is driving the global DBMS market. Widespread usage of DBMS in various sectors such as aerospace and defense, healthcare, educational, government, manufacturing and others is fuelling the expansion of global database management system market.
The cost-effectiveness of the solution, easy accessibility of the data and effective data sharing within the organization are some of the major factors that are inducing the demand for DBMS causing the growth of global DBMS market. Inclination towards the adoption of cloud-based solutions for data management and data security is acting as a boost to the amplification of global database management system market. The incorporation of analytics in DBMS is one of the factors driving the global database management system market. However, the availability of open-source solution is likely to hinder the expansion of global database management system market.
Market segmentation:
The global database management system market has been segmented on the basis of component, deployment, type and industry. On the basis of component, the DBMS market is segmented into hardware and software. On the basis of deployment, the market is segmented into on-cloud and on-premise. On the basis of type, the global DBMS market is segmented as relational and non-relational. On the basis of industry, the market is segmented into BSFI, IT and telecommunication, aerospace and defense, media and healthcare among others.
Detailed Regional Analysis:
On the basis of region, the global database management system market is segmented into North America, Europe, Asia-Pacific and the rest of the world. Rapid proliferation of IT industry, technological advancement, high cloud computing deployment by middle and large scale enterprises and awareness about the benefits of DBMS has induced the demand for DBMS in this region. North America is anticipated to dominate the database management system market during the forecast period. Whereas, steady growth of the DBMS market is observed in the European region. The proliferation of BSFI, manufacturing, healthcare and other sectors is creating demand for DBMS in the developing countries are driving the DBMS market in the Asia-Pacific region.
Competitive Analysis:
The strategic mergers and acquisitions among the players are fueling the expansion of the global database management system market. The rapid increase in investment of leading players in research and development for launching cheaper and efficient products is fuelling the competition in the global market. The prominent players of the global database management system market are Oracle Corporation (U.S), Embarcadero Technologies (U.S), SAP AG (Germany), IBM Corporation (U.S), MarkLogic (U.S), Hewlett-Packard (U.S), Microsoft Corporation (U.S), Amazon WebServices (Washington), EnterpriseDB (U.S), InterSystems (U.S), Cloudera (U.S), MariaDB Corporation, Teradata and others.
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Database Management System Market Research Report- Forecast 2022 | MRFR
Global Database Management Systems Market is expected to reach at USD 63 billion with stable CAGR…
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