Growing Volumes of Data across Verticals to Augment the Global Database Management System (DBMS) Market Growth

Database Management System (DBMS) Market
Database Management System (DBMS) Market


Global Database Management System (DBMS) Market, by Type (Database Operation Management and Database Operation Maintenance), by Enterprise Size (Large Enterprise, Small Enterprise, and Medium-sized Enterprise), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2023-2030

Market Overview:

Database management system (DBMS) is software used to create and manage databases, allowing users to create, update, read, and delete data in the database. The software is used to store, retrieve, and run queries on data. DBMS serves as an interface between an end-user and a database, allowing users to create, update, read, and delete data in the database. DBMS help users share data quickly, effectively, and securely across an organization. By providing quick solutions to database queries, a data management system enables faster access to more accurate data. The software also provides a concurrent access mechanism that allows multiple users to access the same data simultaneously. This is especially important for organizations that require real-time data access.

Competitive Landscape:

Major players operating in the global database management system (DBMS) market are Microsoft, SAP, Neo Technology, SAS Institute, Pitney Bowes, Objectivity, Bradmark Technologies Inc., Mark Logic, Pivotal, Talend, Vision Solutions, TIBCO, VotDB, Informatica Corporation, Actian Corporation, Embarcadero Technologies, Software AG, MongoDB, InterSystems, iWay Software, HP, MetaMatrix, Compuware Corporation, and Enterprise DB Software Solution, among others.

Key Market Drivers:

Growing volumes of data across verticals is expected to augment the growth of the global database management system (DBMS) market during the forecast period. For instance, with the increasing volume of data across industries, the use of DBMS system is also increasing rapidly. In May 2023, Microsoft Access functions as a Database Management System (DBMS) launched by Microsoft is a component of the Microsoft Office suite and stores data in its format. It helps users to be able to analyze humongous amounts of information and manage data more efficiently.

Moreover, increasing adoption of database management system is expected to propel the growth of the database management system (DBMS) market. For instance, in May 2022, Google added a novel cloud database to its portfolio with the launch of AlloyDB, a fully-managed, PostgreSQL-compatible database for demanding enterprise-grade transactional/analytical workloads. AlloyDB is more than 4x faster on transactional workloads, and up to 100x faster on analytical queries than standard PostgreSQL, all with simple, predictable pricing.

COVID-19 Impact Analysis:

The outbreak of COVID-19 had a huge impact on the world of data management partly because remote working hasn't always been a norm. Moreover, database-as-a-service (DBaaS) technology has aided enterprises tasked with keeping data secure with IT professionals working from home during the pandemic. Which in turn increased the use or adoption of database management system (DBMS) across the globe, driving the growth of the market.

Key Takeaways:

·         In December 2022, ClickHouse announced the general availability of their newest offering, ClickHouse Cloud, a lightning-fast cloud-based database that simplifies and accelerates insights and analytics for modern digital enterprises. ClickHouse allows a company to turn their data into insights and innovation in near real-time, whether it’s a bank trying to detect fraud or a streaming service tracking the next blockbuster.

·         Among regions, North America and Asia Pacific are expected to witness significant growth in the global database management system (DBMS) market due to the growing volumes of data across verticals, increasing adoption of database management (DBMS) system, and increasing demand for automating repetitive database management processes in these regions.

For instance, in August 2022, Meta announced the launch of Velox, as open source execution engine for data management systems. Velox is a novel open source C++ database acceleration library that offers reusable, extensible, high-performance, and dialect-agnostic data processing components for building execution engines, and enhancing data management system. Velox is an open source unified execution engine aimed at accelerating data management systems and streamlining their development.

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