Rising use of IoT and big data to drive Database Management System (DBMS) Market Growth

Database Management System (DBMS) Market

Database Management System (DBMS) Market By Type (Relational Database, NoSQL, Other RDBMS) By Deployment Model (On Premise, Cloud Based) By Organization Size (Small and Medium Enterprises, Large Enterprises) and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2023 – 2030

The global Database Management System (DBMS) Market is estimated to be valued at US$ 65.3 billion in 2022 and is expected to exhibit a CAGR of 10.8 % over the forecast period, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

A Database Management System (DBMS) is the combination of a group of computer software that offers several functions that enable entry, storing and recovery of data and accomplishes the way an information is arranged. Database Management System (DBMS) are a main part of the computer sector and are usually utilized for data-intensive uses such as social media, digital stores and financial amenities. Database Management System (DBMS) are accessible with some specific compounds such as log manager, database accessibility language, lock manager, and query supercomputer that guarantee users and claim programs have the required methods to interrelate with the database.

Competitive Landscape:

Key players involved in the growth of global Database Management System (DBMS) Market are Oracle Corporation, The Apache Software Foundation, The Postgresql Global Development Group, Amazon Web Services, Inc., IBM Corporation, MariaDB Foundation, Splunk Inc., Microsoft Corporation, Elasticsearch B.V, MongoDB, Inc. and others.

Market Key Drivers:

Rising use of big data analytics, IoT and cloud is expected to boost the growth of the global Database Management System (DBMS) Market. For instance, as per facts and figures around 24% of companies use big data analytics.

The rising popularity of e-commerce usage is anticipated to propel the growth of the global Database Management System (DBMS) Market. For instance, as per a published report around 2.14 billion people across the globe use e-commerce or online commerce.

Covid-19 Impact Analysis:

The Covid-19 outbreak positively affected the growth of global Database Management System (DBMS) Market as there has been a severe rise in the demand for effective DBMS to manage the data generated by remote employees and to offer remote accessibility to corporate resources. Operations or the storing or retrieval of information may be impeded by unsupportive hardware. Organizations in the market are continuously trying to solve such issues.

Key Takeaways:

The global Database Management System (DBMS) Market is anticipated to exhibit a CAGR of 10.8 % during the forecast period rising product launches and approvals. For instance, in May 2019, the IT Corporation Huawei Technologies, with headquarters in China, launched its new database management system, known as GaussDB.

Among regions, North America, Europe and Asia Pacific are expected to witness robust growth in the global Database Management System (DBMS) Market due to mergers and acquisitions, product expansions and rising use of big data analytics, IoT and cloud services. For instance, Big Data platforms enable U.S government agencies to use large volumes of data that are important for their daily operations.