DBMS Market Size, Share, Analysis, Growth Size & Trends 2031

Report Description

DBMS Market Outlook 2031

The global DBMS market size was USD 63.40 Billion in 2022 and is expected to reach USD 241.11 Billion by 2031 expand at a CAGR 16% during the forecast period, 2023 to 2031. Broad utilization of information in organizations is expected to drive the need for simplifying the information preparing and its administration across several departments.

The increasein novel information design that is advanced from associated gadgets, such as brilliant gadgets information, is projected to boost the executive’s inclination for information during the forecast period.

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A wide range of data is used in enterprise, which is expected to increase the need for streamlining the data processing and management across various divisions.Database management systems help enterprises to gain significant insights of their businesses; therefore, they are investing in data assets and data management resources and tools, which increase operational efficiency. Database management offers various benefits such as controlling data redundancy, consistency, sharing, and integration.

Enhanced database management provides better quality of information and improves the decision making and productivity of the firm. Database management system provides framework for privacy policies and security. Advancements in technologies are estimated to provide various opportunities for the vendors during the forecast period.

These solutions help in connecting core operational data with big data in order to boost the business value. Additionally, they are more favored among small and medium enterprises.

DBMS Market Drivers, Restraints, Trends, and Opportunities

• Introduction of novel data format, evolved from connected devices such as smart devices data is expected to drive the demand for database management solutions during the forecast period.
• Growing ubiquitous environment is projected to boost the database management system market.
• Recent innovation in the database management system provides enhanced flexibility and faster performance at reduced cost and is projected to be preferred by several end-use segments during the forecast period.
• Cloud-based solutions are anticipated to drive the market during the forecast period owing to its cost effectiveness and scalability.
• Availability of open-source solution is projected to hinder the market growth during the forecast period.
• Generation of extensive data in railways and airlines is projected to boost the adoption of database management solutions during the forecast period.
• Factors such as hardware performance, data complexity, developer expertise and broken key and records are projected to hamper the market growth of relational database management solutions during the forecast period.
• Increasing need to manage big amount of data collected every day, to get the relevant insights in telecom and retail sector is expected to drive the demand for database management solutions during the forecast period.

Scope of The DBMS Market Report

The report on the global DBMS market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Global DBMS Market Segment Insights

Relational segment projected to hold a significant market share

On the basis of types, the market is bifurcated into relational and non-relational. The relational segment is projected to expand at a significant rate during the forecast period due to increasing adoption of open-source database solutions.

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Software segment anticipated to constitute a large market share

Based on components, the global DBMS market is segmented into hardware and software. The software segment is anticipated to hold a large market share during the forecast period. Increasing demand for effective software solutions to manage the extensive pool of data is projected to spur the segment growth during the forecast period. The software segment is further divided into database application builder, backup and recovery, database encryption, and data scaling & replication.

Cloud-based segment expected to account for a major market share

In terms of deployments, the market is bifurcated into cloud-based and on-premise. The cloud-based deployment segment is expected to account for a considerable market share during the forecast period. Growing adoption of cloud-based deployment solutions in various small and medium enterprises owing to its flexibility and cost effectiveness is expected to boost the cloud-based segment during the forecast period.

The on-premise segment is expected to expand at a high CAGR during the forecast period. Growth of the on-premise segment is attributed to theutilization of information bases and data analytics.

Telecom/IT segment expected to represent a considerable market share

On the basis of end-use industries, the global DBMS market is segmented into banking & financial, government, hospitality, healthcare and life sciences, education, media & entertainment, professional service, and telecom & IT. The telecom/IT segment is expected to hold a major market share during the forecast period.

A large amount of data is generated by the telecom/IT sector, which increases the demand for data management solutions, which in turn, is expected to boost the demand for database management systems in the telecom/IT sector during the forecast period.

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Asia Pacific to account for a large market share

In terms of regions, the global DBMS market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to account for a large market share during the forecast period. Rising usage of cloud-based DBMS or database, as a service, is anticipated to fuel the market in the region during the forecast period.

The market in North America is anticipated to expand at a high CAGR during the forecast period. Growth of the market is attributed to the maturity of service providers and increase in adoption rate of DBMS in this region.

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