The Global Database Management System market CAGR is 12.5% for the forecast period. Market size is estimated to reach almost 0.14391 billion by 2031.

Growing Demand

A database management software (DBMS) allows users to store and retrieve data using software with greater security. It employs specialized data handling algorithms to store interrelated data, such as tables, schemas, and reports. DBMS consists primarily of a query processor to communicate requests, a context-based database manager, and core storage and retrieval engine. It allows users to use a digital interface to access databases and manage them. It can also extract valuable insights for data analysis, business insight, and decision-making. DBMS is used widely in information technology (IT), financial services and insurance (BFSI), telecom, education, and transportation.

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Global Database Management Systems Market – Drivers and Restraints

Because of their functions, database management systems can remain relevant in the industry. They include reading, writing, updating, deleting, and creating. These functions are collectively known by CRUD and are responsible for the rising demand for database management software.

Database management systems also use complex algorithms that allow multiple concurrent users to access the database while maintaining data integrity. Database management systems are increasingly sought after due to their ability to manage enterprise-level data and provide security management and data storage management.

However, the main obstacle to the growth of the market for database management systems is that they are not being used in conjunction with evolving database structures such as big data.

Database Management System (DBMS) Market Trends:

One of the main factors driving the market growth is the growing demand for flexible, cost-effective solutions to manage data across different industries. DBMS has enhanced functions such as automatic backup, control over data redundancy, security, and scalability. Market growth is also driven by the widespread adoption of distributed, hierarchical, object-oriented, network-based DBMS systems. They can support traditional and augmented transactions and analytic processing using deep learning and other intelligence solutions. This is consistent with the fact that the coronavirus disease (COVID-19) spread has seen a substantial increase in demand for DBMSs to manage the data generated from employees who work remotely and to allow remote access to the company resources. Other factors include integrating connected devices to the Internet of Things and Artificial Intelligence (AI), in addition to extensive IT infrastructure improvements that are expected to drive market growth.

Key Companies

BMC Software
Oracle
IBM
CA Technologies
Couchbase Server
Enterprise DB Software Solution
Embarcadero Technologies
MongoDB
HP
InterSystems
MetaMatrix
Microsoft
Neo Technology
SAP
SAS Institute
Pitney Bowes
Bradmark Technologies
TIBCO
Vision Solutions
VoltDB

Key Market Segments

Type

Database Application Builder
Database Encryption
Backup
Recovery
Data Scaling
Replication

Application

Banking & Financial
Government
Hospitality
Healthcare and Life Sciences
Education
Media & Entertainment
Professional Service
Telecom & IT

Frequently Asked Questions

According to analysts, what CAGR will the global database management market growth during the forecast period?
What are the major driving forces and challenges facing the industry?
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