Market Research Future (MRFR) emphasizes in its research report that the global Database Management System market 2020 is projected to rise exponentially over the review period, ensuring a significant market valuation of USD 63 billion and a healthy CAGR of 8 per cent over the review period.
Drivers and Restrictions
Information Management System is a technology that collects, stores, modifies, and removes data from databases. Growing application areas and high cloud computing adoption among small-scale businesses play a vital role in the growth of the DBMS industry. As the amount of digital content is growing across the world, the need for database centers and consequently cloud storage is expected to increase. The Database Management System plays a critical role in the IT and Communication industry, while the advent of cloud computing to handle huge data also leads to high DBMS adoption in other industries. One of the increasing DBMS application area is in the BFSI and Healthcare industry. Recent studies indicate that BFIS and healthcare sectors are hackers’ primary targets these days, and cloud computing allows these industries to protect and handle their sensitive data on a broader scale.
The demand for Database Management System is guided primarily by factors such as enhanced data sharing, data security, reduced data integration, while high hardware and software costs, high staff training costs, and technical personnel are some of the market’s constraints.
Segmental Analysis
The program for database management was segmented based on modules, forms, implementation, and industry. Includes parts- hardware and software. The market was segmented by category as relational, non-relational, while the industry includes-BFSI, IT & Telecommunication, Aerospace & Security, Media & Entertainment and Healthcare among others-on the basis of delivery (cloud, on-premises) and on the basis of industries. DBMS plays a key role in the IT and telecommunications industry, while the advent of cloud computing also boosts high DBMS adoption in other sectors. The study shows that BFSI and healthcare are more vulnerable to cyber-attacks, and cloud computing allows these sectors to protect and handle their sensitive data on a broader scale.
Leading Key Players in Database Management System Market are:
- Microsoft Corporation (U.S)
- Oracle Corporation (U.S)
- Embarcadero Technologies (U.S)
- Mark Logic (U.S)
- IBM Corporation (U.S)
- SAP AG (Germany)
- Hewlett-Packard (U.S)
- Amazon Web Services (Washington)
- Enterprise DB (U.S)
- Inter Systems (U.S)
- Cloudera (U.S)
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