Database Management System Market Outlook
According to the report by Expert Market Research (EMR), the global database management system (DBMS) market size reached a value of USD 72.35 billion in 2023. Aided by the rapid digital transformation across sectors and the burgeoning demand for data storage and management solutions, the market is projected to further grow at a CAGR of 10.8% between 2024 and 2032.
A database management system is software that manages data, enabling efficient storage, modification, and retrieval for businesses and organisations. Database management system is crucial in helping organisations harness data for decision-making, improving operational efficiency, and enhancing customer engagement. Its primary functions include data security, consistency, integration, and availability.
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With increasing reliance on data to drive business strategies, organizations are heavily investing in advanced DBMS solutions to facilitate accurate data analysis, enabling them to gain actionable insights and make well-informed decisions, leading to database management system (DBMS) market growth.
The growing wave of digital transformation across sectors is driving the demand for scalable and secure database management system solutions. Enterprises are transitioning their operations to digital platforms, necessitating robust data management systems to support their IT infrastructure.
Cloud-based database management system solutions are gaining traction due to their scalability, cost-effectiveness, and remote accessibility. Cloud services allow businesses to manage their data efficiently without maintaining complex infrastructure.
As cyber threats become more sophisticated, organisations are prioritising data security. Database management system solutions with enhanced security features, like encryption and multi-factor authentication, are becoming essential to safeguard sensitive data, leading to database management system (DBMS) market expansion.
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Strict regulatory requirements across sectors demand data compliance. Advanced database management systems help organisations meet regulations like GDPR, HIPAA, and CCPA, ensuring data privacy and security.
As per the database management system (DBMS) market analysis, North America remains a dominant market due to advanced digital infrastructure and significant investments in data management technologies. The region’s strong presence of tech giants also contributes to market growth.
The European market is expanding with growing investments in data management to comply with strict data privacy regulations like GDPR. The adoption of cloud-based database management system solutions is also rising.
AI and machine learning are transforming these solutions, enabling intelligent data management, predictive analytics, and anomaly detection. Organisations are adopting AI-powered these to enhance data insights and streamline operations, leading to database management system (DBMS) market development.
The exponential growth of big data has driven the need for scalable database management solutions capable of managing and analysing vast datasets. NoSQL and NewSQL databases are gaining traction for big data applications.
Moreover, hybrid cloud strategies are becoming prevalent, offering flexibility and security. Organizations are adopting hybrid models to manage sensitive data on-premises while leveraging cloud benefits for non-critical applications. Furthermore, the rise of IoT and edge computing is necessitating localised data storage and processing. Edge database management solutions are helping organisations handle data closer to its source, reducing latency and improving efficiency.
Blockchain is emerging as a game-changer in database management system, offering immutable and decentralized data storage. Its applications are particularly valuable in sectors requiring high data integrity, like finance and supply chain.
Market Segmentation
The market can be divided based on the type, deployment model, organisation size, application, and region.
Market Breakup by Type
- Relational Database
- NoSQL
- Other RDBMS
Market Breakup by Deployment Model
- On Premise
- Cloud based
Market Breakup by Organisation Size
- Small and Medium Enterprises (SMEs)
- Large Enterprises
Market Breakup by Application
- BFSI
- Defence and Government
- Healthcare
- Oil and Gas
- Retail and Manufacturing
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global database management system (DBMS) market. Some of the major players explored in the report by Expert Market Research are as follows:
- Oracle Corporation
- Microsoft Corporation
- The Postgresql Global Development Group
- MongoDB, Inc.
- Elasticsearch B.V
- IBM Corporation
- MariaDB Foundation
- Amazon Web Services, Inc.
- Splunk Inc.
- The Apache Software Foundation
- Others
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