Database Management System (DBMS) Market Outlook
According to a new report by Expert Market Research titled, “Global Database Management System (DBMS) Market Size, Share, Analysis, Report and Forecast 2024-2032″, the global database management system (DBMS) market is projected to grow at a CAGR of 10.8% between 2024 and 2032. Aided by the growing need for efficient data management solutions and rising cyber-security threats, the market is expected to grow significantly by 2032.
A Database Management System (DBMS) is a software solution that enables the storage, retrieval, modification, and management of data in databases. It ensures data integrity, consistency, and security. DBMS is an indispensable tool for modern businesses, as it provides a systematic and organised approach to database management.
DBMS systems play a central role in the world of technology and business. From powering intricate ERP systems that help companies manage their internal processes to serving as the backbone of burgeoning e-commerce platforms, DBMS technology is everywhere. In the world of Big Data and the Internet of Things (IoT), the role of DBMS in managing and making sense of the vast amounts of data generated is becoming increasingly crucial.
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One of the primary key database management system (DBMS) market trends is the escalating volume of data generated by businesses and the growing need for efficient data management solutions. As organisations expand, their data grows exponentially. This data, if analysed and utilised correctly, can provide valuable insights that can help in strategic decision-making.
Moreover, the growing awareness and compliance requirements related to data security are propelling the database management system (DBMS) market demand. With rising cyber-security threats and the imposition of stringent regulations, such as the General Data Protection Regulation (GDPR) in Europe, companies are increasingly seeking DBMS solutions that can ensure the integrity and security of their data.
Furthermore, the advent of cloud-based DBMS solutions has democratised access to database management capabilities. Small and medium-sized enterprises, which could not afford the high upfront costs of traditional DBMS, are now significant adopters of these services, thereby supporting the market expansion.
North America accounts for a significant portion of the database management system (DBMS) market share, owing to its advanced IT infrastructure and the presence of numerous global corporations. The Asia Pacific region, however, is anticipated to exhibit the most rapid growth during the forecast period, propelled by its burgeoning economies, expanding industrial sectors, and increasing digitisation.
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Database Management System (DBMS) Market Segmentation
The market can be divided based on 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 the 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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