Database Management System (DBMS) Market Shoots Up to USD 63 Billion by 2022 at 8% of CAGR: Asserts MRFR
PUNE, India, Aug. 16, 2017 /PRNewswire/ -- Market Research Future published a half-cooked research report on "Global Database Management System (DBMS) Market Research Report - Forecast to 2022" – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
Oracle Corporation (U.S), Embarcadero Technologies (U.S), SAP AG (Germany), IBM Corporation (U.S), MarkLogic (U.S), Hewlett-Packard (U.S), Microsoft Corporation (U.S), Amazon WebServices (Washington), Enterprise (U.S), InterSystems (U.S), Cloudera (U.S), MariaDB Corporation, and Teradata are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Database Management System (DBMS) Market.
Database Management System (DBMS) Market – Overview
The Global Market of Database Management System (DBMS) is growing rapidly mainly due to the augmented adoption of cloud computing in the small-scale enterprises. According to a recent study report published by the Market Research Future, the global market of Database Management System (DBMS) is booming and expected to gain prominence over the forecast period. The global Database Management System (DBMS) Market is anticipated to accrete to USD 63 Billion by 2022, at a striking CAGR of 8 % between 2016 and 2022.
The interactive database management systems market is undergoing a significant change, as enterprises go through digital transformation, including the embracing and leveraging of a wide variety of new data types and forms that do not lend themselves to relational representation, and as they move to the cloud.
The DBMS market is majorly driven by the factors such as improved data sharing, data security, minimized data integration. Database Management System is a technology which collects, store, modify and extract information from database. Growing application areas and high adoption of cloud computing among the small-scale enterprises are playing vital role in the growth of DBMS market. As the size of the digital content around the world is increasing, the need of database centers and cloud computing is expected to rise subsequently. Database Management System plays a vital role in the IT and Communication industry whereas arrival of cloud computing with respect to management of huge data's is also helping in high adoption of DBMS in other industries as well. One of the growing application areas of DBMS is in BFSI and Healthcare industry. Recent studies show these days BFIS and Healthcare sectors are the prime targets of hackers, and cloud computing is helping these industries on a broader scale to secure and manage their confidential data. Growing industrialization in Asian countries and high adoption of technology in the business process are pushing the market.
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The need of deployment such as Cloud-based solution showing rapid growth in recent years and is expected to be a primary driver over the forecast period due to its low cost and benefit. Due to increased security proliferation, organizations are upgrading their traditional data management systems and investing heavily in the field of R&D and DBMS to protect and safeguard confidential information.
However, factors such as DBMS' Complexity and large size along with the high cost of hardware and software, high cost of staff training & technical staff are expected to pose as a challenge to the market growth of DBMS market.
Database Management System (DBMS) Market - Competitive Analysis
Characterized by the presence of several major well-established players, the global Market of Database Management System (DBMS) appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. The Key players operating in the market compete based on pricing, technology, reputation and services. Marketers strive to provide combine open source and industry-leading solutions irrespective of the deployment of the data; whether the data is in the cloud, on-premises, or at the edge. They also strive to offer the data platform that supports the largest organizations with unmatched security, performance, and scale in big data infrastructure at a minimized cost of traditional tier 1 solutions.
Database Management System (DBMS) Market - Segments
Database Management System (DBMS) Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Type: Comprises Relational, Non-Relational
Segmentation by Component: Comprises Hardware and Software.
Segmentation by Deployment: Comprises On-Premise, and Cloud.
Segmentation by Industries: Comprises BFSI, Aerospace & Defence, Manufacturing, Healthcare, Media & Entertainment, IT & Telecommunication, Government, Retail.
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DBMS Global Market Regional Analysis
North America is dominating the market of Database management system due to the presence of global players which provide competitive advantage to U.S. and Canada. Growing IT industry and high deployment of cloud computing by middle and large enterprises are some of the major factor which is driving the market of database management system in North America. Europe is showing steady growth in the market of DBMS. High growth of financial sector and healthcare is leading to high adoption of on premises and on cloud database infrastructure. Asia-Pacific is expected to grow at rapid pace due to the growing manufacturing and BFSI sector in China and India. Also, players located in China and Japan are investing heavily in the development of efficient DBMS systems.
Browse Related Report
Global Operational Database Management Market is expected to grow from USD 28 Billion in 2016 to USD 60 Billion by 2022, at an estimated CAGR of 5%. However, security & privacy concern among the users is one of the major restraints affecting the market growth
https://www.marketresearchfuture.com/reports/operational-database-management-market-1978
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