The Database Software by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Database Software, The database software market size has grown rapidly in recent years. It will grow from $162.25 billion in 2023 to $186.97 billion in 2024 at a compound annual growth rate (CAGR) of 15.2%. The growth in the historic period can be attributed to technological development, digitization, economic growth, and increased simplicity of software.
The database software market size is expected to see rapid growth in the next few years. It will grow to $332.77 billion in 2028 at a compound annual growth rate (CAGR) of 15.5%. The growth in the forecast period can be attributed to increase in amount of data generated and increase in data driven businesses. Major trends in the forecast period include investing in security measures to counter cyber threats, adding a mobile-friendly version to the product list, offering the products and solutions on a subscription or pay-per-usage payment models, and investing in htap systems.
Businesses that engage with various types of data for analysis and making future decisions in today’s data-driven world must be able to store data without difficulties and with simplicity. The rise of data-driven firms and e-commerce companies will significantly drive and fuel the database software market on a global basis. For instance, according to Forrester, businesses that rely on database management software tools to make decisions are 58% more likely to beat their revenue goals than non-data driven companies. Therefore, this continued increase in data driven businesses drives the database software market.
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The database software market covered in this report is segmented –
1) By Type: Database Operation Management, Database Maintenance Management
2) By Deployment: Cloud, On-Premise
3) By End User: BFSI [Banking and Financial Services], IT & Telecommunication, Media & Entertainment, Healthcare, Other End-Users
Top Major Players:
Oracle Corporation
Microsoft Corporation
IBM
SAP SE
Amazon.com Inc
North America was the largest region in the database software market in 2023.
With Big Data gaining traction, database software companies are focusing on products to store and process Big Data. Databases such as SQL or NoSQL are tools to store, process and analyze Big Data. Efficient processing and storing of big data enable organizations to gather key insights and patterns from the available data and helps them in making intelligent decisions based on the same. Database software companies are therefore investing in adding new features to enable faster and more effective management of huge volumes of data. Some of the major database software tools include AWS DynamoDB, Azure Cosmos DB, and Amazon DocumentDB.
The database software market report table of contents includes:
1. Executive Summary
2. Database Software Market Characteristics
3. Database Software Market Trends And Strategies
4. Database Software Market – Macro Economic Scenario
5. Global Database Software Market Size and Growth
…
32. Global Database Software Market Competitive Benchmarking
33. Global Database Software Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Database Software Market
35. Database Software Market Future Outlook and Potential Analysis
36. Appendix
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