Overview and Scope
Database software is designed to create databases and store, manage, search, and retrieve information.
Sizing and Forecast
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.
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Segmentation & Regional Insights
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
North America was the largest region in the database software market in 2023. Asia-Pacific was the second largest region in the global database software market. The regions covered in the database software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the database software market report are Oracle Corporation, Microsoft Corporation, IBM, SAP SE, Amazon.com Inc., Teradata Corporation, MongoDB, Mark Logic, Couch Base, Redis Labs Ltd., Fujitsu, Amazon Web Services (AWS), Rocket Software, Pivotal, Software AG, PingCAP, Huawei, Datastax, InterSystems, SQLite, MariaDB, ScienceSoft, AI Software, SoftwareONE, Cyber Infrastructure Inc., 2Base Technologies Pvt. Ltd, Webtonic Solutions, Cygnet Infotech LLC
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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