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| Database Management System (DBMS) Market |
The global Database Management System (DBMS) Market is estimated to be valued
at US$ 65.3 billion in 2023 and is
expected to exhibit a CAGR of 10.8% over the forecast period of
2023-2028, as highlighted in a new report published by Coherent Market
Insights.
Market Overview:
Database Management System (DBMS) refers to a software system that manages and
organizes the storage, retrieval, and updating of data in a database. DBMS
offers several advantages such as improved data sharing and data security,
efficient data integration, reduced data redundancy, and enhanced data
consistency. The increasing need for effective data management and the growing
volume of data generated by organizations across various industries are driving
the adoption of DBMS solutions.
Market Key Trends:
One key trend observed in the Database Management System (DBMS) Market is the
increasing adoption of cloud-based DBMS solutions. The cloud-based DBMS offers
several benefits such as scalability, flexibility, cost-effectiveness, and
improved data accessibility. With the rising adoption of cloud services and the
growing trend of digital transformation, organizations are shifting towards
cloud-based DBMS solutions to efficiently manage and process their data. This
trend is expected to drive the growth of the Database Management System (DBMS)
Market during the forecast period.
Database Management System Market:
The Database
Management System (DBMS) Market Size can be segmented based on type,
application, and deployment mode.
In terms of type, the dominating sub-segment is the relational database
management system (RDBMS). RDBMS is widely used due to its ability to store and
manipulate data in a structured format, making it suitable for various
applications such as financial systems, inventory management, and human
resources. With organizations increasingly relying on data-driven
decision-making, the demand for RDBMS is expected to remain high.
Key Takeaways
Market size related content:
The global Database Management System (DBMS) Market is expected to witness high
growth, exhibiting a CAGR of 10.8% over the forecast period
(2023-2028). This growth can be attributed to several factors. Firstly, the
increasing volume of data generated by various industries, including
healthcare, banking, and e-commerce, is driving the demand for efficient data
storage and management solutions. Secondly, the growing adoption of cloud
computing and big data analytics is further fueling the market growth.
Cloud-based database management systems offer scalability and flexibility,
enabling organizations to handle large amounts of data easily. Lastly, the need
for enhanced data security and compliance with regulatory standards is also
contributing to the market growth.
Regional analysis related content:
North America is expected to be the fastest-growing and dominating region in
the database management system market. The region has a well-established IT
infrastructure and a high adoption rate of advanced technologies, making it the
major market for database management systems. Moreover, the presence of key
players such as Microsoft, SAP, and SAS Institute in this region further
strengthens its position in the market. Additionally, the increasing focus on
data privacy and security regulations, such as GDPR in Europe and HIPAA in
North America, is driving the demand for robust database management systems.
Key players related content:
Key players operating in the Database Management System (DBMS) Market include
Microsoft, Neo Technology, SAP, SAS Institute, Objectivity, Pitney Bowes,
Compuware Corporation, Bradmark Technologies Inc., Mark Logic, Pivotal,
Software AG, Talend, TIBCO, Vision Solutions, and VoltDB among others. These
companies offer a wide range of database management systems catering to
different industries and applications. They are focusing on product innovation,
strategic partnerships, and acquisitions to gain a competitive edge in the
market. For instance, Microsoft Azure offers Azure SQL Database, a fully
managed relational database service, while Neo Technology offers Neo4j, a graph
database management system.
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