The global database management system (DBMS) market is anticipated to witness growth over the forecast period owing to widespread use of computer system. Extensive use of data in enterprises is anticipated to drive the need for streamlining the data processing and its management across diverse departments. Emergence of novel data format which has evolved from connected devices such as smart devices data is anticipated surge the demand for data management solution over the next seven years.
Growing ubiquitous environment is expected to contribute to growth of the database management system market. Enterprise looking to gain insight into the business may make investment in data assets and data management resource and tools that increases operational efficiency. Benefit of database management includes controlling data redundancy, sharing, consistency, integrity, and integration. Better management of database leads to generation of better quality of information which improves decision making and end user productivity. DBMS provide framework for security and privacy policies.
Technological development may give vendors an edge over the other competitors operating in the competitive environment. New database management solution that provides greater flexibility and faster performance at lower cost may be preferred by end-use segment over the forecast period. Current product can also connect core operational data with big data to drive business value.
Cloud-based solution is expected to be a major driver over the forecast period owing to its scalability and cost effectiveness. These solutions are expected to become popular among small and medium enterprise. Availability of open source solution may restrict the growth over the next seven years.
DBMS industry can be segmented as relational and non-relational. It can also be segmented based on software as database application builder, backup and recovery, database encryption and data scaling and replication. These systems can be deployed as cloud-based or on-premises.
End-use segment includes banking & financial, government, hospitality, healthcare and life sciences, education, media & entertainment, professional service, and telecom& IT.
Extensive generation of data in airlines and railway is expected to encourage the adoption of DBMS solution. Factor such as data complexity, broken key and records, developer expertise, and hardware performance may hinder the growth of the relational database management solution over the forecast period. Growing need for management of big amount data collected every day for getting key insight in retail, telecom may drive the demand for database management solution over the forecast period.
Asia Pacific and North America are anticipated to key regional DBMS market over the forecast period. Cloud based DBMS or database as a service is expected to drive the demand in Asia Pacific.
Key DBMS market participants include Actian Corporation, Teradata, BMC Software, CA Technologies, Couchbase Server, Embarcadero Technologies, EnterpriseDB Software Solution, MongoDB, HP (Vertica System), Oracle Inc., IBM Inc., Informatica Corporation, InterSystems, iWay Software (subsidiary of IBI), MetaMatrix (subsidiary of Red Hat).
Other key vendors include Microsoft, Neo Technology, Objectivity, Pitney Bowes, Bradmark Technologies Inc., MarkLogic, Pivotal (Greenplum), SAP, SAS Institute, Software AG, Talend, TIBCO, Compuware Corporation, Vision Solutions, VoltDB, etc.
In April 2015, Oracle launched the Exadata database as a service and Exalogic middleware to enrich its database and application processing. In July 2014, Oracle Inc. launched the latest version 126.96.36.199 of its product with the latest features such as big data SQL, database in-memory, JDON document store, REST data service, zone maps, full database caching, etc. IBM Inc. launched its product DB2 11 in October 2013 with improved feature and performance to enhance customer experience. In September 2015, Oracle Inc. acquired Front Porch Digital to enhance its product portfolio.
In April 2014, Oracle announced the availability of storage cloud and database backup service on Oracle cloud. Storage cloud is Infrastructure as a Service (IaaS) service and offers scalable, secure, and reliable object storage solution. Database backup service is a Platform as a Service (PaaS) which offers low-cost, simple, and secure cloud based backup and restore solution for on-promise database. In March 2015, Neo Technology announced the release of Neo4j 2.2. It will improve organization read and write performance and scalability. In January 2015, the company raised USD 20 million for global expansion.
This report has a service guarantee. We stand by our report quality.
We are in compliance with GDPR & CCPR norms. All interactions are confidential.
Design an exclusive study to serve your research needs.
Get your queries resolved from an industry expert.
"The quality of research they have done for us has been excellent..."
Media consumption is expected to witness a substantial increase as a direct consequence of lockdowns enforced in several countries across the globe to combat the spread of the deadly coronavirus. Since consumers are forced to stay at home, they are turning to popular OTT service providers such as Netflix, Amazon Prime, etc. or renewing/enhancing their existing Pay TV packages, procuring IPTV subscriptions, etc. to satiate their entertainment needs. eSports is also another sector which is expected to be favorably impacted by more and more people confined to their homes. The report will account for Covid19 as a key market contributor.