Press release
Database Software Market Report, Growth Key Trends, Drivers And Forecast 2033
Database Software Market
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.
Market Overview -
Database software is designed to create databases and store, manage, search, and retrieve information.
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Data-Driven Businesses Fueling The Growth Of The Database Software Market
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.
Competitive Landscape -
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
Database Software Companies Adapt To The Big Data Era With Enhanced Solutions
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.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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