Database Management System (DBMS)
Database Management Systems are software to manage, retrieve organize data in a database
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Database Management System (DBMS) Industry Benchmarks
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Database Management System (DBMS) market report transcript
Database Management System (DBMS) Global Market Outlook
The market size for DBMS attained a value of $77.5 Billion in 2022, and it is expected to reach about $130.6 billion by 2028, with a CAGR of 9.1 percent, due to the rising demand for cloud-based database management systems
Regions such as North America, Western Europe and parts of APAC such as Australia, China and India have high market maturity
The key drivers for DBMS is growing data from ecommerce, social media and high –tech industries
Database Management System Demand Market Outlook
North America is one of the major markets for DBMS, the maturity of suppliers and adoption rate is high
APAC and LATAM are emerging markets with a shift in focus on Cloud DBMS. The increase in unstructured data from e-commerce, social media have given way to new types of database like NoSQL and in memory database
Global Database Management System Industry Trends
Increase in data is driving enterprises to upgrade their on-premise DBMS solution to SaaS. The cost saving opportunities are high in SaaS-based solution
Data from e-commerce, social media and CRM are resulting in unstructured data. The traditional relational DBMS are not capable of handling the unstructured data. Hence, the enterprise are opting new forms of database such has NoSQL, In memory database over traditional RDBMS, which have high capabilities in handling unstructured data
Global Database Management System Drivers and Constraints
- Large repositories of corporate and external data, including unstructured information created by new applications such as medical, entertainment, energy and geophysical, social media and other web repositories are the primary contributors for increase in data.
Increased Graph Database Adoption:
- Cloud native and no SQL database are becoming popular, as they do not require rigid design and standard relational databases.
Advent of Use in Cloud Computing:
- Companies are looking to adopt cloud services for storage rather than investing huge money in own database system.
Fully-managed Cloud Databases:
- SQL Cloud databases with AI powered features, like proactive monitoring, automatic detection of issues has been the drivers for the database management solutions.
Cost of Data Conversion:
- Data conversion would be required during migration from a legacy to a new product. Industry estimates show that data conversion cost is more than the cost of DBMS hardware and machine combined. Data migration experts are required to convert data to new system.
Securing Private and Public Data:
- Consumers need to trust that the data they provide to enterprises remain in a secure place, and organizations’ executives need to trust that the data they are receiving accurately represents what is going on across their enterprises. Enterprise success is closely tied to data security, and the onus is on DBAs to ensure that this security is intact.
- The cost of hardware and software, along with staff training and technical staff are high, and this expected to challenge DBMS’s market growth.
Why You Should Buy This Report
- The report provides information on the database market size, maturity, industry trends, drivers and constraints, etc.
- It gives the regional market outlook on the Americas, MEA, Europe and LATAM regions and the Porter’s five force analysis of the database management system market.
- It offers insight into supply trends, supplier profiles and SWOT analysis of key players like IBM, SAP, Oracle, Microsoft, etc. in the data management market.
- It further details the cost structure and saving opportunities, best sourcing models, KPIs, etc.
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