Database Management System Market is Anticipated to Witness High Growth Owing to Increased Adoption of Advanced Business Analytics Solutions

 

The database management system market allows organizations to store, retrieve, delete, and manage database information using specialized software tools and applications. Database management systems (DBMSs) are used across various industry verticals for purposes such as data warehousing, data mining, transaction processing, business intelligence, and compliance management by offering capabilities such as data access control, integrity enforcement, concurrency control, and crash recovery. The growing requirement of businesses to manage large data volumes, perform advanced analytics, and gain insights to make strategic decisions has boosted the adoption of DBMS software.

The Global Database Management System Market is estimated to be valued at US$ 64.7 Bn in 2024 and is expected to exhibit a CAGR of 9.8% over the forecast period from 2024 to 2030.

Key Takeaways

Key players operating in the Database Management System are Novo Nordisk, Sanofi, Eli Lilly, Biocon, Gan & Lee Pharmaceuticals, Tonghua Dongbao Pharmaceutical, United Laboratories, Merck, Wockhardt, Julphar Diabetes, Medtronic, Beta Bionics, Zealand Pharma, MannKind, Peptron, Dexcom, Senseonics, Medtrum Technologies, SOOIL Development, Semma Therapeutics.

Key players in the Global Database Management System Market Size are focusing on new product launches and partnerships with technology providers to offer advanced and integrated database management solutions. For instance, in May 2022, Oracle launched Oracle Database 21c to help enterprises enhance analytics, accelerate machine learning use cases, streamline hybrid workloads, and gain deeper insights from data.

North America dominated the DBMS market in 2024 owing to significant investments made by companies in advanced data analytics and development of new data-driven products and services. However, Asia Pacific is expected to offer lucrative growth opportunities for DBMS vendors during the forecast period due to the rising adoption of digital technologies across industries in countries such as China, India, and Japan.

Countries worldwide are undergoing rapid digital transformation initiatives involving modernization of legacy systems, database consolidation, and migration to cloud-based DBMS solutions. The growing volume of enterprise data along with the need to gain real-time insights is propelling the demand for DBMS among global organizations. This has prompted leading database management companies to expand their presence across international markets.

Market Drivers

• Growing need for real-time data access, data integration and business intelligence capabilities among enterprises.
• Rising adoption of cloud-based database solutions among small and medium businesses.

Market Restrains
- High initial costs associated with deployment and maintenance of on-premise DBMS.
- Concerns regarding data privacy and security threats while using cloud-based database solutions.

Segment Analysis

The database management system market is segmented into relational database management systems and non-relational database management systems. The relational database management systems sub segment dominates currently as most organizations still use relational databases for mission critical applications that require robust ACID properties for transactions. However, the non-relational database management systems sub segment is expected to grow at a faster pace during the forecast period due to the rising demand for handling unstructured data like IoT and big data applications that prefer non-relational databases over relational ones for flexibility and scalability.

Global Analysis

North America dominates the global database management system market currently due to heavy investments in cutting edge technologies by key players in the region. However, Asia Pacific is expected to grow at the fastest pace during the forecast period owing to rising digital transformation initiatives as well as increasing adoption of advanced technologies like cloud and analytics across industries in major economies like China and India. Europe holds a significant market share due to stringent data security and privacy regulations encouraging database upgrades. Rising data volumes across verticals will drive demand for advanced database management capabilities across all regions in the coming years.

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