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 Ph...