Press release
Database Software Market Industry Growth, Trends And Forecast 2020-2030
The Business Research Company
The global database software market reached a value of nearly $78,722.3 million in 2019, having grown at a compound annual growth rate (CAGR) of 10.6% since 2015, and is expected to grow at a CAGR of 7.3% to nearly $104,429.2 million by 2023. Also the market is expected to growth to $123,931.6 million in 2025 at a CAGR of 8.9% and to $172,597.0 million in 2030 at a CAGR of 6.9%.
The Key drivers of the database software market include:
Increase In Amount Of Data Generated - Increase in the amount of data generated by industries in their regular operations and integration of technologies including Internet of Things (IoT) in the process are expected to benefit the forecast period as it rises the need of using database software to handle vast amount of data with confidentiality, integrity, and availability.
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Database Software Market Segmentation:-
By Type Of Product- The database software market can be segmented by type of product into
1. Database Maintenance Management
2. Database Operation Management
The database maintenance management market was the largest segment of the database software market, accounting for $40,164 million or 51.0% of the total market in 2019. It is also expected to be the fastest-growing segment going forward at a CAGR of 7.7%.
By Type of Deployment– The database software market is segmented by deployment into
1. Cloud
2. On-Premise
The on-premise market was the largest segment of the database software market by deployment, accounting for $56,107 million or 71.3% of the total market in 2019. The cloud market is expected to be the fastest-growing segment going forward at a CAGR of 37.3%.
By End-User- The database software market can be segmented by end-user into
1. BFSI
2. IT & Telecom
3. Media & Entertainment
4. Healthcare
5. Others
The others segment was the largest segment of the database software market by end user, accounting for $ 23,241 million or 29.5% of the total market in 2019. The media & entertainment market is expected to be the fastest-growing segment going forward at a CAGR of 8.4%.
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By Geography - The database software market is segmented into
1.North America
2.Western Europe
3.Asia Pacific
4.Eastern Europe
5.South America
6.Middle East
7.Africa
Some of the major key players involved in the database software market are
1. Oracle Corporation
2. Microsoft Corporation
3. IBM
4. SAP SE
5. Amazon
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About US:
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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