Global Database Management System Market Is Booming Worldwide | Microsoft, Software AG, IBM, Oracle, PostgreSQL, NCR, Pervasive Software, AWS, Google

Overview:

The database management system (DBMS) is the product enabling storage and organization of data by having defined formats and structures. The database management system (DBMS) is known for its basic structures and also for the way it is used. A database management system functions through the use of system commands, first receiving instructions from a database administrator in DBMS, then instructing the system accordingly, either to retrieve data, modify data, or load existing data from the system.

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Driver:

Information Management System is a technology that collects, stores, modifies and removes data from databases. Growing application areas and high cloud computing adoption among small-scale businesses play a vital role in the growth of the DBMS industry.

The adoption of cloud-based solutions in small and medium enterprises is expected to drive the growth of the global database management (DBMS) market.

For instance, many small to medium-sized businesses have chosen to store their data on a database management system (DBMS) software such as structured query language (SQL), object query language (OQL), and XML query language (XQuery).

For instance, in 2016, Wipro Ventures invested US$30 million in Yugabyte. Also, Wipro plans to take Yugabyte’s open-source SQL database to its clients.

For instance, The Royal Dutch Meteorological Institute provides historical weather data going back to the 1950s for free. They use Database management system (DBMS) software.

The Database Management System plays a critical role in the IT and Communication industry, while the advent of cloud computing to handle huge data also leads to high DBMS adoption in other industries.

According to Statista, the growth of the global AI market in 2019 was 54% and the amount of funding in AI startups worldwide in 2019 was US$ 24 billion.

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Restraints:

The demand for database management systems is guided primarily by factors such as enhanced data sharing, data security, reduced data integration, while high hardware and software costs, high staff training costs, and technical personnel are expected to restrain the growth of the market.

Regional insights:

North America is expected to be the leading region in terms of adopting a database management system. The U.S. and Canada are expected to be the major contributors to the North American market. Enterprises in the region are most progressive in terms of the adoption of Artificial Intelligence (AI), Machine Learning (ML), and cloud adoption, thereby boosting the growth of the market. Moreover, the presence of major cloud database vendors in the region to drive market growth. The Asia Pacific is expected to be the fastest-growing region in the market, owing to the growing need for advanced intelligent solutions.

According to Statista, in 2019, the human-machine interface (HMI) market in North America was US$ 863 million.

Competitive section:

Key competitors in the Global Database management system market are Microsoft, Software AG, IBM, Oracle, PostgreSQL, NCR, Pervasive Software, AWS, Google, MongoDB, Tandem, and FileMaker Inc.

In September 2020, Microsoft introduced the availability of Azure SQL Edge, a real-time data engine, optimized for IoT workloads and backed by the security and performance of the same engine that powers SQL Server and Azure SQL.

In October 2020, Oracle launched Oracle Banking Virtual Account Management Cloud Service where banks can quickly deploy a wide range of banking services that help their corporate customers easily access their cash position and manage working capital at any time.

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