Press release
Database Software Global Market Navigating Trends, Share Report, Growth Drivers, Market Size And Future Outlook 2024-2033
The Business Research Company presents an extensive market research report on the Database Software Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The database software market size has grown rapidly in recent years. It will grow from $162.25 billion in 2023 to $186.97 billion in 2024 at a compound annual growth rate (CAGR) of 15.2%. The growth in the historic period can be attributed to technological development, digitization, economic growth, and increased simplicity of software.
The database software market size is expected to see rapid growth in the next few years. It will grow to $332.77 billion in 2028 at a compound annual growth rate (CAGR) of 15.5%. The growth in the forecast period can be attributed to increase in amount of data generated and increase in data driven businesses. Major trends in the forecast period include investing in security measures to counter cyber threats, adding a mobile-friendly version to the product list, offering the products and solutions on a subscription or pay-per-usage payment models, and investing in htap systems.
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Key Market Players:
Major companies operating in the database software market report are Oracle Corporation, Microsoft Corporation, IBM, SAP SE, Amazon.com Inc., Teradata Corporation, MongoDB, Mark Logic, Couch Base, Redis Labs Ltd., Fujitsu, Amazon Web Services (AWS), Rocket Software, Pivotal, Software AG, PingCAP, Huawei, Datastax, InterSystems, SQLite, MariaDB, ScienceSoft, AI Software, SoftwareONE, Cyber Infrastructure Inc., 2Base Technologies Pvt. Ltd, Webtonic Solutions, Cygnet Infotech LLC
Market Drivers:
Businesses that engage with various types of data for analysis and making future decisions in today's data-driven world must be able to store data without difficulties and with simplicity. The rise of data-driven firms and e-commerce companies will significantly drive and fuel the database software market on a global basis. For instance, according to Forrester, businesses that rely on database management software tools to make decisions are 58% more likely to beat their revenue goals than non-data driven companies. Therefore, this continued increase in data driven businesses drives the database software market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/database-software-global-market-report
The database software market covered in this report is segmented -
1) By Type: Database Operation Management, Database Maintenance Management
2) By Deployment: Cloud, On-Premise
3) By End User: BFSI [Banking and Financial Services], IT & Telecommunication, Media & Entertainment, Healthcare, Other End-Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
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