Press release
Database Software Market: Rapid Growth and Increasing Simplicity Fuelling a CAGR of 10.7% by 2029
Database Software Market
What Is The Projected Market Size Of The Global Database Software Market And Its Growth Rate?
The database software market has shown strong growth rates and is expected to follow this trend, with key statistics including:
• Market size in 2024: $182.52 billion
• Projected growth to $207.37 billion in 2025, representing a CAGR of 13.6%.
• Growth drivers including technological development, increased simplicity of software.
• Forecast to reach $311.05 billion in 2029, a CAGR of 10.7%.
What Is Driving The Growth In The Database Software Market?
Companies that deal with data for analysis and forward planning are driving growth in the database software market. The database management software industry allows businesses to store data effectively and simplifies data engagement. This simplicity is particularly important for data-driven firms and e-commerce companies, who are key contributors to global market growth. Businesses that rely on these tools have a 58% higher likelihood to exceed their revenue goals compared to non-data driven businesses. Therefore, the increase in data-driven businesses is a major driver of the database software market.
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Who Are the Key Players Driving Database Software Market Growth?
Key market players include:
• Oracle Corporation
• Microsoft Corporation
• IBM
• SAP SE
• Amazon.com Inc
• Teradata Corporation
• MongoDB
• Mark Logic
• Couch Base
• Redis Labs Ltd.
What Are The Key Trends In The Database Software Market?
The growing focus on big data, security measures, and mobile-friendly products are some of the emerging trends in the database software market, including:
• Increased focus on software operations with big data
• Investments in security measures to counter cyber threats
• Development of mobile-friendly product versions
• Offering products and solutions on a subscription or pay-per-use payment model
• Investment in HTAP (Hybrid transactional and analytical processing) systems
What Are The Segments Of The Global Database Software Market?
The Database Software Market has several key segments:
• By Type: Database Operation Management, Database Maintenance Management
• By Deployment: Cloud, On-Premise
• By End User: BFSI [Banking and Financial Services], IT And Telecommunication, Media And Entertainment, Healthcare, Other End-Users
Which Region Leads The Database Software Market?
North America was the leading region in the database software market in 2024, followed by Asia-Pacific as the second largest region. The study covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Database Software Market Global Market Report?
- Market Size Analysis: Analyze the Database Software Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Database Software Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Database Software Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Database Software Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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