Global Database Monitoring Software Market Share Growing CAGR of 14.7% Reach USD 20.5 Billion by 2031

According to the report published by Allied Market Research, Global Database Monitoring Software Market Share Growing CAGR of 14.7% Reach USD 20.5 Billion by 2031. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers valuable able guidance to leading players, investors, shareholders, and startups in devising strategies for sustainable growth and gaining a competitive edge in the market.

Rise in the amount of data generated by industries accelerates the demand for database monitoring tools and increase in deployment of cloud computing technologies drive the global database monitoring software market. Based on region, North America held the largest share in 2021, contributing to more than half of the global database monitoring software market share.

The global database monitoring software market was valued at $5.3 billion in 2021, and is projected to reach $20.5 billion by 2031, growing at a CAGR of 14.7% from 2022 to 2031.

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Database monitoring is a vital activity for the maintenance of the performance and health of the database management system. To facilitate monitoring, the database management system collects information from the database manager, its databases, and any connected applications. In addition, it helps to forecast hardware requirements based on database usage patterns and analyze the performance of individual applications or SQL queries. Furthermore, it helps track the usage of indexes and tables. The database monitoring software market is segmented into Database Model, Deployment Model, Organization Size and End Use Vertical.

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Depending on the deployment model, cloud-based holds the largest share of the market. This is attributed due to the increased adoption of cloud computing in the enterprise. Databases are evolving to handle more data and incorporate more intelligence. However, the On-premises segment is expected to grow at the highest rate during the forecast period, due to the outbreak of the COVID-19 pandemic, sudden scaling of VPN access was required and rationing of services was needed. For instance, in some banks, employees were required to log in to fetch their emails only at scheduled and limited times during the day which is negatively affecting the growth of the on-premise segment.

Based on organization size, the large enterprises segment accounted for the highest share in 2021, contributing to more than two-thirds of the global database monitoring software market, and is expected to maintain its lead in terms of revenue during the forecast period. However, the SME's segment is expected to manifest the highest CAGR of 16.26% from 2022 to 2031. Based on end use verticals, the healthcare segment is estimated to grow at the highest CAGR of 18.31% during the forecast period. The report also analyzes segments including BFSI, government, manufacturing, retail, and others.

Region-wise, the database monitoring software market was dominated by North America in 2020 and is expected to retain its position during the forecast period, owing to the expanding market presence of database management systems across the region. Moreover, several companies are forming partnership programs for increasing their market reach. However, Asia Pacific is expected to witness significant growth during the forecast period, various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events in the Asia-Pacific region.

The key players profiled in the database monitoring software market analysis are dbWatch AS, eG Innovations, Heroix Corporation, Nagios Enterprises, LLC, Paessler AG, Quest Software Inc., Red Gate Software Ltd., Sematext Group, SolarWinds Worldwide, LLC, and VirtualMetric. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

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Covid-19 Scenario:

● The outbreak of the COVID-19 pandemic had a negative impact on the growth of the global database monitoring software market. This is attributed to digitalization, rise in the networking of machines and industrial systems and an increase in the risk of cyberattacks.

● Business landscape involves a strategic methodology and proactive approach to stay ahead of possible risks.

● In addition, data monitoring software practitioners require solutions that can be flexibly deployed as security requirements evolve.

● The database monitoring software market is witnessing a surge in demand amid the COVID-19 outbreak, as growing adoption in IT & telecom industry becomes the new norm.

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