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Database Monitoring Software Market Expected to Achieve 15.9% CAGR by 2029: Growth Forecast Insights
Database Monitoring Software
How Large Will the Database Monitoring Software Market Size By 2025?
The market size for database monitoring software has been expanding quickly over the past few years. The growth, projected to increase from $2.02 billion in 2024 to $2.33 billion in 2025, is anticipated to proceed at a compound annual growth rate (CAGR) of 15.6%. The uptrend during the historical period is largely a result of advances in analytics and reporting, the need for scale and adaptability, reliance on crucial applications, and the demand for real-time monitoring.
How Big Is the Database Monitoring Software Market Size Expected to Grow by 2029?
Anticipated to witness a swift expansion in the coming years, the market size of database monitoring software is predicted to increase to $4.21 billion in 2029 with a compound annual growth rate (CAGR) of 15.9%. The stepped-up growth rate during the forecast period is a result of factors such as the importance of resource optimization for cost efficiency, vital application dependency, the increasing requirement for data storage, and varied database environments. Key trends during the forecast period will be prioritizing performance optimization, adherence to regulations, automation to boost efficiency, improved security protocols, and managing escalating data growth and complexity.
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Which Key Market Drivers Powering Database Monitoring Software Market Expansion and Growth?
The surge in data creation is anticipated to boost the expansion of the database monitoring software market in the future. The term data creation entails the production of datasets slated for additional processing within a database. Users can handle vast amounts of data generated rapidly via database monitoring software, resulting in faster insights and a competitive edge. For example, the World Economic Forum, a Switzerland-based non-governmental organization, reported in June 2022 that over 2.5 quintillion bytes of data were being produced daily in 2022, over half of which was derived from IoT devices. By 2025, it is predicted that 41.6 billion IoT devices will be connected to the internet, yielding 79.4 zettabytes of data. Consequently, the rise in data creation is propelling the growth of the database monitoring software market.
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Which Fast-Growing Trends Are Poised to Disrupt the Database Monitoring Software Market?
Technological progression is becoming a dominant trend in the database monitoring software market. Primary operators in this field are working towards devising innovative technological strategies involving Artificial intelligence (AI), machine learning, and cloud computing to bolster their market status. For instance, in April 2022, Tata Consultancy Services (TCS), a leader in the Indian IT services, consulting, and business solutions sector, introduced the TCS ADD suite. This is an agile, risk-based monitoring solution for clinical trials designed to enhance intelligent judgment making, improve compliance and amplify study efficacy. This innovative risk-based monitoring tool allows biopharmaceutical firms and associated businesses to identify site risks using cutting-edge statistical algorithms to propel data-driven intelligent decisions. This data science-oriented risk-based monitoring solution precisely anticipates outcomes linked to site workload and risks, and facilitates stakeholders to formulate proactive monitoring tactics.
What Are the Emerging Segments in the Database Monitoring Software Market?
The database monitoring software market covered in this report is segmented -
1) By Component: Software, Services
2) By Deployment: Cloud Or SaaS, On-Premises
3) By Enterprise Size: Large Enterprises, SMEs
4) By End User: Banks And Financial Institutes, Healthcare, Government, IT And Telecom, Retail, Other End Users
Subsegments:
1) By Software: On-Premises Database Monitoring Tools, Cloud-Based Database Monitoring Tools, Performance Monitoring Software, Security Monitoring Software
2) By Services: Consulting Services, Implementation Services, Support And Maintenance Services, Training Services
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Who Are the Global Leaders in the Database Monitoring Software Market?
Major companies operating in the database monitoring software market are SolarWinds Worldwide LLC, Quest Software Inc., VirtualMetric B V, Sematext Group Inc., Heroix Corporation, eG Innovations Pvt. Ltd., Redgate Software Ltd., Nagios Enterprises LLC, Paessler AG, dbWatch AS, Dynatrace Inc., Intergral GmbH, Idera Inc., IT-Conductor Inc., Oracle Corporation, Cisco Systems Inc., Datadog, AppDynamics, New Relic, Riverbed Technology, Inc., Zoho Corporation Pvt. Ltd., Progress Software Corporation, BMC Software Inc., Splunk Inc., International Business Machines Corporation, Microsoft Corporation, AppNeta, LogicMonitor Inc., Micro Focus International PLC
Which are the Top Profitable Regional Markets for the Database Monitoring Software Industry?
North America was the largest region in the database monitoring software market share in 2024. The regions covered in the database monitoring software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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