(MENAFN- GetNews) The COVID-19 pandemic disruption is estimated to transform the Database Management System (DBMS) Market in the years to come drastically, and its after-effects will be persistently seen in the years ahead. The MRFR report on the Database Management System (DBMS) Market meticulously tracks the COVID-19 pandemic effect for the years ahead. Moreover, the precise analysis of drivers and restraints in a post-COVID-19 market offers a coherent understanding of future growth cues.
Database Management System (DBMS) Market
The Database Management System is expected to grow at CAGR of ~8% between the years 2016 to 2022 and estimated to reach at market size of ~$63 billion by end of year 2022.
Database Management System is one of computer software application that interacts with the user, capture and analyzes data. Some of the factors such as improved data sharing, data security, backup and recovery, among others are driving the global market of database management systems. DBMS helps to manage data efficiently and allows users to perform multiple tasks easily such as retrieval of data, sharing and transfer. Due to increased security proliferation, organizations are upgrading their traditional data management systems and investing heavily in the field of R & D and DBMS to protect and safeguard confidential information.
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The need of deployment such as Cloud-based solution showing rapid growth in recent years and is expected to be a primary driver over the forecast period due to its low cost and benefit, however, factors such as high cost of components as well as appointment of technical staff are some of the major restraints which is likely to hamper the market growth over the period of time.
Some other players in this market are MariaDB Corporation, Teradata among others.
Commenting on the report, an analyst from Market Research Future (MRFR)'s team said:
DBMS is being adopted globally with very rapid pace. Growing industrialization and high cost incurring in process of maintaining a self-database systems by companies are some of the important factor which is supporting the high adoption of on cloud DBMS. Industries such as BFSI, IT and Healthcare which deals with confidential soft data and digital content in very high amount are playing major role in the growth of this market. The Database Management System enables a large amount of users to access the data and makes it ideal for accessibility in any organization. With advance security features, DBMS also helps to stop the unauthorized access which is also a major factor in the growth. Emerging database technologies such as column based database software, NoSQL database, and database as a service platforms are some of the major trends which is expected to lead the market.
Market Drivers and Restraints:
The augmented adoption of cloud-computing by small to large-scale enterprises, data security, improved data sharing and efficiency in the management of a large amount of data is generating demand for database management system in the global market. The inclination of organizations towards the adoption of advanced technology over traditional practices is driving the global DBMS market. Widespread usage of DBMS in various sectors such as aerospace and defense, healthcare, educational, government, manufacturing and others is fuelling the expansion of global database management system market.
The cost-effectiveness of the solution, easy accessibility of the data and effective data sharing within the organization are some of the major factors that are inducing the demand for DBMS causing the growth of global DBMS market. Inclination towards the adoption of cloud-based solutions for data management and data security is acting as a boost to the amplification of global database management system market. The incorporation of analytics in DBMS is one of the factors driving the global database management system market. However, the availability of open-source solution is likely to hinder the expansion of global database management system market.
Competitive Analysis:
The strategic mergers and acquisitions among the players are fueling the expansion of the global database management system market. The rapid increase in investment of leading players in research and development for launching cheaper and efficient products is fuelling the competition in the global market. The prominent players of the global database management system market are Oracle Corporation (U.S), Embarcadero Technologies (U.S), SAP AG (Germany), IBM Corporation (U.S), MarkLogic (U.S), Hewlett-Packard (U.S), Microsoft Corporation (U.S), Amazon WebServices (Washington), EnterpriseDB (U.S), InterSystems (U.S), Cloudera (U.S), MariaDB Corporation, Teradata and others.
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