Key Players in the Global Market for Database Management System (DBMS) They use deep learning and operation intelligence technologies to assist traditional and augmented transactions and analytical processing.Īs the coronavirus disease continued to spread worldwide, there had been a significant increase in demand for efficient database management systems (DBMS) to manage the data created by employees working from home and offer remote access to the company resources, thereby augmenting the market growth for DBMS. Moreover, the growing adoption of relational, distributed, hierarchical, object-oriented, and network-based database management systems is propelling the market expansion. Thus, increasing the demand for new forms of the database, such as NoSQL and In-memory databases over traditional RDBMS, as they have high capabilities in handling unstructured data. E-commerce, social media, and CRM data are unstructured in form, and the earlier and traditional relational DBMS are incapable of dealing with unstructured data. The up-gradation of on-premises DBMS solutions to SaaS is rising owing to increased data, as a SaaS-based solution is cost-efficient.
New entrants for databases, such as NoSQL and In-Memory databases, have arrived due to an increase in the unstructured data from e-commerce and social media, further adding to the market growth for DBMS. The global database management system (DBMS) market is driven by increasing data from social media, e-commerce, and high-tech industries. The increasing demand for flexible and cost-effective data management solutions across industries is one of the key factors driving the market growth. Increasing Demand for Flexible and Cost-Effective Data Management Solutions Augmenting the Market Growth The regional markets for the database management system (DBMS) market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The DBMS industry offers diverse technologies, such as Object-Relational Database Management System (ORDBMS), Relational Database Management System (RDBMS), XML Database Management System (XDBMS), Hadoop, and NoSQL.īased on type, the market can be segmented into:īased on the deployment model, it can be bifurcated into: The database management system (DBMS) is known for its basic structures and how it is used.
The database management system (DBMS) is the product enabling the storage and organisation of data by having defined formats and structures. The exponential surge in popularity of online commerce has provided a significant opportunity for growth in various Asian countries as all this involves a database management system. Several online shopping websites, such as Myntra, Amazon, and Flipkart, store the product specification, product list, customer names, addresses and preferences, invoices, and credit details, among other information.
Besides, rising emphasis on implementing better data management options across several organisations in the Asia Pacific region is anticipated to aid the growth of the database management system (DBMS) market. The Asia Pacific region is expected to witness rapid growth due to the developing retail, telecom, and banking sectors, raising a need for a computerised model used for information management. The maturity of service providers and the rising absorption rate of the market is also high in the region.
Ecommerce, retail, and BFSI sectors are the key end-user industries in the region, driving the demand growth in the region. North America has been the leader in recent years because of advanced computer systems coupled with the well-established computer-aided business model. North America and the Asia Pacific region are predicted to drive the database management system demand over the forecast period. North America and Asia Pacific to be Significant Regional Markets for Database Management System (DBMS)
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Read more about this report - REQUEST FREE SAMPLE COPY IN PDF The global database management system (DBMS) industry is expected to grow at a CAGR of 12.4% between 20. The global market for database management system (DBMS) reached a value of more than USD 63.1 billion in 2020. Global Database Management System (DBMS) Market Outlook
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