April 17, 2024
Database Management System Market

Database Management System Market Growth Is Flourish By Increasing Adoption Of Cloud Technologies

The global database management system market comprises software that helps organize, store, and analyze big volumes of disparate data sets. These solutions provide efficient ways to define, query, update, and administer databases for applications supporting daily operations and longer-term strategic initiatives. Popular DBMS types include relational, non-relational, object-oriented, and hybrid approaches. Key functions involve data storage, access, manipulation, processing and regulatory compliance. They help businesses gain data-driven insights, make informed decisions while reducing risk and maintaining security.

The Global Database Management System Market Size is estimated to be valued at US$ 64.7 Bn in 2024 and is expected to exhibit a CAGR of 9.8% over the forecast period 2024 to 2030.

Key Takeaways

Key players operating in the database management system market are Novo Nordisk, Sanofi, Eli Lilly, Biocon, Gan & Lee Pharmaceuticals, Tonghua Dongbao Pharmaceutical, United Laboratories, Merck, Wockhardt, Julphar Diabetes, Medtronic, Beta Bionics, Zealand Pharma, MannKind, Peptron, Dexcom, Senseonics, Medtrum Technologies, SOOIL Development, Semma Therapeutics.

The growing adoption of data-driven strategies across industries has accelerated demand for DBMS solutions. Emerging technologies like big data analytics, IoT, and artificial intelligence are generating vast streams of structured and unstructured information. DBMS provides a centralized platform to capture, store and process this data to gain meaningful insights for better decision making.

Major DBMS vendors have expanded their geographic footprints into developing regions through partnerships and acquisitions. Factors like globalization of businesses, increasing digitalization and rising internet penetration are driving international growth opportunities. Cloud-based deployments are also gaining traction as they provide scalability, flexibility and reduce upfront capital expenditures.

Market key trends

One key trend gaining momentum in the database management system market is the increasing adoption of cloud technologies. The on-premise deployment model, while successful, requires large upfront capital costs and ongoing maintenance. Cloud DBMS hosted on infrastructure as a service platforms eliminate these issues while providing automatic upgrades and a flexible pay-as-you-go model. They allow enterprises, especially smaller organizations and startups, to avoid expenditure on hardware, software, storage, servers and technical staff. This has accelerated the global migration of database systems to public, private and hybrid cloud environments. For example, Amazon RDS, Microsoft Azure SQL Database and Google Cloud SQL are some of the leading cloud-based DBMS.

Porter’s Analysis

Threat of new entrants: Database management providers require high investments in technical know-how and infrastructure establishment. This gives established players an edge over new entrants.

Bargaining power of buyers: Large organizations can negotiate better deals and pricing with database management providers due to high volume purchases. Small buyers have low negotiation power.

Bargaining power of suppliers: Providers of database management software have differentiation in offerings, switching costs for buyers are high. This gives them a dominant position over suppliers.

Threat of new substitutes: No direct substitute for database management exists. However, open-source solutions pose a potential threat of substitution.

Competitive rivalry: The database management industry has dominant global and regional players. Intense competition exists on pricing, features, services & support.

Geographical Regions

North America currently holds the largest share in the database management systems market, both in terms of value and volume. U.S. is the dominating country owing to strong technological infrastructure and presence of leading vendors. Asia Pacific is expected to witness highest growth during the forecast period. Countries like China, India are showing increasing adoption of DBMS solutions driven by growing digitalization across industries.

Europe has emerged as the second largest regional market. The growth can be attributed to favorable government measures for digital transformation of businesses. Rising need for advanced data analytics and presence of major vendors also support the Europe DBMS market. Latin America and Middle East & Africa are projected as fastest growing regions during 2024-2030 on account of rising investments in cloud and infrastructure development initiatives.

Middle East and Africa is anticipated to grow at fastest pace for database management systems market during forecast period. Countries in MEA region are undertaking initiatives to boost digitization across sectors through developing cloud, analytics and data center capabilities. Rapid infrastructural development projects propel the demand for database management solutions. Growing oil & gas industry in Gulf nations also contributes to market growth. Digital economic visions adopted by Saudi Arabia and United Arab Emirates attract global DBMS providers and customers in the region.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it