Database is an organized collection of data that supports the electronic storage & manipulation of data. Database software refers as computer programs designed to store & organize huge amounts of data to make it accessible for example Microsoft Access. A wide-ranging database software program is sometimes recognized as a database management system. It exists to protect the information in database as well as ensures that it is accurate and consistent. Database software functions include data backup & recovery, data storage, data security management, data presentation & reporting, database communication and multi-user access control. Database software is categorized into six sub-types: data warehouse database software, analytical database software, distributed database software, external database software, end user database software, and operational database software.
As per study, “Database Software Global Market Opportunities And Strategies To 2030”, some of the significant players operating in database software market include Teradata, iWay Software (subsidiary of IBI), Oracle, ArangoDB, MariaDB, Table Plus, EnterpriseOB, FileMaker Inc., SQLite, MongoDB, Tandem, Software AG, HP (Vertica System), RavenDB, Informatica Corporation, Couch base, Mark Logic, Microsoft, IBM, SAP, Redis, InterSystems, NCR, Pervasive Software, Actian Corporation, Amazon, MetaMatrix (subsidiary of Red Hat). These key players have demonstrated a variety of activities for instance research & development (R&D), striving to bring in new products or services that can efficiently compete the other established players.
By type, database software market is segmented as database maintenance management and database operation management. By deployment, market is segmented as on-premise deployment and cloud deployment. In addition, by end-user, market is segmented as IT & telecommunication, aerospace & defense, BFSI (Banking and Financial Services), media & entertainment, IT & telecommunications, healthcare and others.
The database software market is driven by surge in the amount of generation of data by industries, followed by growth in implementation of cloud computing technologies and surge in integration of technologies counting Internet of Things (IoT) in the process. However, rise in open source software and increase in number of laws and barriers to entry may impact the market. Moreover, increase in customer-interface applications in industries, including small scale enterprises are a key opportunities for market. Furthermore, rise in use of Hybrid Transactional & Analytical Processing Systems (HTAP) to reduce the data processing time is a major trend for market. HTAP is an in-memory database that allows user to store data without compromising the transactions or analytical workloads and for performing online transaction processing & online analytical processing without duplicating data. This aids to reduce the data processing & data retrieval time and also assist in real-time decision making.
Based on geography, the North-American region holds major share in global database software market owing to introduction of customer-interface applications in the region. The European and Asian-Pacific regions are estimated to witness higher growth rate due to implementation of cloud computing technologies in industries such as small scale enterprises over the forecast period. It is projected that global database software market will be reached at US $196,192.2 million in 2030, at a CAGR of 9.1%.
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Ankur Gupta, Head Marketing & Communications