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Global Database Management System (DBMS) Market to Grow at a CAGR of 12.4% During 2021-2026, Aided by the Growing Global Demand for Managing Data

According to a new report by EMR titled, ‘Global Database Management System (DBMS) Market Report and Forecast 2021-2026’, the global market for database management system (DBMS) reached a value of USD 63.1 billion in 2020. The market is further expected to grow at a CAGR of 12.4% in the forecast period of 2021-2026 to attain a value of USD 125.6 billion by 2026.

The global database management system (DBMS) industry is being aided by the growing global demand to manage data from e-commerce and high-tech industries as well as various social media platforms. North America, Western Europe, and few countries of Asia Pacific, including Australia, China, and India, are the regions with high market maturity, while Australia, South Korea, and Russia are the regions with medium market maturity. The emergence of cloud-based technology, standard formats of data, and SaaS-based DBMS are further aiding the market growth of the DBMS industry globally.

The increased popularity and adoption of cloud-based technology among consumers owing to its advanced features is making the manufacturers develop more user-friendly applications. As announced at Google Cloud Next conference in April 2020, Microsoft Corporation (NASDAQ: MSFT), a key player in the industry, will soon receive support for its SQL Server from Google’s managed database service, Cloud SQL, which will fix all the obstacles one could find when moving to the cloud, thus, providing a further boost to the industry. The growing demand to redefine data management to develop optimal ways for capturing, storing, and analysing data is leading to increased innovation in the field. In December 2020, AWS (Amazon Web Services), a key player in the industry, and Cognizant Technology Solutions Corp (NASDAQ: CTSH) extended their relationship to offer AWS Outposts to their customers, further allowing them to experience AWS native features on-premises and run modern and secure digital platforms with integrated management of a hybrid infrastructure to drive efficiencies. Such developments are expected to aid the global database management system (DBMS) industry over the forecast period.

Market Breakup by Type, Deployment Model, and Regions:

  • On the basis of type, the database management system (DBMS) industry is divided into relational database, NoSQL, and other RDBMS.
  • Based on deployment model, the market is bifurcated into on premises and SaaS.
  • Region-wise, the global market for database management can be divided into North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The increasing popularity of cloud-based database management system is further aiding the overall industry. 
  • The increasing urbanisation, rising disposable incomes, and growing smartphone penetration, particularly in the emerging regions, is further supporting the market growth.
  • The growing penetration of social media and other applications has resulted in the growth of unstructured data from e-commerce and social media, which is aiding the market further. 
  • The rapid technological advancements and the rising demand for convenient services are driving the demand for database management system, providing a further boost to the industry.

Key Offerings of the Report:

  • The EMR report gives a detailed overview of the global market for database management system (DBMS), providing an insight into types, deployment models, and major regions of the database management system for the periods (2016-2020) and (2021-2026). 
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global database management system (DBMS) market are Oracle, Microsoft, IBM, SAP, and Amazon AWS, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

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