PUBLISHER: Grand View Research | PRODUCT CODE: 1554116
PUBLISHER: Grand View Research | PRODUCT CODE: 1554116
The global database management system market size was estimated at USD 100.79 billion in 2023 and is expected to grow at a CAGR of 13.1% from 2024 to 2030. Organizations across industries are undergoing digital transformation to enhance their operations, customer experiences, and business models. This transformation requires advanced DBMS solutions to manage complex data environments effectively. In addition, the exponential increase in data generation from various sources, including social media, IoT devices, and enterprise applications, necessitates robust database management system (DBMS) solutions to manage, store, and analyze this vast amount of data.
The increasing importance of big data analytics for decision-making and gaining competitive insights is driving the demand for the DBMS market. Advanced analytics and real-time data processing capabilities are essential for extracting value from big data. The shift towards cloud computing is a significant driver for the DBMS market. Cloud-based DBMS solutions offer scalability, flexibility, and cost-efficiency, making them efficient for businesses of all sizes. Furthermore, the integration of artificial intelligence and machine learning technologies in DBMS enhances data processing, management, and analysis capabilities. AI-powered DBMS can automate tasks, provide predictive insights, and improve overall efficiency.
The rise of NoSQL databases, which are designed for unstructured data and scalable, distributed systems, is driving market growth. These databases are particularly popular in various applications such as social media, e-commerce, and big data analytics. The adoption of microservices architecture in software development requires flexible and scalable DBMS solutions to manage data across distributed environments. Advancements in DBMS technology, such as in-memory databases and distributed databases, offer improved performance and scalability.
Global Database Management System Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global database management system market report based on type, deployment, organization size, vertical, and region: