PUBLISHER: The Business Research Company | PRODUCT CODE: 1425379
PUBLISHER: The Business Research Company | PRODUCT CODE: 1425379
Database Monitoring Software Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on database monitoring software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for database monitoring software? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The database monitoring software market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Database monitoring software is a specialized tool or application designed for overseeing and managing database management systems. This software employs a multifaceted approach to optimize database speed and provides methods for enhancing the overall structure of a database. Its primary purpose is to assist organizations in monitoring, optimizing, and diagnosing the performance of their database applications.
The key components of database monitoring software include both software and services. Software encompasses applications, scripts, and programs that operate on a device. The deployment options include cloud or Software as a Service (SaaS) as well as on-premises solutions, catering to the needs of both large enterprises and small to medium-sized enterprises (SMEs). Various end-users benefit from database monitoring software, including banks and financial institutes, healthcare organizations, government entities, IT and telecom sectors, retail businesses, and other industries.
The database monitoring software market research report is one of a series of new reports from The Business Research Company that provides database monitoring software market statistics, including database monitoring software industry global market size, regional shares, competitors with a database monitoring software market share, detailed database monitoring software market segments, market trends and opportunities, and any further data you may need to thrive in the database monitoring software industry. This database monitoring software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The database monitoring software market size has grown rapidly in recent years. It will grow from $1.77 billion in 2023 to $2.06 billion in 2024 at a compound annual growth rate (CAGR) of 16.8%. The growth observed in the historical period can be attributed to innovations in analytics and reporting, a heightened demand for scalability and flexibility, dependencies on critical applications, and the increasing need for real-time monitoring.
The database monitoring software market size is expected to see rapid growth in the next few years. It will grow to $3.63 billion in 2028 at a compound annual growth rate (CAGR) of 15.2%. The anticipated growth in the forecast period can be attributed to efforts in resource optimization for cost efficiency, dependencies on critical applications, a growing demand for data storage, and the management of diverse database environments. Major trends in the forecast period encompass a heightened focus on performance optimization, adherence to regulatory compliance, increased automation for efficiency gains, the implementation of enhanced security measures, and the challenges posed by the growth and complexity of data.
The anticipated increase in data generation is poised to drive the growth of the database monitoring software market. Data generation involves the creation of datasets intended for further processing in a database. Database monitoring software plays a crucial role in efficiently handling vast amounts of generated data, providing quick insights and the ability to stay ahead of the competition. As an illustration, SeedScientific reported in October 2021 that global data production is expected to reach 463 exabytes per day by 2025. Notably, major players like Google, Facebook, Microsoft, and Amazon already store at least 1,200 petabytes of data. The surge in data generation is a key factor propelling the growth of the database monitoring software market.
The increasing adoption of cloud services is anticipated to fuel the growth of the database monitoring software market. Cloud services, a network of remote servers on the Internet that store, manage, and deliver data, play a pivotal role in database monitoring software. They offer scalable infrastructure, real-time monitoring, and seamless access to databases from diverse locations, enhancing overall efficiency and performance. Eurostat reported in December 2021 that 41% of EU enterprises used cloud computing, with significant increases across large, medium-sized, and small enterprises. Notably, 46% of businesses utilized cloud computing for hosting their databases. The growing adoption of cloud services is a key driver for the database monitoring software market.
Technological advancement emerges as a prominent trend in the database monitoring software market, with major companies focusing on developing innovative solutions using Artificial Intelligence (AI), machine learning, and cloud computing. Tata Consultancy Services (TCS) launched the TCS ADD suite in April 2022, an agile and intuitive risk-based monitoring solution for clinical trials. Leveraging advanced statistical algorithms and data science, this solution enhances decision-making, compliance, and study efficacy in the biopharmaceutical sector. The integration of AI and machine learning in the TCS ADD suite enables accurate prediction of outcomes related to site workload and risks, facilitating proactive monitoring strategies.
Major players in the database monitoring software market are intensifying their focus on developing innovative solutions, including open-source management platforms, to gain a competitive edge. Open-source management platforms provide tools and functionalities for overseeing various aspects of IT infrastructure. For instance, Percona launched the Percona Platform in May 2022, consolidating the management of open-source databases such as PostgreSQL, MySQL, and MongoDB into a single system. This platform, anchored by Percona Monitoring and Management (PMM), simplifies tasks for developers and database administrators, offering a comprehensive solution for efficient database management across multiple platforms.
In April 2022, NetApp, Inc., a prominent US-based data company, successfully completed the acquisition of Instaclustr. The financial details of the transaction were not disclosed. This strategic acquisition marks NetApp's entry into the platform-as-a-service (PaaS) sector, aligning with the company's broader strategy to provide more cost-effective cloud solutions to its customers. Instaclustr, the acquired company, operates in the United States and specializes in database performance monitoring and DataOps solutions. The integration of Instaclustr's capabilities is expected to enhance NetApp's offerings and further solidify its presence in the evolving landscape of cloud services.
Major companies operating in the database monitoring software market report are SolarWinds Worldwide LLC, Quest Software Inc., VirtualMetric B V, Sematext Group Inc., Heroix Corporation, eG Innovations Pvt. Ltd., Redgate Software Ltd., Nagios Enterprises LLC, Paessler AG, dbWatch AS, Dynatrace Inc., Intergral GmbH, Idera Inc., IT-Conductor Inc., Oracle Corporation, Cisco Systems Inc., Datadog, AppDynamics, New Relic, Riverbed Technology, Inc., Zoho Corporation Pvt. Ltd., Progress Software Corporation, BMC Software Inc., Splunk Inc., International Business Machines Corporation, Microsoft Corporation, AppNeta, LogicMonitor Inc., Micro Focus International PLC, and PRTG Network Monitor.
North America was the largest region in the database monitoring software market share in 2023. The regions covered in the database monitoring software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the database monitoring software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The database monitoring software market includes revenues earned by entities by providing database services such as database restoration, rebuilding database index, standby databases, database cloning, data conversation, database upgrade, and database security maintenance. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.