Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1.74 Billion | USD 16.52 Billion | 28.40% | 2023 |
The global Database Automation Market size was worth around USD 1.74 Billion in 2023 and is predicted to grow to around USD 16.52 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 28.40% between 2024 and 2032.
The report analyzes and forecasts the database automation market on a global and regional level. The study offers historical data from 2018 to 2022, along with a forecast from 2024 to 2032 based on revenue (USD Billion).
Database automation is the use of automatic devices, processes, and systems for gathering, processing, and storing information. It is done to reduce costs and simplify processes that are performed manually.
Database automation market is expected to grow significantly during the forecast time period, due to technology use in various financial processes. Various financial institutes are investing in technology to automate their business processes. In 2017, technological investments made by various banks in Europe, North America, and the Asia Pacific were about USD 57.3 billion as compared to USD 48.4 billion in 2015. Furthermore, in 2015, the financial sector of Singapore allocated USD 225 million to set up labs and develop infrastructure for FinTech services. This, in turn, is anticipated to propel the database automation market during the forecast time period. Rising technological investments made in the retail sector and the use of blockchain technology are likely to play a vital role in driving the database automation market. Retailers, such as eBay, Amazon, and Walmart, are using blockchain technology for efficient inventory management. In 2018, Walmart announced to use blockchain to track each bag of lettuce and spinach. This blockchain technology was provided by IBM Corporation to Walmart. However, rising cyber-attacks might limit the database automation market during the estimated timeframe. Organizations are opting for these automated solutions as they provide security and help in preventing data theft.
The assessment of database automation market dynamics gives a brief thought about the drivers and restraints for the database automation market along with the impact they have on the demand over the years to come. Additionally, the report also includes the study of opportunities available in the database automation market on a global level.
The report gives a transparent view of the database automation market. We have included a detailed competitive scenario and portfolio of leading vendors operating in database automation market. To understand the competitive landscape in the database automation market, an analysis of Porter’s Five Forces model for the database automation market has also been included. The study encompasses a market attractiveness analysis, wherein database, deployment, component, application, end-use industry, and regional segments are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a crucial view of the database automation by segmenting the market based on database, deployment, component, application, end-use industry, and region. All the segments of database automation market have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
By database, the database automation market is segmented into hierarchical databases, network databases, relational databases, and object-oriented databases.
By deployment, the database automation market is segmented into cloud, on-premises, and hybrid. Cloud segment is projected to hold a significant market share during the estimated timeframe, due to the rising investments made by various firms in cloud technology.Solutions and service comprise the component segment of the database automation market.
By application, the global database automation market is segmented into finance, operations, human resources, sales and marketing, and information technology.
By end-use industry, the global database automation market is divided into transportation, automotive, IT & telecom, retail, government sector, BFSI, and others. The retail sector is anticipated to grow substantially over the estimated timeframe, due to the rising adoption of online shopping in the retail sector.
Report Attributes | Report Details |
---|---|
Report Name | Database Automation Market Size Report |
Market Size in 2023 | USD 1.74 Billion |
Market Forecast in 2032 | USD 16.52 Billion |
Growth Rate | CAGR of 28.40% |
Number of Pages | 188 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | Oracle Corporation, BMC Software, Inc., CA Technologies, Micro Focus, Amazon Web Services, Inc., SAP SE, Microsoft Corporation, Datavail, IBM Corporation, Quest Software Inc., IDERA, Inc., Help Systems, LLC, Red Gate Software Ltd., WhereScape Software Ltd., and Datical, among others. |
Segments Covered | By Database, By Deployment, By Application and By region |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The regional segmentation comprises the current and forecast demand for the Middle East and Africa, North America, Asia Pacific, Latin America, and Europe for database automation market with the regions further divided into major countries, such as the U.S., Canada, Mexico, UK, France, Germany, Russia, China, Japan, South Korea, India, Taiwan, Brazil, Argentina, Saudi Arabia, and UAE.
The Asia Pacific is likely to hold a substantial share in the global database automation market over the forecast timeframe, due to the technological advancements happening in China, India, and South Korea. Furthermore, IT giants, such as Microsoft Corporation and IBM Corporation, are taking initiatives to offer their automated services in the region. In 2016, Microsoft launched an IoT innovation center in Taiwan. Further, IBM Corporation is planning to invest in China’s initiative of “AI-enabled China.”
Some of the major players operating in the Database Automation Market are:
The competitive profiling of key players of database automation market includes company and financial overview, business strategies adopted by them, their recent developments, and products offered by them that can help in assessing the market competition. Certain major players operating in the global database automation market are:
Global Database Automation Market: Database Segment Analysis
Global Database Automation Market: Deployment Segment Analysis
Global Database Automation Market: Component Segment Analysis
Global Database Automation Market: Application Segment Analysis
Global Database Automation Market: End-Use Industry Segment Analysis
Global Database Automation Market: Regional Segment Analysis
FrequentlyAsked Questions
The global Database Automation Market size was worth around USD 1.74 Billion in 2023 and is predicted to grow to around USD 16.52 Billion by 2032
compound annual growth rate (CAGR) of roughly 28.40% between 2024 and 2032
The largest share of the Database Automation Market is held by Asia Pacific. Developing countries of Asia Pacific such as China, Japan, and India will be dominating the market scenario mainly due to the rising constructional activities. The growth of Asia-Pacific region is expected to be followed by the Middle East and North America. Also, significant growth is expected from Western Europe owing to the developments taking place in this region especially in countries such as Italy, Germany, the U.K, France, and Spain. However, growth in Africa, Latin America, and Eastern Europe is anticipated to be moderate over the forecast period.
global database automation market are Oracle Corporation, BMC Software, Inc., CA Technologies, Micro Focus, Amazon Web Services, Inc., SAP SE, Microsoft Corporation, Datavail, IBM Corporation, Quest Software Inc., IDERA, Inc., Help Systems, LLC, Red Gate Software Ltd., WhereScape Software Ltd., and Datical, among others.
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