Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 63.50 Billion | USD 152.36 Billion | 11.56% | 2022 |
The global database management systems (DBMS) market size was worth around USD 63.50 billion in 2022 and is predicted to grow to around USD 152.36 billion by 2030 with a compound annual growth rate (CAGR) of roughly 11.56% between 2023 and 2030.
Database management systems (DBMS) are software or programs used for the creation and management of databases. DBMS is utilized for modifying a database system. DBMS is highly regarded and extensively utilized software across various industries. A database is a meticulously organized collection of structured data that is typically stored electronically. It is widely recognized as the dominant form of data management platform in modern times. It acts as a middle ground or an intermediary between users and the database by delivering easy accessibility.
Some of the most common assistance provided by database management systems include performance monitoring & tuning, change management, backup, security, and recovery. This holistic approach by DBMS is the reason for the higher acceptance and popularity of database management platforms. They allow centralized access to structured information through multiple channels across the user board. The essential components of DBMS include a storage engine, metadog catalog, database access language, optimization engine, query processor, lock manager, log manager, and data utilities.
Increasing data complexity across businesses is the key market-driving force
The global database management systems (DBMS) market is expected to grow owing to the data across industries and regions getting increasingly complex with every passing year. Businesses in modern times are communicating with several stakeholders at once including customers, buyers, raw material suppliers, internal & external vendors, and other parties involved in ensuring that a business runs successfully. In addition to this, business transactions are no longer simple or linear. The addition of new stakeholders encourages more interconnections within a business which translates to higher dependencies leading to a higher risk of losing control.
As per official reports, more than 97 zettabytes of data were created in 2022. Database management systems offer an efficient way to store and manage the vast amount of information available to businesses. Companies can securely store every relevant piece of information and access it at any given time with a few simple steps.
Rising globalization worldwide may cause more companies to adopt DBMS
Companies and businesses are steadily expanding in terms of regional presence. They are seeking new opportunities to explore new markets and consumer bases with a special focus on emerging countries. Such market trends are likely to create more demand in the global database management systems (DBMS) market since companies will invest in technologies that help them achieve centralized data management.
In July 2023, the European Union (EU) and African Union (AU) announced the signing of the AU-EU Innovation Agenda through which the regions are expected to collaborate to improve knowledge sharing across technology, science, and innovation segments. In October 2023, Amazon, the leading e-commerce giant, announced that it will launch its website in South Africa, Amazon.co.za, in 2024 thus expanding its global presence.
High cost of initial investments and maintenance may restrict market demand
The global database management systems (DBMS) industry is expected to be restricted due to the high cost of the technology. The initial investment expense is generally higher since it requires employing multiple large-scale technological assets as well as skilled human professionals. Furthermore, the maintenance cost is equally high leading to additional recurring costs. Companies working on limited budgets or smaller organizations may not find DBMS cost-efficient thus leading to a restricted adoption rate.
Cloud technology to completely disrupt market growth trajectory
The global database management systems (DBMS) market will attain new heights due to the increasing rate of DBMS technology to cloud-based systems. As of 2022, almost 75.01% of all database management systems are operated using cloud technology since it offers exceptional flexibility. The increasing adoption of hybrid or remote work culture across the globe has been a triggering point for several companies to move to cloud-based DBMS modules. The DBMS industry can also gain higher growth momentum by exploring the growing demand for open-source cloud systems. Organizations are evolving with time. They are looking for ways in which extra costs can be reduced and profits can be maximized. Thus, several companies are opting for open-source cloud DBMS as they do not have to pay license fees and continue to enjoy the benefits of database management systems.
In October 2022, ClickHouse, Inc., a company that has developed the popular online analytical processing (OLAP) database management system, announced the launch of ClickHouse Cloud. It is developed keeping in view the demand for modern businesses that require rapid solutions. Apart from offering light-fast analytical insights, the platform also provides improved security, usability, and reliability. In November 2023, at AWS re: Invent 2023, leading technology company IBM announced that it is collaborating with Amazon Web Services (AWS) toward making Amazon Relational Database Service (Amazon RDS) generally available for Database 2 (Db2) which is a cloud-based offering meant for artificial intelligence (AI) workloads.
Risk of technology failure and management of repercussions poses threats to the market growth rate
The DBMS industry is anticipated to face challenges due to the potential risk of technology failure related to database management tools. Given the critical reliance of companies on database management systems, even a minor technical error can have significant consequences, potentially resulting in financial loss. Furthermore, damage to the reparations of the brand or the company is an intangible negative impact but equally critical. Companies offering DBMS platforms must continue to strive to achieve zero technical errors which may be challenging.
The global database management systems (DBMS) market is segmented based on enterprise size, product type, and region.
Based on enterprise size, the global market segments are small & medium enterprises (SMEs) and large enterprises. In 2022, the highest growth rate was observed in the large enterprises segment. Such companies generally work with complex and large volumes of data. They require efficient tools that can help them maintain structured information that can be easily accessed. Additionally, large-scale companies operate on a global level encouraging them to adopt database management systems. However, the SME segment is also growing steadily, especially as DBMS developers now offer more cost-efficient solutions especially created for small or mid-sized firms. As per official reports, Google handles more than 2.5 exabytes of information every day.
Based on product type, the global market divisions are database maintenance management and database operation management. In 2022, the highest growth was reported in the database operation management segment. It deals with the core functionalities or deliverables of DBMS to the clients. The rising access to information as well as growing data complexities and the need for proper database management are critical segmental growth drivers. Database maintenance management refers to ensuring that the DBMS tools are regularly checked and any required changes are made on time. Oracle, a leading operator in the DBMS industry has over 55,000 clients globally.
Report Attributes | Report Details |
---|---|
Report Name | Database Management Systems (DBMS) Market |
Market Size in 2022 | USD 63.50 Billion |
Market Forecast in 2030 | USD 152.36 Billion |
Growth Rate | CAGR of 11.56% |
Number of Pages | 229 |
Key Companies Covered | Microsoft, Oracle, PostgreSQL, IBM, Amazon Web Services (AWS), MySQL (now part of Oracle), Couchbase, MongoDB, Snowflake, SQLite, SAP, Redis Labs, MariaDB Corporation, Informix (IBM), Teradata., and others. |
Segments Covered | By Enterprise Size, By Product Type, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America to continue holding the highest revenue-generating title during the projection period
North America will maintain its position as the leader of the global DBMS market all over the forecast period. The United States is the dominant manufacturer of acclaimed and world-class database management systems. As regional competitors boost their client base and explore emerging markets, they undergo constant change. In October 2023, MongoDB, Inc. a US-based software firm that provides commercial support for the source-available database MongoDB, announced the launch of MongoDB Atlas for Insurance and MongoDB Atlas for Healthcare. The tools are expected to help the industries increase the technology adoption pace in the coming years.
In September 2023, InfluxData, a California company, launched InfluxDB Clustered. It is curated as a self-managed variant of the vendor's time series database while offering cloud-based and private deployments. Asia-Pacific is one of the fastest-growing markets for DBMS. Countries such as India and China are working on new DBMS systems. India, for instance, has a huge domestic and international market for database management systems. The growing adoption of DBMS in the healthcare and information technology (IT) sectors may drive regional demand.
The global database management systems (DBMS) market is led by players like:
By Enterprise Size
By Product Type
FrequentlyAsked Questions
Database management systems (DBMS) are software or programs used for the creation and management of databases.
The global database management systems (DBMS) market is expected to grow owing to the data across industries and regions getting increasingly complex with every passing year.
According to study, the global database management systems (DBMS) market size was worth around USD 63.50 billion in 2022 and is predicted to grow to around USD 152.36 billion by 2030.
The CAGR value of database management systems (DBMS) market is expected to be around 11.56% during 2023-2030.
The global database management systems (DBMS) market will be led by North America during the forecast period.
The global database management systems (DBMS) market is led by players like Microsoft, Oracle, PostgreSQL, IBM, Amazon Web Services (AWS), MySQL (now part of Oracle), Couchbase, MongoDB, Snowflake, SQLite, SAP, Redis Labs, MariaDB Corporation, Informix (IBM), and Teradata.
The report explores crucial aspects of the database management systems (DBMS) market including detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed