Significant insights of Database Management System (DBMS) Market 2022 - Analysis & Forecast (63 Billion $ Market)
October 18, 2019 by Market-NewsFlash
Database Management System (DBMS) Global Market, High Adoption of Cloud Computing, By 2022 with a Growing CAGR; Asserts MRFR :
Database Management System Global Market — Overview
The global market of database management system (DBMS) is growing at the rapid pace, mainly due to factors such as the augmented adoption of cloud computing in the small-scale enterprises, improved data sharing, data security, and minimized data integration whereas high cost of hardware and software, high cost of staff training & technical staff are some of the restrains of the market. According to a recent study report published by the Market Research Future, The global market of database management system is booming and expected to gain prominence over the forecast period.
The market is projected to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016–2022).
DBMS has wide application area and high adoption of cloud computing among the small-scale enterprises are playing vital role in the growth of DBMS market. As the size of the digital content around the world is increasing, the need of database centers and cloud computing is expected to rise significantly.
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DBMS plays a key role in the IT and telecommunication industry whereas the emergence of cloud computing is also boosting the high adoption of DBMS in other industries.
The study indicates that, BFSI and healthcare sector are more vulnerable to cyber-attacks, and cloud computing is aiding these industries on a broader scale to secure and manage their confidential data. Growing industrialization in Asian countries and high adoption of technology in the business process is boosting the market.
Oracle Corporation (U.S), Embarcadero Technologies (U.S), SAP AG (Germany), IBM Corporation (U.S), MarkLogic (U.S), Hewlett-Packard (U.S), Microsoft Corporation (U.S), Amazon Web Services (U.S.), EnterpriseDB (U.S), InterSystems (U.S), Cloudera (U.S), are some of the prominent players at the forefront of competition in the Global Database Management System Market and are profiled in MRFR Analysis.
Database Management System Global Market — Regional Analysis
North America is dominating the global database management system market with the largest market share and therefore accounting for astronomical amounts and is expected to grow over its previous growth records by 2022 due to the presence of global players which provide competitive advantage to U.S. and Canada.
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