The relational database market has experienced significant growth, increasing from $65.54 billion in 2023 to $74.09 billion in 2024, reflecting a compound annual growth rate (CAGR) of 13.1%. This growth is driven by the adoption of cloud-based solutions, demand for real-time analytics, rising data volumes, the need for business automation, and the growth of personal computing. The market is set to continue its expansion, reaching $121.57 billion by 2028, with a CAGR of 13.2%. Future growth is supported by rising data volumes, increased cloud computing adoption, demand for real-time analytics, growth in edge computing, and data virtualization techniques. Key trends include AI and machine learning integration, technological advancements, DevOps and continuous integration, database technology innovations, and blockchain integration.
Major Driver In The Relational Database Market
The rising adoption of cloud computing is expected to boost the growth of the relational database market. Cloud computing offers scalable, flexible, and cost-effective access to computing resources over the internet, including database management. Cloud-based relational databases provide a robust solution for managing structured data, enabling organizations to benefit from advanced features without maintaining physical infrastructure. Eurostat reported that 45.2% of EU enterprises used cloud computing services in December 2023, marking a 4% increase from 2021. The growing adoption of cloud computing is therefore driving the relational database market.
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Relational Database Market Competitive Landscape
Amazon.com Inc., Google LLC, Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, SAP SE, Teradata Corporation, Cloudera Inc, InterSystems Corp, EnterpriseDB, Idera Inc., Cockroach Labs Inc, SingleStore Inc, Actian Vector Corp, Percona LLC, MySQL AB, Yugabyte, MariaDB Corporation, ScyllaDB Inc, Greenplum Inc, Fauna Inc., GridGain Systems Inc., ClickHouse Inc, Apache Software Foundation, PostgreSQL Inc
Key Relational Database Market Trend
In the relational database market, strategic partnerships are becoming a key approach to enhance service offerings and meet diverse customer needs effectively. For instance, in March 2024, Fauna, a US-based adaptive operational database platform, formed a partnership with Google Cloud Platform, a US-based cloud service provider. This collaboration allows developers to integrate Fauna's distributed document-relational database seamlessly within the Google Cloud ecosystem, simplifying the procurement process and facilitating integration with other Google Cloud services.
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Relational Database Market Segmentation
The relational database market covered in this report is segmented –
1) By Services: Training And Consulting Services, System And Network Integration, Deployment And Maintenance
2) By Software: Database Application Builder, Data Scaling And Replication, Backup And Recovery, Database Encryption, Other Softwares
3) By Database: Structured Query Language (SQL) Database, No Structured Query Language (SQL) Database
4) By Deployment Model: Public Cloud, Private Cloud, Hybrid Cloud
5) By End User: Banking, Financial Services And Insurance (BFSI), Government And Public Sectors, Healthcare And Life Sciences, Information Technology (IT) And Telecommunication, Retail, Education, Other End Users
By Geography:The regions covered in the relational database market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the relational database market in 2023.
The Relational Database Global Market Report 2024 furnishes information about the global relational database market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
