Global Database Software Market Trends And Strategies Of Major Players In The Database Software Market 2021-2030
11 Mar, 2021
The database software market consists of sales of database software which are used to develop, modify and maintain database records and files. This software enables users to store data in the form of tables, fields and columns and recover them directly and/or through programmatic access. Database software is used for several reasons ranging from compiling client lists, maintaining bookkeeping tasks to running online web site.
Global Database Software Market Size And Drivers:
The global database software market is expected to grow at a CAGR of 12% from 2021 and reach $201.2 billion in 2023.
Increase in the amount of data generated by industries in their regular operations and integration of technologies including Internet of Things (IoT) in the process are expected to benefit the forecast period as it rises the need of using database software to handle vast amount of data with confidentiality, integrity, and availability.
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Trends In The Global Database Software Market
Major trends in the market include mergers and acquisitions. In January 2019, Microsoft acquired Citus Data for an undisclosed amount. The acquisition of Citus is expected to enhance and scale Microsoft’s capabilities in high-performance PostgreSQL databases. It also helps to improve performance scale for application developers as Citus is an open-source extension to PostgreSQL that modifies PostgreSQL into a distributed database. Citus Data is a developer and distributor of database products. It focuses on open-source PostgreSQL and on enhancing the performance of the enterprises by providing a horizontal scalable database.
Global Database Software Market Segments:
The global database software market is further segmented based on type, end use, deployment, and geography.
By Type: Database Operation Management, Database Maintenance Management.
By End User: BFSI [Banking and Financial Services], IT & Telecommunication, Media & Entertainment, Healthcare, Aerospace & Defense, Others.
By Deployment: Cloud, On-Premise.
By Geography: The global database software market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Report For The Global Database Software Market At:https://www.thebusinessresearchcompany.com/report/database-software-market
Database Software Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides database software market overviews, analyzes and forecasts market size and growth for the global database software market, database software market share, database software market players, database software market segments and geographies, database software market’s leading competitors’ revenues, profiles and market shares. The database software market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.