Database Software Market Definition
The database software products market consists of the sales revenues earned by entities (organizations, sole traders and partnerships) that are engaged in computer software publishing, or publishing and reproduction. Establishments that are engaged in writing, modifying, designing, testing, assisting in installation, providing documentation and supporting software are also included in this market.
Database software products are used for creating, editing and managing database files and records. It allows users to store data in the form of structured fields or tables and columns, and data can be retrieved or extracted directly through programmatic access. Database software products are used by many industries for bookkeeping, compiling client lists and maintaining other such similar tasks.
Database Software Market Size
The global database software market reached a value of nearly $78,722.3 million in 2019, having grown at a compound annual growth rate (CAGR) of 10.6% since 2015, and is expected to grow at a CAGR of 10.5% to nearly $117,369.7 million by 2023. Also the market is expected to growth to $139,814.2 million in 2025 at a CAGR of 9.1% and to $196,192.2 million in 2030 at a CAGR of 7.0%.
Growth in the historic period resulted from technological advances, digitization, and economic growth. Factors that negatively affected growth in the historic period were cyber security, and consumer reluctance.
Going forward, increase in amount of data generated is expected to drive the market. Factors that could hinder the growth of the database software market in the future include increasing number of laws, barriers to entry, and rise in open source software.
Database Software Market Drivers
The key drivers of the database software market include:
Increase In Amount Of Data Generated
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. In addition, the introduction of customer-interface applications and the implementation of cloud computing technologies in industries including small scale enterprises have also increased the demand for database software. For example, companies including Coca-Cola has invested in FileMaker, a custom database software to deal with its large amount of data in a more efficient way. The use of FileMaker enables managers to analyze reports to get a glimpse of what is happening company-wide in-real time.
Database Software Market Restraints
The key restraints on the database software market include:
Security and password protection were key issues for the database software market. The need for firewall protection and network separation to ensure privacy was another major need across all industries. Proactive initiatives and routine security assessments undertaken with the help of security researchers were needed to analyze programming vulnerabilities. Data privacy and security risk can be a major restraint in the growth of database software market. During November 2019 alone, there were reported cases of more than 1 billion breaches, most of them caused due to one leaked database.
Database Software Market Trends
Major trends influencing the database software market include:
Increased Focus On Database Security
Database software manufacturers are increasingly investing in security measures in order to protect data. Data privacy and security risks can be a major restraint in the growth of database software market. During November 2019 alone, there were reported cases of more than 1 billion breaches, most of them caused due to one leaked database. Understanding this risk, database software companies are increasingly investing in security of databases and are trying to make the cloud a protected place to store sensitive information. Companies such as Oracle and Microsoft are increasingly investing in database security to protect data. Oracle’s database software claims to offer various levels of security for database protection including encryption.
Use Of Hybrid Transactional and Analytical Processing Systems (HTAP)
One of the major trends gaining traction in the database software industry is the use of hybrid transactional and analytical processing systems (HTAP) to reduce the data processing time. HTAP is an in-memory database which allows user to store data without compromising transactions or analytical workloads and to perform online transaction processing and online analytical processing without duplicating data. This helps to reduce data processing and data retrieval time and also helps in real-time decision making. HTAP performs online-analysis simultaneously with data processing. In 2016, IBM released IBM DB2 12, a HTAP platform that has in-memory capabilities and boosts real-time analytic processing 100 times over the previous versions.
Opportunities And Recommendations In The Database Software Market
Opportunities – The top growth potential in the database software market segmented by type of software will arise in the database maintenance management market, which will gain $20,557 million of global annual sales by 2023. The top growth potential in the database software market segmented by type of deployment will arise in the cloud market, which will gain $65,412 million of global annual sales by 2023. The top growth potential in the database software market segmented by type of end user will arise in the others market, which will gain $12,048 million of global annual sales by 2023.The database software market will gain the most in the USA at $10,066 million.
Recommendations – To take advantage of the opportunities, The Business Research Company recommends the database software companies consider focusing on database security and use of hybrid transactional and analytical processing systems (HTAP), consider expanding through collaborations, leverage technology to maximize reach and increase visibility through a high-performance website and focus on offering their products and solutions on a subscription or pay-per-usage payment models, among other strategies.
Database Software Market Segmentation
The database software market is segmented by type of software, by type of deployment, by end-user and by geography.
By Type Of Software-
The database software market can be segmented by type of software into
The database maintenance management market was the largest segment of the database software market, accounting for $40,164 million or 51.0% of the total market in 2019. It is also expected to be the fastest-growing segment going forward at a CAGR of 10.9%.
- a) Database Maintenance Management
- b) Database Operation Management
By Type Of Deployment –
The database software market can be segmented by type of deployment into
The on-premise market was the largest segment of the database software market by deployment, accounting for $56,107 million or 71.3% of the total market in 2019. The cloud market is expected to be the fastest-growing segment going forward at a CAGR of 40.5%.
By End User –
The database software market can be segmented by end user into
The others was the largest segment of the database software market by end user, accounting for $ 23,241 million or 29.5% of the total market in 2019. The media & entertainment market is expected to be the fastest-growing segment going forward at a CAGR of 11.5%.
- a) IT & Telecom
- b) BFSI
- c) Media & Entertainment
- d) Healthcare
- e) Others
The database software market is segmented into
North America was the largest region in the database software market, accounting for 44.2% of the global market in 2019. It was followed by Asia Pacific, Western Europe and the other regions. Going forward, the fastest growing regions in the database software market will be Asia-Pacific and South America
- o North America
- o Western Europe
- o Asia Pacific
- South Korea
- o Eastern Europe
- o South America
- o Middle East
- o Africa
Database Software Competitive Landscape
Major Competitors are:
Other Competitors Include:
- • Oracle
- • Microsoft Corporation
- • IBM
- • SAP SE
- • Amazon
- • Teradata
- • MongoDB
- • Mark Logic
- • Couch base
- • SQLite
- • Rocket Software
- • Software AG
- • PingCAP
- • Huawei
- • Datastax
- • InterSystems
- • MongoDB
- • Mark Logic
- • Couch base
- • MariaDB
- • ScienceSoft
- • AI Software
- • Pivotal Software