The database management system market was valued at US$54.432 billion in 2019. A database management system refers to a collective program that helps organizations across the various industry verticals to control and manage the huge amount of data stored across the various databases of the organization. It is a type of software that helps companies to store and retrieve the data of users along with maintaining the proper security of that data. The major factor that is driving the database management market growth is the burgeoning adoption of data-driven operations across the major industry verticals.
The rapidly growing investments in the 5G technology is further anticipated to propel the adoption of these systems as penetration of 5G will further enable the organizations to accommodate large volumes of data along coupled with maintaining extremely high speeds along with eliminating the risks of downtime. The inclination of the businesses towards automation and the increasing importance of cloud applications is further anticipated to positively impact market growth during the next five years.
Furthermore, the growing investments by various key market players in new data centers to meet the growing demand for cloud computing are also expected to significantly bolster the growth of the market to some extent in the coming years. For instance, in May 2020, Microsoft Corporation announced an investment worth US$ 1 billion to build a new data center in Poland for providing cloud services to various organizations across the industry verticals. Similarly, in June 2018, Microsoft Corporation announced that it will be opening four storage data centers in France to meet the demand for cloud computing.
Increasing Investment in Industrial Automation
Industrial automation has revolutionized the way industries operate. It has eased the pressure on industries by providing better output at a much faster rate. Automation has also led to many new approaches that were not previously possible by human-controlled machines. Thus, significant adoption of various systems is anticipated and industrial PCs form an integral part of this increase as PCs are required for automation to perform different tasks such as machinery controlling and programming, tracking of inventory, among others. Industrial PCs along with being a core part of industrial automation, also provide a huge amount of data generation. Furthermore, the growing investment by companies as a movement towards digital transformation is also projected to significantly drive the demand for database management systems during the next five years. For instance, In May 2018, Latécoère, an aircraft company launched a new smart factory at Toulouse-Montredon to accelerate the digital transformation process within the company.
Emerging 5g technology
5G technology has just started to be made commercially available and has been in the testing stage for multiple years. Vodafone recently launched its 5G services in seven cities in the United Kingdom and has plans to expand the services to 19 cities as the year progresses. Similarly, Monaco has launched Europe’s first Huawei-built 5G network in July 2019, and the technology is projected to spread at a very fast rate in multiple developed economies during the forecast period. The organizations further expected that the deployment of 5G will be considered as an opportunity for the companies to rapidly adopt cloud-based operations. Thus, a significant increase in data-driven operations is anticipated over the coming years with the deployment of 5G technology, which is further anticipated to propel the growth opportunities for the market to surge shortly.
Rising IoT penetration across various industry verticals
Internet of Things (IoT) is expected to be one of those technologies which are projected to become universally acceptable across every industry vertical. The major factor driving its adoption across all the verticals is the affordability of the sensor technology. As the industries are moving towards digitization IoT is projected to play a significant role in driving data-driven operations.
The rising smartphone penetration coupled with the growing number of internet users along with the high adoption rate of social media platforms is one of the key factors supporting the growth of the market in the coming years. Moreover, according to the Internet and Television Association of the United States, there is an exponential growth in the number of connected devices during the past eight years. The number of connected devices is projected to reach 50.1 billion by the end of 2020 from only 8.7 billion in 2012. Furthermore, the availability of fast internet services is also driving the growth of IoT across the industry verticals which in turn is positively impacting the growth of the database management system market. According to Aruba, a Hewlett Packard Enterprise company, based in Santa Clara, CA, by 2019, around 87 percent of the healthcare organizations will be adopting IoT which is going to completely transform the healthcare industry, boosting the growth of the market growth as well for the healthcare industry during the forecast period.
The database management system has been classified into type, deployment, industry verticals, and geography. Based on type, the segmentation has been done based on hierarchical, network, relational, and object-oriented. Based on deployment, the market has been segmented into the cloud and on-premise. By industry vertical, the segmentation of the database management system has been done based on BFSI, healthcare, retail, IT and Telecom, manufacturing, and others. Geographically, the market has been segmented into North America, South America, Europe, Middle East and Africa, and the Asia Pacific.
Prominent key market players in the database management system market include Microsoft Corporation, SAP, Oracle, IBM, and Hewlett Packard Enterprise Company among others. These companies hold a noteworthy share in the market on account of their good brand image and product types. Major players in the database management system market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last two years.
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