Database Management System Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Hierarchical, Network, Relational, Object-Oriented), By Deployment (Cloud, On-premise), By Enterprise Size (Small And Medium, Large), By Industry Verticals (BFSI, Healthcare, Retail, IT And Telecom, Manufacturing, Others), And By Geography - Forecasts From 2022 To 2027

The database management system market is estimated to grow at a CAGR of 12.78% to reach a market size of US$148.424 billion in 2027 from US$63.958 billion in 2020.

A database management system refers to a collective program that helps organizations across 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 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’s growth is the burgeoning adoption of data-driven operations across the major industry verticals.

The rapidly growing investments in 5G technology are further anticipated to propel the adoption of these systems as penetration of 5G will further enable organizations to accommodate large volumes of data, coupled with maintaining extremely high speeds and eliminating the risks of downtime. The inclination of 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 to provide cloud services to various organizations across the industry verticals. Similarly, in June 2018, Microsoft Corporation announced that it would 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 control and programming, and 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.

Furthermore, 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 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 expect that the deployment of 5G will be considered 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

The 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 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 and 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, up 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 healthcare organizations will be adopting IoT, which is going to completely transform the healthcare industry, boosting the growth of the market as well as during the forecast period.

The database management system has been classified into type, deployment, industry verticals, and geography. 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 & telecom, manufacturing, and others. Geographically, the market has been segmented into North America, South America, Europe, the Middle East, Africa, and the Asia Pacific.

Recent Developments and expansions

Percona introduced a management system for open-source databases in May 2022. The firm has enabled other open-source database projects to develop tools to provide management information. The platform could be used to handle MySQL, MongoDB, and PostgreSQL along with other open-source database systems.

Microsoft introduced a new "one-stop-shop" for data management to offer organizations comprehensive data governance and risk management. Microsoft Purview combines the abilities of Azure Purview as well as the Microsoft 365 Compliance portfolio. Businesses can easily access their data and risk solutions while gaining visibility into assets across their data estate.

In May 2021, Hewlett Packard Enterprise unveiled HPE GreenLake, an edge-to-cloud platform for managing and storing data for a hybrid cloud.

IBM Corporation introduced a storage system for managing data across hybrid clouds in April 2021. It is anticipated that the storage system will enhance data management in hybrid cloud environments, enhancing data availability & flexibility.

COVID-19 Impact on the Database Management System Market

The worldwide data management market responded to the COVID-19 crisis relatively positively. Enterprise data management solutions assisted hospitals and government officials during the COVID-19 crisis in accurately quantifying the number of susceptible persons with the aid of de-duplication automated records so they may reach out to these people and provide medical assistance. Medical professionals employ these techniques to locate, test, and isolate susceptible individuals who may have had direct contact with any other infected person.

Database Management System Market Scope:

Segmentation

• By Type
  • Hierarchical
  • Network
  • Relational
  • Object-Oriented
• By Deployment
  • Cloud
  • On-premise
• By Enterprise Size
  • Small and Medium
  • Large
• By Industry Verticals
  • BFSI
  • Healthcare
  • Retail
  • IT and Telecom
  • Manufacturing
  • Others
•  By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Taiwan
    • Indonesia
    • Others