Database Management System MarketSize and Trends

Database management system refers to the product used for storage and organization of data that typically has defined formats and structures. The growing demand for cloud-based management and data storage solutions has led to a paradigm shift from file system to data management system. Technologies in DBMS are XML Database Management System (XDBMS), Object-Relational Database Management System (ORDBMS), Hadoop, Relational Database Management System (RDBMS), and NoSQL. Advantages of database management system (DBMS) include consistency, governing information redundancy, integrity, and sharing. Better quality insights can be achieved with the help of the database management system, which enhances productivity and decision making.

The rising inclination of organizations towards adoption of advanced technologies such as cloud-based technology is the factor driving growth for the global database management system (DBMS) market

The growing adoption of cloud-computing by small to large-scale enterprises, improved data sharing, data security and efficiency in management of a large amount of data is expected to generate demand for database management system in the global market. The inclination of organizations towards the adoption of cloud-based solutions for data management and data security is driving the global database management system (DBMS) market. For instance, in October 2019, Cockroach Labs, a U.S-based computer software company, announced the launch of its beta program 'CockroachCloud', a fully-managed service for its CockroachDB distributed SQL database. With this service, end users can scale & manage a complex and highly available distributed SQL database within stipulated time. A cloud database involves variety of designing, developing of hardware and software. It is a system in which variety of computers are connected through the internet. Extensive usage of database management systems in various sectors such as government, aerospace and defense, healthcare, education, and manufacturing among others is fuelling the expansion of the global database management system market.

The easy accessibility of data, cost-effectiveness of the DBMS solutions, and effective data sharing within the organization are some of the major factors that are driving growth of the global database management system (DBMS) market. However, factors such as complexity of DBMS, availability of open-source solutions, large size, high cost of software and hardware, as well as high cost of training technical staff are expected to hinder growth of the global database management system (DBMS) market.