LONDON, Aug 05, 2021 (GLOBE NEWSWIRE) – According to The Business Research Company’s database software market research report, more companies are moving away from their on-premises database infrastructure to cost-effective database management in the cloud. Cloud Database as a Service (DBaaS) is hosted on a cloud, freeing operations and maintenance staff from the routine tasks required to run the enterprise database. Cloud DBaaS enables an organization to access, modify, and manage corporate data without the need to configure an on-premises infrastructure.
The DBaaS cloud provides scalable and agile options for healthcare, banking and finance, and IT service organizations requiring data synchronization between geographic locations. In addition, companies involved in e-commerce, e-learning, media, games, mobile applications and financial technology segments are also expected to adopt the trend of DBaaS cloud to achieve automatic scaling, tiered storage architecture, disaster recovery, fast backup. , secure data access and the ability to manage Big Data in real time interactively.
The best growth potential of the segmented database software market by product type will arise in the database maintenance management market, who will win $ 29,650.7 million in global annual sales by 2025. The highest growth potential of the segmented database software market by deployment will arise in the cloud market, who will win $ 79,494.2 million global annual sales by 2025, by end user will arise in the other market, who will win $ 15,583.8 million global annual sales by 2025. Database software market to gain the most in the United States To $ 12,743.2 million.
The Business Research Company report titled Database Software Market – By Type (Managing Database Operations, Managing Database Maintenance), By Deployment (Cloud, On-Premises), By End User (BFSI (Banking, Financial Services & Insurance), IT & Telecommunications, Media & Entertainment, Healthcare, Others) and by Region, Opportunities & Strategies – Global forecast to 2030 covers major database software companies , Database Software Market Share by Company, Database Software Manufacturers, Database Software Market Size, and Database Software Market Forecast. The report also covers the global database software market and its segments.
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North America is the larger region in the database software market, representing 43.8% of the global market in 2020. It was followed by Asia-Pacific, Western Europe and other regions. In the future, the fastest growing regions in the database software market will be Asia Pacific and South America, where growth will be at CAGRs of 13.6% and 9.8% from 2020-2025 respectively.
While cloud database software enables easy access and storage of data without on-premises infrastructure, another market trend is that database software companies are increasingly investing in database software. accessible without network connectivity to improve customer comfort and experience. With the change to make applications more responsive and less dependent on network connectivity, the trend towards offline use or less network dependency is growing in popularity. Nowadays, apps are kept on local databases, or a copy of the database is made in the cloud on a local device and synced whenever there is network connectivity. This allows for faster and more responsive applications that are functional even when there is little or no internet connectivity. Companies such as Oracle, Microsoft, and Realm have mobile versions of their database software, which can be accessed with limited network connectivity.
So, database software vendors should focus on investing in DBaaS cloud to meet growing demand, while also considering adding a mobile-friendly version to their product list, which may be functional. in limited connectivity to meet customer expectations.
Database Software Market Opportunities and Strategies Global Forecast to 2030 is part of a series of new reports from The Business Research Company that provide market overviews, analyze, and forecast market size and growth for the entire market, segments and geographies, trends, drivers, restraints, revenue, profiles and market share of major competitors in over 1,000 industry reports, covering over 2,500 market segments and 60 geographic areas. The report also gives an in-depth analysis of the impact of COVID-19 on the market.
The reports are backed by 150,000 datasets, in-depth secondary research, and proprietary information from interviews with industry leaders. A team of highly experienced and expert analysts and modelers provide market analysis and forecast. The reports identify major countries and segments for opportunities and strategies based on market trends and approaches of major competitors.
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