Database management

Database Management System Market Statistics 2021 | Key influencing factors responsible for rapid growth

Database Management Systems Market

The increasing volume of data across different industries is expected to drive the growth of the Database Management Systems market.

PORTLAND, PORTLAND, OR, USA, Oct 6, 2021 / – Growing volume, technological development and advent of cloud-based solutions are some of the important factors driving the growth of the market database management systems.

Growing application areas and high adoption of cloud computing among small businesses are playing a vital role in the growth of Database Management Systems (DBMS) market. Moreover, the advent of cloud computing for big data processing is also leading to greater adoption of DBMS, thus becoming a driving factor in the growth of the database management systems market. However, the high costs of hardware and software are expected to hamper the growth of the market. On the contrary, the amount of digital content is increasing across the world, the need for database centers and hence cloud storage is expected to increase is an opportunity factor for the global market.

Cloud computing has given a new dimension to the IT industry and companies are looking to embrace cloud services rather than investing massive amounts of money in obtaining the infrastructure for their own database system. With this advent of computing and cloud computing, the cloud database is also accelerating to establish itself definitively in the computing world. There are various advantages which make it preferable and adoptable by a large number of companies for its incomparable services in a very economical way.

Technology has changed the way of doing business and the behavior of users to shop on the Internet and they rely on shopping to save time. This change in business has allowed companies to think about the fastest way to do business on the Internet. They prefer to use the cloud database so that they can access the information stored in their database without wasting time.

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Key industry players – Amazon Web Services, Cloudera Inc., EnterpriseDB Corporation, Embarcadero Technologies, IBM Corporation, Microsoft Corporation, MariaDB Corporation, MarkLogic Corporation, Oracle Corporation and SAP AG

For DBMS, it is mandatory to have high speed processor and also large memory size because nowadays there is a large amount of data in every domain which needs to be stored safely and securely. The requirement for these large amounts of space and a high-speed processor also requires expensive hardware and software. That is, there is a requirement for sophisticated hardware and software, which means we have to upgrade the hardware used for the file-based system. Both hardware and software require very expensive maintenance. All operating, licensing and regulatory compliance costs are very high. The users have to convert the data into a database management system, which requires a lot of money as it adds to the cost of the database management system. Indeed, for this conversion we have to hire designers of database systems that we have to pay a lot of money and the services of a software company will also be needed. All of this shows that a high initial investment in hardware, software and skilled personnel is required by the DBMS. So, overall, the database management system results in a more expensive system.

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Finally, this report provides insights into the Database Management System Market in the most comprehensive manner. The structure of the report has been maintained to provide maximum business value. It provides critical information on market dynamics and will enable strategic decision making for existing market players as well as for those who wish to enter the market.

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