Growing application areas and high cloud computing adoption among small-scale businesses play a vital role in the growth of the database management system (DBMS) market. Moreover, advent of cloud computing for handling huge data also results in the higher DBMS adoption, thereby emerging as a driving factor for the growth of DBMS market.
However, high hardware and software costs is anticipated to hamper the growth of market. Contrarily, the amount of digital content is growing across the world, the need for database centers and consequently cloud storage is expected to increase is an opportunity factor for the global market.
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The cloud computing has given a new dimension to IT industry and the companies are looking to adopt cloud services rather than investing a huge money in getting the infrastructure for own database system.
This advent in computing and cloud computing, the cloud database is also picking up its pace in making its permanent place in IT world. There are a various advantages that make it preferable and adoptable by a huge number of companies for its matchless services in a very cost saving manner.
The technology has changed the way of business, and user behavior to shop over the internet and they rely on shopping for saving their time. This change in the business has let the companies think about the fastest way they can do business over the internet. They prefer to use the cloud database so that they can access the information stored in their database without wasting any time.
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For DBMS, it is mandatory to have a high-speed processor and also a large memory size because now a days there is a large amount of data in every field which needs to be store safely and with a security.
The requirement of these large amount of space and a high-speed processor needs an expensive hardware and an expensive software too. That is, there is a requirement of sophisticated hardware and software which means that we need to upgrade the hardware which is used for file-based system. Hardware and software, both requires maintenance which costs very high. All the operating, licensing, and regulation compliance costs very high.
Users need to convert data into database management system, there is a requirement of lot of money as it adds on to the cost of the database management system. This is because, for this conversion we need to hire database system designers whom we have to pay a lot of money and also services of some software house will be required.
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All this shows that a high initial investment for hardware, software and trained staff is required by DBMS. So, altogether Database Management System results in a costlier system.
Major players analyzed include Amazon Web Services, Cloudera Inc., EnterpriseDB Corporation, Embarcadero Technologies, IBM Corporation, Microsoft Corporation, MariaDB Corporation, MarkLogic Corporation, Oracle Corporation, and SAP AG.
Impact of COVID-19 on Database Management System Market:
- The help of the hyperscale data centers web services, numerous companies are applying algorithms to the models that can recognize, classify, and analyze relationships in the data, and can be used to recommend content, tag photos, and deliver relevant advertising.
- The latest data points on COVID-19 driven the traffic gains for Zoom, VON services, Video games, Cloud computing, Internet exchanges, content delivery networks and other online services.
- The data center construction continues to move forward, with a handful of projects slowed by COVID-19.
- The analysts see risks for data center construction projects and the supply chain supporting them.
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