The rise in the amount of data generated by industries accelerates demand for database monitoring tools and the rising deployment of cloud computing technologies is boosting the growth of the global database monitoring software market. In addition, the surge in government & private investments in database monitoring software positively impacts the growth of the market.
However, increasing laws and regulations associated with software development tools are hampering the market growth. On the contrary, the need to optimize and enhance database performance is expected to offer remunerative opportunities for market expansion during the forecast period.
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The key players profiled in the database monitoring software market analysis are dbWatch AS, eG Innovations, Heroix Corporation, Nagios Enterprises, LLC, Paessler AG, Quest Software Inc., Red Gate Software Ltd., Sematext Group, SolarWinds Worldwide, LLC, and VirtualMetric. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Depending on the deployment model, cloud-based holds the largest share of the market. This is attributed due to the increased adoption of cloud computing in the enterprise. Databases are evolving to handle more data and incorporate more intelligence. However, the On-premises segment is expected to grow at the highest rate during the forecast period, due to the outbreak of the COVID-19 pandemic, sudden scaling of VPN access was required and rationing of services was needed. For instance, in some banks, employees were required to log in to fetch their emails only at scheduled and limited times during the day which is negatively affecting the growth of the on-premise segment.
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Region-wise, the database monitoring software market was dominated by North America in 2020 and is expected to retain its position during the forecast period, owing to the expanding market presence of database management systems across the region. Moreover, several companies are forming partnership programs for increasing their market reach.
However, Asia Pacific is expected to witness significant growth during the forecast period, various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events in the Asia-Pacific region. For instance, in April 2022 Tata Consultancy Services launched an agile and intuitive monitoring solution for clinical trials, that enables intelligent decision-making, increased compliance, and improved study efficacy is driving the database monitoring software market in the Asia-Pacific region.
The adoption of cloud computing by several industries such as banks and financial institutions has boosted the growth of the market during the pandemic. Enterprises are adopting cloud computing data for managing the data owing to advanced securities in cloud technologies.
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In addition, the work-from-home trend allowed the employees to keep the data in the system without the need to visit branches or offices, which requires database monitoring software to track the effective utilization of data. Moreover, the implementation of lockdowns around the countries prevented the movement of people which boosted the demand for database monitoring software in various sectors.
KEY FINDINGS OF THE STUDY
- By deployment model, the cloud-based segment accounted for the largest database monitoring software market share in 2021.
- Region-wise, North America generated the highest revenue in 2021 along with the detailed Database Monitoring Software Market Forecast is covered in the study.
- Depending on enterprise size, large enterprises generated the highest revenue in 2021.
- The study provides an in-depth analysis of the global database monitoring software industry forecast along with current & future trends to explain the imminent investment pockets.
- Information about key drivers, restraints, & opportunities and their impact analysis on global deep learning market trends is provided in the report.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the database monitoring software industry.
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- Database Management Software Market
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