The global database software market is expected to decline from $149.2 billion in 2019 to $146.6 billion in 2020 at a compound annual growth rate (CAGR) of -1.7%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 12% from 2021 and reach $201.2 billion in 2023.
Top Companies Covered in this Report: Oracle, Microsoft, IBM, SAP, Amazon, Redis, Teradata, Couch base, SQLite, MongoDB,Tandem , Mark Logic, ArangoDB,MariaDB , TablePlus,EnterpriseOB , RavenDB, NCR, Pervasive Software, FileMaker Inc., Software AG, HP (Vertica System), Informatica Corporation, InterSystems, iWay Software (subsidiary of IBI), MetaMatrix (subsidiary of Red Hat), Actian Corporation
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The database software market consists of sales of database software which are used to develop, modify and maintain database records and files. This software enables users to store data in the form of tables, fields and columns and recover them directly and/or through programmatic access. Database software is used for several reasons ranging from compiling client lists, maintaining bookkeeping tasks to running online web site.
In January 2019, Microsoft acquired Citus Data for an undisclosed amount. The acquisition of Citus is expected to enhance and scale Microsoft’s capabilities in high-performance PostgreSQL databases. It also helps to improve performance scale for application developers as Citus is an open source extension to PostgreSQL that modifies PostgreSQL into a distributed database. Citus Data is a developer and distributor of database products. It focuses on open source PostgreSQL and on enhancing the performance of the enterprises by providing a horizontal scalable database. Citus Data was established in 2010 and is headquartered in San Francisco, California, USA.
The increasing number of laws are expected to limit the growth of companies in the database software market during the forecast period. The laws include the Intellectual property (IPR) Act regime which restricts the expansion of software companies from developing countries expanding overseas and the law for software development in a number of countries do not permit the commercial distribution of any Open Source Software (OSS). The industry is also required to adhere to the new changes being made in EU’s GDPR (European Union’s General Data Protection Regulation) law which is effective since May, 25, 2018. For instance, around 60% of tech companies are not ready to comply with the EU GDPR according to a recent study as it restricts innovation in their products.
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Table Of Content
- Executive Summary
2. Database Softwares Market Characteristics
3. Database Softwares Market Size And Growth
4. Database Softwares Market Segmentation
5. Database Softwares Market Regional And Country Analysis
6. Asia-Pacific Database Softwares Market
7. China Database Softwares Market
8. India Database Softwares Market
9. Japan Database Softwares Market
10. Australia Database Softwares Market
11. Indonesia Database Softwares Market
12. South Korea Database Softwares Market
13. Western Europe Database Softwares Market
14. UK Database Softwares Market
15. Germany Database Softwares Market
16. France Database Softwares Market
17. Eastern Europe Database Softwares Market
18. Russia Database Softwares Market
19. North America Database Softwares Market
20. USA Database Softwares Market
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