A database is built to generate large bodies of data. The data includes significant structures for storage of data and providing mechanisms for the handling of information. Furthermore, the database ensures the safety of the data stored, even in the event of the system crashing or attempts at unauthorized access. Database management solutions are used for storing and retrieving data with highest effectiveness along with suitable security measures. Database management solutions enable operators to create their own databases as per requirement. Database management solutions refer to the efficient management of data that originates from procedures, processes, and technology. Database Management is the key to efficient managing of data within a business and between different functional entities. The storage of all the data in a standardized and streamlined manner is significant.
The global database management solutions market is expected to show robust growth during the forecast period due to the advent of cloud technology. The considerable surge in implementation of server management solutions across different verticals such as manufacture, BFSI, healthcare, and IT & telecom is further projected to boost the growth of the market in the coming years. Rising regulatory compliances and regulations, rising demand for risk management, enhanced adoption rate of databases, and reorganized business operations are some key factors that are expected to drive the global database management solutions market. However, errors in the solution may hinder the global database management solutions market.
Growing requirement for efficient and optimized solutions for database management is a driving factor for the market. Database management solutions provide cost-effective operations to businesses. The solutions also provide storage capacity and protection of data.
The global database management solutions market can be segmented on the basis of deployment, services, software, enterprise size, industry vertical, and geography. In terms of deployment, the market can be divided into cloud and on premise. The services segment can be categorized into operation and maintenance services, consulting services, and training and support services. Software can be bifurcated into data warehousing, data governance, data quality, data processes, data security, data standards, data migration, and data integration.
Based on enterprise size, the market can be categorized into SMEs i.e. small and medium-sized enterprises and large enterprises. Based on industry vertical, the global database management solutions market can be divided into banking, financial services and insurance; IT & telecom; government; education; retail; manufacturing; energy & utility; consumer goods; retail; and others.
Geographically, the global database management solutions market can be segmented into North America, Europe, Middle East & Africa, Asia Pacific, and South America. North America is expected to lead the global database management solutions market during the forecast period due to rapid implementation of these solutions by IT & telecom companies in the region. The global database management solutions market in Europe is achieving sizeable share due to growing concerns about data security and protection. The market in Asia Pacific is projected to grow at a substantial rate between 2019 and 2027 due to developments in IT infrastructure and increase in demand for efficient database management solutions in the region.
Key players in the global database management solutions market are focusing on improving their solutions and services through innovation. Major companies operating in the global server management solutions market are Microsoft Corporation, SAP SE, Intel Corporation, BMC Software, Inc., Symantec, Inc., Datadog, Infrascale Inc., Percona LLC., Teradata Corporation, GoldenSource Corporation., SolarWinds MSP Canada ULC, Solix Technologies Inc, Oracle Corporation, and Accenture Inc. Companies are concentrating on launching innovative services to strengthen their positionin the market and increase their customer base. They are also spending on research and development operations and concentrating on providing customized services.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.
TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.
Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:
Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.
Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.
Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.