Published Date: 26-May-2023
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According to a new report, published by KBV research, The Global Database Monitoring Software Market size is expected to reach $14.6 billion by 2029, rising at a market growth of 14.4% CAGR during the forecast period.
The BFSI market is leading the segment in the Global Database Monitoring Software Market by Vertical in 2022; thereby, achieving a market value of $3.9 billion by 2029. This is because the BFSI sector necessitates sophisticated data monitoring software solutions to access vast amounts of customer data due to the sizable customer base of banks and financial institutions. Banks can access this data through various channels, such as mobile applications, banking websites, and other devices.
The Small & Medium Enterprises market would witness a CAGR of 16.3% during (2023 - 2029). The small & medium enterprises segment recorded a prominent revenue share in the database monitoring software market in 2022. This is owing to the increasing number of digital transformation initiatives. Small and medium-sized enterprises (SMEs) are implementing digital technologies to streamline operations and enhance productivity. As businesses expand their IT infrastructures, they need database monitoring software to manage and monitor their databases efficiently.
The Cloud market acquired maximum revenue in the Global Database Monitoring Software Market by Deployment Type in 2022; thereby, achieving a market value of $12.9 billion by 2029. This is because adopting cloud-based database monitoring software is on the rise, enabling businesses to scale their databases without additional resources like servers or storage. Cloud services enable businesses to scale their database usage by acquiring additional resources. The company provides backup services that are outsourced to a cloud service provider.
The Network databases market would register a CAGR of 14.7% during (2023 - 2029). This is because network databases are utilized in various applications that model relationships between entities, such as graph databases, social networks, and supply chain management systems. They are specifically designed to handle complex, interconnected data structures.
The North America market dominated the Global Database Monitoring Software Market by Region in 2022; thereby, achieving a market value of $5.7 billion by 2029. The Europe market is poised to grow at a CAGR of 14.2% during (2023 - 2029). Additionally, The Asia Pacific market would witness a CAGR of 15.5% during (2023 - 2029).
Full Report: https://www.kbvresearch.com/database-monitoring-software-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of SolarWinds Corporation, Quest Software, Inc. (Clearlake Capital), Red Gate Software Ltd., Paessler AG, Nagios Enterprises LLC, Sematext Group, Inc., VirtualMetric B.V., dbWatch AS, eG Innovations, Inc. and Heroix Corporation
By Enterprise Size
By Deployment Type
By Database Model
Unique Offerings from KBV Research
North America Database Monitoring Software Market size & Opportunities 2023-2029
Europe Database Monitoring Software Market & Growth Forecast 2023-2029
Asia Pacific Database Monitoring Software Market Share & Industry Outlook to 2029
LAMEA Database Monitoring Software Market Growth, Trends & Forecasts 2023-2029