Relational Database Market
Rising volume of data generated by businesses and individuals and the shift towards cloud computing is expected to drive market expansion in the near future at a CAGR of 12.50% during the forecast period 2023 to 2032.
Market Research Future (MRFR) has published a cooked research report on the Relational Database Market that contains information from 2018 to 2032. The relational database market is estimated to register a CAGR of 12.50% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global relational database market— Oracle Corporation, Microsoft Corporation, SAP SE, Teradata Corporation, IBM, PostgreSQL, Amazon.com Inc, MariaDB, Informix Corporation, Sequel Pro, SingleStore, TmaxSoft, Connx Solutions, MongoDB, Couchbase, and Aerospike.
Market Highlights
The relational database market is accounted to register a CAGR of 12.50% during the forecast period and is estimated to reach USD 161.4 billion by 2032.
The businesses increasingly rely on artificial intelligence (AI) to unlock valuable insights, automate tasks, and enhance overall efficiency, fueling a surge in AI-driven workloads. Furthermore, the demand for scalable, cost-optimized, and high-performance data stores on cloud-native architectures is escalating, aligning with the evolving needs of modern enterprises. Additionally, the shift towards hybrid cloud architectures is gaining prominence, offering organizations the flexibility to optimize AI workloads while addressing data residency and compliance requirements.
Segment Analysis
The global relational database market has been segmented based on type, deployment, and end user.
On the basis of type, the market is segmented into in-memory, disk-based, and others. The in-memory segment was attributed to holding the largest market share in 2022. The need for real-time analytics and the increasing complexity of data are driving category development in developing nations.
Based on deployment, the global relational database market has been segmented into cloud-based, and on-premises. The cloud-based segment was expected to hold the largest market share in 2022. Businesses which have dispersed teams or want data availability across several geographic regions must priorities global accessibility. In addition, cloud service providers make significant investments in security features, such as strong data encryption, authentication, and compliance.
Based on end user, the global relational database market has been segmented into BFSI, IT & telecom, retail & e-commerce, manufacturing, healthcare, and others. The BFSI segment was expected to hold the largest market share in 2022. The market is being driven by an increase in financial fraud and cyber risks, as well as an increase in data analytics to obtain useful insights into consumer behavior.
Regional Analysis
The global relational database market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe relational database market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The relational database market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World relational database market comprises of Middle East, Africa, and Latin America.
The largest market share for relational database was maintained by the North American regional sector. The relational database market is set to thrive due to the region's tech-driven business landscape, demanding advanced data management solutions. The surge in demand for cloud-based databases is fueled by a heightened focus on data security and compliance, aligning with the region's stringent regulatory standards. Furthermore, the prevalence of data-intensive sectors like finance and healthcare continues to drive the adoption of cutting-edge relational databases, ensuring robust performance and scalability.
Moreover, Europe's relational database market is witnessing growth driven by a burgeoning digital landscape and an increasing emphasis on data security. As businesses across the region undergo extensive digital transformations, the demand for advanced database solutions rises to facilitate efficient data management. Moreover, the region's diverse industries, including manufacturing and healthcare, seek scalable database solutions to support evolving workloads, positioning relational databases as crucial tools for streamlined operations and data-driven decision-making.
Additionally, the Asia Pacific region is the fastest growing region, primarily fueled by rapid technological advancements. The region's dynamic business ecosystem, marked by a surge in digital initiatives, demands scalable and flexible database solutions. The growth is further propelled by the expanding e-commerce sector, with businesses leveraging relational databases to handle increasing volumes of transactional data. As Asia Pacific witness’s unprecedented digitalization, the adoption of cutting-edge database technologies becomes imperative for businesses aiming to stay competitive and agile.
Furthermore, the rest of the world is gaining traction as businesses embrace digital transformation for competitive advantages. The unique combination of industries and regulatory environments across diverse regions demands flexible and adaptive database solutions. Relational databases play a crucial role in supporting data-intensive applications, from supply chain management in South America to energy exploration in the Middle East. As businesses navigate distinct challenges, relational databases offer tailored solutions to optimize processes and enhance overall operational efficiency.
Key Findings of the Study
- The global relational database market is expected to reach USD 161.4 billion by 2032, at a CAGR of 12.50% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the rapid integration of artificial intelligence (AI) technologies, escalating demand for scalable cloud solutions, and the burgeoning adoption of digital platforms across diverse industries.
- Based on type, the in-memory segment was attributed to holding the largest market in 2022, with an approximate market share of 35–40%.
- Oracle Corporation, Microsoft Corporation, SAP SE, Teradata Corporation, IBM, PostgreSQL, Amazon.com Inc, MariaDB, Informix Corporation, Sequel Pro, SingleStore, TmaxSoft, Connx Solutions, MongoDB, Couchbase, and Aerospike.
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Companies Covered | 15 |
Pages | 128 |
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