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 utilization of database monitoring software is essential for monitoring database and network performance. Effective database monitoring is crucial for ensuring optimal performance and system health of the database management system. The database management system facilitates data collection from the database manager, associated databases, and linked applications for monitoring purposes.
Moreover, it is beneficial to predict the necessary hardware resources according to the database usage trends and evaluate the efficiency of specific applications or SQL queries. Additionally, it aids in monitoring the utilization of tables and indexes. The database monitoring software market is experiencing growth due to the increased demand for database monitoring tools resulting from the rise in data generated by industries.
Additionally, the deployment of cloud computing technologies is further accelerating this growth. Moreover, the surge in private and government investments in the database monitoring software market is contributing to the favorable development of the market. The database monitoring software market is experiencing growth due to the increasing prevalence of IT environments and the growing volume of data being produced.
The increasing trend of incorporating computational capability, typically through microprocessors, into daily necessities is the reason for this. Enabling computational capabilities can enhance communication and streamline task performance, reducing the end user's need for direct computer interaction. Network-connected and constantly accessible computing devices are essential for modern businesses. Moreover, it is accessible on all devices, at all times, from any location, and in any data format.
The database monitoring software market has been negatively impacted by the COVID-19 outbreak during the initial period. The increase in the risk of cyberattacks is attributed to digitalization and the networking of machines and industrial systems. Furthermore, business professionals in the field of data monitoring software necessitate adaptable deployment solutions that can keep up with changing security demands. During the pandemic, there was an increase in demand for database monitoring software from various industries, such as transportation, healthcare, consumer staples, and logistics. As a result, the market is projected to experience growth during the pandemic and post-pandemic period, following an initial decline for a short time period.
Increased data generation across various sectors, including BFSI, IT & telecom, and the integration of the Internet of Things (IoT), has resulted in a significant need for database monitoring software. Moreover, the increasing utilization of customer-interface applications and cloud computing technologies in small and large enterprises is driving the need for database monitoring software. The database monitoring tool can track real-time resource utilization such as CPU, memory, I/O, and disk space. Thus, to ensure optimal database performance, businesses are implementing monitoring software solutions, aiding the market growth.
Effective monitoring and management of databases are crucial for IT teams due to the growing complexity and distribution of data across multiple servers and locations. The increasing complexity of database systems is fuelling the demand for database monitoring software in the market. Database monitoring software is a valuable tool for businesses as it streamlines the management of complicated database systems. Moreover, utilizing database monitoring software enables IT departments to predict, detect, and resolve potential problems through the assistance of machine learning algorithms. Hence, such advancement and the growing complexity of data are anticipated to boost the market growth.
A database system can be greatly impacted by Database Failure, which is a significant drawback. The equipment necessitates regular upkeep and a consistent power supply. As the company's data volume grows, additional storage capacity is required for setup. However, expanding the storage capacity of the database can result in decreased efficiency as the increased weight of the database can lead to slower search and storage of data. This can cause delays in query retrieval by the software. Hence, the failure in the database and the decrease in the performance of the software due to the increased size of the organization's data are likely to hamper their adoption and thus restrict the market growth.
Based on the vertical, the database monitoring software market is bifurcated into BFSI, IT & telecommunications, retail, government, media & entertainment, healthcare and others. The healthcare segment acquired a significant revenue share in the database monitoring software market in 2022. This is owing to the rising utilization of electronic medical records (EMRs) in healthcare establishments. Efficient data management and monitoring tools are critical as the amount of data generated by EMRs grows.
By Enterprise size, the database monitoring software market is classified into large enterprise and SME's. The large enterprises segment witnessed the largest revenue share in the database monitoring software market in 2022. This is due to their obligation to gather and maintain substantial data in databases that necessitate frequent reviews. The growth is being aided by increasing digital transformation initiatives globally. Maximizing database uptime is crucial for large organizations to ensure optimal productivity.
On the basis of deployment model, the database monitoring software market is divided into cloud based and on premises. The on-premise segment garnered a substantial revenue share in the database monitoring software market in 2022. This is due to the complete control and extensive customization options for businesses offered by on-premises monitoring services. Organizations can customize the product to align with their specific processes and standards. Ensuring the security of sensitive information, such as financial data or health records, is a crucial aspect of any business.
Based on database model, the database monitoring software market is segmented into network databases, object-oriented databases, relational databases NoSQL databases and others. The object-oriented databases segment dominated the database monitoring software market with maximum revenue share in 2022. This is because object-oriented models facilitate real-world data modeling with greater accuracy. The implementation of reusability in the data system results in improved efficiency and streamlined maintenance processes.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 5.8 Billion |
| Market size forecast in 2029 | USD 14.6 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2029 |
| Revenue Growth Rate | CAGR of 14.4% from 2023 to 2029 |
| Number of Pages | 274 |
| Number of Table | 480 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Enterprise Size, Deployment Type, Database Model, Vertical, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Region-wise, the database monitoring software market is analysed across North America, Europe, Asia Pacific, and LAMEA. The North America region led the database monitoring software market by generating the maximum revenue share in 2022. This is because of the existence of numerous significant stakeholders in the region. Additionally, the government is making a significant investment in the digitization of public sector operations. The management is implementing investments to enhance cybersecurity and IT services throughout the government. Furthermore, corporations and governmental organizations in the region's nations are actively utilizing database monitoring software servers for their investments, which is anticipated to propel market growth in the region.
Free Valuable Insights: Global Database Monitoring Software Market size to reach USD 14.6 Billion by 2029
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include 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 Vertical
By Enterprise Size
By Deployment Type
By Database Model
By Geography
The Market size is projected to reach USD 14.6 billion by 2029.
The rising complication of data with database monitoring advancement are driving the Market in coming years, however, Increased data causing database failure and limited performance restraints the growth of the Market.
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
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.
The BFSI market is leading the segment in the Market by Vertical in 2022; thereby, achieving a market value of $3.9 billion by 2029.
The North America market dominated the Market by Region in 2022; thereby, achieving a market value of $5.7 billion by 2029.
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