Exploring the Future of Database Management Systems: Key Trends, Insights, and Market Forecasts
The global database management system market size was estimated at USD 100.79 billion in 2023 and is expected to grow at a CAGR of 13.1% from 2024 to 2030. Organizations across industries are undergoing digital transformation to enhance their operations, customer experiences, and business models. This transformation requires advanced DBMS solutions to manage complex data environments effectively. In addition, the exponential increase in data generation from various sources, including social media, IoT devices, and enterprise applications, necessitates robust database management system (DBMS) solutions to manage, store, and analyze this vast amount of data. The increasing importance of big data analytics for decision-making and gaining competitive insights is driving the demand for the DBMS market. Advanced analytics and real-time data processing capabilities are essential for extracting value from big data. The shift towards cloud computing is a s...