Database Automation Market Is Set For A Rapid Growth And Is Anticipated To Reach USD 2,107 Million Globally By 2024
The study’s base year is 2017, and the projected period is between 2018 and 2023. The market is being driven by continuous growth in the volume of data across verticals, an increase in the demand for database automation solutions, an increase in the demand for automating repetitive database management processes, and an increase in the demand for automating business processes to save money and time.
The database automation market is predicted to increase at a CAGR of 28.3 percent from USD 407.0 million in 2017 to USD 1,714.0 million by 2023, with a market size of USD 407.0 million in 2017.
The study’s goal is to define, describe, and forecast the global database automation market based on components (solutions and services), solutions (database design and configuration automation, database patch and release automation, database test automation, and application release automation), services (professional and managed), applications (provisioning, backup, and security and compliance), deployment modes (cloud and on-premises), enterprise size (large and small), and deployment modes (cloud and on-premises). The study also strives to provide extensive information on the primary aspects impacting market growth (drivers, constraints, opportunities, and challenges).
The research approach utilised to estimate and forecast the worldwide database automation market size began with secondary research, annual reports, Institute of Electrical and Electronic Engineers (IEEE), Factiva, Bloomberg, and press announcements to collect data on significant vendor revenues. To develop market segmentations, the vendor offerings were also taken into account. The entire market size was calculated using a bottom-up approach based on the revenues of the major market players. Following the arrival of the overall market size, the complete market was divided into many groups and sub-segments, which were then validated by primary research, which included comprehensive interviews with key individuals such as CEOs, Vice Presidents (VPs), directors, and executives.
To complete the total market engineering process and arrive at exact numbers for all segments and subsegments, data triangulation and market breakdown techniques were used.
Microsoft (US), IBM (US), Oracle (US), CA Technologies (US), BMC Software (US), Micro Focus (UK), Amazon Web Services (US), Datavail (US), Percona (US), DBmaestro (US), HelpSystems (US), Datical (US), Redgate (UK), WhereScape (New Zealand), Severalnines (Sweden), Quest Software (US), IDERA (US), SAP (Germany), Chef (US), Redis Labs (US).
Database Automation Market’s Key Target Audience
Solution suppliers for database automation
Integrators of software
Providers of cloud services
Organizations that conduct research
Venture capitalists and investors
Integrators of networks and systems
Providers of analytics software
Companies that provide security services
Customizations for distributors and value-added resellers (VARs)
provides adaptations based on the provided market data to meet the company’s particular needs. The following report customization options are available:
Analysis of the Product
A product matrix that compares each company’s product portfolio in detail.
Analyses by Location
The APAC database automation industry is broken down even more.
The North American market is broken down much more.
The MEA market is broken down even more.
The European market continues to be broken down.
The Latin American market is broken down much more.
Information about the company
Additional market players will be profiled and analysed in detail
The global database automation market is predicted to increase at a compound annual growth rate (CAGR) of 28.3 percent from USD 493.4 million in 2018 to USD 1,714.0 million by 2023. Some of the primary driving drivers for the market include the expansion of cloud-based apps and services, as well as the expanding collaborations and acquisitions in the database management arena. Furthermore, the market is predicted to increase due to rising need for intelligent business operations and increasing innovation across sectors.
During the forecast period, the solutions segment is estimated to account for the largest market share in the database automation market by component. During the forecast period, the database design and configuration automation segment is predicted to develop at the fastest rate. The database design and configuration automation segment aids businesses in automating the laborious and error-prone process of conceptual, logical, and physical database design. Database automation solutions are being deployed in a variety of industries, including banking, financial services, and insurance (BFSI); healthcare; retail and eCommerce; and retail and eCommerce. This is done so that you may focus on establishing various business plans and making business-critical decisions rather than worrying about the status of your databases.
During the forecast period, the provisioning segment is estimated to account for the greatest market share in the application segment. The provisioning section aids businesses in avoiding database outages and ensuring system availability.
The cloud segment is estimated to account for the largest market share and increase at a faster CAGR throughout the forecast period in the deployment mode segment. End-users in the database automation sector can benefit from a wide range of flexible cloud-based solutions.
The big enterprises sector is estimated to account for the largest market size and increase at a faster CAGR over the forecast period in the enterprise size segment. Due to the massive volumes of data generated, many organisations are implementing database automation systems.
The BFSI vertical is predicted to contribute the most, while the retail and eCommerce vertical is expected to grow at the fastest CAGR throughout the forecast period. Because both industries generate a large quantity of data on a regular basis, database automation solutions are being used to automate the manual and repetitive database administration procedures. Manufacturing, healthcare, telecom and IT, government and defence, and media and entertainment are all contributing significantly to the database automation market’s growth, thanks to a growing demand for automated database management solutions, lower infrastructure costs, faster time to market, and faster business processing times.