Overview and Scope
Database monitoring software is a tool or application that is designed to monitor database management systems. This software takes a multi-pronged approach to database speed optimization and offers methods to improve database structure. It is used to help organizations track, optimize and diagnose the performance of their database applications.
Sizing and Forecast
The database monitoring software market size has grown rapidly in recent years. It will grow from $1.77 billion in 2023 to $2.06 billion in 2024 at a compound annual growth rate (CAGR) of 16.8%. The growth in the historic period can be attributed to innovation in analytics and reporting, demand for scalability and flexibility, dependency on critical applications, real-time monitoring needs..
The database monitoring software market size is expected to see rapid growth in the next few years. It will grow to $3.63 billion in 2028 at a compound annual growth rate (CAGR) of 15.2%. The growth in the forecast period can be attributed to resource optimization for cost efficiency, critical application dependency, rising demand for data storage, diverse database environments.. Major trends in the forecast period include focus on performance optimization, compliance with regulations, automation for efficiency, enhanced security measures, data growth and complexity..
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Segmentation & Regional Insights
The database monitoring software market covered in this report is segmented –
1) By Component: Software, Services
2) By Deployment: Cloud or SaaS, On-Premises
3) By Enterprise Size: Large Enterprises, SMEs
4) By End User: Banks and Financial Institutes, Healthcare, Government, IT and Telecom, Retail, Other End Users
North America was the largest region in the database monitoring software market share in 2023. The regions covered in the database monitoring software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
An increase in data generation is expected to propel the growth of the database monitoring software market going forward. Data generation refers to the generation of datasets, which are intended to be further processed in a database. Database monitoring software enables the user to quickly handle enormous amounts of data generated, resulting in quicker insights and the capacity to stay one step ahead of the competition. For instance, in October 2021, according to the SeedScientific, a US-based provider of data innovation and analytics services, global data production is predicted to reach 463 exabytes per day by 2025 and at least 1,200 petabytes of data are kept in storage by Google, Facebook, Microsoft, and Amazon. Therefore, an increase in data generation is driving the growth of the database monitoring software market.
Key Industry Players
Major companies operating in the database monitoring software market report are SolarWinds Worldwide LLC, Quest Software Inc., VirtualMetric B V, Sematext Group Inc., Heroix Corporation, eG Innovations Pvt. Ltd., Redgate Software Ltd., Nagios Enterprises LLC, Paessler AG, dbWatch AS, Dynatrace Inc., Intergral GmbH, Idera Inc., IT-Conductor Inc., Oracle Corporation, Cisco Systems Inc., Datadog, AppDynamics, New Relic, Riverbed Technology, Inc., Zoho Corporation Pvt. Ltd., Progress Software Corporation, BMC Software Inc., Splunk Inc., International Business Machines Corporation, Microsoft Corporation, AppNeta, LogicMonitor Inc., Micro Focus International plc, PRTG Network Monitor
The database monitoring software market report table of contents includes:
1. Executive Summary
2.Database Monitoring Software Market Characteristics
3. Database Monitoring Software Market Trends And Strategies
4.Database Monitoring Software market analysis
5.Database Monitoring Software Market Size And Growth
6.Database Monitoring Software Segmentation
7. Database Monitoring Software Regional And Country Analysis
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27.Database Monitoring Software Competitive Landscape And Company Profiles
28.Database Monitoring Software Key Mergers And Acquisitions
29.Database Monitoring Software Future Outlook and Potential Analysis
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