III. Industry Analysis

The global market for the database management system (DBMS) reached a value of more than $63.1 billion in 2020. The global database management system (DBMS) industry is projected to grow at a CAGR of 12.4% between 2022 and 2027. It is also expected that the software component sub-segment of the enterprise data management market will experience a CAGR of 8.5% by 2026. The increasing demand for flexible and cost-effective data management solutions across industries is one of the key factors driving market growth. The global database management system (DBMS) market is driven by increasing data from social media, e-commerce, and high-tech industries.

North America and the Asia Pacific region are predicted to drive the database management system demand over the forecast period. North America has been the leader in recent years because of advanced computer systems coupled with the well-established computer-aided business model.  

The global cloud database & DBaaS market size was estimated at $15.11 billion in 2021 and expected to reach $18.07 billion in 2022, and is projected to grow at a CAGR of 19.72% to reach $44.52 billion by 2027. Data management software is being implemented by companies across all industries and of various sizes; however, the deployment methods tend to vary. Some companies, especially those with legacy technology that’s specialized in their industry, have chosen on-premises data management solutions.

Many other firms are deciding to discover cloud-based software-as-a-service (SaaS) data management solutions for more flexible scaling and remote capabilities. As more and more businesses migrate their workloads to the cloud, cloud-based solutions will gain market share.

The software as a service market is estimated to grow from $158.2 billion in 2020 to $307.3 billion by 2026 globally, at a CAGR of 11.7% during 2020-2026. The revenue of the US SaaS market is expected to experience the largest increase, from $103.90 billion to $215 billion in 2025.