PUBLISHER: The Business Research Company | PRODUCT CODE: 1270373
PUBLISHER: The Business Research Company | PRODUCT CODE: 1270373
“Database Monitoring Software Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on database monitoring software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for database monitoring software ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The database monitoring software market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
Major players in the database monitoring software market 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., and Oracle Corporation.
The global database monitoring software market is expected to grow from $1.51 billion in 2022 to $1.75 billion in 2023 at a compound annual growth rate (CAGR) of 16%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The database monitoring software market is expected to grow to $3.09 billion in 2027 at a CAGR of 15.3%.
The database monitoring software market includes revenues earned by entities by providing database services such as database restoration, rebuilding database index, standby databases, database cloning, data conversation, database upgrade, and database security maintenance. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
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.
North America was the largest region in the database monitoring software market in 2022. The regions covered in the database monitoring software report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main components of database monitoring software are software and services. Software refers to applications, scripts, and programs that run on a device. The deployment includes cloud or SaaS, and on-premises, thar are used in large enterprises and SMEs. The various end users include banks and financial institutes, healthcare, government, IT and telecom, retail, and others.
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 is 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.
Technological advancement is a key trend gaining popularity in the database monitoring software market. Major companies operating in the database monitoring software market are focused on developing new technological solutions using Artificial intelligence (AI), machine learning, and cloud computing to strengthen their position in the market. For instance, in April 2022, Tata Consultancy Services (TCS), an India-based IT services, consulting, and business solutions organization, launched the TCS ADD suite, an agile and intuitive risk-based monitoring solution for clinical trials, that promotes intelligent decision making, increased compliance and enhanced study efficacy. The new risk-based monitoring tool enables biopharmaceutical companies and related companies to identify site risks through advanced statistical algorithms and drive intelligent data-driven decisions. The data science-driven risk-based monitoring solution accurately predicts outcomes related to site workload and risks and allows stakeholders to develop proactive monitoring strategies.
In October 2020, SolarWinds Corporation, a US-based software company acquired SentryOne for an undisclosed amount Through this acquisition, SolarWinds Corporation aims to strengthen its portfolio in database performance management offerings, which will enhance to serve IT professionals, particularly those who manage Microsoft environments. SentryOne is a US-based company operating in database performance monitoring and DataOps solutions.
The countries covered in the database monitoring software market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The database monitoring software market research report is one of a series of new reports from The Business Research Company that provides database monitoring software market statistics, including database monitoring software industry global market size, regional shares, competitors with a database monitoring software market share, detailed database monitoring software market segments, market trends and opportunities, and any further data you may need to thrive in the database monitoring software industry. This database monitoring software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.