PUBLISHER: The Business Research Company | PRODUCT CODE: 1532061
PUBLISHER: The Business Research Company | PRODUCT CODE: 1532061
A relational database stores and provides access to interconnected data points. Data is structured into tables (relations), where rows represent unique records and columns represent fields. This setup enables efficient data querying and management using SQL (Structured Query Language).
Services in relational databases encompass training, consulting, system integration, deployment, and maintenance. Strategic consulting involves advising organizations on database selection and designing effective data models. Software offerings include database application builders, data scaling, replication, backup and recovery, encryption, among others. These databases, such as SQL and NoSQL, are deployed across public cloud, private cloud, and hybrid cloud environments. They serve various sectors including BFSI, government, healthcare, IT, retail, education, and more.
The relational database market research report is one of a series of new reports from The Business Research Company that provides relational database market statistics, including relational database industry global market size, regional shares, competitors with a relational database market share, detailed relational database market segments, market trends, and opportunities, and any further data you may need to thrive in the relational database industry. This relational database 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.
The relational database market size has grown rapidly in recent years. It will grow from $65.54 billion in 2023 to $74.09 billion in 2024 at a compound annual growth rate (CAGR) of 13.1%. The growth observed in recent years can be attributed to several factors, the adoption of cloud-based solutions, the increasing demand for real-time analytics, the expanding volume of generated data, the growing imperative for business automation, and the rise of personal computing.
The relational database market size is expected to see rapid growth in the next few years. It will grow to $121.57 billion in 2028 at a compound annual growth rate (CAGR) of 13.2%. The growth in the forecast period is driven by factors such as the escalating volume of data generated, the growing adoption of cloud computing, the rising demand for real-time analytics, the advancement of edge computing, and the increasing utilization of data virtualization techniques. Key trends anticipated during this period include the integration of AI and machine learning, continuous technological advancements, the evolution of DevOps and continuous integration practices, advancements in database technologies, and the integration of blockchain.
The increasing adoption of cloud computing is expected to drive the growth of the relational database market in the future. Cloud computing allows access to a shared pool of configurable resources such as servers, storage, and applications over the internet on demand. Its popularity is rising due to scalability, flexibility, cost-efficiency, and accessibility from anywhere with internet connectivity. In the cloud, relational databases offer a robust, scalable, and efficient solution for managing structured data. This capability enables organizations to leverage advanced database features without the burden of maintaining physical infrastructure, enabling them to focus more on their core business activities. For example, by December 2023, 45.2% of enterprises in the European Union were using cloud computing services, showing a 4% increase from 2021, with popular applications including email hosting and file storage. Thus, the expanding adoption of cloud computing is a key driver for the relational database market.
Leading companies in the relational database market are pursuing strategic partnerships to enhance service offerings and efficiently meet diverse customer needs. Strategic partnerships involve collaborative efforts within the database industry to achieve mutual benefits such as innovation, market expansion, and technological integration. For instance, in March 2024, Fauna, an adaptive operational database platform based in the US, partnered with Google Cloud Platform to facilitate seamless integration of Fauna's distributed document-relational database with Google Cloud services, simplifying procurement and enhancing developer accessibility.
In February 2024, Perforce Software Inc., a US-based software company, acquired Delphix Corp.to bolster its portfolio and incorporate Delphix's expertise in data management, automation, and compliance. This acquisition supports Perforce Software's goal of enhancing the efficiency and scalability of DevOps pipelines. Delphix Corp. is a US-based company that offers relational database services.
Major companies operating in the relational database market are Amazon.com Inc., Google LLC, Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, SAP SE, Teradata Corporation, Cloudera Inc, InterSystems Corp, EnterpriseDB, Idera Inc., Cockroach Labs Inc, SingleStore Inc, Actian Vector Corp, Percona LLC, MySQL AB, Yugabyte, MariaDB Corporation, ScyllaDB Inc, Greenplum Inc, Fauna Inc., GridGain Systems Inc., ClickHouse Inc, Apache Software Foundation, PostgreSQL Inc
North America was the largest region in the relational database market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the relational database market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the relational database market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The relational database market includes revenues earned by entities by providing services such as data storage and retrieval, data relationships, data integrity, transaction management query language support, and related data security and backup. 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.
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.
Relational Database Global Market Report 2024 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 relational database 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 relational database ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The relational database 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.