Relational Database Market Forecast 2024-2033

 Overview and Scope

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.

Sizing and Forecast
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 in the historic period can be attributed to the adoption of cloud-based solutions, the demand for real-time analytics, the increasing volume of data generated, the increasing need for businesses to automate, and the growth 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 can be attributed to the increasing volume of data generated, the rising adoption of cloud computing, the increasing demand for real-time analytics, the growth of edge computing, and the increasing use of data virtualization techniques. Major trends in the forecast period include the integration of AI and machine learning, technological advancements, DevOps and continuous integration, advancements in database technologies, and blockchain integration.

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Segmentation & Regional Insights
The relational database market covered in this report is segmented –

1) By Services: Training And Consulting Services, System And Network Integration, Deployment And Maintenance
2) By Software: Database Application Builder, Data Scaling And Replication, Backup And Recovery, Database Encryption, Other Softwares
3) By Database: Structured Query Language (SQL) Database, No Structured Query Language (SQL) Database
4) By Deployment Model: Public Cloud, Private Cloud, Hybrid Cloud
5) By End User: Banking, Financial Services And Insurance (BFSI), Government And Public Sectors, Healthcare And Life Sciences, Information Technology (IT) And Telecommunication, Retail, Education, Other End Users

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.

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Major Driver Impacting Market Growth
The rising adoption of cloud computing is expected to propel the growth of the relational database market going forward. Cloud computing is a technology model that enables on-demand access to a shared pool of configurable computing resources (such as servers, storage, databases, networking, software, and applications) over the internet. Cloud computing adoption is rising due to its scalability, flexibility, cost-effectiveness, and the ability to access resources from anywhere with internet connectivity. Relational databases in the cloud provide a robust, scalable, and efficient solution for managing structured data that enables organizations to leverage advanced database features without the overhead of maintaining physical infrastructure, allowing them to focus on core business activities. For instance, in December 2023, according to Eurostat, a Luxembourg-based intergovernmental organization, 45.2% of enterprises within the European Union procured cloud computing services, primarily for hosting email systems, storing electronic files, and performing various tasks. Compared to 2021, purchases of cloud computing services among EU enterprises rose by 4% in 2023. Therefore, the rising adoption of cloud computing is driving the growth of the relational database market.

Key Industry Players
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

The relational database market report table of contents includes:


1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
.
.
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis


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