Data Management System (DBMS) market is anticipated to witness growth over the forecast period owing to widespread use of computer system. Extensive use of data in enterprises is anticipated to drive the need for streamlining the data processing and its management across diverse departments. Emergence of novel data format which has evolved from connected devices such as smart devices data is anticipated surge the demand of data management solution over the next seven years.
Growing ubiquitous environment is expected to contribute to growth of the market. Enterprise looking to gain insight in the business may make investment in data assets and data management resource and tools that increases operational efficiency. Benefit of database management includes controlling data redundancy, sharing, consistency, integrity, and integration. Better management of database leads to generation of better quality of information which improves decision making and end user productivity. DBMS provide framework for security and privacy policies.
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Technological development may give vendors an edge over the other competitors operating in the competitive environment. New database management solution that provides greater flexibility and faster performance at lower cost may be preferred by end-use segment over the forecast period. Current product can also connect core operational data with big data to drive business value.
Cloud-based solution is expected to be major driver over the forecast period owing to its scalability and cost effectiveness. These solutions are expected to become popular among small and medium enterprise.. Availability of open source solution may restrict the growth over the next seven years.
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