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Relational Database Service Market By Type (In-memory, Disk-based, Others) By Deployment (Cloud-based, On-premises) By End-users (BFSI, IT & Telecom, Retail & e-commerce, Manufacturing, Healthcare, Others) - Growth, Share, Trends, Opportunities & Competitive Analysis, 2016 – 2028

Market Introduction of Relational Database Service Market

In today's data-driven world, businesses that use various forms of data for analysis and making decisions with the future in mind must be able to maintain the data without any problems or difficulties. There are management systems that primarily deal with the data, and this data is kept in databases. Relational databases provide access to database management software. Access to data that has been structured into tables and columns is made possible by relational databases for particular users who need it. It gives the client the ability to specify the database's layout, create a query, alter data, and control who has access to it. A relational database is a shared data storage. The Relational Database Software Market's databases, tables, columns, and records are used to store data.

relational-database-service-market

What is the Market Size of Relational Database Service in terms of value?

Over the following several years, at a CAGR of XX percent, the market for relational databases is anticipated to expand rapidly. According to estimates, the global market will be worth USD XX billion in 2021 and USD XX billion in 2028. The market for relational database services is expected to expand rapidly over the coming years, with potential revenue of USD XX billion for the top players in the sector between 2022 and 2028.

Which is the major Deployment segment in the Relational Database Service Market?

In 2021, the cloud-based market generated close to 55.0% of total revenue for Relational Database services. E-commerce companies have more control over database operations because of relational database software housed in the cloud. By the conclusion of the projected period, the market will have expanded significantly due to the rise in demand for cloud-based services. Relational database software that is cloud-based is predicted to experience the quickest CAGR growth Cloud database is becoming more necessary due to improved service resilience, lower costs, higher business agility, and performance assurance. A value proposition generates numerous features and services to draw customers to a product. Technology developments and a value proposition are now driving cloud database market.

Interesting Facts about Relational Database Service Market

  • The US, China, Canada, Russia, Germany, and India are the top five markets for relational database services.
  • Because of the widespread use of data that will follow from greater knowledge, the market is expected to grow in the forecasted period.
  • The cloud's growth is being constrained partly by worries about the privacy of the data stored via cloud databases is reasons which is impeding market expansion.
  • In terms of volume and value, the North American region dominated the global Relational Database Service market in 2021.
  • Cloud using the system method, considerable growth is anticipated during the predicted period.

Who all are the Top players/companies in the Relational Database Service market in terms of value?

According to value, Oracle Corporation, Microsoft Corporation, SAP SE, MariaDB, IBM, Teradata Corporation, PostgreSQL, Informix Corporation, Amazon.com Inc., and Sequel Pro are the leading companies in the global Relational Database Service market. These major firms are concentrating on new product advances and technical innovation to improve the quality of their manufacturing of Relational Database Service equipment and win market share globally. Additionally, many local and national businesses are investing heavily to broaden their product lines and increase sales. In February 2019, Lyft and AWS collaborated. Lyft made advantage of AWS's analytics, machine learning, and database capabilities. Because it provides high-performance support for mission-critical workloads, like ride-tracking systems, Lyft employs Amazon DynamoDB.

Who are the top 10 countries in the market for relational databases?

China, Canada, the United Kingdom, India, the United States, Germany, France, Italy, South Korea, and Japan are the top nations on the international market for relational database services. Most market contributors in North America are expected to come from the US and Canada. Businesses in the region are setting the bar for using the cloud, machine learning, and artificial intelligence (AI) technologies, which assist in the market's growth. Additionally, market growth is fueled by major cloud database producers in the region.

Which is the major End User used in the Relational Database Service Market?

The BFSI category led the Relational Database Service market in 2021. Technology is causing changes in the banking and financial industries. Due to growing internet usage and the prevalence of mobile devices and applications, financial institutions must deal with escalating competition, changing client expectations, strict control, and risk management in a dynamic market. Technology has since produced useful company analytics solutions. The banking and finance industry can use business analytics technologies to gain insights from consumer data that could lead to more intelligent management practices and business decisions. Banking and financial institutions utilize business analytics solutions to increase profitability, decrease risk, and gain a competitive advantage.

Quantzig, a renowned data analytics and advising organization that offers actionable analytics solutions to solve challenging business problems, announced the end of its most recent engagement in February 2020 using a powerful and efficient big data analytics strategy. Throughout this assignment, they helped a top investment banking firm improve sales and customer service. Due to the increasing use of big data analytics in the sector, top investment banking firms are now evaluating data sets and making assumptions about customer behavior using advanced business analytics.

What are the Major Dynamic Factors for Relational Database Service Market?

The market will grow significantly as more people become aware of the internet and use it for various businesses. Because of the widespread use of data that will follow from greater knowledge, the market is expected to grow throughout the forecasted period. The ease of use, flexibility in adapting to changing organizational processes, and productivity gains of relational database software. 

What are the Major Restriction for Relational Database Service Market?

Privacy concerns for the data saved through the cloud are the main factor restricting the growth of the cloud database market. They are also anticipated to some extent to restrain market growth for the global relational database services sector. Due to the service provider's ongoing access to the data stored there, cloud computing may create privacy problems. The information that has been saved may potentially be accidentally, willfully, or even accidentally deleted by the company. Without a warrant, cloud service providers may reveal the information to third parties for law and order reasons. Consent is also given in the privacy policy that clients must accept to utilize the cloud service. Because of this, the loss of privacy significantly impacts the market's growth and acts as a significant impediment to the adoption of cloud databases. This lack of privacy leads to low user trust levels.

Which Region Dominated the Relational Database Service Market?

North America, home to major players like Oracle, Microsoft, and Salesforce.com, to mention a few, dominated the global Relational Database Service market in 2021. In a variety of American enterprises, models allowed the same instance of data to support databases, global messaging, interactive analytics, batch analytics,and file-based models. Rapidprocessings development made this possible. A 2019 survey by Alteryx of 350 retailers and brand makers found that nearly 81 percent of respondents said they had access to consumer analytics. While 76% think that their revenue/sales performance depends on intelligence. However, merely collecting data is insufficient. Only 16 percent of research participants were able to make the switch to data harnessing actively.

Segmentation of Global Relational Database Service Market-

Global Relational Database Service Market – By Type

  • In-memory
  • Disk-based
  • Others

By Deployment

  • Cloud-based
  • On-premises

By End-users                                     

  • BFSI
  • IT & Telecom
  • Retail & e-commerce
  • Manufacturing
  • Healthcare
  • Others

Global Relational Database Service Market – By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Frequently asked questions about the global Relational Database Service market

After the epidemic provoked lockdowns all around the world, several industries were shut down or not operational for an extended length of time. As a result, there was a considerable rise in demand for cloud databases worldwide. However, the necessary market development for cloud databases was not produced by the industries that were made available as essential services. Cloud database sales increased due to the remote nature of industry activities.

North America accounted for the highest global Relational Database Service market share.

The market will be driven by data use on a broad scale as a result of increased awareness, and it is predicted that the market will progressively expand throughout the projected period.

Cloud-based had a major share in 2021 with around 60% of the market revenue share. Besides, it is also projected to witness the fastest growth.

The BFSI segment had a major share in the global market in 2021 and is projected to continue its dominance over the forecast period.

Relational Database Service Market

Report Attribute Details
Market Value in 2021 USD XX billion
Market Value in 2028 USD XX billion
CAGR XX%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
Choose License Type
Budget Buying
Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
Published Date:  Aug 2022
Category:  Data Center & Networking
Report ID:   60604
Report Format:   PDF
Pages:   190
Rating:    4.5 (12)
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