Albany, New York, June 15, 2016: Market Research Hub (MRH) has announced the addition of a new market study to its growing market intelligence catalog. The report examines the global database management systems market and presents forecasts regarding its trajectory in the coming years. The report is titled ‘Global Data Base Management Systems (DBMS) Market Report: 2016 Edition’ and is available for sale on the official website of MRH.
Database management systems are becoming increasingly important in today’s digital world due to the increasing volume of data generated by the corporate sector as well as the general population utilizing various Internet-based services. This data is crucial for companies to understand the behavior patterns of consumers and several other factors that help them analyze their performance and the opportunities arising across the world.
The report compiles data gathered from reliable primary and secondary sources. This data is further analyzed with the help of industry-standard analytical tools to provide a granular and precise analysis of the development of the global database management systems market. The historical development of the market is evaluated in the report to provide insights into the market’s development patterns, and forecasts regarding the market’s future are presented, including actionable insights to help market players formulate beneficial strategies.
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Cloud-based database management systems are being implemented by an increasing number of players due to the various benefits they present. Cloud-based database management systems allow consumers to reduce their expenditure on data storage, which is the primary driver for the market for cloud-based systems. However, concerns about cloud storage abound aplenty, thanks to the relatively recent emergence of cloud computing. The security of public cloud is still a cause for concern in the corporate sector, owing to the fact that they can’t control the infrastructure utilized for storing the data.
However, the growing acceptance of cloud infrastructure has also boosted the technological innovation in the field, and security concerns about cloud-based data storage are expected to be overcome in the coming years. This will provide impetus to the global database management systems market in the coming years.
The innovation of big data management systems has also revolutionized the global database management systems market and is expected to remain an influential factor in the coming years.
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The global database management systems market is fragmented to a high degree due to the emergence of several new market players in the last few years. Microsoft, Oracle, and SAP are among the leaders in the global database management market and are expected to remain in the leading positions in the coming years. IBM is another key market leader, although its share in the global database management systems market is showing signs of decreasing over the coming years.
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