Market Synopsis

The global market of database management system (DBMS) is growing at the rapid pace, mainly due to factors such as the augmented adoption of cloud computing in the small-scale enterprises, improved data sharing, data security, and minimized data integration whereas high cost of hardware and software, high cost of staff training & technical staff are some of the restrains of the market. According to a recent study report published by the Market Research Future, The global market of database management system is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2022).

The Database Management System market is majorly driven by the factors such as improved data sharing, data security, minimized data integration whereas high cost of hardware and software, high cost of staff training & technical staff are some of the restrains of the market. The Global Database Management Systems Market is expected to reach at market size of USD 63 billion by the end of forecast period with CAGR of 8% between 2016 and 2022.

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