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LONDON, GREATER LONDON, UNITED KINGDOM, October 17, 2024 /EINPresswire.com/ -- The database monitoring software market has experienced robust growth in recent years, expanding from $1.77 billion in 2023 to $2.06 billion in 2024 at a compound annual growth rate (CAGR) of 16.8%. The growth in the historic period can be attributed to innovation in analytics and reporting, demand for scalability and flexibility, dependency on critical applications, real-time monitoring needs.
What Is The Estimated Market Size Of The Global Database Monitoring Software Market And Its Annual Growth Rate?
The database monitoring software global market is projected to continue its strong growth, reaching $3.63 billion in 2028 at a compound annual growth rate (CAGR) of 15.2%. The growth in the forecast period can be attributed to resource optimization for cost efficiency, critical application dependency, rising demand for data storage, diverse database environments. Major trends in the forecast period include focus on performance optimization, compliance with regulations, automation for efficiency, enhanced security measures, data growth and complexity.
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Growth Driver Of The Database Monitoring Software Market
An increase in data generation is expected to propel the growth of the market going forward. Data generation refers to the generation of datasets, which are intended to be further processed in a database. Database monitoring software enables the user to quickly handle enormous amounts of data generated, resulting in quicker insights and the capacity to stay one step ahead of the competition.
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Who Are the Leading Competitors in the Database Monitoring Software Market Share?
Key players in the database monitoring software market include SolarWinds Worldwide LLC, Quest Software Inc., VirtualMetric B V, Sematext Group Inc., Heroix Corporation, eG Innovations Pvt. Ltd., Redgate Software Ltd., Nagios Enterprises LLC, Paessler AG, dbWatch AS, Dynatrace Inc., Intergral GmbH, Idera Inc., IT-Conductor Inc., Oracle Corporation, Cisco Systems Inc., Datadog, AppDynamics, New Relic, Riverbed Technology, Inc., Zoho Corporation Pvt. Ltd., Progress Software Corporation, BMC Software Inc., Splunk Inc., International Business Machines Corporation, Microsoft Corporation, AppNeta, LogicMonitor Inc., Micro Focus International plc, PRTG Network Monito.
Which Key Trends Are Driving Database Monitoring Software Market Growth?
Technological advancement is a key trend gaining popularity in the database monitoring software market. Major companies operating in the market are focused on developing new technological solutions using Artificial intelligence (AI), machine learning, and cloud computing to strengthen their position in the market.
How Is The Global Database Monitoring Software Market Segmented?
1) By Component: Software, Services
2) By Deployment: Cloud or SaaS, On-Premises
3) By Enterprise Size: Large Enterprises, SMEs
4) By End User: Banks and Financial Institutes, Healthcare, Government, IT and Telecom, Retail, Other End Users
Geographical Insights: North America Leading The Database Monitoring Software Market
North America was the largest region in the database monitoring software market share in 2023. The regions covered in the database monitoring software global market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Database Monitoring Software Market Definition
Database monitoring software is a tool or application that is designed to monitor database management systems. This software takes a multi-pronged approach to database speed optimization and offers methods to improve database structure. It is used to help organizations track, optimize and diagnose the performance of their database applications.
Database Monitoring Software Global Market Report 2024 from The Business Research Company covers the following information:
• Market size data for the forecast period: Historical and Future
• Macroeconomic factors affecting the market in the short and long run
• Analysis of the macro and micro economic factors that have affected the market in the past five years
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global database monitoring software market report covering trends, opportunities, strategies, and more
The Database Monitoring Software Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on database monitoring software market size, database monitoring software market drivers and trends, database monitoring software market major players, database monitoring software competitors' revenues, database monitoring software market positioning, and market growth across geographies. The database monitoring software global market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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