New York, July 23, 2019 (GLOBE NEWSWIRE) -- Demand for risk management, rise in regulations and compliance, increase in columnar databases are fueling the growth of the enterprise database market.
The global Enterprise Database market is expected to reach USD 155.50 Billion by 2026, according to a new report by Reports and Data. Enterprise data is used by enterprises and large organization to manage their huge collection of data. These databases increase efficiency. It can handle multiple queries simultaneously, and hundreds of users can work on it at a single time. These databases are generally used to strategize, plan, and organize work. By increasing efficiency and decreasing cost, it is very effective within an organization.
A major factor restraining the enterprise database market is the availability of an open source solution. Also,the high cost required to establish the management system also limits the growth of the market in small enterprises. Implementation of the management system requires regular maintenance, security check, and backup. Generation of the huge amount of data in the transport industry is also driving the market growth.
Developed countries have a larger hold in the enterprise database market. North America dominates the market for enterprise database management. The U.S. and Canada are leading the market. Cloud application in these developed regions is boosting the market. This region has some of the leading companies, and they invest in technologies that increase efficiency among its employees.
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Further key findings from the report suggest
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Segments covered in the report:
For the purpose of this report, Reports and Data have segmented the global enterprise database market on the basis of software, service, deployment type, user type, vertical, and region:
Software Outlook (Revenue, USD Billion; 2018-2026)
Service Outlook (Revenue, USD Billion; 2018-2026)
Deployment Type Outlook (Revenue, USD Billion; 2018-2026)
User Type Outlook (Revenue, USD Billion; 2018-2026)
Vertical Outlook (Revenue, USD Billion; 2018-2026)
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Regional Outlook (Revenue, USD Million; 2016-2026)
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