Global Database Automation Market Will Reach USD 2,107 Million By 2024: Zion Market Research
Thursday, 13 December 2018 According to the report, the global database automation market accounted for USD 409 million in 2017 and is expected to reach USD 2,107 million globally by 2024, at a CAGR of around 26.4% between 2018 and 2024.
New York, NY, Dec. 13, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled *“Database Automation Market by Database (Hierarchical Databases, Network Databases, Relational Databases, and Object-oriented Databases), by Deployment (Cloud, On-Premises, and Hybrid), by Component (Solutions and Services), by Application (Finance, Operations, Human Resources, Sales & Marketing, and Information Technology), and by End-Use Industry (Transportation, Automotive, IT & Telecom, Retail, Government Sector, BFSI, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017–2024”*. According to the report, the global database automation market accounted for USD 409 million in 2017 and is expected to reach USD 2,107 million globally by 2024, at a CAGR of around 26.4% between 2018 and 2024.
Data automation uses technology and devices to undergo various processes with minimum human interference. Automating databases reduces errors and costs and provides timely services to customers.
*Browse through 128 Tables & 41 Figures spread over 176 Pages and in-depth TOC on “Global Database Automation Market: By Type, Technology, Size, Share, Industry Trends, Analysis and Forecast, 2017–2024”.*
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Automotive manufacturers are focusing on manufacturing and supplying vehicles on a global level. An increasing number of manufactured vehicles has enticed the requirement for database management solutions. In 2017, nearly 97 million vehicles were manufactured, about 2.3% more than 2016. Owing to their global presence, major industry players, such as Audi, BMW, and Ford, require database automation solutions to manage data effectively. Furthermore, Ford is also using cloud computing to enhance the consumer experience. Thus, the database automation market is expected to register huge growth over the estimated period.
Information and communication technology (ICT) industry has grown significantly in the past decade. In 2015, the global revenue generated by the sector was about USD 4,400 billion as compared to USD 3,433 billion in 2010. Furthermore, the increasing number of offshore development centers in developing economies such as India is driving the market. From 2000 to the first half of 2018, the Indian IT sector witnessed cumulative foreign direct investments worth USD 32.23 billion. These investments are anticipated to increase over the forecast timeframe leading to the augmented demand for database automation solutions.
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The database automation market is divided based on database, deployment, component, application, and end-user industry. By application, the database automation market is segmented into finance, operations, human resources, sales and marketing, and information technology. Information technology is projected to hold a substantial share in the database automation market over the forecast timeframe, due to the growing IT and telecom sector. By component, the database automation market is bifurcated into solutions and services. The solutions segment is anticipated to grow notably over the forecast timeframe, due to digitalization in the Asia Pacific. Governments of India and China are planning to automate government procedures to simplify the services provided to their citizens.
North America is anticipated to hold a significant share in the global database automation market in the upcoming years. The U.S. is likely to be a substantial contributor toward the regional market owing to the massive demand for database automation and technological developments witnessed across the retail sector. Database automation solutions are used by various retailers and e-commerce sites for maintaining information related to customers, suppliers, payments, stocks, and ordered and delivered goods. Retailers are investing in technology for offering their products online and retaining customers. In 2017, Walmart announced developing a private cloud technology that has the ability to process about 2.5 petabytes data per hour. The company also uses “Big Data Analytics” to get a real-time view of the workflow in their distribution centers, pharmacy, and retail outlets.
Browse the full *"Database Automation Market by Database (Hierarchical Databases, Network Databases, Relational Databases, and Object-oriented Databases), by Deployment (Cloud, On-Premises, and Hybrid), by Component (Solutions and Services), by Application (Finance, Operations, Human Resources, Sales & Marketing, and Information Technology), and by End-Use Industry (Transportation, Automotive, IT & Telecom, Retail, Government Sector, BFSI, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017–2024"* Report At https://www.zionmarketresearch.com/report/database-automation-market
The European database automation market is driven by the rising investments made in transportation technology. In 2018, it was estimated that about 65% of the European road transport operators are likely to invest in digital solutions. Majority of them are planning to invest in new fleet management solutions and e-documentation. These investments are bound to attract database management solutions, which, in turn, is likely to propel the database automation market in Europe in the upcoming years.
The Asia Pacific is expected to emerge as a potential in the global database automation market over the estimated time period. Digitalization of various banking procedures and other financial services in developing countries, such as India and China, are anticipated to fuel the market. In 2018, “Singapore Global Logistics Properties” and “Bank of China” declared funding worth USD 70 million to the Chinese IoT solutions provider, G7. Furthermore, in 2017, Japan’s Softbank Corp. announced investments in, IoT platform provider, ENCORED INC.
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Latin America is projected to make a substantial contribution toward the global database automation market over the estimated timeframe. Brazil is the major market for database automation in the region, owing to the rising demand for industrial automation solutions. In 2015, the U.S. industrial automation sector exported database automation solutions to Brazil were valued at USD 367 million. Furthermore, the rising investments made by various organizations are anticipated to fuel this market. Siemens announced to triple its investments in Brazil to USD 1.14 billion by focusing mainly on digitalization and automation.
The Middle East and Africa is anticipated to grow notably in the global database automation market over the forecast timeframe, owing to the initiatives of the government to use the AI. It is projected that by 2021, the region’s AI and cognitive intelligence systems will grow over USD 100 million. The rising demand for AI is likely to drive the region’s database automation market.
Certain major players operating in the global database automation market are Oracle Corporation, BMC Software, Inc., CA Technologies, Micro Focus, Amazon Web Services, Inc., SAP SE, Microsoft Corporation, Datavail, IBM Corporation, Quest Software Inc., IDERA, Inc., Help Systems, LLC, Red Gate Software Ltd., WhereScape Software Ltd., and Datical, among others.
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*This report segments the global database automation market as follows:
Global Database Automation Market: Database Segment Analysis*
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