Database Monitoring Software Market Research Report - Developments, Expansion, Statistics, Alternatives & Forecast To 2029
Database
monitoring software market was
predicted to command a USD 1.39 billion market in 2021. From 2022 to 2029, the
market is projected to grow at a CAGR of 15.1%, from USD 1.58 billion to USD
4.23 billion. Due to the unprecedented and overwhelming global COVID-19
pandemic, database monitoring software has shown higher-than-anticipated demand
across all regions compared to pre-epidemic levels. Our estimates show that in
2020, the global market will grow by 3.6% more than it did in 2019.
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Regional Analysis:
Due to an increase in government and private sector
investments in digital transformation, Asia Pacific is predicted to experience
the highest CAGR during the projected period. Open source database monitoring
tools and software are being used by top corporate and public sector
organisations. More than two-thirds of IT leaders in Asia Pacific use
open-source software for infrastructure modernisation, followed by DevOps (56%)
and digital transformation (51%), according to Red Hat's State of Enterprise
Open-Source report from 2021.
List of the Key
Companies Profiled:
·
SolarWinds Worldwide, LLC (U.S.)
·
Heroix Corporation (U.S.)
·
eG Innovations (U.S.)
·
Quest Software Inc. (U.S.)
·
VirtualMetric (Netherlands)
·
Red Gate Software Ltd (U.K.)
·
Sematext Group (U.S.)
·
Nagios Enterprises, LLC (U.S.)
·
PAESSLER AG (Germany)
·
dbWatch AS (Norway)
Improved performance and uptime: Database monitoring
software can identify and alert administrators to potential issues, such as
slow query performance or low disk space, allowing them to take action and
prevent downtime.
Increased security: Some monitoring tools can detect and
alert administrators to security breaches, such as unauthorized access
attempts, helping to protect sensitive data.
Better troubleshooting: With detailed performance metrics
and logs, monitoring software can help administrators quickly identify and
diagnose issues, reducing the time and effort required to resolve problems.
Enhanced compliance: Many monitoring tools can track and
report on key compliance metrics, such as access control and data encryption,
making it easier to demonstrate compliance with industry regulations.
Cost savings: By identifying and resolving performance
issues before they result in downtime, monitoring software can help
organizations save money on lost productivity and system downtime.
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Drivers Factors:
A significant demand for database monitoring software has
been generated by increasing data generation across a number of industries,
including BFSI, IT & telecom and the expanding Internet of Things (IoT)
integration. Additionally, the adoption of cloud computing technologies in both
small- and large-scale companies as well as the development of
customer-interface apps are driving up demand for database software.
Additionally, the expansion of the market is aided by a tremendous increase in
data due to the increase in internet penetration. The data traffic per month reached
35.5 GB per month in 2021 and is fast increasing, according to a 2020 Cisco
Systems Inc. report. It is projected that such a rise in data generation and
traffic will fuel the market expansion for database monitoring software.
As the majority of the data is housed in databases,
performance issues there account for roughly 50% of the problems in apps. By
installing this software, you can reduce downtime and improve consumption and
output. Additionally, the software can help firms guarantee a better user
experience and prevent revenue losses. The database monitoring tool may also
track resource utilisation in real-time, including CPU, memory, I/O, and disc
space. Additionally, it continuously monitors security, connection, and
database performance. As a result, businesses are putting monitoring software
in place to prevent problems with database speed.
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