Database Monitoring Software Market Research Report: Trends, Alternatives, Statistics, and Forecast Through 2029
In 2021, the database
monitoring software market was estimated to be worth USD 1.39 billion.
The market is anticipated to expand at a CAGR of 15.1% from 2022 to 2029,
rising from USD 1.58 billion in 2022 to USD 4.23 billion. Database monitoring
software has seen higher-than-anticipated demand across all regions compared to
pre-epidemic levels due of the unprecedented and overwhelming global COVID-19
pandemic. According to our data, the global market grew by 3.6% more in 2020
than it did in 2019.
The range of products covered includes a variety of software
and services provided by top companies including SolarWinds Worldwide, LLC,
Heroix Corporation, Quest Software Inc., and others. These market leaders
provide SQL Server Monitoring by Spiceworks, Solarwinds Database Performance
Analyzer, Datadog Database Monitoring, and ManageEngine Data Applications
Manager. Additionally, Site24x7 provides data server monitoring tools, Atera
provides a remote data management solution, and Quest Software Inc. provides
SQL Power Database Tools performance indicators. These companies are creating
cutting-edge technology, including machine learning, cloud computing, and
AI-based monitoring systems. For example,
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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)
LATEST TRENDS:
Large volumes of data are maintained and managed utilising a
variety of hardware and software components known as database infrastructure.
Despite all of these developments, database monitoring remains one of the top
duties of DBAs, and it continues to have an impact on growth depending on how
DBAs execute their roles.
The rapid adoption of mixed servers and cloud technology
supports industry expansion. Historical databases must be kept both locally and
in the cloud by IT companies. Such a hybrid server configuration leads to
complex database issues. In such complex database architectures, monitoring
software closely monitors the database. This software has a number of
advantages, including lowering the cost of IT infrastructure and decreasing
outages and slowdowns of critical components. Additionally, it assists in
avoiding breakdowns and lowering maintenance expenses.
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DRIVING 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.
The key benefits of a
Database Monitoring Software market include:
·
Performance
monitoring: Database monitoring software can provide real-time visibility
into the performance of databases, including metrics such as query response
time, CPU utilization, and memory usage.
·
Alerts
and notifications: Database monitoring software can alert administrators to
potential issues, such as high CPU usage, low disk space, or slow query
performance, allowing them to take proactive measures to prevent service
disruptions.
·
Capacity
planning: Database monitoring software can provide historical performance
data, which can be used to plan for future capacity needs and ensure that
resources are allocated appropriately.
·
Compliance:
Database monitoring software can help organizations comply with regulations
such as HIPAA, SOC 2, and PCI-DSS by providing detailed auditing and reporting
capabilities.
·
Root
cause analysis: Database monitoring software can provide detailed
information about the cause of performance issues, making it easier for administrators
to identify and fix problems.
·
Scalability:
Database monitoring software can scale to monitor large numbers of
databases across multiple locations, allowing organizations to monitor their
entire database infrastructure from a single console.
·
Security:
Database monitoring software can help organizations secure their databases
by identifying and alerting on potential security threats such as SQL
injection, unauthorize access, and suspicious activity.
Regional Analysis:
This market is geographically divided into five key areas,
including North America, South America, Europe, the Middle East & Africa,
and Asia Pacific. They are further divided up into nations.
In 2021, North America is anticipated to hold the biggest
market share, and it is anticipated that it will continue to dominate during
the forecast period. The main reason for this is the region's concentration of
multiple important players, including Heroix Corporation, SolarWinds Worldwide,
LLC, Quest Software, Inc., and others. The American government is also spending
a lot of money digitising public sector operations. In order to strengthen
cybersecurity and IT services across all federal agencies, the Biden
administration in the United States introduced a $9 billion commitment as the
Modernization Technology Fund.
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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. In Asia Pacific, more than two-thirds of IT leaders 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.
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