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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