Database Monitoring Software Market Size, Share & COVID-19 Impact Analysis, By Component (Software and Services), By Deployment (Cloud/SaaS and On-Premises), By Enterprise Size (Large Enterprises and SMEs), By End User (Banks and Financial Institutes, Healthcare, Government, IT and Telecom, Retail, and Others), and Regional Forecast, 2022-2029

The global database monitoring software market size was valued at USD 1.39 billion in 2021. The market is projected to grow from USD 1.58 billion in 2022 to USD 4.23 billion by 2029, exhibiting a CAGR of 15.1% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with database monitoring software experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. Based on our analysis, the global market exhibited a higher growth of 3.6% in 2020 as compared to 2019.

The scope includes various software and services offered by leading players such as SolarWinds Worldwide, LLC, Heroix Corporation, Quest Software Inc., and others. These leading players are offering database performance analyzer by Solarwinds, Datadog Database Monitoring by Datadog, SQL Server Monitoring offered by Spiceworks, and Data Applications Manager by ManageEngine. Also, data server monitoring tools are offered by Site24x7, remote data management solution by Atera and SQL Power Database Tools performance metrics offered by Quest Software Inc. These players are developing advanced technology such as AI, cloud, and machine learning-based monitoring tools. For instance,

• In April 2022: Tata Consultancy Services (TCS) introduced the TCS ADD suite intuitive and agile risk-based monitoring solution for healthcare and clinical trials. It enables compliance with regulatory standards, helps in decision making, and improves study efficiency. TCS ADD suite enables Contract Research Organizations and biopharmaceutical companies to identify risks with the help of advanced statistical algorithms.


• In September 2021: Site24x7 launched a website content monitoring review tool that comprehensively monitors all servers, websites, and applications.

As IT infrastructures become increasingly diversified, the application's complexity grows exponentially. Database monitoring helps IT fix issues before affecting end-users in such complex heterogeneous setups. Database software may help businesses ensure that their mission-critical applications run at peak performance.

• According to a Redgate Software survey done in 2020, 79% of database professionals employed either in-house or paid monitoring tools, which is a 10% increase over the previous year. In addition, 86% of respondents said they were happy with paid monitoring solutions, up by 18% from the previous year.

COVID-19 IMPACT

Rising Adoption of Database Software in Healthcare Amid COVID-19 Aids Market Growth

The impact of the COVID-19 pandemic positively impacted the global database monitoring software market during the mentioned period. This is accredited to the significant speed in the adoption of online social media platforms and surge in internet users during the pandemic. The global market witnessed a massive growth rate of 3.6% in 2020 compared to 2019. In terms of revenue, the market observed an increase in revenue to USD 1.24 billion in 2020.

Despite variations in software indices owing to budget restrictions, shutdowns, and stay-at-home orders throughout the world, most chosen indexes have returned to pre-COVID-19 levels. Database monitoring software firms saw a surge in demand from healthcare, transportation, logistics, and consumer staples during the pandemic. The retail, energy, and hotel industries, on the other hand, saw a considerable drop in demand.

Demand and usage are projected to rise in the mid to long term for software firms with significant profit margins and recurring income. Due to the implications of COVID-19, firms are reprioritizing automated database monitoring and cloud adoption, according to Redgate's annual state of database monitoring software report. As a result, the market is likely to expand in the future.

LATEST TRENDS

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Changing Landscape of Database Infrastructure is Propelling Market Growth

Database infrastructure is used to maintain and manage large amounts of data using several hardware and software components. Database monitoring remains one of the top tasks of DBAs despite all of these changes, and it continue to influence growth depending on how DBAs handle their roles

Rapid use of cloud technology and mixed servers aids the market growth. IT firms must keep historical databases on-premises and in the cloud. Complex database difficulties result from such a hybrid server setup. Monitoring software closely monitoring database in such complicated database structures. This software has several benefits, such as minimizing outages & slowdowns of the important components, helping to diagnose problems quickly, and reducing IT infrastructure expenses. It also aids in the reduction of breakdown costs and the avoidance of revenue loss caused by outages.

DRIVING FACTORS

Rise in Amount of Data Generated by Industries to Accelerate Demand for Database Monitoring Tool

Rising data generation in several industries, such as BFSI, IT & telecom, and the growing Internet of Things (IoT) integration have created a massive demand for database monitoring software. Besides, the introduction of customer-interface applications and the deployment of cloud computing technologies in small and large industries are also surging the demand for database software. Also, an increase in a huge amount of data with the surge in internet penetration aids the market growth. According to Cisco Systems Inc. Report in 2020, the data traffic per month reached 35.5 GB per month in 2021 and is rapidly growing. Such an increase in data traffic and data generation is anticipated to propel the database monitoring software market growth.

However, database performance issues account for almost 50% of the issues in applications as most of the data is stored. An installation of this software helps to eliminate downtime and optimize usage and performance. The software can also aid businesses in ensuring a better user experience and avoiding losses in revenue. The database monitoring tool can also continuously monitor resource usage such as disk space, CPU, I/O, and memory capacity. It also constantly tracks database performance, connectivity, and security. Thus, companies are installing monitoring software to avoid database performance-related issues.

RESTRAINING FACTORS

Laws and Regulations Associated with Software Development to Hamper Market Growth

The rising number of strict rules, laws, and regulations regarding software installation and development is expected to hinder the market growth. Several laws include Intellectual Property (IPR) acts limiting software companies' expansion overseas. Also, some countries do not allow the software commercial deployment and distribution for any open-source and paid database software and tools.

Further, in Europe GDPR, General Data Protection Regulation Law European Unions have been mandated, effective since May 2018. Also, as per recent studies, approximately 60% of technology companies need to comply with the GDPR laws in Europe as it restricts innovations and hinders the market growth.

SEGMENTATION

By Component Analysis

Need to Optimize and Enhance Database Performance to Boost Database Monitoring Software Market Share

This market includes various software and services by component. The software segment is expected to have the largest market share and is expected to dominate during the study period. Various software tools are considered such as Solarwinds Database Performance Analyzer, Datadog, Quest’s Foglight, PRTG Network Monitor, and others. The rising adoption of this software by enterprises around the globe for optimizing the huge database and augmenting several performance parameters drives the market growth.

The services segment is expected to grow with the highest CAGR during the forecast period. This is primarily attributed to the adoption of the rising service by small & medium-scale startups and enterprises globally. The scope consists of various services such as AppPerfect’s database monitoring services, datavail database monitoring services, and others. These database performance and data monitoring services help detect all critical database environments and help to manage several signal problems to ensure high performance. The services help in finding results, visualization, and processing.

By Deployment Analysis

Stable Availability and Accessibility Features of Cloud-based Model to Surge its Deployment Among Enterprises

The scope consists of cloud/SaaS and on-premises based on deployment.

Among these, the cloud/SaaS is expected to have the largest share in the market. It helps to enable the enterprise to observe applications and services in the cloud. It helps to provide valuable insights from data and provides alerts & on upcoming issues & disruptions. Rising cloud adoption by enterprises around the globe and increasing cloud infrastructure developments aid the market growth. According to Fortune Business Insights estimate, the global cloud computing market was valued at USD 250.04 billion in 2021 and is expected to reach USD 791.48 billion by 2028, growing with a CAGR of 17.9% during the forecast period.

On-premise, the model is expected to grow at the fastest CAGR, owing to increasing preference by small and medium enterprises to manage performance and internal data monitoring.  

By Enterprise Size Analysis

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Rising Digitization Strategies with Surge in the Government & Private Investments Aids Market Growth

The scope consists of large enterprises and SMEs based on enterprise size.

Large enterprises are expected to account for the majority of market share since they are required to collect and retain large amounts of data in databases that must be reviewed regularly. Rising digital transformation initiatives around the globe aid the market growth. According to the IDC Report in 2020, the global digital transformation initiatives are valued at USD 6.8 trillion and are growing rapidly with a surge in the adoption by large enterprises. Large organizations maximize database uptime to maintain high productivity, and deliver database requests using various database monitoring tools.

Also, major players in the market are developing and launching advanced database monitoring software solutions for large and small-scale enterprises. For instance,

• In April 2020, Paessler AG introduced the PRTG Enterprise Monitoring solution for businesses to monitor large-scale IT infrastructures without the requirement of excess devices. The company launched a subscription-based license model for large-scale IT environments. These licensed models are deployed across several database servers and locations.

A growing number of startups globally with the surge in digital transformation initiatives is expected to grow SMEs with the highest CAGR during the forecast period. According to the National Association for the Self-Employed Organization, the U.S had more than 31.7 million small and medium scale enterprises in 2020.

By End User Analysis

Rising Demand to Manage Huge Amount of Data of Banking Customers Drives Banks and Financial Institutes Services (BFSI) Growth 

Banks and financial institutes, healthcare, government, IT and telecom, retail, and others (airlines, education) are the end users of the market.

Banks and financial institutes have a huge customer base that requires advanced data monitoring software solutions to access millions of customer data. The banks access these data through mobile apps, banking websites, and any other multiple devices. Database software allowed the banks and financial institutes to monitor global customer experience and application performance. Banks and financial institutes are expected to have the largest share in the market owing to the surge in the adoption of advanced tools and software by several banking firms. For instance,

• In January 2022, RBL Bank in India collaborated with Alphabet’s Google LLC for adopting its advanced customer analytics and data management & monitoring solution. This collaboration enabled to manage the customer’s data using analytics tools. It enabled effective cross-selling of the banking product launched to the large customer base and significantly reduced customer acquisition costs.

The monitoring software gives businesses complete access to their digital shops' consumer interactions and IT infrastructure. Retailers can create exceptional customer experiences, expedite digital transformations, and quickly fix performance issues by monitoring customer-facing apps.

Also, the government sector is growing with a moderate CAGR during the forecast period due to a surge in IT services investment for digital transformations. According to the Gartner Report, in 2021, the global government’s IT investments toward the adoption of various IT services reached USD 452.0 billion. Such an increase in IT investment toward the adoption of various software and IT services by governments around the globe aids the market growth during the forecast period.

REGIONAL INSIGHTS

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Geographically, this market is fragmented into five major regions such as North America, South America, Europe, the Middle East & Africa, and Asia Pacific. They are further categorized into countries.

North America is expected to have the largest market share in 2021 and is expected to remain dominant during the forecast period. This is primarily attributed to the presence of several key players such as Heroix Corporation, SolarWinds Worldwide, LLC, Quest Software, Inc., and others in this region. Also, the U.S. government is investing a considerable amount in digitizing public sector activities. The Biden administration in the United States added an investment of USD 9 billion as the Modernization Technology Fund for building up cybersecurity and IT services across governments.

Asia Pacific is expected to grow at the highest CAGR during the forecast period, owing to a surge in digital transformation investments by government and private companies. Government organizations and leading private companies are adopting open source database monitoring software and tools. According to the State of Enterprise open-source report by Red Hat in 2021, more than two-thirds of IT leaders, followed by DevOps (56%) and digital transformation (51%), use open-source software for infrastructure modernization in Asia Pacific.

Europe is growing with moderate CAGR during the forecast period owing to surge in the adoption of cloud computing services among enterprises. According to the European Union Organization Report in 2021, approximately 41.0% of enterprises have adopted cloud services. Such an increase in the adoption of cloud computing and rising digitalization aids the global database performance monitoring growth.

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South America and the Middle East & Africa are growing with moderate CAGR during the forecast period, owing to rapidly increasing digital disruption. Middle East countries, including Bahrain GCC and the UAE’s governments have planned to implement the core digital technology adoption initiatives.

KEY INDUSTRY PLAYERS

Rising Development of Advanced AI-based Technology Tools by Key Players in the Market Aids Market Growth

The market players are intended to expand their customer base by acquiring several growth strategies such as partnerships, mergers, acquisitions, and others. These players are also planning to develop new products by expanding their technological investments in research and development. For instance,

August 2021 – Datadog, Inc. launched its Database Monitoring (DBM) tool for database administrators, engineers, and database administrators. These tools enable quick visibility regarding any issues raised during the slow-running database queries.

June 2021 – SolarWinds Worldwide LLC introduced Database Insights advanced solution for SQL Server. It is the combination of SolarWinds Database Performance Analyzer (DPA) and SQL Sentry that runs under a single licensed product. It combines DPA's database variation detection capabilities with SQL Sentry's extensive performance data to reduce time to resolution, pinpoint issues, and avoid recurrence.

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)

KEY INDUSTRY DEVELOPMENTS:

• February 2021 – dbWatch made a partnership with Netsoftmate Technologies U.S.-based database management firm to amplify and strengthen the dbWatch’s product’s reach and presence across the U.S. market.


• February 2020 – SentryOne launched SentryOne Portal, which provides convenient web access to SQL Azure Database monitoring data and SQL Server of Microsoft Corporation. This portal helps DBAs, developers, and senior IT professionals to see the status of critical missions of on-premises and cloud data.


• December 2019 – SolarWinds Worldwide, LLC completed the acquisition of SaaS-based data performance company VividCortex. This acquisition expanded the cloud database monitoring solution in its portfolio. The SaaS-based product expanded cloud-based and on-premises deployment of the Database Performance Analyzer (DPA) product.

REPORT COVERAGE

An Infographic Representation of Database Monitoring Software Market

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The research report includes leading regional analysis worldwide, market dynamics, and market segmentation to understand the user better. Furthermore, the report provides insights into the latest industry and key market trends and analyzes technologies deployed at a rapid pace at the global level. It further highlights some of the growth-stimulating factors and restraints, helping the reader gain in-depth knowledge about the market.

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