Database Monitoring Software Market to Expand at 15.5% CAGR from 2023 to 2030; Datadog Launched a New Integration to Strengthen Industry Foothold

The global database monitoring software market size stood at USD 1.79 billion in 2022. The market value is slated to rise from USD 2.05 billion in 2023 to USD 5.61 billion by 2030 at a CAGR of 15.5% during 2023-2030. The growth can be attributed to the rising development of advanced technology-based monitoring tools. Some of these technologies include machine learning, AI, and cloud.

Fortune Business Insights™ presents this information in its report titled “Database Monitoring Software Market Size, Share & COVID-19 Impact Analysis, By Component (Software and Services), By Deployment (Cloud and On-premises), By Enterprise Type (Large Enterprises and SMEs), By End User (BFSI, Healthcare, Government, IT and Telecom, Retail, and Others), and Regional Forecast, 2023-2030”.

Growing Product Adoption in Healthcare Propelled Industry Growth amid Coronavirus Pandemic

The COVID-19 pandemic registered an upsurge in the number of internet users and the adoption of online social media platforms. The period recorded an increase in product demand from the transportation, healthcare, and logistics sectors. The software adoption provided a range of benefits such as the reduction of IT infrastructure expenses, quick diagnosis of problems, and minimization of outages.

Datadog Launched an Integration that Monitors OpenAI’s Usage Patterns

In May 2023, cloud monitoring and security platform Datadog, Inc., announced a new integration that monitors the API usage patterns of OpenAI, costs, and performance for various OpenAI models, comprising GPT-4 and other completion models.

Datadog is the security and observability platform for cloud applications. The company’s SaaS platform automates and integrates application performance monitoring, infrastructure monitoring, real-use monitoring, and log management.

Changing Data Infrastructure Landscape to Impel Industry Expansion

The database monitoring software market growth is being propelled by the changing database infrastructure and rapid usage of cloud technology. The software provides a range of benefits such as rapid diagnosis of problems and minimization of slowdowns of significant components.

However, the growing number of strict regulations, laws, and rules associated with software development and installation may hamper industry expansion to a considerable extent.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/database-monitoring-software-market-106413

Key Industry Players Focus on Numerous Strategies for Strengthening Industry Foothold

Major companies are centered on formulating and implementing an array of steps for establishing a strong market footing. Some of the steps include merger agreements, acquisitions, and R&D activities. Additional initiatives comprise an upsurge in the formation of alliances. 

Key Players 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)

Notable Industry Development

• April 2023 – Redgate Software equipped its database monitoring tool SQL Monitor for supporting SQL Server on Linux. With this move, the company intended to help organizations gain the most value out of a given database. 

Further Report Findings

• The North America database monitoring software market share is slated to dominate the global market, exhibiting an appreciable CAGR over the study period. The surge is driven by the presence of leading players such as Quest Software, Inc., Heroix Corporation, SolarWinds Worldwide, LLC, and others.


• The Europe market for database monitoring software is touted to expand at a substantial CAGR throughout the projected period. The rise is driven by the growing adoption of cloud computing services among businesses.


• By component, the market is subdivided into software and services. The software segment is estimated to record considerable expansion over the projected period. The growth is on account of increasing product adoption across numerous businesses.


• Based on deployment, the market for database monitoring software is fragmented into cloud and on-premises. The cloud segment is slated to register lucrative growth throughout the forecast period. The surge is propelled by the increasing adoption of cloud services.

 Table of Segmentation