[FURL=https://www.industryarc.com/Report/19213/relational-database-market.html?utm_source=Emailwire&utm_medium=Pressrelease&utm_campaign=Paidpressrelease]Relational Database Market[/FURL] is forecast to reach $18.8 billion by 2026, after growing at a CAGR of 38.4% during 2021-2026 forecast period. With rise in the adoption of IoT technologies and the usage of cloud database for computing in various organizations for different applications is analyzed to boost the Relational Database Market. Moreover, the cloud databases provide the customers with improved performance, service resilience and so on, thereby enhancing the overall market demand for Cloud Database during the forecast period. The Relational database market is driven primarily due to rising usage of internet of things, cloud computing as well as rising use of Cloud database in banking and education. IOT data is complex, accessible by multiple users and many complex queries, both SQL database and NoSQL database, and transactions need to be handled through IOT applications. Relational database makes the data secure and reliable. Furthermore, Relational database management system (RDBMS) provides customer with data storage, automatic data backups and replication thereby boosting the market growth during the forecast period 2021-2026.Key Takeaways
North America dominates the Relational Database Market owing to high adoption of cloud computing and storage by the large enterprises and SMEs in the region.
The growing demand from large scale enterprises for digital database management and storage is likely to aid in the market growth of Relational Database Market during the forecast period 2021-2026.
The increased number of investments in the IoT applications and its impact on the IT and telecom industry is analyzed to impose a significant rise in the demand for data management services thereby creating significant number of opportunities in Relational Database Market during 2021-2026.
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Relational Database Market Segment Analysis - By Geography
In 2020, North America dominated the Relational Database Market with a market share of 41.5%, followed by APAC and Europe. The major factors contributing to the major market share is the presence of large cloud database vendors including Amazon, Google, Oracle and so on, as they provide enhanced advanced technical architecture and cloud database security to the customers in this region thereby boosting the market during the forecast period 2021-2026.
Relational Database Market Drivers
Growing demand for Database as a service
Rising Data Storage Requirements
The market of Relational Database has been consolidated by the top ten players including Google Inc., Amazon, Oracle corp., Microsoft corp., IBM Corp., Rackspace Inc., Salesforce Inc., SAP SE., Centurylink cloud among others.
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