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Desktop Database Software Market Report Overview
The global desktop database software market size expanded rapidly in 2023 & the market is expected to generate substantial revenue by 2032, exhibiting a high CAGR during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with the desktop database software market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden decline in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
A desktop database software tool allows users to construct and administer databases on their own computers. Database Software is useful because it allows users to store and organize data in an easy-to-access and utilize format. Desktop databases are databases that may contain a range of smaller data sets and run on individual computers. These databases' functionality is substantially simpler than those of larger network databases or data warehouses. These databases, on the other hand, are advantageous because users without extensive database understanding can construct, develop, and deploy desktop applications entirely within the database. Users can also track data by creating tables, queries, and reports.
The increasing demand for desktop database software from individual and enterprise users, as well as the expanding trend of cloud-based deployment options, are driving growth in this market. Due to advantages such as lower cost and greater security features when compared to cloud-based deployment options, on-premise database software maintained a significant part of the database software market. Cloud-based deployment options, on the other hand, are predicted to increase at a faster CAGR during the projection period due to benefits such as lower TCO (total cost of ownership), scalability, and flexibility. The global desktop database program is divided into on-premise and cloud-based deployments.
COVID-19 Impact: Halt on Operations Due to Lockdowns to Hinder Market Growth
The global economic impact of Coronavirus illness (COVID-19) is unprecedented and uncertain. The epidemic has compelled the entire world to adjust to the current situation, regardless of the business, sector, or industry. The worldwide economy and service sector have been impacted by the coronavirus epidemic (COVID19). The current study's goal is to examine the impact of COVID-19 on service sector growth and sustainability. Global sectors and industries are attempting to find a foothold in the middle of the pandemic. The study focuses on the industries that have been severely impacted by the outbreak and discusses the tactics and remedies that different countries are employing to sustain their economy.
Latest Trends
"Increased Use of Mobile Devices to Increase Demand "
With the increased use of mobile devices, there is a greater demand for desktop database software that can be accessed via mobile devices. Mobile-optimized desktop database software can help firms enhance productivity and efficiency while on the road. Companies are increasingly requesting self-service BI technologies that enable them to make better decisions without the assistance of IT professionals or consultants. Desktop database software can be used to provide self-service BI solutions, allowing firms to save time and money while boosting decision-making processes.
Desktop Database Software Market Segmentation
- By Type Analysis
According to type, the market can be segmented into on-premise and cloud-based.
In terms of product, on-premise is the largest segment.
- By Application Analysis
Based on application, the market can be divided into large enterprises and SMEs.
In terms of application, large enterprises is the largest segment.
Driving Factors
"Widespread Use in Personal Computers to Accelerate Market Growth"
Individual applications accounted for a large market share due to their widespread use in personal computers, laptops, tablets, and other devices across all age groups internationally. These applications enable users to keep and access crucial documents from any device without printing or preserving them on hard disc drives physically placed near their homes or offices (iPads are great substitutes). Individuals are increasingly using cloud-based desktop database software, which will fuel total market growth in the future years. The increase can be ascribed to increased need for data integrity and security from various industries such as BFSI, telecom, retail, and others. The increasing adoption of these applications across numerous industries is driving up global demand.
"Cloud Based and On Premises Software to Enhance Market Growth"
Cloud-based software solutions are those that are hosted on the vendor's server and may be accessed from any place. Data is remotely saved using digital storage technology such as the cloud. Cloud-based desktop database software has various advantages over traditional solutions, including quick data access, real-time synchronization of updates across multiple devices, and inexpensive cost of ownership. On-premise software is database software that is installed and utilized on the PCs, servers, or workstations of end users. An on-premise desktop database's data can only be accessed by authorized individuals who have the necessary passwords.
Restraining Factors
"Costly Hardware and Software to Impede Market Expansion"
A large amount of space is required to store a large amount of data. Also, running the DBMS will necessitate more memory and faster computing power. As a result, costly hardware and software will be required to deliver all of these facilities. As a result, the outdated file-based system must be replaced. Very advanced technology and software demand pricey maintenance. DBMS necessitates a significant initial investment in both hardware and software. A large expenditure is necessary, depending on the size and functionality of the company. In addition, the business must pay annual maintenance expenditures.
Desktop Database Software Market Regional Insights
"Asia Pacific to Dominate the Market Due to Increased Investments by Important Players"
The Asia Pacific region dominated the desktop database software market share due to increased investments by important players in this region, as well as rising usage by SMEs and MNCs operating in various industries like as manufacturing, IT & telecom, banking & financial services, and others. Furthermore, increased government activities fostering digitalization are expected to drive regional growth during the predicted period. For example, the Indian government's Digital India Program aims to provide free internet access to all of its residents, which will increase adoption rates and contribute considerably to revenue production in future years.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
LIST OF TOP DESKTOP DATABASE SOFTWARE COMPANIES
- Microsoft (U.S.)
- Ninox (Germany)
- Divergent Labs (India)
- Biztree (Canada)
- SpeedBase Software (U.S.)
- MKF Solutions (U.S.)
- LuckyDroid (Russia)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
Frequently Asked Questions
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What was the impact of COVID-19 on the desktop database software market?
Halt on operations due to lockdowns to hinder desktop database software market growth.
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What is the leading region in the desktop database software market?
Asia Pacific to dominate the desktop database software market due to increased investments by important players.
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Which are the driving factors of the desktop database software market?
Widespread use in personal computers ad cloud based and on premises software are the driving factors of the desktop database software market.
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Which are the top companies operating in the desktop database software market?
Microsoft, Ninox, Divergent Labs, Biztree, SpeedBase Software, MKF Solutions, LuckyDroid are the top companies operating in the desktop database software market.