Open Source Database Market Size, Share, Growth, and Industry Analysis, By Type (SQL and No SQL and Others), By Application (Internet, Government, Financial, Research and Education and Others), Regional Insights, and Forecast From 2023 to 2031

Updated On: 13 November 2023

Open Source Database Market REPORT OVERVIEW

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The global open source database market size is expanded rapidly in 2022 and market is expected to generate substantial revenue by 2031, exhibiting a high compound annual growth rate (CAGR) from 2022 to 2031.

Any database application that has a codebase that is open for anyone to examine, download, alter, distribute, and reuse is considered an open source database. Developers are free to create new apps utilising current database technologies thanks to open source licensing. Developers can use open source database management systems as an abstraction layer to store data for businesses and their applications.

COVID-19 Impact: The Pandemic Upsurged the Open Source Database Market Growth

Due to lockdowns and disruptions in industrial and supply chain activity, COVID-19 initially had a substantial impact on the market. On the other hand, the COVID-19 epidemic has accelerated the adoption of new technologies while simultaneously increasing end users' dependency on them. The growing use of open source database technology for the storage of data of patients records and many more during COVID-19, is likely to have a positive effect on the market growth. Being one of the largest user bases with an exceptional degree of support and documentation, the COVID-19 programme has paved the way for the development and deployment of cutting-edge technology.

LATEST TRENDS

"The Technological Innovations and Research Development to Advance the Market Share"

According to Guy Harrison in Big Data Quarterly, open-source DBMS options first started to appear in the mid-1990s. The origins of open-source software can be traced back to early pioneers who thought that sharing code was crucial to advancement. Nevertheless, by 2010, a proliferation of open-source DBMSs that are constantly updated by contributor communities had overthrown the dominance of proprietary vendor software.

This boom of fresh open-source database systems, according to Harrison, "dramatically highlighted the innovation advantage of open source." While the open-source database community appeared to be moving at the speed of light, commercial manufacturers like Oracle and Microsoft appeared to be stuck in place. 

Open Source Database Market SEGMENTATION

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• By Type Analysis

Based on type, the open source database market is subdivided into SQL, no SQL and others.

The SQL is the leading part of the type segment.

• By Application Analysis

Based on the applications, the open source database market is subdivided into internet, government, financial, research and education and others.

The internet is the leading part of the application segment.

DRIVING FACTORS

"The Extensive Applications of Open Source over Closed Source to  Amplify the Market Share"

Closed source databases are commercial software. The source-code is not accessible, modifiable, distributable, or reusable. To use the database within your applications, you may need to pay a subscription or licensing charge. The codebase is maintained by the firm that produced the code. It implies you'll have to wait till the corporation adds new features or fixes flaws in the database management system.

Open source databases, on the other hand, allow anyone to examine and access the source code. Because there are no licence fees, open source databases have a cheaper total cost of ownership (TCO) than commercial databases. You can freely obtain and alter source code to power your apps, with no vendor lock-in. On the other hand, you are responsible for maintaining and securing your open source database implementation.

"The Dynamic Benefits of Open Source to Witness Significant Growth and Attract the Market Share"

Open source was once viewed with suspicion by corporations, no doubt fueled by the enmity of proprietary software vendors, but that is no longer the case. In addition to extensive enterprise usage, several proprietary software firms have embraced — and commercialised — open source technology and benefits.

"It's too late if we are frightened of using open source," say Forrester analysts. "You're unlikely to utilise a product today that doesn't have open-source components. It's almost certain that you're reading this with a browser based on open-source technology, served by a web server that has an open-source core — all developed with open-source tools."

RESTRAINING FACTORS

"Neuro-Physiological Issues and High Cost of Devices to Restrain the Market Growth"

As more businesses seek to adapt through software-based business models, the proprietary versus open-source debate may become essential as new products and services enter the market. "Corporate teams can't develop on proprietary code and instead must rely on the vendors to keep pace with the advances necessary to compete in a quickly evolving digital landscape." In contrast to proprietary data management software, the open source solutions are released under a licence that lets users deploy the code to construct their own systems and also update, edit, and adapt it for their own purposes." Open source can offer a broader selection of platforms, data models, and vendors, as well as third-party support services.Nonetheless, it is the users' responsibility to investigate the licensing and support alternatives, especially the limitations of for-profit versions of open-source software. But because of the dangers involved, so many people seek the assistance of outside professionals to migrate away from proprietary DBMSs and to maximise the advantages and thus hindering open source database market growth.

Open Source Database Market REGIONAL INSIGHTS

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"North American Region to Lead  With Presence of Large Number of Consumers and Major Key Players"

Over the projected period, the North American open source database market share is expected to expand rapidly, particularly in the growing nations like U.S.A. The market is characterised by technology developments that are anticipated to lead to the creation of improved options for tech industries and IT professionals. Furthermore, open source databases are getting more popular, with approximately 89% of developers in the North American region utilising it at least once.

KEY INDUSTRY PLAYERS

"The Prominent Players Contributing in the Market Growth"

The international, regional, and local players in the brain-computer interface market are well-diversified and the market is moderately competitive. However, a few significant international companies, such Natus Medical Incorporated, Compumedics Ltd, Emotive Incorporation, g.tec medical engineering GmbH, and NeuroSky, control a large portion of the industry thanks to their strong brand names and wide distribution networks. Companies are discovered making investments in cutting-edge technology to provide their clients a digital transformation.

List of Market Players Profiled

• Vmware (U.S.A)
• Huawei (China)
• Google (U.S.A)
• IBM (U.S.A)
• OmniSci (U.S.A)
• The PostgreSQL Global Development Group (U.S.A)
• Amazon Web Services, Inc. (U.S.A)
• Oracle (India)
• Cockroach Labs (U.S.A)
• Neo4j，Inc. (U.S.A)
• Apache (U.S.A)
• Couchbase, Inc (U.S.A).

REPORT COVERAGE

The report examines elements affecting the demand and supply sides and estimates dynamic market forces for the forecast period. The report offers drivers, restraints, and future trends. After evaluating governmental, financial, and technical market factors, the report provides exhaustive PEST and SWOT analysis for regions. The research is subject to alteration if the key players and probable analysis of market dynamics change. The information is an approximate estimate of the factors mentioned, taken into consideration after thorough research.