SQL Server Transformation Market Prophesied to Grow at a Faster Pace by 2019-2029

Published : 3 years ago, on 19/07/2021

The SQL server transformation market will
create an incremental dollar opportunity to the tune of US$ 30 Bn by 2029.
Rampant digitization of business processes to leverage benefits of industrial
automation will continue to bolster growth for SQL server transformation
market. Penetration of internet connectivity in developing countries presents
gainful revenue prospects. The voluminous data generated by digital products
and services warrant effective and efficient data management solutions and
services. Hence, SQL server transformation to record, store, and recall data
according to specific business needs will continue to increase.

“Capacity
expansion by mergers, acquisition, and strategic partnerships with local
players in Asia Pacific is a prominent competitive strategy.” says the FMI
analyst.

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SQL
Server Transformation Market – Key Takeaways

• IT applications of SQL server transformation emerge as the most financially rewarding industry vertical. The segment records the highest growth rate.
• Enterprise data warehousing is the most lucrative end-use segment with a majority market value share.
• Asia Pacific ex. Japan (APEJ) leads global sales among all regional markets.
• Europe presents the most remunerative growth prospects with the highest growth rate through 2029.

SQL Server Transformation Market – Key
Growth Drivers

• Tech-driven advancements such as NewSQL, a more efficient version of conventional SQL drive adoption of SQL server transformation services.
• Digitization of traditionally offline processes such as banking in developing countries strengthens growth during the forecast period.
• Penetration of eCommerce further creates demand for customer data management, logistics and operations data management. This in turn generates demand for SQL server transformation of eCommerce databases.
• Government investment in developing IT infrastructure for public sector services will significantly contribute to profitable revenues during the projection period.

SQL Server Transformation Market – Key
Constraint to Growth

• Limited awareness about server transformation and its benefits in developing countries present hurdles for smooth adoption of SQL server transformation services.

How Will COVID-19 Impact the Market?

As
economies across the world apply stringent regulations on import and export of
products. The SQL server transformation market will witness a ripple effect of
the global economic slowdown. Projects and initiatives in the planning stage
have been put on-hold until the situation is clear to businesses across
industry verticals. However, once the coronavirus outbreak is in control, it is
expected that the demand for SQL server transformation will increase
considerably.

SMEs
have realized the benefits of effective and efficient data management services.
The shift to work from home (WFH) culture will create experiential demand for
SQL server transformation of existing databases. As companies have to share
sensitive documents to work efficiently, the adoption of SQL server
transformation will increase considerably after the COVID-19 outbreak is
contained.

Competitive Landscape

Competition
in the SQl server transformation market is driven by technology innovations
that increase data transmission speed and enhance security. Developing SQL
server transformation solutions for cloud-based use cases is a key
differentiating strategy adopted by organizations. Key players in the SQL
server transformation market are Oracle, Microsoft, SAP SE, IBM, Alphabet,
Amazon Web Services, Inc., Teradata, NuoDB, Inc., MemSQL, Inc., and Actian
Corporation.

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More
About the Report

The
FMI’s market research report of 324 pages offers comprehensive insights on the
SQL server transformation market. The market is analyzed on the basis of
enterprize size (large enterprises, and small enterprises), function (data
integration scripts, analytical queries, information revival, and others), use
case (business operations, and enterprise data warehousing), vertical (IT &
services, healthcare, financial services, education, retail, and construction),
across seven key regions (North America, Latin America, Europe, East Asia,
South Asia, Oceania, and MEA).

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