Trends in Database Market

The global market for database management systems (DBMS) is estimated at nearly $63.1 billion for the year 2020 and is projected to reach $125.6 billion by 2026, growing at a Compound Anual Growth Rate (CAGR) of 12.4% over the period. 

The database market has taken different trends over the years. What are the new trends that are in front of us in future? Current Database Trends & Applications 2021  shows details about future trends and let us summarized those trends. 

1. SQL 

As we know, over the last couple of decades NoSQL technologies were emerging. However, according to this report, classical SQL is coming back. Further, new technologies which are called NewSQL ( Crochroche DB, Google Spanner ) are trying the exploit the features of both SQL and NoSQL technologies. Even newer machine learning-based offerings, such as MindDB’s ML framework and AWS Redshift ML, have incorporated SQL as the default querying language that clarifies this trend. 

2. ML Driven Databases

Machine learning is something that you cannot avoid. Since databases can hold a large volume of data, if a database has the in build ML capabilities, it can leverage the Predictive and Prescriptive analytics from the existing databases. 

Like SQL Server who has machine learning capabilities, there are new databases MindsDB and SingleStore that supporting machine learning capabilities.

3. Microservice Integration

Modern applications are moving towards Microservice. Database too needs to facilitate with this feature. The most notable NOSQL features MongoDB and AWS DynamoDB provide the schema flexibility, redundancy/scalability requirements, and serverless architecture pattern support required for microservices.

4. In-Memory Databases

Today mission-critical application needs high-performance databases. In-memory databases will cater for these requirements. SQL Server supports in-memory tables.

Though there are many other features, above mentioned features are important trending features. What do you think, what are the new features that you would like to see in your databases.