According to Cognitive Market Research, The Global Database Engines market size is USD 1.5 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 25.50% from 2023 to 2030.
The demand for the database engine marketis rising due to theadvancements in Artificial Intelligence (AI) and Machine Learning (ML), technological progress, and the increasing volume of data.
Demand for storage engines remains higher in the database engines market.
The large enterprises category held the highest database engine market revenue share in 2023.
North America will continue to lead, whereas the Asia Pacific database engines market will experience the strongest growth until 2030.
