According to the most recent report by Emergent Research, the global Structured Query Language (SQL) server transformation market size reached USD 12.42 billion in 2021 and is anticipated to post a revenue CAGR of 9.4% over the projected period. One of the main factors propelling market revenue growth is the rising need for SQL server transformation in end-use industries including retail, IT, and the banking, financial services, and insurance (BFSI) sectors. Demand for SQL server transformation is being driven by these industries’ rapidly growing data volumes. Data organization is improved with the aid of data transformation services for SQL servers. Data transformation facilitates simpler data processing. Applications are shielded from potential problems such as unanticipated duplication, null values, incompatible formats, and erroneous indexing by having well-formatted and validated data.
The system, application, and data type compatibility are improved via SQL server data transformation. Additionally, the growing demand for SQL server transformation is driving developer firms to introduce more modern technology. Microsoft, for example, announced the release of SQL Server 2022 on May 24, 2022, which includes several new features with security and upgrades. The new SQL server also integrates with Microsoft Purview and Azure Synapse Link to offer customers deeper governance and insights from their data farms.
To improve the efficiency of corporate operations, the Internet of Things (IoT) is rapidly gaining ground across a variety of industrial sectors. IoT connections climbed by 8% in 2021 compared to the previous year, according to studies. 43 billion IoT-capable devices are anticipated to be in use worldwide by 2023. IoT technology implementation has also been aided by the growing use of smart devices. Due to the development of new sensors, more computer power, and improved network connectivity, it is anticipated that investments in the IoT will rise dramatically. Data volumes are increasing as a result of the use of IoT in a variety of industries, which is anticipated to increase demand for SQL and support market revenue growth.
Some Key Highlights From the Report:
Due to the high implementation rate of this technology among businesses, the data integration scripts category held the greatest revenue share in the worldwide SQL server transformation market in 2021. Through file copying or downloading, data warehouse loading, data cleaning, and mining, and SQL server object management, SQL is utilized to address complicated business challenges. Data integration scripts improve organizational operations and the decision-making process in businesses.
Revenue in the enterprise data warehousing segment is anticipated to grow steadily during the projected period due to an increase in the need among businesses for large amounts of data storage. Enterprise data warehousing is a process for keeping corporation customer data and other business data in a relational data warehouse. Additionally, it is a crucial step for big data solutions. Organizations can conduct fast data analytics by importing massive data into SQL data warehouses.
Due to the widespread use of cutting-edge technologies and devices and the resulting strong need for data management solutions, the SQL server transformation market in North America accounted for the greatest revenue share in 2021. High demand for SQL server transformation is being driven by multinational organizations’ increasing need to manage enormous volumes of data in nations around the region.
Oracle Corporation, IBM Corporation, NuoDB Inc., Microsoft Corporation, Alphabet Inc., SingleStore Inc., Teradata Corporation, Actian Corporation, SAP SE, and Amazon Web Services Inc. are a few of the prominent firms mentioned in the market study.
On October 23, 2020, SolarWinds, a U.S.-based software company that provides IT management software solutions, announced that it had signed a partnership agreement for the acquisition of SentryOne, a company that provides DataOps solutions and database performance monitoring on platforms like SQL Server among others.
Emergen Research has segmented the global SQL server transformation market based on function type, application, organization size, industry vertical, and region:
Function Type Outlook (Revenue, USD Billion; 2019-2030)
- Data Integration Scripts
- Information Retrieval
- Analytical Queries
Application Outlook (Revenue, USD Billion; 2019-2030)
- Enterprise Data Warehousing
- Business Operations
Organization Size Outlook (Revenue, USD Billion; 2019-2030)
- Small & Medium-sized Enterprises
- Large Enterprises
Industry Vertical Outlook (Revenue, USD Billion; 2019-2030)
- Informational Technology
Regional Outlook (Revenue, USD Billion; 2019-2030)
- North America
- the U.S.
- the U.K.
- Rest of Europe
- the Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- North America
To know more: Visit Us