Press release
Time Series Databases Software Market is expected to reach USD 993.24 Million by the end of 2028 : Cognitive Market Research
Time Series Databases Software Market is expected to reach USD 993.24 Million by the end of 2028 : Cognitive Market Research
- Time-series data is a sequence of data points collected over time intervals, giving us the ability to track changes over time. Time-series data can track changes over milliseconds, days, or even years. Time-series databases are designed to store data that changes with time. This can be any kind of data which was collected over time. It might be metrics collected from some systems - all trending systems are examples of the time-series data. Time Series Databases (TSDB) are designed to store and analyze event data, time series, or time-stamped data, often streamed from IoT devices, and enables graphing, monitoring and analyzing changes over time. Time series databases allow businesses to store time-stamped data.A company may adopt a time series database if they need to monitor data in real time or if they are running applications that continuously produce data. Some examples of applications that product time series data include network or application performance monitoring (APM) software tools, sensor data from IoT devices, financial market data, and a number of security applications, among many others.
Market Insights:
• The Global Time Series Databases Software Market is expected to reach USD 993.24 Million by the end of 2028, growing at a CAGR of 18.36% between 2021 and 2028.
• The North America Time Series Databases Software market size is expected to reach USD 369.78 Million in 2028.
"To know more The Time Series Databases Software Market Insights click here: https://www.cognitivemarketresearch.com/time-series-databases-software-market-report
Market Drivers:
• Rise in automation in industry:
- Industrial sensors are a key part of factory automation and Industry 4.0. Motion, environmental and vibration sensors are used to monitor the health of equipment, from linear or angular positioning, tilt sensing, leveling, shock or fall detection. A Sensor is a device that identifies the progressions in electrical or physical or other quantities and in a way to deliver a yield as an affirmation of progress in the quantity. In simple terms, Industrial Automation Sensors are input devices which provide an output (signal) with respect to a specific physical quantity (input). In the industrial automation, sensors play a vital part to make the products intellectual and exceptionally automatic. These permit one to detect, analyze, measure and process a variety of transformations like alteration in position, length, height, exterior and dislocation that occurs in the Industrial manufacture sites.
• Restraints for Time Series Databases Software Market
- Network Security
• Opportunities for Time Series Databases Software Market
- IoT and time series database software:
Market Segmentation:
Application:
• BFSI
- BFSI refers to the banking, financial services, and insurance sector. It represents the companies that offer wide range of financial products and services such as core banking, retail, private, corporate, investment among the list. This sector is expected to have strong growth potential especially in developing countries.
• Manufacturing Industry
- Manufacturing refers to the production of goods in large quantities after the processing of raw materials into valuable products. There are various segments such as metal manufacturing, electronic manufacturing, food production, clothing and textile, industrial equipment manufacturing and many more.
• Healthcare Industry
• Energy and Utilities
Type:
• On-Premise
- On-Premise is the software and technology that is located within the area of enterprise such as company's data center as they cannot be operated on hosted servers or in the cloud. On-premise software is the traditional method for working with the organization software and it requires a license for each server or end user working with software.
• Cloud
- Cloud Based Computing is a technological process that has ability to host a software platform or service from remote location that can be freely accessed and used through internet. A cloud database is a database services which is built and accessed through a cloud platform.
End-user:
• Large Enterprises
• SME's
Get free sample pages of latest published Time Series Databases Software Report:
https://www.cognitivemarketresearch.com/time-series-databases-software-market-report#request_sample
Competitive Analysis for Time Series Databases Software Market:
Influxdata, Trendalyze, Amazon Timestream, Datastax, Prometheus, Quasardb, Warp 10, Influxdb, Kdb+, Actian X, Axibase Time Series Database, Others
DataStax, Inc.
DataStax, Inc. is the open multi-cloud stack for modern data apps. Company helps the organizations to deploy massive data, delivered via APIs, powering rich interactions on multi-cloud, open source and Kubernetes. The company offer various products such as Astra, Luna for Apache Cassandra™, Luna streaming and DataStax Enterprise.
NEWS:
• January 2021
- Datastax acquires Kesque as it gets into data streaming
Datastax acquired Kesque. Kesque is a cloud messaging service provider. With this acquisition the Datastax has enter into data streaming and launching its own Pulsar-based streaming platform by the name of Datastax Luna Streaming which is now generally available.
Related Report:
• Time Series Intelligence Software Market - https://www.cognitivemarketresearch.com/time-series-intelligence-software-market-report
• Time Series Analysis Software Market - https://www.cognitivemarketresearch.com/time-series-analysis-software-market-report
• Time-Sensitive Networking Market - https://www.cognitivemarketresearch.com/time-sensitive-networking-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
USA: +1 312-376-8303
Europe and UK: (+44) 20-8144-9523
Asia Pacific: (+852) 81930785
Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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