Scenario: You need to configure the connection pool for an application that requires multiple concurrent database connections. What factors should you consider while setting the connection pool parameters?

When configuring the connection pool for an application requiring multiple concurrent database connections, it's crucial to consider factors such as the maximum number of concurrent users accessing the application and the database server's capacity and limitations. These parameters help determine the optimal settings for the connection pool size to ensure adequate resources for all concurrent connections without overloading the database server.