The operational database management market size is expected to reach USD 80.26 Billion in 2028 at a steady CAGR, according to latest analysis by Emergen Research. Major factors driving market revenue growth are increasing volume of digital data, rising requirement for more efficient data management solutions and systems, increasing number of SMEs in developing countries, availability of customized cloud infrastructure, and presence of relational and non-relational databases in hybrid models.
Operational database management system, also known as on line transaction processing databases or OLTP, helps users to modify or update data. It also allows changing, adding, or removing data from databases in real-time. Operational database management systems are widely deployed in BFSI, healthcare, government, and e-Commerce sectors. The BFSI segment accounted for largest revenue share in the global market in 2020. This can be attributed to increasing application of operational database management systems, rising need to manage large data volumes, and continuous increase in volume of digital data in the BFSI sector globally.
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The global Operational Database Management market consists of various segments, including product type outlook, application spectrum, end-user overview, leading regions, and the competitive analysis. The report further provides information regarding the value chain, emerging market sectors, and the technological advancements in the industry to benefit readers and businesses looking to invest in this industry.
Some Key Findings From the Report:
- In November 2020, Google launched its database migration service (DMS), which allows enterprise customers to transfer MySQL, PostgreSQL, and SQL server databases to Cloud SQL from on-premises or other clouds environments.
- Software segment is expected to register fastest CAGR among the component segments throughout the forecast period. This can be attributed to rising adoption of operational database management software in e-Commerce, BFSI, and IT sectors due to rising need for more efficient management of data volumes and databases.
- Asia Pacific is expected to register fastest revenue CAGR throughout the forecast period. Increasing number of SMEs and rising adoption of operational database management software and systems in the BFSI sector are key factors driving revenue growth of the market in this region.
Key Market Competitors Profiled in the Report:
SAP SE, Amazon Web Services, Google Inc., Microsoft Corporation, Fujitsu, MarkLogic, SingleStore, Oracle Corporation, MongoDB, and EnterpriseOB.
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The report emphasizes the demands and ongoing trends of the global Operational Database Management market, more importantly, across the major regions of the market. Additionally, our analysts have included SWOT analysis and Porter’s Five Forces analysis in the report to offer a better understanding of the competitive spectrum of this ever-evolving industry. Moreover, the report sheds light on the cutting-edge expansion strategies adopted by the market contenders, such as mergers & acquisitions, joint ventures, partnerships & collaborations, new product launches, and brand promotions.
For the purpose of this report, Emergen Research has segmented the global operational database management market based on component, deployment mode, application, end-use, and region:
Component Outlook (Revenue, USD Billion; 2018–2028)
- Software
- Hardware
Deployment mode Outlook (Revenue, USD Billion; 2018–2028)
- Cloud
- On-Premise
Application Outlook (Revenue: USD Billion; 2018–2028)
- Data Formatting
- Data Validation
- Error Tracking
End-Use Outlook (Revenue: USD Billion; 2018–2028)
- Government
- BFSI
- Healthcare
- Telecom
- Transportation
- E-commerce
- Others
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Major Geographies Covered in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
In addition, the competitive dynamics of the Operational Database Management market are evaluated in detail during the study. Current and future trends shaping the progress of the industry are evaluated during the study, which offers a review of the major technology trends expected to dominate the during the forecast period, The assessment report not only identifies but also anticipates and satisfies business owners’ questions pertaining to the dramatic shift in customer preferences, spending power and consumer demands worldwide. Along with this, import and export status, demand and supply, distribution channel, cost structure, gross margin and profits generated across different segments are thoroughly examined.
Target Audience of the Report:
- Leading Companies
- Large, medium-sized, and small enterprises
- Investors
- Value-Added Resellers (VARs)
- Venture capitalists
- Third-party knowledge providers
The global Operational Database Management market report evaluates the latest economic scenario in terms of value and volume. It highlights the key growth drivers, restraints, production capacity, demand & supply ratio, import/export status, growth rate, and other critical aspects. Additionally, the report also performs SWOT analysis, Porter’s Five Forces analysis, speculation attainability investigation, and venture return investigation.
Key Benefits of Buying the Global Operational Database Management Report:
- Comprehensive analysis of the changing competitive landscape
- Assists in decision making processes for the businesses along with detailed strategic planning methodologies
- The report offers an 8-year forecast and assessment of the Global Operational Database Management Market
- Helps in understanding the key product segments and their estimated growth rate
- In-depth analysis of market drivers, restraints, trends, and opportunities
- Comprehensive regional analysis of the Global Operational Database Management Market
- Extensive profiling of the key stakeholders of the business sphere
- Detailed analysis of the factors influencing the growth of the Global Operational Database Management Market
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend’s existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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