Operational Database Management Market Size [2021] | to Reach USD 80.26 Billion by 2028 with 5.2?GR
Research Reports
Feb 21, 2022
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.
Subject matter experts conducting the study also take a closer look at the products at their development stage and in the pipeline to help business owners conclude on the business strategies that can lower their cost and promise great returns or profits. Strong emphasis on new launches, acquisition and mergers, collaboration, import and export status and supply chain management empowers the business evangelists, manufacturers and business owners build a robust strategy when it comes to making an investment.
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. North America accounted for largest revenue share in the global market in 2020. Increasing investment in database management solutions, rapid developments in the e-Commerce sector, and robust presence of key vendors in countries in the region are some major factors driving revenue growth of the North America market.
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The competitive landscape section of the report talks about the recent advancements in the R&D and technologies undertaken by the prominent players, along with their strategic business expansion plans, product launches, and brand promotions. The report pays special attention to the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, agreements, corporate and government deals, and others adopted by the prominent players of the industry to expand their market presence and gain a substantial market position.
Based on the competitive landscape, the market report analyzes the key companies operating in the industry: SAP SE, Amazon Web Services, Google Inc., Microsoft Corporation, Fujitsu, MarkLogic, SingleStore, Oracle Corporation, MongoDB, and EnterpriseOB.
The global Operational Database Management market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Operational Database Management market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Operational Database Management market.
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.
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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The research study also offers insights into various regulatory frameworks and evaluates the growth of the industry in each key region of the world. The report also provides an assessment of the micro and macro-economic factors influencing the growth of the market in the mentioned regions. The global Operational Database Management market is segmented into the following based on the key regions of the world:
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)
The all-inclusive report on the Global Operational Database Management Market added by Emergen Research demonstrates that the global Operational Database Management market is presumed to grow at a steady CAGR throughout the forecast timeline. The report analyzed the key market drivers, restraints, growth opportunities, investment opportunities, threats, and limitations of the Operational Database Management market. The report also offers accurate forecast estimation at a global and regional level to impart a better understanding of the scope of the market.
Summary of the Global Operational Database Management Report:
Comprehensive analysis of the market including risks and opportunities
Details of business strategies and plans undertaken by key market players
Analysis of current and future trends that will affect the growth of the market in the forecast timeline
In-depth analysis of drivers and constraints for better understanding of the market
The report encompasses a detailed forecast for the years 2021-2028.
The report provides valuable insights on key market growth driving trends and monetary competence in the forecast timeline.
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