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Operational Database Management System Market Trends till 2030 Detail Analysis focusing on Top Players

10-14-2021 05:58 AM CET | IT, New Media & Software

Press release from: Next Move Strategy Consulting

Operational Database Management System Market Trends till 2030

The Global Operational Database Management System (OPDBMS) Market size is estimated to be USD 35.51 billion in 2019 and is predicted to reach USD 57.82 billion by 2030 with a CAGR of 4.5% from 2020-2030.

The market is defined by the non-relational and relational database management products that are suitable with traditional transactions used to support business processes. Operational database management systems are used to track, store and manage real-time data. Companies can use operational database management systems to track and stock products. In addition, operational database management systems allow businesses to gather and analyze large volume of data including customer data, asset data, employee data, sales data and financial data among others. Operational database management systems are widely used in the e-commerce industry to manage the process of fulfilling purchases.

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https://www.nextmsc.com/report/operational-database-management-system-market

Top Companies: IBM Corporation, SAP S.E., Amazon.com, Inc., Google Inc., Microsoft Corporation, and Oracle Corporation

Market Dynamics and Trends

Growing volume of data being generated from organizations is one of the major factors pushing market growth of operational database management systems at present. Huge volume of data has led to the growing need for data security across organizations. Organizations generating such bulk amount of data are more prone to data breaches. As of March 2019, more than 1,900 data breaches were reported globally, resulted in approximately 1.9 billion records being exposed. Rate of data breach went up by more than 50% in 2019 as compared to 2018. The use of operational database management system helps in mitigating data breach issues to a great extent. Further, growing dependence on cloud-based systems is another major factor driving the growth of operational database management systems market across the globe. Scalability and cost effectiveness has become a major concern for small and medium enterprises, due to which they have shifted their focus towards the implementation of cloud based systems.

However, the outbreak of COVID-19 across the globe has had a significant impact on businesses and pushed majority of the countries towards recession. Developed nations such as the U.S., Germany, U.K. and France among others are unlikely to display a positive growth rate for their economies in the current year due to COVID-19. Sale of operational database management system software has gone down due to the economic recession that came along with the outbreak. Organizations are refraining themselves from investing in such systems for the time being, due to slowdown in businesses, resulting in severe cash crunch.

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Market Segmentations and Scope of the Study:

The global operational database management system market is segmented on the basis of component into hardware and software. Based on deployment, the market has been segmented into on-premise and cloud, where the latter is expected to garner the fastest growth during the forecast period. Based on organization size, the market has been segmented into small & medium enterprises and large enterprises. Based on application, the market has been segmented into data formatting, data validation, error tracking and others. Based on end-use industries, the market has been segmented into BFSI, Healthcare, Retail, Telecommunications, Aerospace & Defense, Logistics and Others. Further, based on region, the market has been segmented into North America, Europe, Asia Pacific and Rest of the World.

Geographical Analysis

North America is expected to retain its position as the dominant region throughout the forecast period, with the U.S. spearheading the growth of the market. The U.S. is the most prominent market for public cloud, with an approximate spending of USD 125 billion in 2019. This would certainly benefit the growth of operational database management systems market in the country in the coming years. Asia Pacific is expected to garner the fastest growth rate during the forecast period, with China and India spearheading the growth of the market.

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Phone Number: +1-217-650-7991
E-mail: info@nextmsc.com

About Next Move Strategy Consulting:

Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.

We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solution that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.

For more insights, please visit, https://www.nextmsc.com

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