Press release
Operational Database Management Market Growth - at a CAGR of 5.2%, Market Trend -Increasing number of SMEs in developing countries
Operational Database Management Market | 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.
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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.
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.
Component Outlook (Revenue, USD Billion; 2018-2028)
Software
Hardware
Deployment mode Outlook (Revenue, USD Billion; 2018-2028)
Cloud
On-Premise
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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
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., Others
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Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter's Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.
Detailed Regional Analysis covers:
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)
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.
Some major players operating in the global market are SAP SE, Amazon Web Services, Google Inc., Microsoft Corporation, Fujitsu, MarkLogic, SingleStore, Oracle Corporation, MongoDB, and EnterpriseOB.
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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