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Internet of Things (IoT) and analytics are likely to boost the Operational Database Market in coming years

01-10-2018 07:43 AM CET | Associations & Organizations

Press release from: Transparency Market Research

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Internet of Things (IoT) and analytics are likely to boost

A database is collection of data, organized in digital form. There are several databases available in the market which are differentiated based on their functions. Examples of such databases are document-oriented database, embedded database, graph database, hypertext database, operational database and distributed database. An operational database is a data warehouse, containing data related to an organization, which can be used to run the day to day operations and can generate huge amount of data related to customers, inventory, purchases, transactions and financials. The operational database can be easily modified depending upon the requirements and can store and supply information for ongoing calculations.

As technology advances, the need for more agile and prompt solutions is growing. Enterprises have also turned toward real-time information for more efficient and effective decision making. As operational databases meet these needs, they are expected to find sustained growth in the market during the coming years. Furthermore, they offer better integrity, reduced data repetition and independence from application programs. They are also cost efficient as compared to traditional databases. Additionally, these databases can be easily modified based on the business rules. There are numerous customizations offered by operational databases including data formatting, error tracking, and validation of data. Operational databases also allow multiple users to edit data simultaneously, which is an important factor driving the growth of operational database market.

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Databases are integration of complex hardware and software systems. Designing and development of databases is a complex undertaking. Building a suitable database architecture keeping in mind the future needs is very crucial for an organization. Additionally, the cost associated with customizing the database is high and may require frequent changes in the system making it difficult for small organizations to adopt these changes. Data breaches, security threats and reluctance of small and medium-sized enterprises to invest in IT systems are some of the factors hindering the growth of operational database market.

With growing understanding toward the importance of data for decision making, database providers are offering solutions which are intuitive in nature. Moreover, trends such as Internet of Things (IoT) and analytics are likely to boost the market for database in coming years. Emergence of database-as-a-service (DBaaS) is a key trend in database market.

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The key players in operational database market include Amazon Web Services, Oracle Corporation, Microsoft Corporation, IBM Corporation, SAP SE, EnterpriseDB Corporation, InterSystems Corporation, MarkLogic Corporation, MongoDB, Inc., DataStax, Inc., Cloudera Inc., and Redis Labs, Inc. Some additional players are Fijitsu Ltd., Couchbase Inc., MemSQL Inc., NuoDB Inc., MapR Technologies, Inc., and Altibase Corporation.

The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape.
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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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