As per the recent market forecast – “Global Operational Database Management Market”, published by The Market Research Future, the market for Operational Database is expected to reach to USD ~ 60 Billion globally, by 2022 with an estimated CAGR of ~5% during the Forecast period 2020 to 2022.
The prominent players active in the global market of operational database management and identified in the MRFR analysis are – Oracle Corporation (U.S.), Microsoft Corporation (U.S.), SAP SE (Germany), IBM Corporation (U.S.), InterSystems Corporation (U.S.), MongoDB Inc. (U.S.), MarkLogic corp. (U.S.). Other prominent players of the market include – Neo Technologies, Inc. (U.S.) MariaDB Corporation (Finland), Aerospike Inc. (U.S.) and Datastax Inc. (U.S.) among others.
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Drivers and Restraints:
operational database management systems, which are also referred to as OLTP -On-Line Transaction Processing databases are deployed to manage rapidly increasing and altering data in real-time. The database allows modifying the data, which includes adding, alter, or delete data, doing it in real-time. In the Operational database, all kinds of business information such as information about a business department, proposals, employees, and training status among others are stored in the database in real-time. The operational database is a database that enables the user to access the data and manipulate it simultaneously. An operational database is independent of application programs, which eventually offer better integrity and reduce data repetition. It also allows the end-users to customize and format based on different verticals such as healthcare, banking &financial institution and many more. An operational database is widely used in a small and large enterprise which can be employed based on-premise and on the cloud. continuous evolving technology leads to the increase in a number of solution providers, and mining the real-time information enables the businesses to craft efficient decision processes are the major propelling factors for the operational database management market. On the other hand, a rise in the number of cyber-attacks and growing concern of security threats are anticipated to be restraining factors in the functional database management market. This market is fueled by the increasing demand for cost-effective and flexible solutions in the cloud along with features like scalability, elasticity, and automated backup. The need for the operational database will increase in the data depository of the various organization is becoming challenging to manage with the traditional approach. The demand for operational databases is growing across multiple industries such as healthcare, energy, government, financial services, insurance, education, entertainment, and telecom among others.
The Global Operational Database Management Market is segmented in to 4 dynamics for an enhanced understanding:
• Segmentation on the basis of Applications: Comprises – data formatting, data validation and error tracking among others.
• Segmentation on the basis of Components: Comprises – complex hardware and software.
• Segmentation on the basis of Organization Size: Comprises – Small, Medium and Large
• Segmentation on the basis of End User Industry: Comprises-healthcare, government, energy, insurance, financial services, entertainment, education and telecom among others.
The geographical analysis of the global market has been conducted in four major regions, namely the Asia Pacific, North America, Europe, and the rest of the world (including Latin America and the Middle East, and Africa.) North America is poised to lead the global operational database management market with the largest market share globally. The United States is presumed to be the leading country of the North America region. This is attributed to the presence of big IT giants such as Microsoft Corporation, IBM Corporation and Oracle Corporation which are continually working on database management market and enhancement of advancement of a computer model and system. Asia Pacific region is considered to be the fastest-growing region in the operational database management market owing to the increased adoption rate in the various industrial sector, such as the banking and healthcare sector. Currently, India is anticipated to be the brightest spot for the operational database management market due to raising the bar limit of Foreign Direct Investment (FDI).
Synopsis and Scenario:
This market is driven by the increasing demand of the cost-effective and flexible solutions in cloud along with features like elasticity, scalability and automated backup. Demand for operational database will increase in data depository of various organizations is becoming difficult to manage with the traditional approach. The demand of operational database is increasing across various industries such as healthcare, government, energy, insurance, financial services, entertainment, education and telecom among others. However, security & privacy concern among the users is one of the major restraints affecting the market growth.
Table of Content:
1 MARKET INTRODUCTION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY
2.1 RESEARCH NETWORK SOLUTION
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
2.4 FORECAST MODEL
2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST
2.4.2 MARKET SIZE ESTIMATION
3 MARKET DYNAMICS
3.2 MARKET DRIVERS
3.3 MARKET CHALLENGES
3.4 MARKET OPPORTUNITIES
3.5 MARKET RESTRAINTS
4 EXECUTIVE SUMMARY
Continued. . .
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