Rising volumes of digital data from various industries and processes is a major factor driving the revenue growth of Database Operational Management market
VANCOUVER, BC, CANADA, April 23, 2022 /EINPresswire.com/ — The operational database management market size is expected to reach USD 80.26 billion in 2028 at a stable CAGR, according to the latest analysis from Emergen Research . The major drivers of market revenue growth are increasing volume of digital data, increasing requirement for more efficient data management solutions and systems, increasing number of SMEs in developing countries, availability of custom cloud infrastructure and the presence of relational and non-relational databases in hybrid models. .
Operational database management system, also known as online transaction processing or OLTP databases, helps users modify or update data. It also allows modifying, adding or deleting data from databases in real time. Operational database management systems are widely deployed in the BFSI, healthcare, government, and e-commerce industries. The BFSI segment accounted for the largest revenue share in the global market in 2020. This can be attributed to the growing application of operational database management systems, growing need to manage large volumes of data, and the continued increase in the volume of digital data in the BFSI sector globally.
The Operational Database Management market research report contains the latest information about product specifications and portfolio, technological advancement, product type and manufacturing. The subject matter experts conducting the study also take a closer look at the products in their development stage and in the pipeline to help business owners conclude on the business strategies that can lower their costs and promise great returns. or profits.
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Main findings of the report
In November 2020, Google launched its Database Migration Service (DMS), which allows enterprise customers to migrate MySQL, PostgreSQL, and SQL server databases to Cloud SQL from on-premises environments or from other cloud environments.
The software segment is expected to register the fastest CAGR among the component segments throughout the forecast period. This can be attributed to the growing adoption of operational database management software in the e-commerce, BFSI and IT industries due to the growing need for more efficient management of data volumes and data base.
The Asia-Pacific region is expected to register the fastest revenue CAGR throughout the forecast period. Growing number of SMEs and rising adoption of operational database management software and systems in the BFSI sector are key factors driving the market revenue growth in this region.
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The study produces real-time data and offers ample insights about the estimated market size, growth, and share to stakeholders, field marketing personnel, and product owners who plan to multiply profitability and to reduce costs. Importantly, market intelligence research dives deep into customer preferences, spending capacity, and production volume with the aim of ensuring unparalleled customer delight. A thorough assessment of the past and future trends discussed in the report can help business owners identify any adjustments that might be needed to the existing business strategy.
The report covers the following companies: SAP SE, Amazon Web Services, Google Inc., Microsoft Corporation, Fujitsu, MarkLogic, SingleStore, Oracle Corporation, MongoDB and EnterpriseOB.
The report offers accurate information about market price, capacity, value, gross revenue and profit. The main objective of the report is to offer in-depth details about market size, revenue growth and overall market dynamics to readers, stakeholders and businesses to enhance their share in the global management market operational database. It also provides detailed information regarding key drivers, restraints, limitations, challenges along with various market segmentations such as product type, application and regional bifurcation.
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For the purposes of this report, Emergen Research has segmented the global operational database management market based on component, deployment mode, application, end-use, and region:
Components Outlook (Revenue, USD Billion; 2018-2028)
Outlook Deployment Mode (Revenue, USD Billion; 2018-2028)
On the site
Application Outlook (Revenue: USD Billion; 2018-2028)
End-Use Outlook (Revenue: USD Billion; 2018-2028)
The study segments the Operational Database Management industry on the basis of major classifications such as product type, potential markets, application, and end-user. This assessment of the industry for the forecast period 2021-2028 incorporates projections relating to investment feasibility, gross margin, profit, consumption volume, production capacity and major market vendors. . Likewise, the statistics associated with the competitive landscape, the evolution of consumer behavior and purchasing power are presented and well explained using valuable resources such as tables, graphs and graphic images, which can be easily incorporated into business or corporate presentations.
Summary of key points from the report:
The report offers a comprehensive overview of the market size, share, and growth rate over the forecast duration.
It provides details of the current scenario, historical data, giving an accurate forecast of the market for the coming years.
The study categorizes the market based on product types, applications, end users, market value and volume, industry verticals, and 5 major regions.
It also offers regional market analysis and forecasts for the major geographies of the industry i.e. North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. .
Industry supply chain, sourcing strategy, upstream raw materials and downstream demand analysis have also been undertaken in the research report.
The study offers a comprehensive understanding of demand and supply dynamics, including production and consumption rates, and overall market mapping.
The report uses different analytical tools including SWOT analysis, Porter’s five forces analysis, and price analysis to provide accurate market insights.
Operational Database Management Market Regional Outlook:
The rest of Europe
Rest of APAC
Rest of LATAM
Middle East and Africa
United Arab Emirates
Rest of MEA
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