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Increasing volumes of digital data from various sectors and processes is a major factor boosting revenue growth of the operational database 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 steady CAGR, according to latest analysis by 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. 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.

The Operational Database Management Market Research Report is furnished with the latest information about product specifications and portfolio, technological advancement, product type, and manufacturing. Subject matter experts conducting the study also take a closer look at the products at their development stage and in the pipeline to help business owners conclude on the business strategies that can lower their cost and promise great returns or profits

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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.

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 The study churns out some real-time data and offers enough information on the estimated market size, growth, and share to the stakeholders, field marketing personnel and product owners planning to multiply profitability and reduce costs. Importantly, the market intelligence research dives deep into customer preferences, spending capacity and production volume with the aim to ensure unmatched customer delight. A thorough assessment of trends from the yesteryears and future discussed in the report can help business owners identify tweaks 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 precise information about pricing, capacity, value, gross revenue, and profit of the market. The primary aim of the report is to offer in depth details about market size, revenue growth and overall market dynamics to readers, stakeholders, companies to strengthen their share in the global Operational Database Management market. It also provides in depth information about key factors, restraints, limitations, challenges along with various market segmentations such as product type, application and regional bifurcation.

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For the purpose of this report, Emergen Research has segmented the global operational database management market based on component, deployment mode, application, end-use, and region:

Component Outlook (Revenue, USD Billion; 2018–2028)

Software

Hardware

Deployment mode Outlook (Revenue, USD Billion; 2018–2028)

Cloud

On-Premise

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

 The study segments the Operational Database Management industry in light of major classification such as product type, potential markets, application, and end-user. This industry assessment for the forecast period, 2021 – 2028 incorporates projections pertaining to the investment feasibility, gross margin, profits, consumption volume, production capability and major market vendors. Likewise, statistics associated with the competitive landscape, shifting consumer behaviour and spending power is showcased and well-explained with the help of treasured resources such as charts, graphs and graphic images, which can be easily incorporated in the business or corporate presentations.

Key point summary of the report:

The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.

It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.

The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.

It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the research report.

The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.

The report employs different analytical tools including, SWOT analysis, Porter’s five forces analysis, and pricing analysis, to give precise market information.

Regional Outlook of Operational Database Management Market:

North America

U.S.

Canada

Mexico

Europe

Germany

U.K.

Italy

France

BENELUX

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Rest of APAC

Latin America

Brazil

Rest of LATAM

Middle East & Africa

Saudi Arabia

U.A.E.

South Africa

Rest of MEA

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