Increasing amounts of digital data from different sectors and processes are a major factor behind the revenue growth of Operational Database Management market
VANCOUVER, BC, CANADA, April 23, 2022 /EINPresswire.com/ — According to the latest analysis from Emergen Research, the operational database management market is expected to reach $80.26 billion in 2028 at a steady CAGR. Key factors driving the revenue growth of the market are the increasing volume of digital data, the increasing need for more efficient data management solutions and systems, the increasing number of SMEs in developing countries, the availability of customized cloud infrastructure, and the presence of relational and non-relational databases in hybrid models.
An operational database management system, also known as online transaction processing databases or OLTP, helps users to change or update data. It also allows changing, adding or removing data from databases in real-time. Operational database management systems are widely used in BFSI, healthcare, government, and e-commerce. The BFSI segment accounted for the largest revenue share in the global market in 2020. This is due to the increasing application of operational database management systems, the increasing need to manage large amounts of data and the continuous increase in the volume of digital data in the BFSI sector worldwide.
Operational Database Management Market research report provides the latest information on product specification 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 stages and in the pipeline to help business owners infer the business strategies that can reduce their costs and promise great returns or profits
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Key takeaways from the report
In November 2020, Google introduced its Database Migration Service (DMS), which enables enterprise customers to migrate MySQL, PostgreSQL, and SQL Server databases from on-premises or other cloud environments to Cloud SQL.
The software segment is expected to register the fastest CAGR among the component segments throughout the forecast period. This is due to the increasing adoption of operational database management software in e-commerce, BFSI and IT sectors as the need to manage datasets and databases more efficiently increases.
Asia-Pacific is expected to register the fastest CAGR in sales throughout the forecast period. The increasing number of SMEs and increasing adoption of operational database management software and systems in the BFSI sector are key factors behind the revenue growth of the market in this region.
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The study provides some real-time data and offers enough information about the estimated market size, growth and share to the stakeholders, field marketing personnel and product owners who are planning to multiply profitability and reduce costs. Importantly, market research dives deep into customer preferences, purchasing capacity and production volume to ensure unmatched customer satisfaction. A thorough assessment of the past and future trends discussed in the report can help business owners identify tweaks that may 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 provides accurate information on market pricing, capacity, value, gross sales and profit. The main objective of the report is to provide readers, stakeholders and companies with detailed information about the market size, revenue growth and general market dynamics in order to strengthen their share in the global Operational Database Management market. It also provides detailed information about key factors, restraints, restraints, and challenges along with various market segmentation such as product type, application, and regional breakdown.
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For the purposes of this report, Emergen Research has segmented the global operational database management market by component, deployment mode, application, end use, and region:
Components Outlook (Revenue, $Bn; 2018-2028)
Outlook Deployment Mode (Revenue, $Bn; 2018-2028)
Application Outlook (Revenue: USD bn; 2018-2028)
End Use Outlook (Revenue: USD bn; 2018-2028)
The study segments Operational Database Management industry on the basis of main classification such as product type, potential markets, application and end-user. This industry assessment for the forecast period 2021-2028 includes forecasts in terms of investment feasibility, gross margin, profits, consumption volume, production capacity, and key market vendors. Likewise, statistics related to the competitive landscape, changing consumer behavior, and purchasing power are presented and well explained with the help of valuable resources such as charts, graphs, and graphs that can be easily incorporated into business or corporate presentations.
Summary of the main points of the report:
The report provides a comprehensive overview of the market size, share and growth rate in the forecast duration.
It provides details on the current scenario, historical data and gives an accurate market forecast for the coming years.
The study categorizes the market based on product types, applications, end users, market value and volume, line of business, and 5 major regions.
It also provides regional market analysis and forecasts for prominent regions in the industry namely North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
The industry supply chain, sourcing strategy, upstream raw materials and downstream needs analysis were also carried out in the research report.
The study provides a comprehensive understanding of demand and supply dynamics, including production and consumption rates, and a mapping of the overall market.
The report uses various analytical tools including SWOT analysis, Porter’s five forces analysis and price analysis to provide accurate market information.
Regional Outlook of Operational Database Management Market:
rest of Europe
Rest of APAC
Rest of LATAM
Middle East & Africa
Rest of MEA
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