Operational Database Market is expected to grow at CAGR of ~5% during the forecast period and expected to reach market size of USD ~60 billion by the end of forecast period. Operational database is expected to find sustained growth in the market during the forecast period due to technological advancement which lead to growth of instant solutions and extracting real-time information for more efficient and effective decision making. Operational database offers independence from application programs, better integrity and reduce data repetition.
Important factor driving the growth of operational database market is its ability to allow multiple users to edit data simultaneously. This database can be modified based on different business rules and they provide different customizations like data formatting, and data validation. The factors restricting the growth of operational database market are security threats, reluctance of small and medium-sized enterprises to invest in IT systems and data breaches.
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The global operational database market has been segmented on the basis of applications, components, organization size and end-users. The applications of operational database market comprises majorly of data formatting, data validation and error tracking among others. Components include complex hardware and software. The operational database market can be categorized by organization size as small, medium and large. Furthermore, the operational database management is serving various end-user industry including healthcare, government, energy, insurance, financial services, entertainment, education and telecom among others.
The prominent players of Operational Database Management Market 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.), Neo Technologies, Inc. (U.S.) MariaDB Corporation (Finland), Aerospike Inc. (U.S.) and Datastax Inc. (U.S.) among others.
North America is dominating the market of operational database owing to the presence of global players such as Oracle Corporation which is one of the leading firm in data base management system and thereby contributes majorly in growth of operational database. The major reasons contributing to increasing market share are development of advanced computer system and computer model. On the other hand, APAC is expected to grow in the forecast period due to increase in adoption of operational database in various sectors specifically in BFSI and healthcare, where a huge amount of data is to be maintained.
Study Objectives of Global Operational Database Market:
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global operational database market.
- To provide insights about factors affecting the market growth.
- To analyze the Global Operational database market based on porter’s five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segment by application, component, organization size and end-users.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global operational database market
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- Software distributors
- Software developers
- Service providers
- Cloud service providers
- DBMS solution providers
- Small & medium size businesses
- Industrial end users
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