Market
Highlights
The
operational database is a database which enables the user to access the data
and manipulate it simultaneously. Operational database is independent of
application programs which eventually offers better integrity and reduce the
data repetition. It also allows the end users to customise and format based on
different verticals such as healthcare, banking &financial institution and
many more. Operational database are widely used in small and large enterprise
which can be employed based on premise and on cloud. Constant evolving
technology leads to the increase in number of solution providers and mining the
real-time information enables the businesses to craft effective decision process are the major
propelling factors for the operational database management market. However,
increase in number of cyber-attacks and growing concern of security threats are
anticipated to be restraining factors the operational database management
market.
Market
Research Future (MRFR) presumes the global operational database
management market to reach USD 60 billion at a CAGR of
5% from 2016 to 2022 (forecast period).
The
COVID-19 pandemic has a massive impact on people's lifestyles all over the
world. Each business must confront the conflict on two fronts, well-being and
financial, and must bear the season of a limited downturn. With the global
monetary downturn amounting to trillions of dollars, speculation abounds that
the recovery cycle will be completed much sooner than expected one year from
now. The only way out of this tangle is to strategize around this pandemic
interruption.
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Segmentation:
Segmentation by Applications: Data Formatting, Data Validation and
Error Tracking.
Segmentation by Components: Hardware and Software.
Segmentation by Deployment: On-Premise and Cloud.
Segmentation by Organization Size: Small & Medium Enterprise
and Large Enterprise.
Segmentation by End-users: Healthcare, Government, Energy,
Banking, Insurance &Financial Services, Entertainment, Education, and
Telecom
Segmentation
by Region: North America, Europe, Asia Pacific, Latin America, Middle East
& Africa
Regional
Analysis
By region, the global operational database management market has
been segmented into North America, Europe, Asia Pacific, and the rest of the
world.
Because of the involvement of global companies, North America
dominates the market of operational information base. Oracle Corporation, for
example, one of the major firms in the information base administration
framework, makes important contributions to the growth of the operational data
set. The advancement of the cutting-edge PC framework and the PC model are
significant factors contributing to the overall industry's expansion. However,
because of the expansion in operational data appropriation in various fields,
specifically in BFSI and medical services, APAC is expected to fill in the
projected time frame. A massive amount of information must be kept up to date.
Key Players
Oracle Corporation (U.S.), Datastax Inc. (U.S.), Neo Technologies,
Inc. (U.S.), MongoDB Inc. (U.S.), IBM Corporation (U.S.), Microsoft Corporation
(U.S.), Aerospike Inc. (U.S.), InterSystems Corporation (U.S.), SAP SE
(Germany), MarkLogic corp. (U.S.), MariaDB Corporation (Finland).
Summary
The
global operational database management market is set to reach USD 60 billion at
a CAGR of 5% from 2016 to 2022 (forecast period). The operational database
management industry’ significant growth drivers include information blasts as a
result of the emergence of IoT-enabled gadgets, expanding need for measurement
and activity streamlining and control, selection of cutting-edge information
the board procedures, and expanding focus on the market and serious knowledge.
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