Operational database management system, also known as OLTP - On Line Transaction Processing databases is used for managing rapidly increasing and changing data in real-time. The database allows to modify the data which includes add, change or delete data, doing it in real-time. In Operational database, all kinds of business information such as information about a business department, employees, proposals, and training status among others are stored in the database in real time.
As per the recent market forecast - “Global Operational Database Management Market”, published by The Market Research Future, the market for Operational Database is expected to reach to USD ~ 60 Billion globally, by 2022 with an estimated CAGR of ~5% during the Forecast period 2016 to 2022.
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The deep diving study report, presented through more than 100 market data tables and figures, widely spread over 100 pages also states that in 2016 the global market of Operational Database Management valued USD ~28 Billion which is further expected to reach USD ~ 60 Billion
Operational Database Management Global Market – Segments:
The Global Operational Database Management Market is segmented in to 4 dynamics for an enhanced understanding;
- Segmentation on the basis of Applications : Comprises - data formatting, data validation and error tracking among others.
- Segmentation on the basis of Components : Comprises - complex hardware and software.
- Segmentation on the basis of Organization Size : Comprises - Small, Medium and Large
- Segmentation on the basis of End User industry : Comprises-healthcare, government, energy, insurance, financial services, entertainment, education and telecom among others.
Operational Database Management Market – Synopsis & Scenario
Operational Database Management Industry is driven by the increasing demand of the cost-effective and flexible solutions in cloud along with features like elasticity, scalability and automated backup. Demand for operational database will increase in data depository of various organizations is becoming difficult to manage with the traditional approach. The demand of operational database is increasing across various industries such as healthcare, government, energy, insurance, financial services, entertainment, education and telecom among others. However, security & privacy concern among the users is one of the major restraints affecting the market growth.
Operational Database Management Global Market – Key Players
The prominent players active in the global market of operational database management and identified in the MRFR analysis 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.). Other prominent players of the market include - Neo Technologies, Inc. (U.S.) MariaDB Corporation (Finland), Aerospike Inc. (U.S.) and Datastax Inc. (U.S.) among others.
Operational Database Management Market – Regional Analysis
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 firms 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.
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