Operational Database Management Market is Expected to Reach USD 60 Billion by 2022

Pune, India, January 10, 2017 /MRFR Press Release/- Market Research Future published a half cooked research report on Operational Database Market. The global market for Operational Database is majorly driven by factors such as growing database by end user industries such as healthcare, government, energy, insurance, and financial services among others.

Market Highlights

Operational Database Management 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.

Operational Database Market

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 in the market of operational database  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.

Market Research Analysis:

Market Research Future Analysis shows that existence of major players like Oracle Corporation, in North America will lead this region to be the leader in operational database market. Advanced computer systems and computer models are also forecast to contribute to the growth of this market. APAC is also expected to record a growth in the forecast period owing to increasing adoption of operational database in sectors such as BFSI and healthcare which requires effective and efficient management of huge amount of data.