The Global Operational Database Management System (OPDBMS) market size is estimated at USD 35.51 billion in 2019 and is expected to reach USD 57.82 billion by 2030 with a CAGR of 4.5% from 2020- 2030.
The market is defined by non-relational and relational database management products that are suitable for traditional transactions used to support business processes. Operational database management systems are used to track, store and manage data in real time. Businesses can use operational database management systems to track and store products. In addition, operational database management systems allow companies to collect and analyze a large volume of data, including customer data, asset data, employee data, sales data and financial data, among others. Operational database management systems are widely used in the e-commerce industry to manage the procurement fulfillment process.
Access the full description of this report at:
Main companies: IBM Corporation, SAP SE, Amazon.com, Inc., Google Inc., Microsoft Corporation and Oracle Corporation
Market dynamics and trends
The increasing volume of data being generated by organizations is one of the major factors driving the growth of the Operational Database Management Systems Market today. The huge volume of data has led to a growing need for data security in all organizations. Organizations generating such a large amount of data are more prone to data breaches. As of March 2019, more than 1,900 data breaches have been reported worldwide, resulting in the disclosure of approximately 1.9 billion records. The data breach rate increased by over 50% in 2019 compared to 2018. Using a functioning database management system helps mitigate data breach issues to a large extent. In addition, the growing dependence on cloud-based systems is another major factor in the growth of the Operational Database Management Systems market across the globe. Scalability and cost-effectiveness have become a major concern for small and medium-sized businesses, due to which they have turned to implementing cloud-based systems.
However, the COVID-19 epidemic across the world has had a significant impact on businesses and pushed the majority of countries into recession. Developed countries such as the United States, Germany, the United Kingdom and France, among others, are unlikely to show a positive growth rate for their economies in the current year due to COVID-19. Sales of operational database management system software declined due to the economic recession that followed the epidemic. Organizations are refraining from investing in such systems at this time, due to the business downturn resulting in severe cash shortage.
Request a copy of this report from: –
Market segments and scope of the study:
The global operational database management systems market is segmented on the basis of hardware and software components. On the basis of deployment, the market has been segmented into on-premises and cloud, where the latter is expected to register the fastest growth during the forecast period. Based on the size of the organization, the market has been segmented into small and medium enterprises and large enterprises. Based on the application, the market has been segmented into data formatting, data validation, error tracking, and others. On the basis of end use industries, the market has been segmented into BFSI, Healthcare, Retail, Telecommunications, Aerospace & Defense, Logistics, and Others. Further, based on the region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.
North America is expected to maintain its position as the dominant region throughout the forecast period with the United States leading the market growth. The largest market for public cloud is the United States, spending approximately $ 125 billion in 2019. This would certainly benefit the growth of the Operational Database Management Systems market in the country over the years. future. Asia-Pacific is expected to register the fastest growth rate during the forecast period with China and India spearheading the market growth.
Phone number: + 1-217-650-7991
Email: [email protected]
About Next Move Strategy Consulting:
Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider committed to delivering high-quality market research reports that help multinational companies triumph over their competitors and to increase their footprint in the industry by capturing a larger market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analysis.
We have served more than 1,000 clients worldwide, 90% of which are Fortune 500 companies over a decade. Our analysts continuously monitor various high growth markets and identify hidden opportunities in each sector or industry. We provide one of the best quality unions in the industry as well as personalized research reports in 10 different verticals. We are committed to providing high quality search solutions based on your business needs. Our industry standard delivery solution that ranges from pre-consultation to after-sales service, provides a great customer experience and ensures good strategic decision-making for businesses.
For more information, please visit, https://www.nextmsc.com
This version was posted on openPR.