Operational Database Management Market Size, Share & Trends Analysis Report by Application (Data Formatting, Data Validation, Error Tracking), by Component (Hardware, Software), by Organization (Small, Medium, Large), by End-User (Government, Healthcare, Telecom), and Segment Forecasts, 2022-2030
The globaloperational database management market is projected to reach USD 79.6 Billion by 2030, from USD 28 Billion in 2022, at a CAGR of 6.70% during the forecast period. The increasing demand for real-time data analytics and the growing adoption of cloud-based operational database management solutions are the major factors driving the growth of the market.
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Operational database management (ODM) is a set of processes and procedures used to manage operational databases. ODM includes tasks such as data backup and recovery, performance tuning, security, and user access management.
Operational databases are databases that are used to store and manage data that is used to support day-to-day business operations. Operational databases are typically used for applications such as customer relationship management (CRM), enterprise resource planning (ERP), and supply chain management (SCM).
The increasing demand for real-time data analytics is one of the major factors driving the growth of the global operational database management market. Real-time data analytics is the process of analyzing data as it is being generated. This allows businesses to make faster and more informed decisions. Operational database management solutions provide the tools and infrastructure that businesses need to collect, store, and analyze real-time data.
The growing adoption of cloud-based operational database management solutions is another major factor driving the growth of the market. Cloud-based operational database management solutions offer a number of advantages over traditional on-premises solutions, such as lower cost, scalability, and ease of management.
The market for operational database management is segmented by application, component, organization size, end-user, and region.
By application, the market is segmented into data formatting, data validation, and error tracking. The data formatting segment is expected to be the largest segment of the market during the forecast period. This is due to the increasing demand for data formatting solutions that can help businesses to improve the quality and accuracy of their data.
By component, the market is segmented into hardware and software. The software segment is expected to be the largest segment of the market during the forecast period. This is due to the increasing demand for software solutions that can help businesses to manage their operational databases more effectively.
By organization size, the market is segmented into small, medium, and large enterprises. The large enterprises segment is expected to be the largest segment of the market during the forecast period. This is due to the increasing demand for operational database management solutions from large enterprises that have complex and demanding IT requirements.
By end-user, the market is segmented into government, healthcare, telecom, and others. The government segment is expected to be the largest segment of the market during the forecast period. This is due to the increasing demand for operational database management solutions from government agencies that need to store and manage large amounts of data.
The market for operational database management is expected to grow in the Asia Pacific region during the forecast period. This is due to the increasing adoption of cloud-based solutions and the growing demand for real-time data analytics in the region.
The major players in the global operational database management market are:
- Oracle Corporation (U.S.)
- IBM Corporation (U.S.)
- Neo Technologies (U.S.)
- MariaDB Corporation (Finland)
- Datastax Inc., (U.S.)
- MongoDB Inc., (U.S.)
- Microsoft Corporation (U.S.)
- InterSystems Corporation (U.S.)
- MarkLogic (U.S.)
- SAP SE (Germany)
- Aerospike Inc., (U.S.)
These players are adopting various strategies, such as product development, partnerships, and acquisitions, to expand their market share.
The operational database management market is a highly competitive market. The major players in the market are focusing on product development, partnerships, and acquisitions to expand their market share. The market is expected to grow at a significant rate during the forecast period.