New Delhi, Sep 18 (UNI) Oracle India today said its global sales in database is to the tune of seven billion dollars, with a 15 per cent growth rate.
Oracle currently holds 49 per cent market share of the database segment.
Oracle India Vice President (Technology Sales) SPS Grover, while announcing the availibility of Database 11g, said that high sales in India and China have led to almost simultaneous releases of the technology in the US and these regions.
''The Database 11g will substantially reduce the total cost of ownership for customers,'' Mr Grover said Over 50 Oracle partners have been enabled to implement the new Oracle Database 11g in the country, including HCL Technologies Ltd, Infosys Technologies Ltd, Satyam Computer Services Ltd, Tata Consultancy Services and Wipro Ltd.
''Market expansion and revenue growth for Oracle partners who are leveraging Oracle Database 11g to expand their business will now be possible,'' said Mr Grover.
Oracle Database 11g, which was announced globally in July 2007 and available on Linux operating systems since August 15, 2007, has undergone 15 million test hours and 36,000 person-months of development.
''Over 80 per cent of our business in India is managed through our partners. Enabling our partners to implement the latest version of our database is key to the adoption of Oracle Database 11g in the country,'' said Mr Grover.
Organisations that manage very high volumes of data require self-managing databases, which can be upgraded with minimal disruption.
Financial services, communications and government organisations in India, which have to surmount a large number of security and compliance issues, will benefit immensely from the new features and functionality of Oracle Database 11g, he added.
Wipro Infotech had participated as a pioneer partner of Oracle in beta testing of the Oracle Database 11g product.
Oracle now expects Punjab National Bank, HDFC Bank, ICICI Bank, BSNL and Tata among others as the potential early adopters for its Database 11g.