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ODBC Market Size, Application, Material, Region And Growth Forecast To 2033
ODBC Market
The Business Research Company presents an extensive market research report on the ODBC Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The open database connectivity (ODBC) market size has grown exponentially in recent years. It will grow from $1.50 billion in 2023 to $1.80 billion in 2024 at a compound annual growth rate (CAGR) of 20.0%. The growth in the historic period can be attributed to Rise Of Relational Databases, Cross-Platform Compatibility, Integration Requirements, Internet Boom, and Regulatory Compliance.
The open database connectivity (ODBC) market size is expected to see rapid growth in the next few years. It will grow to $3.67 billion in 2028 at a compound annual growth rate (CAGR) of 19.5%. The growth in the forecast period can be attributed to increased cloud adoption, big data and analytics growth, internet of things integration, cybersecurity concerns, edge computing. Major trends in the forecast period include cloud integration, big data and analytics, integration with IoT, AI-driven ODBC optimization, hybrid and multi-cloud connectivity.
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Key Market Players:
Major companies operating in the odbc market report are Alphabet Inc , Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., Teradata Corporation, OpenLink Software, Databricks Inc., Tableau LLC, Snowflake Inc., MongoDB Inc., Cloudera Inc., Progress Software Corporation, FairCom Corporation, MariaDB Corporation Ab, Simba Technologies, Devart, Delphin Technology AG, actualtechnologies LLC, eGenix.com Software, CData Software Inc., Easysoft Limited, NexusQA Pty Ltd., Skills and Services GmbH
Market Drivers:
The increasing adoption of cloud-based services is expected to propel the growth of the ODBC market going forward. Cloud-based services refer to computing services delivered over the internet from remote servers rather than being hosted on local servers or personal computers. As more people working remotely, cloud services are required to offer a convenient and secure way to access work data and applications. Open database connectivity (ODBC) is used in cloud-based services to enable applications to connect to and interact with databases hosted in the cloud, allowing applications to leverage the benefits of cloud computing while maintaining a standardized and widely supported interface for databases. For instance, in September 2022, according to survey of 753 technical and business professionals by the AAG IT Support Service, a US-based digital transformation service provider, around 63% of respondents reported heavy usage of cloud services in 2022, marking an increase from 59% in 2021 and 53% in 2020. Therefore, the increasing adoption of cloud-based services is driving the growth of the ODBC market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/odbc-global-market-report
The odbc market covered in this report is segmented -
1) By Operating System: Windows, macOS, Linux, Other Operating Systems
2) By Deployment: Cloud, On-Premise
3) By Application: Marketing And Collaboration, Big Data And NOSQL, Customer Relationship Management (CRM) And Enterprise Resource Planning (ERP), File And Application Programming Interface (API), Accounting, E-Commerce, Relational Database Management System (RDBMS)
4) By End-User: Manufacturing, Banking, Financial Services, And Insurance, Government, Information Technology and Telecommunication, Electronics, Healthcare, Automotive, Other End Users
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