Press release
ODBC Market Growth Outlook Through 2024-2033.
ODBC Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $3.67 billion In 2028 At A CAGR Of 19.5% :
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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ODBC Market Major Segments
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
Key Driver - Cloud-Based Services Drive Growth in the ODBC Market
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.
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Prominent Trend - Technological Innovations And Open-Source ODBC Drivers Shape Market Dynamics
Major companies operating in the ODBC market are focusing on developing innovative solutions such as open-source ODBC drivers to meet the growing demand for ODBC. These software components acts as a translator between the application and the DBMS, converting the application's requests into commands that the DBMS can understand and vice versa. For instance, in August 2023, Amazon Web Services Inc., a US-based cloud service solutions company, launched an open-source ODBC driver that provides a structured query language (SQL)-relational interface for developers and enables connectivity from various business intelligence (BI) tools. The driver allows applications such as excel, powerBI, and JMP to seamlessly integrate with Timestream's query engine, facilitating the analysis of large amounts of time-series data. This driver comes with detailed documentation for setting up access, installing the driver, configuring data source names, and connecting through a proxy.
ODBC 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
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Largest And Fastest Growing Region In The Market
North America was the largest region in the ODBC market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the odbc market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. ODBC Market Report Structure
3. ODBC Market Trends And Strategies
4. ODBC Market - Macro Economic Scenario
5. ODBC Market Size And Growth
…..
27. ODBC Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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