ODBC Market Size, Growth, Analysis, Demand And Forecast 2033

The new report published by The Business Research Company, titled "" ODBC Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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 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%.

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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.

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.

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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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

Contents of the report:
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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