Press release
Open Database Connectivity (ODBC) Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
Open Database Connectivity ODBC Market
The surge in the adoption of cloud services is set to expedite the growth of the open database connectivity (ODBC) market. Cloud adoption can be defined as the strategic move carried out by companies to cut expenses, minimize risks, and attain scalability of database functionalities by employing cloud technologies to enhance their business operations. With an increased demand for cloud services, which are seen as a cost-effective substitute to traditional on-site infrastructures, the operational benefits these services offer make cloud computing an appealing and strategic decision for businesses of various sizes. ODBC encourages flawless database connectivity in the cloud, enabling applications to communicate with different cloud-based database management systems (DBMS) via a uniform interface. For example, in May 2023, the Office for National Statistics (ONS), a non-ministerial government department in the UK, stated that its budget expenditure on cloud-managed services amplified from 11% in 2022 to 25% in 2023, indicating a substantial transition towards the utilization of cloud infrastructure. Consequently, expanding cloud adoption is fueling the growth of the open database connectivity (ODBC) market.
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What Is the projected market size and growth rate for the open database connectivity (odbc) market?
The market for open database connectivity (ODBC) has experienced swift expansion in previous years. Its growth is predicted to catapult from a market size of $1.71 billion in 2024 to reach $2 billion in 2025, achieving a compound annual growth rate (CAGR) of 17.1%. The surge experienced during the historic period is driven by factors such as heightened data proliferation, enhanced compatibility across platforms, increased initiatives for data integration, the spread of IoT, and greater support from the open-source community.
Expectations are high for the Open Database Connectivity (ODBC) market to experience significant growth in the coming years, potentially reaching $3.76 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 17.0%. Factors that are expected to fuel this growth during the forecast period include big data emergence, compatibility with diverse databases, regulatory compliance, real-time data processing, and concerns about data security. Key trends expected to define the forecast period encompass advancements in data virtualization, performance optimization, integration with big data technologies, scalability enhancements, and assimilation with machine learning.
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What new trends are reshaping the open database connectivity (odbc) market and its opportunities?
Leading firms active in the open database connectivity market are focusing on creating customer-focused innovations like the ODBC driver to improve the smooth and effective data interaction across various database environments. This driver allows for data swap and communication between an application and a database by converting the application's ODBC calls into commands comprehensible to the specific DBMS. For example, in June 2023, Amazon Athena, a serverless, interactive analytics service provider based in the US, launched an upgraded ODBC driver aimed at enhancing the connectivity, querying, and visualization experiences for SQL development and business intelligence applications. This newly-revised version retains support for the existing features while making the upgrade process easier and introducing novel functionalities. Noteworthy is its ability to now facilitate user authentication via the AWS IAM Identity Center and provide flexibility to read query outcomes directly from Amazon S3, possibly accelerating the availability of query results.
What major market segments define the scope and growth of the open database connectivity (odbc) market?
The open database connectivity (ODBC) market covered in this report is segmented -
1) By Driver: Single-Tier ODBC Driver, Multi-Tier ODBC Driver
2) By Operating System: Windows, macOS, Linux, Other Operating Systems
3) By Deployment: Cloud, On-Premise
4) By Application: marketing And Collaboration, Big Data And NoSQL, File And Application Programming Interface (API), Accounting, E-Commerce, Other Applications
5) By End-User: Manufacturing, Banking, Financial Services, And Insurance (BFSI), Government, Information Technology (IT) And Telecommunications, Electronics, Healthcare, Automotive, Other End Users
Subsegments:
1) By Single-Tier ODBC Driver: Native ODBC Drivers, Application-Specific Drivers
2) By Multi-Tier ODBC Driver: Middleware ODBC Drivers, Network-Based ODBC Drivers
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Which region dominates the open database connectivity (odbc) market?
North America was the largest region in the open database connectivity (ODBC) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the open database connectivity (ODBC) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the open database connectivity (odbc) industry growth?
Major companies operating in the open database connectivity (ODBC) market are Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, SAP SE, Amazon Web Services Inc., SAS Institute Inc., Hitachi Vantara, Teradata Corporation, Databricks Inc., Snowflake Inc., Cloudera Inc., MongoDB Inc., Progress Software Corporation, insightsoftware, Redgate Software, MariaDB, Devart Lab Inc., CData Software Inc, FairCom Corporation, Delphin Technology AG, Actual Technologies LLC, eGenix.com Software GmbH, Easysoft Limited, OpenLink Software, NexusQA Pty Ltd.
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What Is Covered In The Open Database Connectivity (ODBC) Global Market Report?
•Market Size Forecast: Examine the open database connectivity (odbc) market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the open database connectivity (odbc) market for a structured understanding.
•Key Players Overview: Analyze major players in the open database connectivity (odbc) market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the open database connectivity (odbc) market.
•Segment Contributions: Evaluate how different segments drive overall growth in the open database connectivity (odbc) market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the open database connectivity (odbc) market.
•Industry Challenges: Identify potential risks and obstacles affecting the open database connectivity (odbc) market.
•Competitive Landscape: Review strategic developments in the open database connectivity (odbc) market, including expansions, agreements, and new product launches.
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