Open Database Connectivity Market Expected to Reach US$ 4.7 Billion by 2031 - CData Software, Inc, Devart, MariaDB.

The latest report published by DataM Intelligence highlights the growth prospects of Open Database Connectivity market. The industry expansion is majorly driven by developments in technology across the globe.

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Global Open Database Connectivity (ODBC) Market reached US$ 1.2 billion in 2022 and is expected to reach US$ 4.7 billion by 2031, growing with a CAGR of 19.1% during the forecast period 2024-2031.

The Open Database Connectivity (ODBC) market encompasses solutions that enable applications to access data from different database management systems through a common interface. It facilitates seamless integration across platforms and languages, enhancing interoperability. Market growth is driven by increasing demand for big data analytics and cloud computing. Enterprises are investing in data integration tools for real-time decision-making. Ongoing advancements in database technology and enterprise software support market expansion.

Competitive Evaluation:

Companies covered in this report are CData Software, Inc, Devart, MariaDB, Microsoft, Oracle, IBM Corporation, SAP, Databricks, Progress Software Corporatione and Skills and Services GmbH.

The Open Database Connectivity Market analysis identifies a number of major market players. It enables companies to understand the strategies and partnerships used by other industry players to combat market competition. The comprehensive market report provides a fascinating microscopic look at the market. Corporations can detect the footprints of manufacturers by learning about demand, the global price of manufacturers, and the global benefit of manufacturing companies.

Key Development

In April 2023, Amazon DocumentDB (with MongoDB compatibility) introduced a new ODBC connector, enabling seamless integration with Microsoft Excel and Power BI. This fully managed, highly scalable, and resilient database service is designed for mission-critical MongoDB workloads. With the new connector, users can now query and visualize data stored in Amazon DocumentDB directly from any application that supports ODBC acces.

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Open Database Connectivity Market Segments

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviors.

By Operating System: Windows, macOS, Linux, Others.

By Driver: Multi-Tier ODBC Driver, Single-Tier ODBC Driver.

By Deployment: Cloud, On-Premise.

By Application: Marketing and Collaboration, Big Data and NOSQL, File and API, Accounting, E-Commerce, Others.

By End-User: Manufacturing, BFSI, Government, IT and Telecommunication, Electronics, Healthcare, Automotive, Others.

Regional Assessment:

Regional analysis includes segmentation based on the geography that accentuates the recent and future demand for Open Database Connectivity market across North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The study also focuses on the demand for each application segment over all the prominent regions.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

In terms of geographical analysis, Open Database Connectivity Market report provides an in-depth view of:-

∎ Regional level break-up
∎ Leading growth rates
∎ Countries with the largest market share
∎ Market factors
∎ Latest developments
∎ Industry challenges
∎ Regulatory policies
∎ Player strategies

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This report provides a 360-degree synopsis of the competitive scenario of the Open Database Connectivity industry. It has enormous awareness joined to the ongoing item and technical improvements in the business sector. It has a thorough analysis of the impact of the potential future development of these headways, a wide-ranging review of those extensions available for future growth.

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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