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Strong Growth Ahead: ODBC Market Size To Grow At Arecord 19.5% Cagr By 2029
ODBC Market Size
How Big Is the ODBC Market Size Expected to Be by 2034?
The size of the ODBC market has seen a fast-paced expansion in recent years. The market is projected to increase from $1.8 billion in 2024 to $2.16 billion in 2025 with a compound annual growth rate (CAGR) of 19.9% . The expansion observed during the historical period can be ascribed to the surge in Relational Databases, Cross-Platform Compatibility, Integration Necessities, the boom in Internet usage, and Regulatory Compliance requirements.
In the coming years, the ODBC market size is predicted to experience swift expansion, escalating to $4.4 billion in 2029 with a compound annual growth rate (CAGR) of 19.5%. The predicted growth during this period can be traced back to factors such as the rising adoption of the cloud, expansion of big data and analytics, integration of the internet of things, issues related to cybersecurity, and the advent of edge computing. Key trends for the forecast period encompass cloud integration, big data and analytics, alignment with IoT, ODBC optimization powered by AI, as well as hybrid and multi-cloud connectivity.
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What Are the Emerging Segments Within the ODBC Market?
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
Subsegments:
1) By Windows: ODBC Drivers For Windows Server, ODBC Drivers For Windows Desktop
2) By Macos: ODBC Drivers For Macos Versions, ODBC Drivers For Macos Applications
3) By Linux: ODBC Drivers For Various Linux Distributions, ODBC Drivers For Linux-Based Applications
4) By Other Operating Systems: ODBC Drivers For Unix-Based Systems, ODBC Drivers For Mobile Operating Systems, ODBC Drivers For Embedded Systems
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What Long-Term Drivers Are Shaping ODBC Market Trends?
The growth of the ODBC market is anticipated to be stimulated by the climbing adoption rates of cloud-based services. These services comprise of computing services which are transmitted via the internet from distant servers, opposed to being hosted on local servers or individual computers. Given the growing number of remote workers, cloud services are necessary providing a secure and convenient means of accessing work data and applications. Open database connectivity, or ODBC, is utilized in cloud-based services to facilitate applications to link to and interact with databases located in the cloud. This allows applications to exploit the advantages of cloud computing, whilst retaining a standardized and widely advocated interface for databases. In a survey conducted by AAG IT Support Service, a US digital transformation service provider in September 2022, about 63% of the 753 technical and business professionals surveyed reported heavy usage of cloud services in 2022, a rise from 59% the previous year. Consequently, the escalating adoption of cloud-based services is powering the expansion of the ODBC market.
Who Are the Top Competitors in Key ODBC Market Segments?
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
What ODBC Market Trends Are Gaining Traction Across Different Segments?
Leading businesses in the ODBC market are concentrating on creating novel solutions like open-source ODBC drivers to cater to the increasing need for ODBC. These software components play the role of an intermediary between the application and the DBMS, translating the application's requirements into instructions that the DBMS comprehends, and vice versa. For example, Amazon Web Services Inc., an American cloud service solutions firm, introduced an open-source ODBC driver in August 2023. This driver provides developers with a structured query language (SQL)-relational interface and facilitates connectivity from a variety of business intelligence (BI) tools. This enables applications like Excel, PowerBI, and JMP to integrate smoothly with Timestream's query engine, allowing for the analysis of vast quantities of time-series data. Accompanying the driver is comprehensive documentation outlining the setup process, driver installation, data source names configuration, and connection via a proxy.
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Which Regions Are Becoming Hubs for ODBC Market Innovation?
North America was the largest region in the ODBC market in 2024. 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the ODBC Market?
2. What is the CAGR expected in the ODBC Market?
3. What Are the Key Innovations Transforming the ODBC Industry?
4. Which Region Is Leading the ODBC Market?
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