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Key Trends Influencing the Growth of the Open Database Connectivity (ODBC) Market in 2025: Innovative Data Management Solutions In The Open Database Connectivity Market
Open Database Connectivity ODBC
What Is the Expected CAGR for the Open Database Connectivity (ODBC) Market Through 2025?
The market size of open database connectivity (ODBC) has witnessed a sharp rise in the preceding years. With an expansion from $1.71 billion in 2024 to a substantial $2 billion in 2025, it's expected to exhibit a compound annual growth rate (CAGR) of 17.1%. The growth during the past period is largely due to factors like the upsurge in data proliferation, enhanced compatibility across platforms, escalated initiatives for data integration, increasing presence of IoT, and amplified support from the open-source community.
What's the Projected Size of the Global Open Database Connectivity (ODBC) Market by 2029?
The market size of open database connectivity (ODBC) is projected to experience significant expansion in the coming years. It is expected to reach $3.76 billion by 2029, with a compound annual growth rate (CAGR) of 17.0%. Factors contributing to this growth include the emergence of big data, adaptability with numerous databases, regulatory compliance, instant data processing, along with data security issues. Future trends that are predicted to influence the growth include progression in data virtualization, performance enhancement, integration with big data technologies, scalability enhancements, and incorporation of machine learning.
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Top Growth Drivers in the Open Database Connectivity (ODBC) Industry: What's Accelerating the Market?
The growth of the Open Database Connectivity (ODBC) market is anticipated to be driven by an increase in cloud adoption. This refers to a strategic decision by businesses to employ cloud technologies in order to cut down expenses, minimize risks, and enhance their database capabilities, thereby improving their operations. With these services providing a more cost-effective substitute to conventional onsite infrastructure, and operational advantages making cloud computing an attractive, strategic option for enterprises of all sizes, there is a surge in demand. ODBC enables effortless database connectivity in the cloud, permitting applications to communicate with various cloud-based DBMS utilizing a standardized interface. For example, in May 2023, the Office for National Statistics (ONS), a UK-based non-ministerial government agency, reported an increase in its budget allocation for cloud-managed services from 11% in 2022 to 25% in 2023. This trend indicates a considerable move towards utilizing cloud infrastructure. Consequently, the growth of the ODBC market is being fueled by increasing cloud adoption.
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What Trends Will Shape the Open Database Connectivity (ODBC) Market Through 2029 and Beyond?
Leading firms in the open database connectivity market are focusing on customer-oriented innovations like the ODBC driver, to improve efficient and smooth data communication across varied database settings. This driver facilitates data interaction and communication between an application and a database by converting the application's ODBC requests into commands that the specific DBMS can interpret. For example, in June 2023, Amazon Athena, a serverless, interactive analytics service provider based in the US, unveiled an improved ODBC driver aimed at enhancing the SQL development and business intelligence applications' connectivity, querying, and visualization experience. The recently upgraded version continues to support the existing features while bringing in new functionalities. It provides a simple upgrade process. Importantly, it now offers user authentication through the AWS IAM Identity Center and allows the flexibility to directly read query results from Amazon S3, which could potentially speed up the provision of query results.
What Are the Main Segments in 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 Top Companies are Driving Growth in the Open Database Connectivity (ODBC) Market?
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.
Which Regions Will Dominate the Open Database Connectivity (ODBC) Market Through 2029?
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.
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