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ODBC Market Trends That Will Shape the Next Decade: Insights from Technological Innovations And Open-Source ODBC Drivers Shape Market Dynamics
ODBC
How Large Will the ODBC Market Size By 2025?
The expansion of the ODBC market has seen a swift surge in recent years. With an anticipated growth from $1.8 billion in 2024 to $2.16 billion in 2025, the compound annual growth rate (CAGR) stands at 19.9%. The substantial growth in the historic period is a result of several factors including the Emergence of Relational Databases, Compatibility across various Platforms, Integration necessities, the Internet Boom, and Regulatory Compliance requirements.
How Big Is the ODBC Market Size Expected to Grow by 2029?
Predictions suggest that the ODBC market size is set to experience a swift expansion in the coming years, reaching a total market value of $4.4 billion by 2029, thanks to a compound annual growth rate (CAGR) of 19.5%. This accelerated growth throughout the forecast period can be traced back to factors such as the growing adoption of the cloud, burgeoning big data and analytics, integration of the internet of things, increasing concerns over cybersecurity, and burgeoning edge computing. Key trends expected to dominate this forecast period are the integration with the cloud, big data and analytics, assimilation with IoT, AI driven ODBC enhancement, along with hybrid and multi-cloud connectivity.
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Which Key Market Drivers Powering ODBC Market Expansion and Growth?
The growth of the ODBC market is expected to be driven by the rising usage of cloud-based services. These are computing services that are delivered via the internet from distant servers instead of being hosted on local ones or computers. As remote working becomes more common, cloud services provide a secure and convenient method for accessing work data and applications. Open Database Connectivity (ODBC) is employed in cloud-based services to allow applications to connect with and engage with databases hosted in the cloud. This offers applications the advantage of utilizing cloud computing while still maintaining a standardized and widely supported interface for databases. For example, a survey conducted by AAG IT Support Service, a digital transformation service provider in the US, reveals an increased usage of cloud services from 59% in 2021 to 63% in 2022 among 753 technical and business professionals. Consequently, the growth of the ODBC market is being fueled by the increased take-up of cloud-based services.
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Which Fast-Growing Trends Are Poised to Disrupt the ODBC Market?
In the ODBC market, key players are focusing their efforts on creating innovative solutions like open-source ODBC drivers in response to the rising demand for ODBC. These software components perform a translation function between the application and the DBMS, turning the application's requests into language that the DBMS can comprehend and vice versa. Take for example, in August 2023, Amazon Web Services Inc., a cloud service solutions company based in the US, launched its own open-source ODBC driver. This driver provides developers with an SQL-relational interface and enables connectivity from various BI tools. It thus creates a seamless integration between applications, including Excel, PowerBI, and JMP, and Timestream's query engine, propelling the analysis of large time-series data. Instructions for setting up access, driver installation, data source names configuration, and proxy connection are included with this driver.
What Are the Emerging Segments in 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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Who Are the Global Leaders in the ODBC Market?
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
Which are the Top Profitable Regional Markets for the ODBC Industry?
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.
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