The open database connectivity (odbc) global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Open Database Connectivity (ODBC) Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The open database connectivity (ODBC) market size has grown rapidly in recent years. It will grow from $1.46 billion in 2023 to $1.71 billion in 2024 at a compound annual growth rate (CAGR) of 17.4%. The growth in the historic period can be attributed to increased data proliferation, increased cross-platform compatibility, increased data integration initiatives, IoT proliferation, increased open-source community support.
The open database connectivity (ODBC) market size is expected to see rapid growth) in the next few years. It will grow to $3.20 billion in 2028 at a compound annual growth rate (CAGR) of 17.0%. The growth in the forecast period can be attributed to rise of big data, compatibility with multiple databases, regulatory compliance, real-time data processing, data security concerns. Major trends in the forecast period include advancements in data virtualization, performance optimization, integration with big data technologies, scalability improvements, machine learning integration.
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Scope Of Open Database Connectivity (ODBC) Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Open Database Connectivity (ODBC) Market Overview
Market Drivers –
Rising cloud adoption is expected to propel the growth of the open database connectivity (ODBC) market going forward. Cloud adoption refers to the strategic move by organizations to reduce costs, mitigate risks, and achieve scalability of database capabilities by using cloud technologies to improve the way they do business. The demand for cloud services is increasing as these services offer a cost-effective alternative to traditional on-premises infrastructure with operational benefits that make cloud computing an attractive and strategic choice for businesses of all sizes. ODBC facilitates seamless database connectivity in the cloud, allowing applications to interact with various cloud-based database management systems (DBMS) using a standardized interface. For instance, in December 2023, according to Eurostat, a Europe-based intergovernmental organization, cloud computing services for accessing software, processing power, storage capacity, and other resources were acquired by 45.2% of EU businesses. The rise from 2021 to 4.2 percentage points (pp) Therefore, rising cloud adoption is driving the growth of the open database connectivity (ODBC) market.
Market Trends –
Major companies operating in the open database connectivity market are developing customer-centric innovations, such as the ODBC driver, to enhance seamless and efficient data interaction across diverse database environments. It enables communication and data exchange between an application and a database by translating the application’s ODBC calls into commands that the particular DBMS can understand. For instance, in June 2023, Amazon Athena, a US-based serverless, interactive analytics service provider, introduced an enhanced ODBC driver designed to elevate the connectivity, querying, and visualization experience for SQL development and business intelligence applications. This updated version maintains support for existing features, offers a straightforward upgrade process, and introduces new functionalities. Notably, it now enables user authentication through the AWS IAM Identity Center and provides the flexibility to read query results directly from Amazon S3, potentially expediting the availability of query results.
The aerospace support and auxiliary equipment market covered in this report is segmented –
1) By Type: Commercial Radars, Satellites
2) By Ownership: Public, Private
3) By Platform: Airborne, Land, Naval, Space
Subsegments Covered: Continuous Waveform, Pulse Waveform, Large Satellite, Mini Satellite, Micro Satellite, Nano Satellite
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Regional Insights –
North America was the largest region in the open database connectivity (ODBC) market in 2023. 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.
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.
Table of Contents
1. Executive Summary
2. Open Database Connectivity (ODBC) Market Report Structure
3. Open Database Connectivity (ODBC) Market Trends And Strategies
4. Open Database Connectivity (ODBC) Market – Macro Economic Scenario
5. Global Open Database Connectivity (ODBC) Market Size and Growth
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32. Global Open Database Connectivity (ODBC) Market Competitive Benchmarking
33. Global Open Database Connectivity (ODBC) Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Open Database Connectivity (ODBC) Market
35. Open Database Connectivity (ODBC) Market Future Outlook and Potential Analysis
36. Appendix
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