ODBC Global Market Report 2024

The open database connectivity (ODBC) market size has grown exponentially in recent years. It will grow from $1.5 billion in 2023 to $1.8 billion in 2024 at a compound annual growth rate (CAGR) of 20%. The growth in the historic period can be attributed to several key factors. Firstly, the rise of relational databases has greatly enhanced data management capabilities, enabling more efficient and effective storage and retrieval of information. Secondly, the increasing cross-platform compatibility of software and systems has facilitated seamless integration across different platforms, improving overall connectivity and functionality. Thirdly, the growing integration requirements of businesses have driven the adoption of more advanced and interconnected systems, further fueling growth. Additionally, the internet boom has significantly expanded the reach and capabilities of businesses, opening up new avenues for growth and innovation. Lastly, regulatory compliance has played a crucial role, with businesses increasingly needing to adhere to strict regulatory standards, driving the adoption of more sophisticated and compliant systems and technologies.

The open database connectivity (ODBC) market size is expected to see rapid growth in the next few years. It will grow to $3.67 billion in 2028 at a compound annual growth rate (CAGR) of 19.5%. The growth in the forecast period is driven by increased adoption of cloud computing, growth in big data and analytics, integration of the Internet of Things (IoT), rising cybersecurity concerns, and the emergence of edge computing. Major trends in the forecast period include further integration of cloud services, expansion of big data and analytics capabilities, deeper integration with IoT devices, optimization of data warehouse connectivity through AI-driven solutions, and increased adoption of hybrid and multi-cloud connectivity solutions.

The increasing adoption of cloud-based services is expected to drive the growth of the ODBC market. Cloud-based services, which deliver computing services over the internet from remote servers, are becoming more prevalent as they offer a convenient and secure way to access work data and applications, especially with the rise of remote work. ODBC plays a crucial role in cloud-based services by enabling applications to connect to and interact with databases hosted in the cloud. This allows applications to take advantage of cloud computing benefits while maintaining a standardized and widely supported interface for databases. For example, a survey conducted by AAG IT Support Service, a US-based digital transformation service provider, revealed that around 63% of respondents reported heavy usage of cloud services in 2022, compared to 59% in 2021 and 53% in 2020. This trend underscores the increasing adoption of cloud-based services, which is driving the growth of the ODBC market.

Major companies in the ODBC market are focusing on developing innovative solutions, such as open-source ODBC drivers, to meet the increasing demand for ODBC. These drivers act as a translator between applications and database management systems (DBMS), converting requests into commands that the DBMS can understand and vice versa. For example, Amazon Web Services Inc., a US-based cloud service solutions company, launched an open-source ODBC driver in August 2023. This driver provides a structured query language (SQL)-relational interface for developers and enables connectivity from various business intelligence (BI) tools. It allows applications such as Excel, PowerBI, and JMP to integrate seamlessly with Timestream's query engine, facilitating the analysis of large amounts of time-series data. The driver also comes with detailed documentation for setting up access, installing the driver, configuring data source names, and connecting through a proxy.

In February 2023, International Business Machines Corporation (IBM), a US-based information technology company, acquired StepZen for an undisclosed amount. This acquisition is expected to benefit enterprises operating in hybrid cloud environments by enabling them to extract more value from their data and APIs. StepZen Inc., the acquired company, is a US-based software development platform that offers a data virtualization platform capable of accessing data from various sources, including ODBC data sources.

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.

North America was the largest region in the ODBC market in 2023. 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. The countries covered in the odbc market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

ODBC (Open Database Connectivity) is a standardized application programming interface (API) that enables communication between various database management systems (DBMS) and software applications. It acts as a bridge, facilitating seamless interaction and data exchange between different databases, regardless of the underlying DBMS.

ODBC supports a wide range of operating systems, including Windows, macOS, Linux, and others. Windows, developed by Microsoft, is an operating system that enables users to perform a variety of tasks on their computers, such as browsing the internet, checking email, editing digital content, and using productivity tools. ODBC is deployed in various environments, including cloud and on-premises. It is used in applications such as marketing and collaboration, big data and NoSQL databases, customer relationship management (CRM) and enterprise resource planning (ERP) systems, file and application programming interfaces (APIs), accounting software, e-commerce platforms, and relational database management systems (RDBMS). ODBC is utilized by a diverse range of industries, including manufacturing, banking, financial services, insurance, government agencies, information technology and telecommunications companies, electronics manufacturers, healthcare providers, automotive manufacturers, and others.

The ODBC market research report is one of a series of new reports that provides ODBC market statistics, including ODBC industry global market size, regional shares, competitors with ODBC market share, detailed ODBC market segments, market trends and opportunities, and any further data you may need to thrive in the ODBC industry. This ODBC market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The ODBC market consists of revenues earned by entities by services such as standard interfaces, interoperability, driver management, error handling, cursor support, transaction management, and connection management. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The ODBC market also includes sales of computers, storage devices, and network hardware. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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