The ODBC Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s ODBC Global Market Report 2024, 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 can be attributed to increased cloud adoption, big data and analytics growth, internet of things integration, cybersecurity concerns, edge computing. Major trends in the forecast period include cloud integration, big data and analytics, integration with IoT, AI-driven ODBC optimization, hybrid and multi-cloud connectivity.
The increasing adoption of cloud-based services is expected to propel the growth of the ODBC market going forward. Cloud-based services refer to computing services delivered over the internet from remote servers rather than being hosted on local servers or personal computers. As more people working remotely, cloud services are required to offer a convenient and secure way to access work data and applications. Open database connectivity (ODBC) is used in cloud-based services to enable applications to connect to and interact with databases hosted in the cloud, allowing applications to leverage the benefits of cloud computing while maintaining a standardized and widely supported interface for databases. For instance, in September 2022, according to survey of 753 technical and business professionals by the AAG IT Support Service, a US-based digital transformation service provider, around 63% of respondents reported heavy usage of cloud services in 2022, marking an increase from 59% in 2021 and 53% in 2020. Therefore, the increasing adoption of cloud-based services is driving the growth of the ODBC market.
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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
Major companies operating in the ODBC market are focusing on developing innovative solutions such as open-source ODBC drivers to meet the growing demand for ODBC. These software components acts as a translator between the application and the DBMS, converting the application’s requests into commands that the DBMS can understand and vice versa. For instance, in August 2023, Amazon Web Services Inc., a US-based cloud service solutions company, launched an open-source ODBC driver that provides a structured query language (SQL)-relational interface for developers and enables connectivity from various business intelligence (BI) tools. The driver allows applications such as excel, powerBI, and JMP to seamlessly integrate with Timestream’s query engine, facilitating the analysis of large amounts of time-series data. This driver comes with detailed documentation for setting up access, installing the driver, configuring data source names, and connecting through a proxy.
The odbc market report table of contents includes:
1. Executive Summary
2.ODBC Market Characteristics
3.ODBC Market Trends And Strategies
4.ODBC Market analysis
5.ODBC Market Size And Growth
6. ODBC Segmentation
7.ODBC Regional And Country Analysis
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27.ODBC Competitive Landscape And Company Profiles
28.ODBC Key Mergers And Acquisitions
29. ODBC Future Outlook and Potential Analysis
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