Global Open Database Connectivity (ODBC) Market - 2023-2030

Global Open Database Connectivity (ODBC) Market - 2023-2030

Global Open Database Connectivity (ODBC) Market reached US$ 1.2 billion in 2022 and is expected to reach US$ 4.7 billion by 2030, growing with a CAGR of 19.1% during the forecast period 2023-2030.
The Open Database Connectivity (ODBC) market is the world's largest market for software, drivers, services and tools that allow programs access and modify data from various database management systems utilizing the ODBC API. This includes ODBC drivers, database management systems, development tools, services and related software solutions, among other goods and services offered by vendors and service providers. Therefore, these benefits by cloud technology drives the growth of the global visual effect (VFX) software market.

Cloud-based data warehousing systems like Amazon Redshift, Google BigQuery or Snowflake are now widely used in companies. These platforms allow companies to analyze and store enormous amounts of data without having to make significant infrastructure investments. Therefore, cloud deployment accounts for nearly 2/3rd of the total segmental market share.

Market Dynamics
Decreasing Infrastructure Costs and Improved Decision Making
The distribution of information for projects being worked on and information being accessed is made simpler by ODBC, which enables a single tool to access several DBMS the programmes. This accessibility offers the information required to support tactical decisions, enhance marketing efforts and create collection campaigns.

With access to more than 400 sources of data, the ODBC tool speeds up data extraction and analysis procedures. Data extraction and analysis have become more difficult due to the growing amount of information that is available on both internal and external databases. Organizations may now aggregate data into a user-friendly manner with tools based on the ODBC principle, which can assist hasten decision-making and cut expenses.

Rising Adoption of the Service Based in Cloud
The global ODBC (Open Database Connectivity) market is being significantly stimulated by the rising popularity of cloud-based services. As companies look for scalable, adaptable and affordable solutions that offer simple access to data and applications, cloud computing has grown in popularity across industries.

ODBC drivers are essential for enabling smooth communication between cloud-based apps and databases, which is why the adoption of cloud-based services increases demand for them. A standardized interface is necessary for organizations moving their data and applications to the cloud in order to access and communicate with their databases. By offering a dependable and consistent interface that permits connections to and data retrieval from on-premises or cloud-based databases, ODBC meets this need.

Growing Data Security Problems
System security concerns might be introduced by faulty or improperly designed authentication procedures. To safeguard sensitive data exchanged over ODBC connections, encryption techniques like SSL/TLS are imperative. In order to add an extra degree of protection and prevent unauthorized access, encryption helps protect data from being intercepted or altered while being transmitted.

For ODBC technologies to continue to expand and be widely used, concerns about data safety must be solved as soon as possible. To address these issues, ODBC providers need to prioritize strong security procedures and put encryption protocols into place, carry out routine security audits and keep up with continous changing security requirements. To regain and retain market position in ODBC solutions, the consumer trust must be built through open security procedures, privacy safeguards and quick incident response.

COVID-19 Impact Analysis
The COVID-19 epidemic has forced numerous organisations to fast adopt digitalization and remote work, which has increased the demand for cloud orchestration solutions to manage and automate these operations. By automating the deployment and scaling of cloud resources, cloud solutions have assisted organisations in ensuring business continuity.

It has allowed companies to quickly adapt to fluctuations in demand and maintain operations during the epidemic. Companies are looking for methods to cut costs in light of the economic crisis brought on by COVID-19. By automating the deployment and maintenance of cloud resources, ODBC solutions can assist in lowering costs and improving efficiency.

Segment Analysis
The global open database connectivity (ODBC) market is segmented based on operating system, driver, deployment, application, end-user and region.

Single-Tier ODBC Architecture Supplements the Growth Potential of Single-Tier ODBC Drivers
Single-tier ODBC drivers are used in this ODBC architecture. In a singletier ODBC architecture, the ODBC driver interacts directly with database files while also receiving ODBC requests/calls from the application. In order to get the results, it passes the SQL commands that correspond to the calls that were received.

Single-tier ODBC driver offers the lowered costs. They eliminates the requirement of the extra additional server infrastructure and other maintenance costs. It is a preferred choice for the small and medium-sized enterprises with fixed and limited budgets. The affordability of the single-tier ODBC drives makes them an ideal choice for the manufacturers in the global ODBC market. Therefore, single-tier ODBC drivers is expected to grow at a highest CAGR during the forecasted period.

Geographical Analysis
North American ODBC Market Thrives with Strong Presence of Technology Giants
These companies provides better tecnology ecosystems which possesses the better database managements, software solutions and other related tools. ODBC is integrated with their product portfolio, which enables smooth accesibility of data and interoperability, which further bolstersing the demand for the ODBC in the region.

North America has a large IT spending, which drives the growth of the cloud market and a large number of technically skilled personnel, which drives the growth of the ODBC market. The higher presence of the technology players in the North America provides the robust ecosystem and technological infrastructure. Global players is spending a lot over the dara centres and other cloud application platforms, therefore this region thrives the lucrative growth prospect in the forecatsed peiod as well.

Competitive Landscape
The major global players include CData Software, Inc, Devart, MariaDB, Microsoft, Oracle, IBM Corporation, SAP, Databricks, Progress Software Corporatione and Skills and Services GmbH.

Why Purchase the Report?
• To visualize the global open database connectivity (ODBC) market segmentation based on operating system, driver, deployment, application, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of open database connectivity (ODBC) market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.
The global open database connectivity (ODBC) market report would provide approximately 72 tables, 83 figures and 242 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies