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Open Database Connectivity (ODBC) Market Trends

Report ID: GMI8005
Published Date: Feb 2024
Report Format: PDF

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Open Database Connectivity Market Trends

The surging concerns related to data security and privacy and the subsequent focus of ODBC providers on implementing enhanced security measures will shape the market growth. As per the Identity Theft Resource Center (ITRC), the number of data breach victims surged by nearly 41.5% to over 422.1 million in 2022. This surging penetration of data breaching issues is driving the support for encryption protocols, securing authentication methods, and complying with industry standards. The growing emphasis of organizations on deploying ODBC for database connectivity to ensure that data remains secure during transit and at rest will play a crucial role in industry development.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of Open database connectivity (ODBC) reached USD 1.4 billion in 2023 and is set to expand at over 19.5% CAGR between 2024 and 2032, attributed to the increasing emphasis on data integration and business intelligence.

The on-premises ODBC segment accounted for around 60% market share in 2023, owing to the increasing adoption by organizations seeking enhanced control and security over their data infrastructure.

North America accounted for 34% of the market share in 2023, due to the robust technological infrastructure and widespread adoption of diverse database management systems in the region.

Some of the top ODBC firms are Devart, Hewlett Packard Enterprise (HPE), IBM Corporation, Informatica, Microsoft Corporation, Oracle Corporation, Progress Software Corporation, SAP SE, Snoeflake, and Teradata.