Increasing Adoption of Cloud-Based Data-Based Services Drive the Demand for Europe ODBC Market

TechJury.net documentation, released on February 2023, stated that 70% of companies across the globe are using the cloud plan to increase their budgets in the future. Approximately 57% of businesses migrated their workloads to the cloud in 2022. Amazon Web Services (AWS) had an 80% share of the enterprise cloud adoption in 2022. ¾ of organizations using cloud services plan to increase their expenditure.

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Data Bridge Market Research analyses that the Europe ODBC Market is expected to grow at a CAGR of 17.9% from 2023 to 2030 and is expected to reach USD 1,079,111.66 thousand by 2030. The rising introduction of updated and capable ODBC drivers will propel the market's growth. The growing need for real-time data access for various applications is expected to be a major driving factor for the market's growth.

Key Findings of the Study

Rising Introduction of Capable ODBC Drivers

The emergence of upgraded and proficient ODBC drivers is proving to be a valuable development in the realm of database connectivity. These drivers serve as an essential intermediary between applications and database management systems, facilitating seamless communication by employing a standardized set of functions. For Instance, the ODBC drivers boast notable performance improvements, incorporating advanced query optimization techniques, efficient data access algorithms, and intelligent caching mechanisms. These enhancements translate into accelerated data retrieval and processing, resulting in heightened application performance and responsiveness. ODBC drivers broaden the spectrum of supported database systems and versions. This expanded compatibility empowers applications to seamlessly connect with a diverse range of databases, including widely used platforms such as Microsoft SQL Server, Oracle, MySQL, and PostgreSQL. Consequently, developers can harness these drivers to create applications that seamlessly interact with multiple database environments.

Report Scope and Market Segmentation

Segment Analysis

The Europe ODBC market is segmented into seven notable segments based on the operating system, ODBC driver, deployment model, component, database management system (DBMS), application, and end user.

• On the basis of operating system, the market is segmented into Windows, macOS, Linux, and others. In 2023, windows is expected to dominate the market with a 48.21% market share
• On the basis of ODBC driver, the market is segmented into multi-tier ODBC driver and single-tier ODBC driver. In 2023, multi-tier ODBC Driver is expected to dominate the market with an 81.24% market share
• On the basis of deployment model, the market is segmented into on premises and cloud. In 2023, the cloud segment is expected to dominate the market with a 78.40% market share

In 2023, the cloud segment is expected to dominate the market

In 2023, the cloud segment is expected to dominate the market due to because cloud-based solutions offer scalability and flexibility advantages over traditional on-premises systems with a 78.40% market share

• On the basis of component, the market is segmented into client application, ODBC driver manager, ODBC drivers, and ODBC data source. In 2023, client application segment is expected to dominate the Europe ODBC market with a 49.23% market share

In 2023, the client application segment is expected to dominate the market

In 2023, the client application segment is dominating the market because ODBC is widely supported and integrated into various client applications across different industries and sectors with 49.23% market share

• On the basis of database management system (DBMS), the market is segmented into Oracle, MySQL, Microsoft SQL Server, PostgreSQL, and Others. In 2023, Oracle is expected to dominate the market with a 23.12% market share
• On the basis of application, the market is segmented into marketing and collaboration, Big Data & NOSQL, CRM & ERP, File & API, accounting, RDBMS, and e-commerce. In 2023, marketing and collaboration is expected to dominate the market with a 30.33% market share
• On the basis of end user, the market is segmented into banking, financial services and insurance, healthcare, IT and telecommunication, manufacturing, government, automotive, transportation, education, aerospace, electronics, and others. In 2023, banking, financial services and insurance is expected to dominate the market with a 22.27% market share

Major Players

Data Bridge Market Research analyses SAP SE (U.S.), Microsoft (U.S.), IBM Corporation (U.S.),  Oracle (U.S.), Snowflake Inc. (U.S.) as the major companies in Europe ODBC market.

Market Developments

• In May 2023, Cloudera, Inc. partnered with SoftBank Corp. to build a data lake, resulting in a successful migration process and the ability to manage data more effectively. The data lake serves as a centralized platform, enabling real-time processing, eliminating data silos, optimizing costs, and maximizing operational efficiency for SoftBank's various business units. Such Partnerships allow companies to reach new markets and customer segments by leveraging the existing customer base of their partners
• In May 2023, Databricks acquired Okera to enhance its data governance capabilities. This acquisition aims to address the growing need for secure access control and data governance in AI, machine learning, and large language models
• In November 2022, SAP SE partnered with Coursera to reach millions of learners worldwide. This partnership enhanced the company's financials and positively impacted the growth of the Europe ODBC market. Such partnerships enable companies to reach new customer segments and expand their geographical presence
• In April 2022, Delphin Technology AG opened a new Delphin data center. It enables worldwide metrological connection, independent of data source interfaces, providing centralized measurement data management with various functionalities from acquisition to real-time access. By opening a new center in a different location, the company has expanded its geographic reach and access to new markets
• In October 2021, actualtechnologies LLC released the latest versions of the Actual ODBC Drivers. These drivers are highly recommended for use with FileMaker 19 and Microsoft Excel 365 on Mac OS Catalina or later. This enhanced compatibility with Mac OS Monterey on both Intel-based and Apple Silicon-based Macs

Regional Analysis

Geographically, the countries covered in the Europe ODBC market report are Germany, U.K., France, Spain, Russia, Italy, Netherlands, Switzerland, Sweden, Turkey, Poland, Denmark, and Rest of Europe.

As per Data Bridge Market Research analysis:

Germany is expected to dominate and be the fastest growing country in the Europe ODBC market

In 2023, Germany expected to dominate and be the fastest growing country in the Europe ODBC market because Germany has a robust automotive industry, home to renowned car manufacturers like Volkswagen, BMW, Mercedes-Benz, Audi, and Porsche. ODBC connectors are integral to modern vehicles for diagnostics, maintenance, and data analysis, and Germany's strong automotive sector fosters a high demand for such technology.

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