Report: It is expected that the total size of China's database market will reach 128.68 billion yuan by 2027

Tech 2023-07-07 16:30:31 Source: Network

On July 7th, according to the "Database Development Research Report (2023)" (hereinafter referred to as the "Report"), the global database market size in 2022 was 83.3 billion US dollars, while the Chinese database market size was 5

On July 7th, according to the "Database Development Research Report (2023)" (hereinafter referred to as the "Report"), the global database market size in 2022 was 83.3 billion US dollars, while the Chinese database market size was 5.97 billion US dollars (approximately 40.36 billion RMB), accounting for 7.2% of the global market.

The report predicts that by 2027, the total size of China's database market will reach 128.68 billion yuan, with a compound annual growth rate (CAGR) of 26.1%.

Divided by database deployment methods, the market size of China's public cloud database market in 2022 was 21.915 billion yuan, a growth rate of 51.6% compared to 2021. The market size of local deployment databases was 18.445 billion yuan, a growth rate of 14.4% compared to 2021. The market sizes of public cloud and local deployment models accounted for 54.3% and 45.7% of the total market, respectively. In 2022, the market size of public cloud databases exceeded half for the first time, and it is expected that the market share of public cloud databases will further expand to 59.8% by 2023, The scale has reached 32.316 billion yuan, with a local deployment model market growth rate of 17.8% and a scale of 21.724 billion yuan.

How to assist the high-quality development of domestic databases? Wang Nan, Product Director of the YashanDB team at Shenzhen Institute of Computing Technology, summarized that "the waves sweep through the sand, sharing weal and woe". The concept of 'big waves washing sand' means that the development process of domestic databases requires a large number of market opportunities and application scenarios to be polished and screened, in order to promote the rapid maturity of excellent products; Sharing weal and woe "refers to the collaborative development of upstream and downstream enterprises such as hardware, applications, middleware, basic software, and services, forming reasonable benefit sharing, ensuring sustainable investment and development of the industry, and jointly exploring a feasible path.

Wang Nan believes that China's database industry is currently facing such problems as "whether to replace, whether to replace, how to choose Technology roadmap, and whether to go to the cloud". For the better development of domestic databases, he believes that one is to provide universal scenario services, such as YashanDB, which can support multiple deployment methods such as single machine/standby, shared cluster, and distributed, covering OLTP/HTTP/OLAP transaction and analysis mixed load scenarios, and providing a complete tool system; Secondly, mastering key core technologies; Thirdly, establish a first-class team; Fourthly, to achieve high cost-effectiveness, the product should be suitable for various general scenarios, with lower costs and higher performance; The fifth is mutual benefit and win-win cooperation with upstream and downstream industries.

Disclaimer: The content of this article is sourced from the internet. The copyright of the text, images, and other materials belongs to the original author. The platform reprints the materials for the purpose of conveying more information. The content of the article is for reference and learning only, and should not be used for commercial purposes. If it infringes on your legitimate rights and interests, please contact us promptly and we will handle it as soon as possible! We respect copyright and are committed to protecting it. Thank you for sharing.(Email:[email protected])

Mobile advertising space rental

Tag: Report It is expected that the total size of