IDC MarketScape 2023 Distributed Database Report: OceanBase ranks in the 'Leader' category with leading product capabilities

On December 1, IDC, the world's leading IT market research and consulting company, released "IDC MarketScape: China Distributed Relational Database Vendor Assessment in 2023" (Document number: # CHC50734323). The report believes that the advantages of leading manufacturers are expanding, and OceanBase (a self-developed native distributed database owned by Ant Group) ranks in the "leader" category. As a native distributed database, OceanBase has outstanding performance in product capabilities and is in a leading position.

The purpose of the IDC MarketScape vendor assessment model is to provide an overview of the competitiveness of information and communications technology (ICT) vendors in a specific market. The research methodology uses a scoring approach based on rigorous qualitative and quantitative criteria, using a graphic to illustrate each vendor's position in a specific market. IDC MarketScape provides a clear framework within which IT and ICT vendors' products, services, capabilities and strategies, as well as current and future market success factors, can be meaningfully compared. The framework also provides technology buyers with a comprehensive assessment of current or potential vendors and provides a reference for technology buyers

The "IDC MarketScape: China Distributed Relational Database 2023 Vendor Assessment" report shows that with the With the rapid development of the Internet, Internet of Things, and big data technology, the amount of data has exploded. Traditional stand-alone databases cannot meet the needs of large-scale data processing. At the same time, cost reduction and efficiency improvement are the focus of enterprises. The market is looking for solutions that balance cost and performance. New technology solutions and distributed relational databases have gradually become a new choice to support the core trading system of enterprises.

Focusing on the current distributed relational databases in China, IDC analyzed the market and believed that enterprises are having an open attitude towards distributed databases and are willing to complete scenario-based iterations and functional improvements of products through close collaboration. Among them, the financial industry has strong technology accumulation and huge demand for cost reduction and efficiency improvement, and can take the lead in transforming and upgrading distributed relational databases.

The report evaluates ten major domestic distributed relational database vendors. The evaluation results show that five vendors, including OceanBase, are in the "leader" category. As a native distributed database, OceanBase has outstanding performance in product capabilities and is in a leading position.

The report believes that OceanBase serves enterprise customers such as finance, Internet, government and enterprises, and provides localized and public cloud services to meet the deployment requirements of different scenarios. With its native distribution, native multi-tenancy, HTAP, Technical features such as advanced data compression have become a representative manufacturer of distributed transactional databases. The single-machine distributed integrated product released in 2022 has broken through the scene isolation of centralized and distributed relational databases, using one database product to accompany the growth of customer business. .

Recently, OceanBase announced the latest business progress at its 2023 annual conference: it has provided services to more than 1,000 industry customers, and the number of customers has increased by 150% annually, 30% of which apply it to core system. In China's database popularity rankings, OceanBase ranks first for 12 consecutive months. In the financial field, OceanBase has become the distributed database with the largest market share.

OceanBase plans to continue to implement the "integrated" product strategy and solve the problems of using distributed databases through an integrated architecture. Their integrated products can meet 80% of customers' database scenario needs, and they always adhere to the principle of "leaving complexity to themselves and leaving simplicity to customers"

In addition, IDC also conducts research on database vendors and database procurement Enterprises put forward suggestions, including that database manufacturers should strengthen ecological construction and improve customers' self-operation and maintenance capabilities, and database purchasing enterprises should fully combine their own business scenarios and needs to make choices and avoid blind investment.

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