Oracle, IBM, losing ground to local databases in China, says IDC
Beijing's efforts to grow local alternatives to the wares of the world's mightiest tech companies have made progress in the relational database market, according to research by analyst firm International Data Corp .to as"favorable policies," the relational database market share of local Chinese manufacturers is rapidly catching up with the likes of Oracle and IBM. Local players including Dameng Database, Renmin University Golden Warehouse, and Huawei are scooping up customers.
The Chinese relational database software market, which grew 34.9 percent year-on-year to nearly $1.6 billion in the second half of 2021, is expected to continue growing to nearly 9.6 billion by 2026, reflecting a 28.1 percent five-year CAGR. IDC credits new technologies, like cloud computing and big data, as well as the deepening of enterprise digital transformation for creating more complex data management requirements. These in turn require databases tuned to different roles. That demand creates opportunities for more players and diverse products.
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