OceanBase Receives Honorable Mention for the Second Consecutive Year in the 2024 Gartner® Magic Quadrant™ Report

SINGAPORE,Dec. 26, 2024/PRNewswire/ -- OceanBase has once again been named as Honorable Mention in the 2024 Gartner^®Magic Quadrant™ for Cloud Database Management Systems (Cloud DBMS), marking the second consecutive year it has received this recognition.

OceanBase offers scalable distributed database for data-intensive transactional and real-time operational analytics workloads, with ultra-fast performance and high compatibility across major global cloud infrastructures, including Amazon Web Services, Google Cloud,Alibaba CloudandTencentCloud. Operating across more than 30 regions inAsia,Europe, and America, OceanBase has already served over 2,000 customers, such as SAIC Volkswagen, DiDi Global, vivo, Pop Mart, Haidilao, Kwai, Trip.com, GCash, DANA, and PalmPay.

Over the past year, OceanBase has made significant strides in the Southeast Asian market. InDecember 2024, Starpay, a leading financial technology company inthe Philippines, announced a partnership with OceanBase to leverage its cutting-edge distributed database solutions.

OceanBase hosted the inaugural OceanBase INFINITY tech conference inJakarta, IndonesiainJune 2024. During the event, the company announced strategic partnerships with leading local resellers to better serve customers in the Indonesian market.

According to Gartner's latest DBMS market data in the Magic Quadrant,"the overall database management system market grew by 13.4% in 2023, reaching$103.2 billion", up from$91 billionin 2022. The DBMS segment remains one of the fastest-growing areas within the software market, alongside analytic platforms, networking software, and supply chain management software.

InMay 2024, OceanBase was also recognized as an Asia/Pacific Customers'Choice and also named a Strong Performer in the 2024 Gartner^®Peer Insights™ Voice of the Customer for Cloud DBMS report.

Gartner, Magic Quadrant for Cloud Database Management Systems,18 December 2024

Gartner, Voice of the Customer for Cloud Database Management Systems,24 May 2024

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About OceanBase

OceanBase is a distributed database launched in 2010. It provides strong data consistency, high availability, high performance, cost efficiency, elastic scalability, and compatibility with mainstream relational databases. It handles transactional, analytical, and AI workloads through a unified data engine, enabling mission-critical applications and real-time analytics.

To learn more, please visit:https://www.oceanbase.com/

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SOURCE OceanBase