Gartner recently released the "Market Guide for DBMS, China" its first guide to the database market in China. SequoiaDB, representing the database field vendors, was selected for the guide. Based on surveys of enterprise CIOs and technical leaders, the guide researched and analyzed the Chinese database market and identified its development trends. In the guide, Gartner proposed the growth drivers for the Chinese DBMS market, indicating that DBMS technology will continue to develop along its own path in China over the next five years.

Since becoming the first domestically owned independent database vendor to be included in a Gartner report in 2017, SequoiaDB has received attention from Gartner. After a comprehensive evaluation of the products, technology, services, and compatibility with innovation and creation ecology of database vendors, SequoiaDB was selected as a representative vendor in the database field. This demonstrates that SequoiaDB is deeply rooted in the Chinese market and has created products that match the unique attributes of the Chinese market and conform to the trend of technical judgment. It is also a recognition of SequoiaDB's breakthrough in fixed architecture and the establishment of a new distributed technology track, which has formed a differentiated advantage in market competition.

Today, China's digital development is increasingly mature, despite the impact of the pandemic. With its unique business environment and ecosystem, as well as strong domestic market advantages, China is driving technological and model innovation, maintaining a booming trend in its digital economy, leading the global economic recovery, and becoming the largest contributor to global economic growth.

To meet the unique needs of the Chinese market, Gartner pointed out that product functions and performance with Chinese database market characteristics include Lakehouse integration, enhanced transactions, and distributed transaction databases. The five downstream main demand areas for the database industry are finance, telecommunications, government affairs, manufacturing, and the Internet. The financial industry has the most stringent data requirements and highest data intensity. For example, the amount of data in China's financial industry far exceeds that of overseas financial industries, and the data volume of many domestic financial institutions has exceeded 100TB.

With the explosive growth of mobile Internet and the birth of new business scenarios, diversified formats of data have exploded in the financial industry, and the volume of unstructured data is growing at an extremely fast pace, and the ability to analyze and use data is also increasingly sophisticated. The Lakehouse integration technology architecture can help enterprises build a new and integrated data platform, breaking the system of fragmented data lakes and data warehouses, and integrating the flexibility, data diversity, and rich ecology of data lakes with the enterprise-level data analysis capabilities of data warehouses, providing comprehensive data governance and rapid production deployment.

After years of practice with customers, SequoiaDB has developed a new generation of domestic distributed database products, SequoiaDB, which supports hybrid multi-mode data storage on the same engine through the Lakehouse integration architecture, supports high-concurrency query and processing of massive data, and can be used for massive data online processing, data middle platform, distributed content management, and other applications. Its applications cover a wide range of business scenarios such as online lending, image management, smart banking, video banking, cloud counters, financial risk control, security monitoring, knowledge graph, smart operation and maintenance, and financial authentication. In the guide, Gartner pointed out that with the withdrawal of foreign database vendors and national policy guidance, Chinese database vendors will have a greater opportunity to grow and develop, and SequoiaDB has the potential to become a leading vendor in China's database market.

Coincidentally, SequoiaDB has been stably running in the core production systems of nearly 100 financial institutions, including Minsheng Bank, Guangfa Bank, PICC P&C, and China Securities Depository and Clearing Corporation, which continuously accelerates the localization and digital transformation of the financial industry. SequoiaDB insists on self-research and development, and has developed differentiated advantages based on the particularity of the domestic market after nearly 10 years of development. It also collaborates with upstream and downstream partners to improve the compatibility of the ecosystem and to promote innovation and entrepreneurship. In the future, SequoiaDB will enhance its capabilities in technology, products, ecosystems, and services to unlock the value of data.