Recently, Matrix Origin, as a typical representative vendor, was selected into the "China Big Data Management Solution Technical Assessment, 2023" released by IDC.
In this assessment, IDC believes that MatrixOne, a hyperconverged heterogeneous database derived from matrix, has the following advantages:
Decouple the storage, compute, and transaction layers to balance and optimize different workloads with an extremely flexible technical architecture
The unified engine supports mixed workloads such as OLTP OLAP, is compatible with multiple storage media, and reduces costs through multi-level storage solutions that separate hot and cold
Positioning a high-performance execution engine;
Emphasis on distributed high availability - Ensures high availability of the cluster while avoiding duplicate replication of data
Provides enterprise-grade security compliance capabilities and is highly compatible with MySQL
At present, it provides solutions for industrial fields, especially time series data scenarios. There are also abundant landing cases in the Internet industry.
Since the release of MatrixOne Enterprise Edition and serverless-based MatrixOne cloud services, it has been applied in multiple industries such as the Internet, finance, energy, manufacturing, education, and healthcare, allowing users to reduce hardware and operation and maintenance costs by up to 70%, increase development efficiency by 3-5 times, and respond more flexibly to changes in market demand and seize innovation opportunities more efficiently.
It is reported that the scope of this study is the big data management software market, including databases, data lakes, NoSQL databases, and related data integration markets. According to data tracked by IDC China, the size of China's big data management market reached 55 in 2022$300 million;The overall market size is expected to reach $16 billion by 2027.
The report also points out that HTAP is becoming more receptive to the need to integrate transactional and analytical data management. In the future, common data integration software across different model databases will continue to be a key investment direction in this market. This is highly consistent with the product concept that Matrix Origin has always adhered to and the goal of realizing the arbitrary storage and arbitrary calculation of data in the digital world to help users unleash the potential and innovation of data.
About the Matrix Origin.
Matrix Origin is an industry-leading provider of big data and database management system (DBMS) technology and services, with strong innovation capabilities from well-known technology companies at home and abroad. The goal of Matrix Origin is to create and use world-class data infrastructure technologies and products to assist enterprises in realizing the transformation and upgrading from informatization, digitalization to intelligence. Matrix Origin has core competitiveness in cloud computing, database, big data and artificial intelligence related fields, with a broad industry and international vision and forward-looking, which can quickly and effectively apply advanced technologies in different fields and scale expansion.
About MatrixOne
MatrixOne, the core product of Matrix Origin, is a multi-model database based on cloud-native technology that can be deployed in both public and private clouds. The product uses the original technical architecture of storage-compute separation, read/write splitting, and cold and hot separation, which can support multiple workloads such as transactions, analysis, streams, timing, and vectors under a single storage and computing system, and can isolate or share storage and computing resources in real time and on demand. MatrixOne enables users to dramatically simplify increasingly complex IT architectures and deliver simplified, flexible, cost-effective, and high-performance data services.