When data becomes a key force in restructuring global factor resources, reshaping global economic structure, and changing global competitive landscape, databases, as key technologies for storing and processing data, become a new driving engine for the global economy. Dai Xiaohui, vice president and secretary-general of China Communications Standards Association, said that the "14th Five Year Plan" is a critical period for the development of China's digital economy and the cultivation of the data Factor market. As a core component supporting data storage and computing, the database is playing an important supporting role. The China Communications Standards Association and the China Academy of Information and Communication (hereinafter referred to as the China Academy of Information and Communication) recently hosted the 2023 Trusted Database Development Conference. The Research Report on Database Development (2023) released by the conference pointed out that with the deepening of Digital transformation and the explosive growth of data volume, the change of demand for databases by applications of thousands of industries has accelerated the innovation of database technology, and the rapid development of the global database industry, China has entered the first echelon. The report shows that the global database market size in 2022 is 83.3 billion US dollars, while the Chinese database market size is 5.97 billion US dollars (approximately 40.36 billion RMB), accounting for 7.2% of the global market. It is expected that by 2027, the total size of the Chinese database market will reach 128.68 billion yuan, with a compound annual growth rate (CAGR) of 26.1%. In 2022, the size of the public cloud database market was 21.915 billion yuan, accounting for 54.3% of the total market, with a growth rate of 51.6% compared to 2021. For the first time, the size of China's public cloud database market exceeded half. It is expected that the proportion of the public cloud database market will further expand to 59.8% in 2023, reaching a scale of 32.316 billion yuan. As Wang Yicheng, general manager of Tencent Cloud Database, said, with the rapid development of information technology, enterprises have realized the importance of Digital transformation for improving efficiency and competitiveness. In this process, database technology plays a key role. With the constant acceleration of Digital transformation in various industries, China's database application innovation practice has entered a new stage. The application scope has gradually expanded from the peripheral systems such as office and mail, which have low capacity requirements, to the core systems such as accounting and scheduling, which have high performance requirements and strong stability requirements in key industries such as finance and telecommunications. He Baohong, director of the Institute of Cloud Computing and Big data of the Chinese Academy of Information and Communications and chairman of the Internet and Application Standards Technology Working Committee of the China Communications Standards Association, said that as the basic software for data storage, computing and circulation in various industries, the Database management system, after more than 60 years of development, has constantly innovated in theory and technology, increasingly enriched in product forms, accelerated the transformation of industrial ecology, and continued to heat up the industry, China's database industry is thriving and undergoing a critical transition from a "quantity oriented" to a "quality oriented" one. (New News Agency)