Data, as a new type of production factor, is an important driving force for the development of new quality productivity, and databases are the key carriers supporting data storage and computation. In the past year, the National Data Administration was officially established, effectively promoting the orderly construction of the data element market; The global wave of artificial intelligence is rapidly sweeping, and the demand for data storage and computing is undergoing drastic changes. A package of policies has been intensively introduced, and a series of database technologies and products that support artificial intelligence, adapt to data assetization, and facilitate the circulation of data elements have emerged, promoting China's acceleration towards becoming a "data powerhouse". New technologies, formats, and models of global databases are constantly emerging, and industrial transformation is ongoing. Recently, the China Communications Standards Association released the "Research Report on Database Development (2024)". The report shows that in 2023, the global database market size exceeded 100 billion US dollars for the first time, about 101 billion US dollars, and the Chinese database market size reached 7.41 billion US dollars (about 52.24 billion yuan), accounting for 7.34% of the global market. It is expected that by 2028, the total size of China's database market will reach 93.029 billion yuan, with a compound annual growth rate (CAGR) of 12.23%. The market size of China's public cloud database in 2023 is 32.015 billion yuan, with a growth rate of 46.1% compared to 2022, indicating a steady increase in the size of the Chinese database market. The number of global database companies is advancing at the same pace as the United States. According to statistics, as of June 2024, there are a total of 518 database product providers worldwide, with a leading number of database vendors headquartered in the United States and China, both at 167, accounting for 32.2%. In terms of industry, the global database industry has entered a golden period of development, with a continuous increase in the number of enterprises and products. On a global scale, the database market has surpassed 100 billion US dollars for the first time, approximately 101 billion US dollars, with a total of 518 enterprises and over 715 products. The database market size in China has reached 7.41 billion US dollars, accounting for 7.34% of the global market. The cloud database market size accounts for more than half of the total, with 167 database suppliers and 269 products. In terms of technology, database technology is continuously developing around three main themes: technological integration and innovation, gradual application and landing of emerging technologies, and two-way empowerment of artificial intelligence and databases. It presents 12 segmented development directions, namely cloud computing and database collaborative development, graph technology understanding the value of data correlation, lake warehouse integration improving data processing performance, vector database efficient retrieval of unstructured data, multi-mode database supporting diversified needs, fully encrypted database escorting sensitive data, spatiotemporal database drawing new blueprints for aerospace information, artificial intelligence empowering intelligent operation and maintenance of databases, big language models reducing database operation thresholds, database autonomous mode realizing self-management, database assisting artificial intelligence efficient modeling, and database supporting the effective implementation of big models. In terms of application, innovative applications of data intensive industry databases are deepening and becoming more practical, and new databases are effectively empowering traditional industries to undergo digital transformation. Data intensive industries such as finance and telecommunications provide extensive space for innovation in database product applications. Traditional industries such as manufacturing and energy continue to explore new paths for empowering the real economy with databases in the process of digital transformation. (New Society)