计算机行业深度：华为的数据库之路：内启外拓，蝶变升级

Investment Rating - The report maintains an "Outperform" rating for the computer industry, specifically focusing on Huawei's database developments [1]. Core Insights - Huawei's GaussDB and openGauss databases are positioned to support the domestic database market, with a clear focus on both self-developed and open-source solutions [3][10]. - The Chinese database market is projected to reach CNY 93.029 billion by 2028, with a CAGR of 12% from 2023 to 2028, driven by increasing demand for data security and domestic product competitiveness [3][17]. - GaussDB is recognized for its high availability, security, and performance, making it suitable for critical industries such as finance and telecommunications [25][29]. Summary by Sections 1. Development of GaussDB - GaussDB has evolved over 20 years, starting from internal use to becoming a key player in the database market, with significant applications in finance, insurance, and telecommunications [8][10]. - The development phases include internal use (2001-2011), productization (2011-2019), cloud and open-source initiatives (2019-2020), and ecosystem building (2021-present) [8][10]. 2. Database Architecture - GaussDB supports both distributed and primary-backup deployment, while openGauss focuses on primary-backup deployment, catering to different user needs [10][12]. - The report highlights the advantages of distributed databases in handling large data volumes and high concurrency, which are increasingly important in modern IT environments [14][18]. 3. Market Growth and Policy Support - The report emphasizes the growth potential for domestic database vendors, with increasing policy support for localization and security in data management [3][19]. - The rise of cloud computing is also noted as a significant factor driving the adoption of distributed databases [21][22]. 4. Investment Recommendations - The report suggests focusing on companies that have established mature commercial distributions based on openGauss, as well as those providing related technical services and value-added solutions [3][4].