NoSQL Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
The global NoSQL market reached a value of US$ 5.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 27.4 Billion by 2027, exhibiting a CAGR of 30.2% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
NoSQL, non-SQL or not-only-SQL, is a non-relational database (NRDB) that provides a mechanism for storing and retrieving data. It is called not-only-SQL as it can support SQL, along with non-tabular, semi-structured, polymorphic, structured and unstructured data. A NoSQL database is constructed for particular data models and includes flexible schemas that enable programmers to build and manage modern applications. Some of the common types of NoSQL include document, key-value, column and graph databases. It can be utilized in various situations, such as when vast amounts of data are required to be retrieved and stored; when there is no need for constraints and joint support at the database level; and when data is dynamic and unstructured.
Global NoSQL Market Trends and Drivers:
The exponential growth in user-created content, supported by factors such as the rising influence of social media, easy access to smartphones and increasing internet penetration, has led to the generation of big datasets. As this data is generally sparse and unstructured, it has created a significant demand for NoSQL database systems for data management and analysis. Besides this, the integration of NoSQL systems into the Industry 4.0 landscape has led to the possibility of high scalability, lower cost, schema flexibility and distributed computing. Moreover, non-relational databases are being increasingly used in the financial sector to integrate data in a better and faster way, while incurring significantly lesser costs. Other advantages offered by NoSQL over SQL-based systems, such as easy scalability due to horizontal scaling and high availability of data, which can replicate itself in case of any failure, are further driving the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global NoSQL market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on database type, technology, vertical and application.
Breakup by Database Type:
Key-Value Based Database
Document Based Database
Column Based Database
Graph Based Database
Breakup by Technology:
Relational Database Management Systems (RDBMS)
Breakup by Vertical:
Breakup by Application:
Distributed Data Depository
Breakup by Region:
Middle East and Africa
The report has also analysed the competitive landscape of the market with some of the key players being Aerospike, Amazon Web Services, Apache Cassandra, Basho Technologies, Cisco Systems, Couchbase, Inc, Hypertable Inc., IBM, MarkLogic, Microsoft Corporation, MongoDB Inc., Neo Technology Inc., Objectivity Inc., Oracle Corporation, etc.
Key Questions Answered in This Report:
How has the global NoSQL market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the global NoSQL market?
What is the breakup of the market based on the database type?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the vertical?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global NoSQL market and who are the key players?
What is the degree of competition in the industry?
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