NoSQL Market Size Is Booming So Rapidly | MongoDB, Couchbase, Amazon Web Services, Aerospike

NoSQL (Not Only SQL) is a database mechanism developed for storage, analysis and access of large volume of unstructured data. NoSQL allows schema-less data storage which is not possible with relational database storage. The benefits of using NoSQL database include high scalability, simpler designs and higher availability with more precise control.

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Governmental organizations are boosting their maintenance budgets for system infrastructure while simultaneously funding initiatives for project development, modernization, and enhancement. As a result of the investments' success, ICT vendors now annually set aside funding for the growth of the online market. Global ICT exports are anticipated to increase 3.9% on average year from US$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. Global supply has increased by 9.5% yearly since 2009. In terms of global ICT exports in 2021, Ireland came in first place with US$ 169. 32 billion. The rankings placed China at number 4, the United States at number 2, and India at number 3. Since 2009, Brunei has increased by 228.2% year over year, while Sierra Leone has decreased by 61.7% year over year.

By 2026, European ICT Revenue is likely to increase by 1.5% annually, from US$ 1,802,413 Million in 2021 to US$ 1,933,429 Million. The European market has increased by 3.1% annually since 2016. In terms of ICT Revenue in Europe in 2021, Germany came in first place with US$ 339,074 million. Positions 2, 3, and 4 in this ranking were held by the United Kingdom, France, and Ireland, respectively. Since 2016, Malta has increased by 16.5% year over year, while Italy has decreased by 0.2%.

The ability to comfortably manage big data is another significant reason for the adoption of NoSQL databases. The lack of awareness regarding NoSQL benefits over relational database approaches is a major restraint for the wider adoption of NoSQL technology. Lack of infrastructure to support NoSQL solutions also limits its adoption among enterprises. However, in the next few years, the awareness would increase and NoSQL databases would witness rapid adoption in order to support explosively increased business data, especially, in social networks, retail, e-commerce, etc.

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The market is segmented into types of NoSQL databases, into categories such as document store, key-value stores, graph based databases and column storage. According to applications, the market is classified into data storage, e-Commerce, web applications, social networking, mobile applications and data analytics. The NoSQL databases are found useful in industrial verticals such as retail, gaming, IT and others. Geographically, the market is segmented across North America, Europe, Asia-Pacific and Latin America, Middle East & Africa (LAMEA).

Key Benefits

Competitive advantages of NoSQL features described in the report highlight the market potential in a comprehensive manner
Value chain analysis provides key inputs on the role of all key intermediaries in the market which would better help in devising appropriate strategies
Porter's five force analysis highlights the potency of suppliers & buyers along with a competitive scenario of the market, which would facilitate efficient business planning
Estimations are made in accordance to the current market scenario and projected future trends for the analysis period of 2014-2020, with base figures of 2013

KEY PLAYERS

MongoDB
Couchbase
Amazon Web Services
Aerospike
Neo4j
InfiniteGraph
Basho Technologies
Hypertable Inc.
Apache Cassandra
MarkLogic

MARKET SEGMENTATION
The global NoSQL market is segmented on the basis of types, applications, verticals and geographies.
MARKET BY TYPE

Key-value store
Document databases
Column based stores
Graph database

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MARKET BY APPLICATION

Data storage
Metadata store
Cache memory
Distributed data depository
E-Commerce
Mobile Apps
Web applications
Data analytics
Social networking

MARKET BY VERTICALS

Retail
Online gaming
IT
Social network development
Web applications management
Others
Government
BFSI
Healthcare
Education

MARKET BY GEOGRAPHY

North America (NA)
Europe (EU)
Asia-Pacific (APAC)
Latin America, Middle-East and Africa (LAMEA)

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