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NoSQL Market is Poised to Grow at a Rapid CAGR of 40.8%, during 2014-2020

01-03-2017 07:53 PM CET | IT, New Media & Software

Press release from: Allied Analytics LLP

NoSQL Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $4.2 billion by 2020, registering a CAGR of 35.1% during the period 2014-2020. The NoSQL usage, in web applications and data storage & analysis, is poised to drive the NoSQL market, significantly, through the analysis period of 2013 - 2020. North America, is slated to remain, as a major market driving region, contributing to more than 2/5 of the overall industry revenue, through 2020.

Access full summary at: https://www.alliedmarketresearch.com/NoSQL-market

Among all types of NoSQL databases, the key-value stores, should remain the most preferred type of NoSQL, due to their usage in web applications for blogs, session management and e-commerce. The usage of NoSQL, is significantly high in IT, for web session management, social network management, etc.

The key value stores, are the driving factors of the market, with its applications in web session management, user profile management and e-commerce support. Document databases, have emerged as the next most attractive type of NoSQL, with its simple design and basic ability, to support analytical queries. Several leading players, such as Couchbase, MongoDB, Amazon, MarkLogic, etc. are indulging in agreements, with all application industry players, in order to rise in the market. The agreement of these players, with leading companies, such as Google, Facebook, Twitter, MetLife, Snapdeal, Flipkart, etc. are facilitating a win-win situation for both parties.

Donwload PDF copy at: https://www.alliedmarketresearch.com/request-free-sample/640

Key findings of NoSQL Market:

1. Global market for NoSQL, is slated to grow, due to adoption of a wide variety of applications, such as web session management, mobile app development and e-commerce, during the forecast period of 2014-2020

2. Graph based NoSQL market is poised to grow at a rapid CAGR of 40.8%, during 2014-2020

3. Asia-Pacific region, would prove to be one of the most lucrative markets, in terms of growth. The market is expected to grow at a CAGR of 41.3% during 2014-2020

4. The North American region, would continue to soar as the major driver of NoSQL market, which would be valued more than 40% of its market size, by 2020

The market growth can be attributed to innovative launches of NoSQL solutions, and collaborative efforts by NoSQL vendors & customers. The efforts of customer companies, in order to improve their market offerings, are generating the demand of NoSQL, as a back end support. The emergence of agile software development, is generating the demand for NoSQL. Numerous leading companies such as MongoDB, Riak, Amazon, etc. are offering their NoSQL database, for free download, which can be upgraded to suit, increased needs of business, with purchased licenses. Prominent companies, profiled in the report include, Couchbase, Aerospike, Neo4j, InfiniteGraph, Basho Technologies, Hypertable, Cassandra and MarkLogic.

About Us

Allied Analytics LLP provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". Allied Analytics LLP has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
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Direct: +1-503-894-6022
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E-mail: sales@alliedmarketresearch.com

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