Dallas, TX -- (SBWIRE) -- 03/17/2014 -- The Global NoSQL market is growing at a rapid pace, and the increased spending on NoSQL software and services is translating into a number of employment opportunities. The increase in the amount of data being generated and stored has forced organizations to look for IT professionals that have expertise in database management. Currently, organizations across the globe are becoming more aware of the advantages associated with big data. Hence, the demand for database management skills has proliferated over the last couple of years. In addition, the demand for NoSQL skilled professionals is coming not only from software companies, but also from the Retail, Healthcare, and Government sectors. Moreover, organizations are willing to pay high competitive salaries to skilled professionals.
Analysts forecast the Global NoSQL market will grow at a CAGR of 53.09 percent over the period 2013-2018. According to the report, the growth of the Global NoSQL market is influenced by many drivers, of which the increased adoption of big data solutions is an important driver. Organizations are adopting big data solutions to keep track of the huge volume of unstructured data generated each day. This has increased the number of big data users, thereby driving the demand for advanced database management solutions such as NoSQL.
Further, the report states that one of the major challenges is the lack of awareness about the potential of NoSQL. The Global NoSQL market is in its nascent stage, and therefore enterprises are unaware of the benefits associated with NoSQL solutions. Moreover, organizations lack the basic infrastructure facilities to adopt NoSQL.
The report recognizes the following companies as the key players in Global NoSQL Market: DataStax Inc., MarkLogic Corp., MongoDB Inc., Oracle Corp., Aerospike Inc., Basho Technologies Inc., Couchbase Inc., FoundationDB, and NuoDB Inc.
The other vendors mentioned in the report are Aerospike Inc., Basho Technologies Inc., Couchbase Inc., FoundationDB, and NuoDB Inc.
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Key questions answered in this report:
What will the market size be in 2018 and what will be the growth rate?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of each of these key vendors?