Allied Market Research

NoSQL Market - Global Opportunity Analysis and Industry Forecast, 2013-2020

 

Portland, OR -- (SBWIRE) -- 09/22/2017 -- 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.

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The Not only SQL (NoSQL) technology is emerging in the database market horizon and would grow rapidly over the next few years. This technology, ideally, is not a substitute for conventional RDBMS products such as Oracle SQL, Microsoft Access, etc. However, it helps to overcome limitations observed in conventional RDBMS technologies. The present RDBMS technologies are not capable of supporting unstructured data with optimum space requirement. The design becomes complex and is hence difficult for developers. The need for unstructured data management is hence difficult with conventional RDBMS solutions. Furthermore, RDBMS proves to be a costly solution for developing agile web applications with moderate data analytics requirements. NoSQL is emerging as an efficient alternative in this scenario, which helps to bridge the problems associated with RDBMS technology. The adoption of NoSQL would rise significantly in accordance to its application segments.

Key findings of NoSQL Market:

- 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

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

- 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

- 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

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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.