A NoSQL is a database that includes a relational mechanism for storage and retrieval of structured and unstructured data that is modeled in means other than the tabular relations as used in relation databases (RDBMS). It encompasses a wide variety of database technologies that are developed to handle the increase in volume of data that is generated and stored. This data has increased in recent times due to Internet of Things, the internet, and others. NoSQL is widely preferred for distributed data stores with humongous data storage needs as the data sources are varied.
The report covers the study of the NoSQL market along with its types, applications and verticals. The research involves a study of NoSQL software, which includes revenue realized from the sale of commercial licenses as well as revenue realized from the upgrade charges of open-source NoSQL solutions. The NoSQL market is studied in accordance with four types, key-value store, document databases, column-based stores and graph-based stores. Applications of the NoSQL considered in the report are data storage, data analytics, e-commerce, web applications, social networks, and mobile app development.
Furthermore, the market is profoundly influenced by considerable expenses related to NoSQL solutions and services. Primarily, these expenses can serve as a deterrent for smaller and medium-sized enterprises (SMEs) with constrained budgets. SMEs may perceive NoSQL databases as a financial burden, leading to insufficient investment in these solutions. In addition, even larger organizations may exhibit hesitation in allocating substantial resources to NoSQL solutions, particularly when faced with competing budgetary demands. Moreover, excessive costs associated with NoSQL solutions may hinder the adoption of global market in industries or regions where there is limited awareness of its benefits.
Furthermore, the notable factors positively affecting the NoSQL market include rise in demand for big data analytics, enterprise-wide need for scalable and flexible database solutions, and growth in adoption of cloud computing technology. However, the high complexities of administrating NoSQL databases and the potential threat of data-related inconsistencies can hinder market growth. Furthermore, the rise in adoption of advanced technologies such as AI & ML offers lucrative market opportunities for the market players.
The NoSQL market is segmented on the basis of type, application, industry vertical, and region. On the basis of type, it is categorized into key-value store, document database, column-based store, and graph database. On the basis of application, it is divided into data storage, mobile apps, data analytics, web apps, and others. The data storage segment is further sub-segmented into distributed data depository, cache memory, and metadata store. On the basis of industry vertical, it is categorized into retail, gaming, IT, and others. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The market players operating in the global NoSQL market. This report further outlines the current trends and key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of key market players to increase their market share and sustain intense competition in the industry. The key players operating in the market include Aerospike Inc., Couchbase Inc., IBM Corporation, Neo4j, Inc., Objectivity, Inc, Oracle Corporation, Progress Software Corporation, Riak, ScyllaDB, Inc., and Apache Software Foundation.
The report covers the study of the NoSQL market along with its types, applications and verticals. The research involves a study of NoSQL software, which includes revenue realized from the sale of commercial licenses as well as revenue realized from the upgrade charges of open-source NoSQL solutions. The NoSQL market is studied in accordance with four types, key-value store, document databases, column-based stores and graph-based stores. Applications of the NoSQL considered in the report are data storage, data analytics, e-commerce, web applications, social networks, and mobile app development.
Furthermore, the market is profoundly influenced by considerable expenses related to NoSQL solutions and services. Primarily, these expenses can serve as a deterrent for smaller and medium-sized enterprises (SMEs) with constrained budgets. SMEs may perceive NoSQL databases as a financial burden, leading to insufficient investment in these solutions. In addition, even larger organizations may exhibit hesitation in allocating substantial resources to NoSQL solutions, particularly when faced with competing budgetary demands. Moreover, excessive costs associated with NoSQL solutions may hinder the adoption of global market in industries or regions where there is limited awareness of its benefits.
Furthermore, the notable factors positively affecting the NoSQL market include rise in demand for big data analytics, enterprise-wide need for scalable and flexible database solutions, and growth in adoption of cloud computing technology. However, the high complexities of administrating NoSQL databases and the potential threat of data-related inconsistencies can hinder market growth. Furthermore, the rise in adoption of advanced technologies such as AI & ML offers lucrative market opportunities for the market players.
The NoSQL market is segmented on the basis of type, application, industry vertical, and region. On the basis of type, it is categorized into key-value store, document database, column-based store, and graph database. On the basis of application, it is divided into data storage, mobile apps, data analytics, web apps, and others. The data storage segment is further sub-segmented into distributed data depository, cache memory, and metadata store. On the basis of industry vertical, it is categorized into retail, gaming, IT, and others. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The market players operating in the global NoSQL market. This report further outlines the current trends and key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of key market players to increase their market share and sustain intense competition in the industry. The key players operating in the market include Aerospike Inc., Couchbase Inc., IBM Corporation, Neo4j, Inc., Objectivity, Inc, Oracle Corporation, Progress Software Corporation, Riak, ScyllaDB, Inc., and Apache Software Foundation.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the nosql market analysis from 2022 to 2032 to identify the prevailing nosql market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the nosql market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global nosql market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Type
- Key-Value Store
- Document Database
- Column Based Store
- Graph Database
By Application
- Mobile Apps
- Data Analytics
- Web Apps
- Others
- Data Storage
By Industry Vertical
- Retail
- Gaming
- IT
- Others
By Region
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Oracle Corporation
- Couchbase Inc.
- Neo4j, Inc.
- Objectivity, Inc
- Riak
- ScyllaDB, Inc.
- Progress Software Corporation
- The Apache Software Foundation
- IBM Corporation
- Aerospike Inc.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: NOSQL MARKET, BY TYPE
CHAPTER 5: NOSQL MARKET, BY APPLICATION
CHAPTER 6: NOSQL MARKET, BY INDUSTRY VERTICAL
CHAPTER 7: NOSQL MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report titled, 'NoSQL Market by Type, Application, and Industry Vertical: Opportunity Analysis and Industry Forecast, 2019-2026', the NoSQL market size was valued at $2,410.5 million in 2018, and is projected to reach $22,087 million by 2026, growing at a CAGR of 31.4% from 2019 to 2026.Not only SQL (NoSQL) is a technology for managing databases of unstructured and/or semi-structured data. The technology lacks performance in terms of efficiency and support to complex transactions, as compared to conventional RDBMS; however, scores high in terms of managing schema-less data and saving the developers’ efforts in non-critical applications. Rising unstructured data volumes and the impending need of analytics primarily drive the NoSQL market growth.
Moreover, innovative business offerings such as open-source database by NoSQL vendors play significant role in its adoption. However, some of the restraints associated with its business attractiveness are higher testing related issues during unit or system integration testing as compared to RDBMS system and the problems associated with handling complex database queries. However, these challenges would have limited impact to the NoSQL market growth due to the emergence of big data market citing the increased need of unstructured data management.
The commonly observed NoSQL types in the NoSQL market are key value stores, document databases, column-based NoSQL stores, and graph-based NoSQL stores. Amongst these, key value store NoSQL databases, account for a larger market size by value due to the increase in demands from web and e-commerce applications.
This rapid growth would be supplemented by its adoption in social networks and gaming. Web applications currently drive the NoSQL market due to high usage in session management and user profile recording. NoSQL’s are used in different industry verticals. The different verticals analyzed in the report are retail, online game development, IT, and others. Its usage in IT involves social network development and web application management. The other verticals include government, BFSI, healthcare, and education. Among all verticals, IT applications account for a larger share of theNoSQLmarket trends.
Larger adoption of NoSQL systems is attributed to the growth of web applications and e-commerce in the North American region.The adoption of NoSQL in the Asian market is expected to increase amongst all industrial verticals, especially in gaming and social networks.
The market is lucrative for new players with business experience in NoSQL or RDBMS processes. Sound partnership / collaboration agreements with key stakeholders would be a key strategy to sustain in the market. In the recent past, numerous leading players have opted for product launch and partnership strategies to excel in the market.In the earlier years, NoSQL vendors have increased funding as compared to their revenue. However, it helps them to build their capabilities and eventually generate returns on investments.
Key Findings Of The Study
By type, the software segment dominated the NoSQL market forecast. However, the services segment is expected to exhibit significant growth during the forecast period in the NoSQL industry.
By application, the manufacturing execution system segment dominated the NoSQL market share in 2018. However, the quality process management segment is expected to exhibit significant growth during the forecast period.
Depending on industry vertical, the automotive industry generated the highest revenuein 2018. However, the healthcare sectoris expected to witness a considerable growth in the near future.
Region wise, Asia-Pacificis expected to witness significant growth in terms of CAGR in the coming years.
Some of the key market players profiled in the NoSQL market analysis include Aerospike, Inc., Amazon Web Services, Inc., DataStax, Inc., Microsoft Corporation, Couchbase, Inc., Google LLC, MarkLogic Corporation, MongoDB, Inc., Neo Technology, Inc., and Objectivity, Inc.
Major players operating in this market have witnessed significant adoption of strategies that include business expansion and partnership to reduce supply and demand gap. With increase in big data initiatives across the globe, major players have collaborated their product portfolio to provide differentiated and innovative products. This study includes market analysis, trends, and future estimations to determine the imminent investment pockets.
Companies Mentioned
- Oracle Corporation
- Couchbase Inc.
- Neo4j, Inc.
- Objectivity, Inc
- Riak
- ScyllaDB, Inc.
- Progress Software Corporation
- The Apache Software Foundation
- IBM Corporation
- Aerospike Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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