NoSQL Database Market Report 2024

This NoSQL Database market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The NoSQL database market size has grown exponentially in recent years. It will grow from $8.65 billion in 2023 to $11.6 billion in 2024 at a compound annual growth rate (CAGR) of 34.1%. The growth during the historic period can be attributed to the surge in data volume, the need for scalable solutions, limitations of traditional databases, the rise of big data analytics, expansion of web and mobile applications, demand for flexible data models, and advancements in cloud computing.

The NoSQL database market size is expected to see exponential growth in the next few years. It will grow to $37.61 billion in 2028 at a compound annual growth rate (CAGR) of 34.2%. The anticipated growth in the forecast period can be attributed to the rise of IoT devices, increasing use of artificial intelligence, demand for real-time data processing, expansion of distributed systems, growth of e-commerce platforms, heightened need for data security, and advances in database technologies. Key trends during this period include the development of multi-model databases, advancements in database automation, integration with machine learning, the rise of edge computing, enhanced data privacy features, innovations in query optimization, and the expansion of database-as-a-service solutions.

The rising demand for online gaming and multimedia consumption is expected to fuel the growth of the NoSQL database market in the future. Online gaming and multimedia consumption involve interactive entertainment and media content, such as videos, music, and games, that are accessed over the internet. The increasing popularity of digital entertainment, advancements in technology, and the widespread availability of high-speed internet contribute to this growing demand. NoSQL databases are crucial for managing vast amounts of unstructured data, supporting high-performance queries, and handling real-time interactions, which enhances user experiences and data processing for complex applications. For example, in June 2022, a study by the Office of Communications (Ofcom), a UK-based government broadcasting and telecommunications authority, revealed that individuals aged 13 to 64 spent an average of seven and a half hours per week, or about one hour per day, engaging in online gaming activities. As a result, the rising demand for online gaming and multimedia consumption is driving the growth of the NoSQL database market.

Key players in the NoSQL database market are forming strategic partnerships to improve technology integration and broaden their market reach. Strategic partnerships involve collaboration between organizations to combine resources, expertise, and efforts to achieve shared goals. For example, in December 2022, Taashee Linux Services Private Limited (TLSPL), an India-based technology and software services firm, partnered with RavenDB, an Israel-based open-source NoSQL document database provider. This collaboration aims to provide Taashee’s clients with access to RavenDB’s advanced features, such as high-performance, fully ACID-compliant transactions, auto-indexing, and full-text search. The partnership is set to enhance Taashee’s ability to deliver customized, scalable database solutions for applications requiring high transaction integrity and efficient data handling across platforms.

In February 2023, Progress Software Corporation, a US-based company specializing in business application software, acquired MarkLogic Corp. for an undisclosed amount. This acquisition is intended to expand Progress’s product offerings and improve its capabilities in managing complex data and semantic metadata. The acquisition supports Progress’s Total Growth Strategy, which emphasizes investment, innovation, acquisition, integration, and customer success. MarkLogic Corp., also based in the US, provides enterprise-level NoSQL database solutions.

Major companies operating in the NoSQL database market are Google LLC, Microsoft Corporation, Amazon Web Services Inc., International Business Machines Corporation, Oracle Corporation, SAP SE, Hewlett Packard Enterprise (HPE), Databricks Inc., MongoDB Inc., Elastic NV, The Apache Software Foundation, Redis Labs Ltd., Neo4j Inc., DataStax Inc., Couchbase Inc., InfluxData Inc., Aerospike Inc., MapR Technologies Inc., TigerGraph Inc., InfiniteGraph Inc., Basho Technologies Inc., VoltDB Inc., OrientDB Inc., Fauna Inc., NuoDB Inc., RavenDB Ltd.

North America was the largest region in the NoSQL database market in 2023. The regions covered in the nosql database market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the nosql database market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A NoSQL database is a type of non-relational database designed to handle large volumes of unstructured or semi-structured data. These databases are optimized for distributed systems, providing scalability and faster access to diverse data, which makes them well-suited for modern applications such as real-time analytics, social media platforms, and big data processing.

The main types of NoSQL databases include key-value stores, document databases, column-based stores, and graph databases. Key-value stores manage data in pairs, with a unique key used to retrieve the corresponding value, making them suitable for applications that require simple lookups and quick data access. NoSQL databases are used by organizations of various sizes, including small and medium enterprises as well as large enterprises, for applications such as data storage, mobile apps, web apps, and data analytics. They are employed across various industry sectors, including banking, financial services, and insurance (BFSI), retail and e-commerce, healthcare and life sciences, government and public sector, telecom and information technology (IT), and manufacturing.

The NoSQL database market research report is one of a series of new reports that provides NoSQL database market statistics, including NoSQL database industry global market size, regional shares, competitors with an NoSQL database market share, detailed NoSQL database market segments, market trends and opportunities, and any further data you may need to thrive in the NoSQL database industry. This NoSQL database market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The NoSQL database market consists of revenues earned by entities providing services such as data storage solutions, real-time analytics, distributed data processing, cloud-based database management, and support for unstructured or semi-structured data across various applications. The market value includes the value of related goods sold by the service provider or included within the service offering. The NoSQL database market also includes sales of products such as multi-model databases, object databases, tuple stores, tabular databases, and multivalue databases. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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