NoSQL (Not Only SQL) is a database mechanism developed for storage, analysis, and access of large volume of unstructured data. NoSQL allows schema-less data storage, which is not possible with relational database storage. The benefits of using NoSQL database include high scalability, simpler designs, and higher availability with more precise control. The ability to comfortably manage big data is another significant reason for the adoption of NoSQL databases. The NoSQL technology is emerging in the database market horizon and is expected to grow rapidly over the next few years. This technology, ideally, is not a substitute for conventional RDBMS products such as Oracle SQL and Microsoft Access. However, it helps to overcome limitations observed in conventional RDBMS technologies.
The rise in social media such as games, blogs, and portals such as Facebook, LinkedIn, and matrimonial sites, has led to surge in semi-structured and unstructured data. NoSQL is the only feasible technology to store and manage this data. The impact of this factor would further increase in future, due to rise in structured and/or unstructured data from applications such as social media, retail transactions, and web applications. Moreover, as NoSQL is the most suitable technology for agile app development, with rise in the app development economy, NoSQL adoption is set for an increase in the coming years, which in turn is expected to garner high market growth. However, the software testing of NoSQL database designs is complicated as compared to RDBMS, which is a restraining factor of the market. Furthermore, increase in investments in big data and business analytics tools among large number of organizations that drive revenue growth and improve service efficiencies is an opportunistic factor of the market.
The NoSQL market is segmented on the basis of type, application, industry vertical, and region. By 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. Further, the data storage segment is sub-segmented into distributed data depository, cache memory, and metadata store. Depending on industry vertical, it is categorized into retail, gaming, IT, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The market players operating in the NoSQL market 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. These major players have adopted various key development strategies such as business expansion, new product launches, and others, which help drive the growth of the global NoSQL market.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Type
By Application
By Industry vertical
By Region
KEY MARKET PLAYERS
The rise in social media such as games, blogs, and portals such as Facebook, LinkedIn, and matrimonial sites, has led to surge in semi-structured and unstructured data. NoSQL is the only feasible technology to store and manage this data. The impact of this factor would further increase in future, due to rise in structured and/or unstructured data from applications such as social media, retail transactions, and web applications. Moreover, as NoSQL is the most suitable technology for agile app development, with rise in the app development economy, NoSQL adoption is set for an increase in the coming years, which in turn is expected to garner high market growth. However, the software testing of NoSQL database designs is complicated as compared to RDBMS, which is a restraining factor of the market. Furthermore, increase in investments in big data and business analytics tools among large number of organizations that drive revenue growth and improve service efficiencies is an opportunistic factor of the market.
The NoSQL market is segmented on the basis of type, application, industry vertical, and region. By 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. Further, the data storage segment is sub-segmented into distributed data depository, cache memory, and metadata store. Depending on industry vertical, it is categorized into retail, gaming, IT, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The market players operating in the NoSQL market 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. These major players have adopted various key development strategies such as business expansion, new product launches, and others, which help drive the growth of the global NoSQL market.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the current & future trends of the market to elucidate the imminent investment pockets.
- Information about key drivers, restraints, and opportunities and their impact analysis on the global NoSQL market size is provided.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the NoSQL industry.
- The quantitative analysis of the market from 2018 to 2026 is provided to determine the global NoSQL market potential.
KEY MARKET SEGMENTS
By Type
- Key-Value Store
- Document Database
- Column-based Store
- Graph Database
By Application
- Data Storage
- Distributed Data Depository
- Cache Memory
- Metadata Store
- Mobile Apps
- Data Analytics
- Web Apps
- Others (E-commerce and Social Networks)
By Industry vertical
- Retail
- Gaming
- IT
- Others
By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
KEY MARKET PLAYERS
- Aerospike, Inc.
- Amazon Web Services, Inc.
- DataStax, Inc.
- Microsoft Corporation
- Couchbase, Inc.
- Google LLC
- MarkLogic Corporation
- MongoDB, Inc.
- Neo Technology, Inc.
- Objectivity, Inc.
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Global Nosql Market, by Type
Chapter 5: Global Nosql Market, by Application
Chapter 6: Global Nosql Market, by Industry Vertical
Chapter 7: Global Nosql Market, by Region
Chapter 8: Competitive Landscape
Chapter 9: Company Profile
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
- Aerospike Inc.
- Amazon Web Services Inc.
- DataStax Inc.
- Microsoft Corporation
- Couchbase Inc.
- Google LLC
- MarkLogic Corporation
- MongoDB Inc.
- Neo Technology Inc.
- Objectivity In
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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