Global NoSQL Market to Reach US$ 74.5 Billion by 2032, Accelerated by Rising Number of E-Commerce Platforms

June 08, 2023 | Technology & Media

According to the latest report by IMARC Group, titled "NoSQL Market Report by Database Type (Key-Value Based Database, Document Based Database, Column Based Database, Graph Based Database), Vertical (BFSI, Healthcare, Telecom, Government, Retail, and Others), Application (Data Storage, Metadata Store, Cache Memory, Distributed Data Depository, e-Commerce, Mobile Apps, Web Applications, Data Analytics, Social Networking, and Others), and Region 2024-2032," the global NoSQL market size reached US$ 9.5 Billion in 2023. Not only SQL (NoSQL) is a database or a storage management system that is employed by technical professionals for managing, storing, organizing, and understanding data. It has a nonlinear structure and cannot be queried using SQL, which is a common programming query language. It is often easier to scale and access globally and can support most cloud application requirements. It allows individuals to store data without the involvement of rigid schemas that is essential for innovation and rapid application development. It automatically replicates data across multiple servers, data centers, and cloud resources to minimize latency for users effectively.

Global NoSQL Market Trends:

At present, the increasing demand for NoSQL, as it is a suitable storage solution for big data, represents one of the primary factors influencing the market positively. Besides this, the rising number of e-commerce platforms for various products and services online is propelling the growth of the market. In addition, the growing adoption of NoSQL to transform unstructured data into a structured format is offering a favorable market outlook. Apart from this, the increasing employment of social media marketing for connecting with targeted customers is contributing to the growth of the market. Additionally, the rising demand for analytical solutions, as they are capable of providing decision optimization based on data-driven techniques, is strengthening the growth of the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 74.5 Billion by 2032, exhibiting a CAGR of 24.9% during 2024-2032.      

Market Summary:

  • On the basis of the database type, the market has been segmented into key-value based database, document based database, column based database, and graph based database. Presently, key-value based database represents the largest segment in the market.
  • On the basis of the vertical, the market has been classified into BFSI, healthcare, telecom, government, retail, and others. NoSQL finds extensive application in the telecom sector.
  • Based on the application, the market has been divided into data storage, metadata store, cache memory, distributed data depository, e-commerce, mobile apps, web applications, data analytics, social networking, and others. Data analytics currently account for the total market share.
  • Region-wise, the market has been divided into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Amongst these, North America (the United States and Canada) enjoys the leading position in the market.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include Aerospike, Amazon Web Services, Apache Cassandra, Basho Technologies, Cisco Systems, Couchbase, Inc., Hypertable Inc., IBM, MarkLogic, Microsoft Corporation, MongoDB Inc., Neo Technology Inc., Objectivity Inc., and Oracle Corporation.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Database Type, Vertical, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Aerospike, Amazon Web Services, Apache Cassandra, Basho Technologies, Cisco Systems, Couchbase, Inc, Hypertable Inc., IBM, MarkLogic, Microsoft Corporation, MongoDB Inc., Neo Technology Inc., Objectivity Inc. and Oracle Corporation
Customization Scope 10% Free Customization
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Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global NoSQL Market to Reach US$ 74.5 Billion by 2032, Accelerated by Rising Number of E-Commerce Platforms
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