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The global NoSQL market reached a value of US$ 4.9 Billion in 2020. Looking forward, the market value is expected to reach US$ 29.6 Billion by 2026, growing at a CAGR of 30% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
NoSQL, non-SQL or not-only-SQL, is a non-relational database (NRDB) that provides a mechanism for storing and retrieving data. It is called not-only-SQL as it can support SQL, along with non-tabular, semi-structured, polymorphic, structured and unstructured data. A NoSQL database is constructed for particular data models and includes flexible schemas that enable programmers to build and manage modern applications. Some of the common types of NoSQL include document, key-value, column and graph databases. It can be utilized in various situations, such as when vast amounts of data are required to be retrieved and stored; when there is no need for constraints and joint support at the database level; and when data is dynamic and unstructured.
The exponential growth in user-created content, supported by factors such as the rising influence of social media, easy access to smartphones and increasing internet penetration, has led to the generation of big datasets. As this data is generally sparse and unstructured, it has created a significant demand for NoSQL database systems for data management and analysis. Besides this, the integration of NoSQL systems into the Industry 4.0 landscape has led to the possibility of high scalability, lower cost, schema flexibility and distributed computing. Moreover, non-relational databases are being increasingly used in the financial sector to integrate data in a better and faster way, while incurring significantly lesser costs. Other advantages offered by NoSQL over SQL-based systems, such as easy scalability due to horizontal scaling and high availability of data, which can replicate itself in case of any failure, are further driving the market growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global NoSQL market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on database type, technology, vertical, application and region.
Breakup by Database Type:
Breakup by Technology:
Breakup by Vertical:
Breakup by Application:
Breakup by Region:
The report has also analysed the competitive landscape of the market with some of the key players being Aerospike, Amazon Web Services, Apache Cassandra, Basho Technologies, Cisco Systems, Couchbase Server, Hypertable Inc., IBM, MarkLogic, Microsoft Corporation, MongoDB Inc., Neo Technology Inc., Objectivity Inc., Oracle Corporation, etc.
Key Questions Answered in This Report:
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