NoSQL Databases Software Market Report Overview
-
Request a Free Sample to learn more about this report
The global NoSQL databases software market size was USD 4867.8 million in 2021, as per our research, the market is projected to touch USD 19847.41 million by 2031, exhibiting a CAGR of 15.0% during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher than anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
NoSQL, commonly referred to as "Not Just SQL," makes it easier to store and retrieve data from non-relational databases. Unlike to relational databases (RDBMS), NoSQL enables related data to be organised in a single structure. After the 2000s, these databases became more widely used as a result of falling storage costs and rising demand for data processing. Additionally, NoSQL is compatible with content management systems, real-time analytics, and an increase in unstructured data applications thanks to its dynamic schema. The NoSQL databases software market growth is attributed to the growing adoption of Big Data across numerous industry verticals. Also, the benefits of NOSQL for different online applications are becoming more widely known, which is fueling market expansion.
COVID-19 Impact: The Pandemic Upsurged the NoSQL databases software Market Growth
Due to lockdowns and disruptions in industrial and supply chain activity, COVID-19 initially had a substantial impact on the market. On the other hand, the COVID-19 epidemic has accelerated the adoption of new technologies and growing e-commerce and online shopping culture while simultaneously increasing end users' dependency on them. The growing use of NoSQL databases software technology for the storage of data of patients records and many more during COVID-19, is likely to have a positive effect on the market growth. Being one of the largest user bases with an exceptional degree of support and documentation, the COVID-19 programme has paved the way for the development and deployment of cutting-edge technology.
LATEST TRENDS
"Evolution of Cloud Storage, Metadata, Big Data and Internet of Things to Advance the Market Share"
Sales of NoSQL database solutions are rising as cloud computing gains popularity due to its flexibility to store data across several servers. NoSQL allows for flexible scaling and can handle huge data. As a result, these functionalities are frequently used in mobile apps, data analytics, and web apps. The metadata store is a centralised location where all metadata, including provenance and details on the outcomes of recently run queries, is held for all data sets kept in the data store. A further factor driving NoSQL databases software market share is the Internet of Things' (IoT) growing use.
NoSQL Databases Software Market Segmentation
-
Request a Free Sample to learn more about this report
- By Type Analysis
Based on type, the NoSQL databases software market is subdivided into cloud-based, web-based and others.
The cloud-based is the leading part of the type segment.
- By Application Analysis
Based on the applications, the NoSQL databases software market is subdivided into large enterprises, SMEs and others.
The large is the enterprises leading part of the application segment.
DRIVING FACTORS
"A Systematic Approach and Conventional Data Storage Offered by NoSQL to Amplify the Market Share"
NoSQL is a non-relational database that uses key values to store and access data. Unlike a traditional database, which stores data in rows and columns, a NoSQL database saves each item separately with a unique key. It does not necessitate a structured schema that defines each table and its corresponding columns. This method of storing data is far more flexible than a relational database. In comparison to traditional SQL databases, a NoSQL database provides simple horizontal scaling, allowing for more efficient and faster scalability. Furthermore, its auto replication capability allows creators flexibility. Consequently, the increased acceptance of NoSQL databases due to its multiple benefits is expected to boost market growth throughout the forecast period..
"Dynamic Benefits Offered for Rising e-Commerce Applications to Witness Significant Growth "
Throughout the projected period, the social networking and e-commerce segments are expected to rise at a breakneck pace. People prefer online purchasing because of the convenience of home delivery and the discounts offered by internet retailers. The rise in need for e-commerce and web applications propels the NoSQL database industry and adds to overall market demand. Internet traffic data is regularly collected by e-commerce software. They are continually monitoring the digital imprint of any login activity and act accordingly. As a result, a huge amount of data collected must be translated from an unstructured to a structured format. A structured data format enables for the extraction of valuable information from the database. NoSQL organises this data and separates it into a structured manner on a regular basis to aid in data validation and monitoring. Online apps and social game advancements also contribute to market demand increase over the anticipated time.
RESTRAINING FACTORS
"The Incompetency in Handling the Complexities to Restrain the Market Growth"
Most NoSQL databases support the idea of "eventual consistency," which means that database updates are propagated to all nodes over time, therefore searches for data may not return updated data instantly or may result in reading inaccurate data. Because of the unstructured nature, managing sophisticated queries and testing Big Data is more difficult than with traditional databases, which might stifle industry growth. Future technology advances to alleviate testing and complexity challenges, on the other hand, may impede market dynamics during the projection period.
NoSQL Databases Software Market Regional Insights
-
Request a Free Sample to learn more about this report
"North American Region to Lead With Presence of Large Number of Consumers and Major Key Players"
Over the projected period, the North American NoSQL databases software market share is expected to expand rapidly, particularly in the growing nations like U.S.A. The market is characterised by technology developments that are anticipated to lead to the creation of improved options for tech industries and IT professionals. The market is being driven by the increasing adoption of cutting-edge technology and the presence of key players in the region. Furthermore, rising IT businesses and increased awareness of NoSQL databases across various industrial verticals are fueling market expansion.
KEY INDUSTRY PLAYERS
"The Prominent Players Contributing in the Market Growth"
The international, regional, and local players in the NoSQL databases software market are well-diversified and the market is moderately competitive. However, a few significant international companies, such Natus Medical Incorporated, Compumedics Ltd, Emotive Incorporation, g.tec medical engineering GmbH, and NeuroSky, control a large portion of the industry thanks to their strong brand names and wide distribution networks. Companies are discovered making investments in cutting-edge technology to provide their clients a digital transformation.
List of Market Players Profiled
- MongoDB (U.S.A)
- Amazon (U.S.A)
- ArangoDB (U.S.A)
- Azure Cosmos DB (U.S.A)
- Couchbase (U.S.A)
- MarkLogic (U.S.A)
- RethinkDB (U.S.A)
- CouchDB (U.S.A)
- OrientDB (U.K)
- RavenDB (Israel)
- Redis (U.S.A).
REPORT COVERAGE
The report examines elements affecting the demand and supply sides and estimates dynamic market forces for the forecast period. The report offers drivers, restraints, and future trends. After evaluating governmental, financial, and technical market factors, the report provides exhaustive PEST and SWOT analysis for regions. The research is subject to alteration if the key players and probable analysis of market dynamics change. The information is an approximate estimate of the factors mentioned, taken into consideration after thorough research.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 4867.8 Million in 2021 |
Market Size Value By |
US$ 19847.41 Million by 2031 |
Growth Rate |
CAGR of 15% from 2021 to 2031 |
Forecast Period |
2023-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
-
What value is the NoSQL Databases Software market expected to touch by 2031?
The global NoSQL databases software market is expected to reach USD 19847.41 million by 2031.
-
What CAGR is the NoSQL Databases Software market expected to exhibit by 2031?
The NoSQL databases software market is expected to exhibit a CAGR of 15.0% by 2031.
-
What are the driving factors of the NoSQL Databases Software market?
A systematic approach and conventional data storage offered by noSQL and the dynamic benefits offered for rising e-commerce applications are the driving factors of the NoSQL Databases Software market.
-
Which are the top companies operating in the NoSQL Databases Software market?
Objectivity Inc, Neo Technology Inc, MongoDB Inc, MarkLogic Corporation, Google LLC, Couchbase Inc, Microsoft Corporation, DataStax Inc, Amazon Web Services Inc, Aerospike Inc and others are the top companies operating in the NoSQL Databases Software market.