Summary: “NoSQL Market” the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
NoSQL Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $4.2 billion by 2020, registering a CAGR of 35.1% during the period 2014-2020. The NoSQL usage, in web applications and data storage & analysis, is poised to drive the NoSQL market, significantly, through the analysis period of 2013 – 2020. North America, is slated to remain, as a major market driving region, contributing to more than 2/5 of the overall industry revenue, through 2020.
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Among all types of NoSQL databases, the key-value stores, should remain the most preferred type of NoSQL, due to their usage in web applications for blogs, session management and e-commerce. The usage of NoSQL, is significantly high in IT, for web session management, social network management, etc.
The key value stores, are the driving factors of the market, with its applications in web session management, user profile management and e-commerce support. Document databases, have emerged as the next most attractive type of NoSQL, with its simple design and basic ability, to support analytical queries. Several leading players, such as Couchbase, MongoDB, Amazon, MarkLogic, etc. are indulging in agreements, with all application industry players, in order to rise in the market. The agreement of these players, with leading companies, such as Google, Facebook, Twitter, MetLife, Snapdeal, Flipkart, etc. are facilitating a win-win situation for both parties.
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The market growth can be attributed to innovative launches of NoSQL solutions, and collaborative efforts by NoSQL vendors & customers. The efforts of customer companies, in order to improve their market offerings, are generating the demand of NoSQL, as a back end support. The emergence of agile software development, is generating the demand for NoSQL. Numerous leading companies such as MongoDB, Riak, Amazon, etc. are offering their NoSQL database, for free download, which can be upgraded to suit, increased needs of business, with purchased licenses. Prominent companies, profiled in the report include, Couchbase, Aerospike, Neo4j, InfiniteGraph, Basho Technologies, Hypertable, Cassandra and MarkLogic.
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About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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