According to IMARC Group’s latest report, titled “NoSQL Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global NoSQL market reached a value of US$ 4.9 Billion in 2020. Looking forward, IMARC Group expects the global market to grow at a CAGR of around 30% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Not only standardized query language (NoSQL) refers to a database mechanism that analyzes, stores, and accesses a large volume of structured and unstructured data. It is a highly optimized key-value database that offers retrieval and apprehension of operations and provides performance benefits regarding latency and throughput. NoSQL is gaining popularity due to its high scalability and precise control, which delivers simple design solutions. It is also utilized in web applications, data analytics, and social network management.
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The global NoSQL market is primarily driven by the expanding financial sector. NoSQL is used in the financial sector to integrate data in a better and faster way while incurring significantly lesser costs. The rise in user-created content due to the growing influence of social media and easy accessibility to smartphones and the internet has resulted in the generation of unstructured data. This has created a significant demand for NoSQL database systems for data management and analysis. Furthermore, easy scalability provided by NoSQL over SQL-based systems due to horizontal scaling and high data availability is also positively influencing the market growth.
NoSQL Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the NoSQL market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Amazon Web Services
Neo Technology Inc.
Key Market Segmentation:
The report has segmented the global NoSQL market on the basis of database type, technology, vertical, application and region.
Breakup by Database Type:
Key-Value Based Database
Document Based Database
Column Based Database
Graph Based Database
Breakup by Technology:
Relational Database Management Systems (RDBMS)
Breakup by Vertical:
Breakup by Application:
Distributed Data Depository
Breakup by Region:
Middle East and Africa
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Key Highlights of the Report:
Market Performance (2015-2020)
Market Outlook (2021-2026)
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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