Allied Market Research published a report, titled, “NoSQL Market by Type (Key-Value Store, Document Database, Column Based Store, and Graph Database), Application (Data Storage, Mobile Apps, Data Analytics, Web Apps, and Others), and Industry Vertical (Retail, Gaming, IT, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026” According to the report, the global NoSQL industry was pegged at $2.41 billion in 2018, and is expected to hit $22.08 billion by 2026, registering a CAGR of 31.4% from 2019 to 2026.
Download Sample Report: https://www.alliedmarketresearch.com/request-sample/640
Rise in unstructured data, increase in demand for data analytics, and surge in application development business across the globe drive the growth of the global NoSQL market. On the other hand, complexities related with testing NoSQL applications curtail down the growth to some extent. However, growth in big data is expected to create multiple opportunities in the industry.
Based on type, the key value store segment contributed to more than two-fifths of the global NoSQL market revenue in 2018, and is expected to lead the trail by the end of 2026. The simplicity in implementation of database is a major driver of the segment. On the other hand, the graph based segment would register the fastest CAGR of 34.2% throughout the forecast period. The ability to support a large number of connections drives the growth of the segment.
Based on application, the web apps segments accounted for more than one-fourth of the global NoSQL market share in 2018, and is anticipated to lead the trail till 2026. NoSQL is emerging as one of the most suitable technological options for storing web app session information which drives the segment. At the same time, the mobile apps segment would manifest the fastest CAGR of 33.5% during the study period. Due to storage in schema-less format, app developers can comfortably modify applications without making any major infrastructure changes which augments the growth of the segment.
Based on geography, North America held the lion’s share, generating more than two-fifths of the global NoSQL market. The higher awareness among North American users regarding the benefits of NoSQL technology is driving the adoption of NoSQL in this region. On the other hand, Asia-Pacific region is also projected to portray the fastest CAGR of 35.5% during the estimated period. This is due to rise in its adoption for social network development and app development purposes in the Asia-Pacific region.
For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/640
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR 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 in making strategic business decisions and achieving sustainable growth in their respective market domains.
AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.