Global NoSQL Market: Overview
Not only standardized query language (NoSQL) is a database mechanism developed for analysis, storage, and access to a massive volume of unstructured data. It enables schema-less data storage, unlike relational database storage. High scalability and precise control of NoSQL, along with simpler designs and comfortable big data management, are triggering the adoption of these databases. Some of the commonly available types of these databases are column-based stores, document databases, key value stores, and graph based stores. They are used for different applications, including web applications, data storage, mobile app development, e-Commerce, data analytics, and social network management across several industry verticals such as online game development, retail, and IT.
The research report on the global NoSQL market considers historical data and current market scenario in order to project future growth trends. It provides an in-depth analysis of market dynamics such as drivers, restraints, and opportunities and the extent with which they impact the growth of the market. It also presents a comprehensive assessment of the market’s growth across different segments in terms of value as well as volume. It offers reliable insights into the competitive landscape of the global NoSQL market. Competitive profiling of the key players along with their market shares, price and revenue structures, latest developments, and business strategies form a vital part of the report.
Global NoSQL Market: Drivers and Restraints
The rising awareness regarding the numerous benefits offered by NoSQL in managing big data is the foremost stimulant of the growth of the global NoSQL market. Moreover, the soaring use of web applications and analytics is providing a significant boost to the growth of the market. The multiplying number of applications that incorporate NoSQL database, including web session management, e-commerce, and mobile application development is also working in favor of the market.
As a result of protean business needs and users’ preferences, a staggering volume of unstructured and semi-structured data is being created every day. This is fuelling demand for data storage, which in turn is augmenting the market. On the other hand, the unstructured format of NoSQL makes its testing difficult. This is, therefore, limiting the widespread adoption of these databases. Nevertheless, technological advancements are estimated to address testing issues and boost the revenue generation of the market in the near future.
Global NoSQL Market: Geographical Segmentation
The report segments the market based on geography into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. North America will be a prominent destination for market players during the forecast period, owing to the growing adoption of IT across different industries and increasing access to the internet. The rising emphasis on social media management is another factor supplementing the growth of the region.
Asia Pacific is anticipated to rise at a noteworthy CAGR during the same period. The increasing adoption of NoSQL in the region can be attributed to the rising penetration of web applications and booming e-commerce sector.
Global NoSQL Market: Competitive Landscape
Several key players in the global NoSQL market are offering their products for free download, which can be upgraded to premium versions with purchased licenses. This is likely to be adopted by more participants to enhance their visibility in the market. Companies will be focusing towards business expansion through partnerships. The growing popularity of NoSQL is expected to attract new players to venture into the market, which will render the arena more competitive. Some of the key companies operating in the market are Couchbase, Basho Technologies, Aerospike Inc., IBM Corporation, MarkLogic Corporation, Neo technology Inc., Hypertable Inc., Cisco Systems Inc., Objectivity Inc., Oracle Corporation, and Microsoft Corporation.
Major regions analyzed under this research report are:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.