NoSQL Market Size & Share:
The global NoSQL market size was valued at USD 7.3 billion in 2022, and is projected to reach USD 86.3 billion by 2032, growing at a CAGR of 28.1% from 2023 to 2032.
A NoSQL is a database that includes a relational mechanism for storage and retrieval of structured and unstructured data that is modeled in means other than the tabular relations as used in relation databases (RDBMS). It encompasses a wide variety of database technologies that are developed to handle the increase in volume of data that is generated and stored. This data has increased in recent times due to Internet of Things, the internet, and others.
The NoSQL market is segmented into Type, Application and Industry Vertical. On the basis of type, the global market share was dominated by the key-value segment in 2022 and is expected to maintain its dominance in the upcoming years.
Segment Review:
The NoSQL market is segmented on the basis of type, application, industry vertical, and region. On the basis of type, it is categorized into key-value store, document database, column-based store, and graph database. On the basis of application, it is divided into data storage, mobile apps, data analytics, web apps, and others. The data storage segment is further sub-segmented into distributed data depository, cache memory, and metadata store. On the basis of industry vertical, it is categorized into retail, gaming, IT, and others. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
On the basis of type, the global NoSQL market share was dominated by the key-value segment in 2022 and is expected to maintain its dominance in the upcoming years, owing to the high scalability and the ability to support multiple data models on a single database with faster access would continue driving its application. However, the document database segment is expected to witness the highest growth, as this database services help to reduce the time and costs associated with optimizing systems in the initial phase of deployment.
On the basis of application, it is divided into data storage, mobile apps, data analytics, web apps, and others.
On the basis of industry vertical, it is categorized into retail, gaming, IT, and others.
On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
On the basis of region, North America dominated the market share in 2022 for the NoSQL market. This region is more focused on regulatory compliance solutions for data privacy and security further anticipated to propel the growth of the NoSQL market. However, Asia-Pacific is expected to exhibit the highest growth during the forecast period. This is attributed to the increase in penetration of digitalization and higher adoption of advanced technology are expected to provide lucrative growth opportunities for the market in this region.
The ability to comfortably manage big data is another significant reason for the adoption of Non-SQL market. The NoSQL technology is emerging in the database market horizon and is expected to grow rapidly over the next few years. This technology, ideally, is not a substitute for conventional RDBMS products such as Oracle SQL and Microsoft Access. However, it helps to overcome limitations observed in conventional RDBMS technologies. In addition, NoSQL is also a type of distributed database, which means that information is copied and stored on various servers, which can be remote or local. This ensures the availability and reliability of data. If some of the data goes offline, the rest of the database can continue to run.
The key factors that drive the growth of the Not only SQL market include the rise in demand for big data analytics. Big data analytics solutions have gained significant adoption to increase the use of IT and control systems among business operators, particularly smartphone usage and other digital technologies. Data analytics is used for the analysis of data generated in numerous processes, highlighting key business insights which in turn support the growth of the market.
The growth of NoSQL industry is augmented by the increase in need for scalable and flexible database solutions in enterprises. The rise in the growth of digital solutions in several industries all over the globe and increase in investment by public and private authorities to expand their product portfolio in database solutions have impacted the market growth. The adoption of threat intelligence solutions for compliance is further fueled by the growing adoption of cloud computing technology.
However, a significant challenge in this market is the high complexities of administrating NoSQL databases. NoSQL databases often require a different set of skills and knowledge compared to traditional relational databases. Database administrators and developers need to learn how to work with NoSQL databases effectively. This skill gap can be a barrier for organizations without the necessary expertise. Consequently, this factor impedes the wider adoption of these solutions, particularly among organizations with limited financial means. Service providers might need to offer more flexible and scalable alternatives to cater to a broader spectrum of businesses. In addition, the potential threat of data-related inconsistencies limits the growth of the global market. However, the rise in adoption of advanced technologies such as AI and ML is anticipated to emerge as a lucrative opportunity for the growth of the NoSQL industry.
The report analyzes the profiles of key players operating in the NoSQL market such as Aerospike Inc., Couchbase Inc., IBM Corporation, Neo4j, Inc., Objectivity, Inc, Oracle Corporation, Progress Software Corporation, Riak, ScyllaDB, Inc. and Apache Software Foundation. These players have adopted various strategies such as collaboration, acquisition, and product launch to increase their market penetration and strengthen their position in the NoSQL market.
Top Impacting Factors
Rise in Demand for Big Data Analytics
The rise in the trend of big data analytics solutions in several sectors and among individuals has directly influenced the growth of the global NoSQL market. In addition, the increase in demand for data analytics in different industry aspects such as customer satisfaction, reliability, operational efficiency, and safety is the key factor driving the global market growth. Consequently, big data analytics solutions have gained significant adoption to increase the use of IT and control systems among business operators, particularly smartphone usage and other digital technologies. According to the article published by Keboola in June 2022, nearly 90% of enterprise analytics and business professionals stated that data and analytics are key to digital transformation of their organization.
In addition, increased use of smartphones and the internet helps consumers to easily access online platforms, by simply downloading the application on their phones. Such ease of access has contributed to the high growth adoption for the global market, which in turn is expected to contribute to the increased installation of NoSQL market, globally.
High Complexities to Administrate NoSQL Databases
The major challenge for the growth of the global NoSQL market is the high complexity rate of administrating the NoSQL database. NoSQL databases often require a different set of skills and knowledge compared to traditional relational databases. Database administrators and developers need to learn how to work with NoSQL databases effectively. This skill gap can be a barrier for organizations without the necessary expertise and is certainly restraining the adoption of NoSQL solutions across the globe. NoSQL databases come in various types, such as document-oriented, key-value, column-family, and graph databases. Administrators and developers may need to become proficient in different database types, depending on the specific use cases within their organization.
However, these sophisticated technologies and equipment have difficult design, development, and implementation of digitalized systems, which would be the major restraining factor for the growth of the global market. Therefore, a lack of technical expertise and high complexities in administrating NoSQL databases would prove to be the major obstacle to this market growth across the globe.
Rise in Adoption of Advanced Technologies Such as AI and ML
The increase in the adoption of AI and ML technologies in several sectors has proliferated the demand for NoSQL database solutions. The integration between NoSQL and AI/ML has improved the capabilities of database operations, allowing them to perform more complicated tasks, make intelligent decisions, and adapt to evolving environments. In addition, AI and ML applications often require massive amounts of data for training and inference. NoSQL databases are well-suited for handling large volumes of unstructured or semi-structured data, making them a critical component in supporting the scalability needs of AI and ML workloads.
Consequently, many public and private companies have increasingly adopted these technologies to enhance their product portfolio. According to an IBM report published in May 2022, nearly 35% of companies reported using AI in their business, and an additional 42% reported they are exploring AI. Thus, such factors are expected to propel numerous opportunities for these technologies in the global market.
Market Landscape and Trends
The NoSQL market has witnessed significant growth in the past few years; due to the outbreak of the COVID-19 pandemic, the market witnessed a sudden increase in demand during the period. This was attributed to the fact that there was an increase in demand for online services, as businesses were moving to capitalize on the increased automation and digitalization in several sectors. Furthermore, the rise in the number of COVID-19 cases influenced governments and local authorities to enforce strict measures such as social distancing and self-isolation policies to the closing of physical shops and businesses. This was intended to help slow the spread of COVID-19 cases, which further caused a growth in number of businesses depending on digital technologies. Such trends accelerated the digital transformation of physical businesses during the period of the pandemic.
On the other hand, the economic uncertainties caused by the pandemic prompted organizations to seek cost-efficient solutions. Consequently, organizations could quickly scale up their business solutions deployments in the NoSQL database to accommodate a large number of remote users without the need for significant infrastructure investments. For instance, in July 2021, Couchbase launched its updated NoSQL database providing users with a series of new features that aim to narrow the gap between NoSQL and relational databases. This is expected to boost the demand for NoSQL solutions among large and small organizations.
Competition Analysis:
Competitive analysis and profiles of the major players in the NoSQL market includes Aerospike Inc., Couchbase Inc., IBM Corporation, Neo4j, Inc., Objectivity, Inc, Oracle Corporation, Progress Software Corporation, Riak, ScyllaDB, Inc. and Apache Software Foundation. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, which help to drive the growth of the NoSQL market globally.
Recent Partnerships in the NoSQL Market:
For instance, in May 2023, MongoDB partnered with Alibaba Cloud, MongoDB and Alibaba Cloud have also expanded aspects of the alliance including new joint marketing efforts, joint revenue commitments, and tighter technology integrations. Customers can rapidly innovate and scale their business while reducing costs and increasing efficiency on ApsaraDB for MongoDB by using the MongoDB database with Alibaba Cloud’s distinctive features.
Recent Product Launches in the NoSQL Market:
For instance, in July 2021, Couchbase launched its updated NoSQL database providing users with a series of new features that aim to narrow the gap between NoSQL and relational databases.
Recent Collaboration in the NoSQL Market:
For instance, in November 2021, Goldman Sachs collaborated with AWS, to create new data management and analytics solutions for financial services organizations.
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the NoSQL market analysis from 2022 to 2032 to identify the prevailing NoSQL market growth opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the NoSQL market size segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global NoSQL market forecast.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global NoSQL market trends, key players, market segments, application areas, and market growth strategies.
NoSQL Market Report Highlights
| Aspects | Details |
 Market Size By 2032 | USD 86.3 billion |
 Growth Rate | CAGR of 28.1% |
 Forecast period | 2022 - 2032 |
 Report Pages | 350 |
 By Type |
|
 By Application |
|
 By Industry Vertical |
|
 By Region |
|
 Key Market Players | Oracle Corporation, Aerospike Inc., The Apache Software Foundation, Couchbase Inc., Progress Software Corporation, Riak, ScyllaDB, Inc., Neo4j, Inc., IBM Corporation, Objectivity, Inc |
Analyst Review
The Not only SQL (NoSQL) technology has garnered high adoption among digital industries due to its performance, scalability, schema flexibility, and analytic capabilities. Moreover, it has gained spectacular popularity for big data and web & specialized applications development projects owing to its key-value store and column-based store schemes. This is expected to boost market growth over the next few years. Furthermore, the competitive landscape within the market is anticipated to become even more intense as a consequence of technological advancements, product expansions, and various strategies employed by key vendors.
The NoSQL market is anticipated to grow significantly during the forecast period. There are a few major trends in the NoSQL market such as the growth in adoption of cloud-based NoSQL solutions and surge in emphasis on real-time database solutions. These trends have positively impacted the overall NoSQL market.
Though, NoSQL is not a substitute for conventional RDBMS products such as Oracle SQL, and Microsoft Access. It is evident from its use cases that NoSQL overcomes imitations observed in conventional RDBMS technologies. In addition, rise in unstructured data with conventional RDBMS solutions has propelled the growth of NoSQL databases across various industry verticals.
On the basis of region, the NoSQL market trends have been analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America contributed the maximum revenue in 2022 and is expected to grow at a significant growth rate as compared to other regions. Factors such as the presence of prominent technology companies and industry consortiums focusing on digital infrastructure have contributed to the demand for advanced NoSQL solutions. Asia-Pacific is the fastest-growing region in the market, which is mainly attributed to the growth in focus of the market players to address the demands for advanced database frameworks with cost-effectiveness.
Major companies operating in the NoSQL market have focused on strategic partnerships to develop advanced NoSQL solutions. For instance, in May 2023, MongoDB partnered with Alibaba Cloud, MongoDB and Alibaba Cloud have also expanded aspects of the alliance including new joint marketing efforts, joint revenue commitments and tighter technology integrations. Customers can rapidly innovate and scale their business while reducing costs and increasing efficiency on ApsaraDB for MongoDB by using the MongoDB database with distinctive features of Alibaba Cloud. Similar strategies by the market players operating at a global and regional level will help the market to grow significantly during the forecast period.
Some of the key players profiled in the report include Aerospike Inc., Couchbase Inc., IBM Corporation, Neo4j, Inc., Objectivity, Inc, Oracle Corporation, Progress Software Corporation, Riak, ScyllaDB, Inc. and Apache Software Foundation. These players have adopted various strategies to increase their market penetration and strengthen their position in the NoSQL market.
Enterprise-wide rise in emphasis on multi-model and serverless database is one of the key upcoming trends in NoSQL market in the world.
Web apps is the leading application of NoSQL Market.
North America is the largest regional market for NoSQL.
The estimated industry size of NoSQL was $7,256.2 million in 2022.
Aerospike Inc., Couchbase Inc., IBM Corporation, Neo4j, Inc., Objectivity, Inc, Oracle Corporation, are the top companies to hold the market share in NoSQL
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