Global NoSQL Market Report and Forecast 2024-2032

Global NoSQL Market Outlook

The global NoSQL market size reached approximately USD 9.86 billion in 2023. The market is further projected to grow at a CAGR of 29.5% between 2024 and 2032, reaching a value of USD 103.26 billion by 2032.

Key Trends in the Market

NoSQL is a database management system that stores and handles large amounts of semi- and unstructured data. This database scales horizontally for handling increasing amounts of data and uses a flexible data model for adapting to changes in the data structure. The NoSQL databases are widely recognised due to their functionality and ease of development.

• The increasing adoption of non-relational databases in the BFSI sector is aiding the NoSQL market growth. These databases allow the integration of the data in a more efficient and rapid manner, resulting in significantly lower maintenance costs.

• The growing requirement for analytical solutions from businesses across the globe due to the rising demand for decision optimisation is supporting the market expansion. The rising need for automation of business process optimisation methodologies for forecasting various business process outcomes is further supporting the market growth.

• The rising popularity of gaming is boosting the requirement for NoSQL databases as they aid in management and storage of large volumes of player data. These databases are equipped to deal with large volumes of traffic, bolstering their utilisation in gaming applications.

Global NoSQL Market Analysis

On the basis of database type, the market is divided into key-value based database, document based database, column based database, and graph based database. Based on application, the market is segregated into data storage, data analytics, web apps, and mobile apps, among others.

On the basis of end use, the market is classified into BFSI, healthcare, telecom, government, and retail, among others. Based on region, the NoSQL market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Oracle Corp. 

• Amazon Web Services, Inc. 

• Microsoft Corp. 

• MongoDB, Inc. 

• IBM Corp. 

• The Apache Software Foundation (Apache Cassandra) 

• Hibernating Rhinos Limited 

• Couchbase, Inc. 

• Aerospike, Inc. 

• Neo4j, Inc. 

• Others

Market Share by Database Type

Document based database is anticipated to account for a significant NoSQL market share over the forecast period. This growth can be attributed to the quick, efficient, and simple working of the database. The database stores data as JSON (JavaScript Object Notation) and is compatible with high volume web applications. The ease of development, flexible schema, and ability to process large amounts of data in an efficient manner is further boosting the adoption of the database.

Market Share by Region

North America is witnessing significant growth owing to the increasing focus on regulatory compliance solutions for ensuring the privacy of user data. The NoSQL market demand is also increasing due to the rapid expansion of the IT sector in the region and growing popularity of online games and OTT platforms. The rising requirement for data analytics and increased availability of unstructured data is further bolstering the demand for NoSQL.

Competitive Landscape

Oracle Corp., headquartered in Texas, United States, is an IT services and consulting company that specialises in NoSQL, server and storage systems, CRM on demand, solutions for communication industries, and business intelligence, among others.

Amazon Web Services, Inc. is an IT services and consulting company that was founded in 2006 and is headquartered in Washington, United States. The company provides various services related to internet of things, network, storage, and computing, among others.

Microsoft Corp. is a software development company that specialises in windows applications and platforms, machine learning, artificial intelligence, NoSQL, and quantum computing, among others. The company was founded in 1975 and is headquartered in Washington, United States.

Other NoSQL market key players include MongoDB, Inc., IBM Corp., The Apache Software Foundation (Apache Cassandra), Hibernating Rhinos Limited, Couchbase, Inc., Aerospike, Inc., and Neo4j, Inc., among others.

Key Highlights of the Report