The NoSQL Market | Fact and Forecast | Growth Factors | Key Trends

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The NoSQL Market Fact and Forecast Growth
Factors Key Trends
Opportunities and Forecasts, 2014- 2022
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INTRODUCTION
Among all types of NoSQL databases, the key-value
stores, should remain the most preferred type of
NoSQL, due to their usage in web applications for
blogs, session management and e-commerce. The
usage of NoSQL, is significantly high in IT, for
web session management, social network
management, etc. The key value stores, are the
driving factors of the market, with its
applications in web session management, user
profile management and e-commerce support.
Document databases, have emerged as the next most
attractive type of NoSQL, with its simple design
and basic ability, to support analytical queries.
Several leading players, such as Couchbase,
MongoDB, Amazon, MarkLogic, etc. are indulging in
agreements, with all application industry
players, in order to rise in the market. The
agreement of these players, with leading
companies, such as Google, Facebook, Twitter,
MetLife, Snapdeal, Flipkart, etc. are
facilitating a win-win situation for both parties.
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Key findings of NoSQL Market

• Key findings of NoSQL Market
• Global market for NoSQL, is slated to grow, due
  to adoption of a wide variety of applications,
  such as web session management, mobile app
  development and e-commerce, during the forecast
  period of 2014-2020
• Graph based NoSQL market is poised to grow at a
  rapid CAGR of 40.8, during 2014-2020
• Asia-Pacific region, would prove to be one of the
  most lucrative markets, in terms of growth. The
  market is expected to grow at a CAGR of 41.3
  during 2014-2020
• The North American region, would continue to soar
  as the major driver of NoSQL market, which would
  be valued more than 40 of its market size, by
  2020
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NoSQL Market is expected to garner 4.2 billion
by 2020, registering a CAGR of 35.1 during the
forecast period 2014-2020. The NoSQL Market
(Not Only SQL) is a database mechanism developed
for storage, analysis and access of large volume
of unstructured data. NoSQL allows schema-less
data storage which is not possible with
relational database storage. The benefits of
using NoSQL database include high scalability,
simpler designs and higher availability with more
precise control. The ability to comfortably
manage big data is another significant reason for
the adoption of NoSQL databases. The problems
while testing and managing complex queries as
compared to relational database approaches is a
major restraint for the wider adoption of NoSQL
technology.
OVERVIEW
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Increasing Big Data market The Big Data market
is rising rapidly since the past few years. The
conventional database technology, RDBMS is not
suitable for storage and analysis of Big Data
volumes. However, Hadoop and NoSQL solutions have
emerged as the most appropriate technologies for
Big Data management. The impact of the Big Data
market would boost the adoption of
NoSQL. Limited NoSQL applications NoSQL
supports moderate level analytics on stored data
records. Enterprises need to perform complex real
time transactions on stored data, which is
supported by the RDBMS database platform. This
limits the usage of NoSQL for critical business
analysis. In future, the impact of this factor
during NoSQL adoption would remain at a similar
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KEY BENEFITS
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Size Forecast
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The market growth can be attributed to
innovative launches of NoSQL solutions, and
collaborative efforts by NoSQL vendors
customers. The efforts of customer companies, in
order to improve their market offerings, are
generating the demand of NoSQL, as a back end
support. The emergence of agile software
development, is generating the demand for NoSQL.
Numerous leading companies such as MongoDB, Riak,
Amazon, etc. are offering their NoSQL database,
for free download, which can be upgraded to suit,
increased needs of business, with purchased
licenses. Prominent companies, profiled in the
report include, Couchbase, Aerospike, Neo4j,
InfiniteGraph, Basho Technologies, Hypertable,
Cassandra and MarkLogic. Need More Information
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KEY PLAYERS
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IMPACTING FACTORS
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