NoSQL Market Estimated to Reach $22.08 Billion by 2026, Says Allied Market Research
Pune, Maharashtra, India, September 15 2020 (Wiredrelease) Allied Analytics :According to the report, the global NoSQL Market 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. 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.
Download Sample Report: https://www.alliedmarketresearch.com/request-sample/640
Due to global lockdown, the usage of social networking and online gaming has been increased. This fueled the demand for NoSQL application in the social networking and online gaming market.
The adoption of NoSQL applications in regions including North America and Asia-pacific has been increased amid COVID-19.
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 the implementation of the 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.
North America held the lions 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, the Asia-Pacific region is also projected to portray the fastest CAGR of 35.5% during the estimated period. This is due to the 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
Frontrunners in the industry:
Neo Technology Inc.
Amazon Web Services Inc.
Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at:
Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the worlds largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research 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 to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials Chemicals, Construction Manufacturing, Food Beverages, Energy Power, Semiconductor Electronics, Automotive Transportation, ICT Media, Aerospace Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free: 1-800-792-5285
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Follow Us on: LinkedIn Twitter
This content has been published by Allied Analytics company. The WiredRelease News Department was not involved in the creation of this content. For press release service enquiry, please reach us at firstname.lastname@example.org.