Rise in demand for NoSQL is expected to drive market expansion shortly at a CAGR of 28.50% during the forecast period 2023 to 2032.

Market Research Future (MRFR) has published a cooked research report on the “NoSQL Market” that contains information from 2018 to 2032. The NoSQL Market is estimated to register a CAGR of 28.50% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global NoSQL Market— Couchbase Inc., Oracle Corporation, ScyllaDB, Inc., Riak, Aerospike Inc., IBM Corporation, Objectivity, Inc., Neo4j, Inc., The Apache Software Foundation, Progress Software Corporation

Market Highlights

The global NoSQL Market is accounted to register a CAGR of 28.50% during the forecast period and is estimated to reach USD 67.82 billion by 2032.

The primary catalyst behind the market's growth is the escalating demand for effective big data management. NoSQL databases, characterized by their high scalability and flexibility, emerge as an ideal solution for managing large and intricate datasets, a task that conventional relational databases struggle to handle.

Segment Analysis

The global NoSQL Market has been segmented based on the Type, Application, and Industry Vertical.

Based on the Type, the market is segmented into Key-Value Store, Document Database, Column Based Store, and Graph Database. The Key-Value Store segment was attributed to holding the largest market share in 2022. Key-value store databases organize data using indexed keys and their corresponding values, adopting a schema-less arrangement for simplicity. In this context, the stored data within application instances is referred to as the 'Value,' while the identifier's reference is commonly termed the 'Key.' Technically, a key-value store represents a distributed associative array, utilizing a hash table for accessing unique keys. The straightforward implementation of databases, coupled with high scalability and the capability to support multiple data models on a single database for faster access, remains a significant driver for the continued application of key-value store databases.

Based on the Application, the NoSQL Market has been segmented into Data Storage, Mobile Apps, Data Analytics, Web Apps, and Others. The Web Apps segment was expected to hold the largest market share in 2022. In the realm of web applications, which involve substantial data processing for session information, user login details, etc., NoSQL is increasingly recognized as a highly suitable technological solution for storing web app session information. Key-value stores, with their specific properties, excel in efficiently managing unstructured session data when compared to traditional relational databases (RDBMS). The lower latency offered by key-value stores, coupled with seamless access to session data, ensures a superior user experience. Moreover, modern web pages prominently feature real-time advertisements, and NoSQL databases play a crucial role in supporting ad platforms by efficiently tracking user attributes. Additionally, web applications necessitate the storage of user-profiles and pertinent login credentials to ensure authenticity and confidentiality for each user. In practice, NoSQL key-value stores are employed to store profiles, where user IDs are associated with their respective information and preferences.

Based on the Industry Vertical, the NoSQL Market has been segmented into Retail, Gaming, IT, and Others. The Retail segment was expected to hold the largest market share in 2022. The retail sector extensively relies on NoSQL data stores, particularly in the context of physical outlets where substantial data is generated during the shopping process. This data serves as a valuable resource for business analytics, enabling the identification of sales trends and inventory patterns. Based on these insights, retail establishments devise strategies for multiple purposes, including marketing, inventory management, and logistics planning. NoSQL databases also play a crucial role in managing e-commerce activities. E-commerce platforms, dealing with significant volumes of customer data, benefit from the schema-less nature of this data, which varies across different user categories. A NoSQL database becomes essential for various e-commerce operations, such as order tracking and management, as well as delivery and logistics coordination.

Regional Analysis

The global NoSQL Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe NoSQL Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The NoSQL Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's NoSQL Market comprises of Middle East, Africa, and Latin America.

The largest market share for the NoSQL Market was maintained by the North American regional sector. North America stands as the dominant force in the overall NoSQL market, driven by factors such as a substantial presence of data centers and industry players in the region, coupled with the imperative to modernize existing data center infrastructure. The region hosts numerous key companies, particularly in the U.S., with notable examples including Splunk Inc., offering its NoSQL data analytics suite, Hunk. In March 2015, Splunk Inc. entered into a distribution agreement with Arrow Electronics, focusing on the U.S. and Canada.

Moreover, the Europe market has been persistently growing over the forecast period. The proliferation of disruptive technologies such as robotics, augmented reality, and machine learning has intensified the need for scalable and flexible infrastructure across various sectors. This trend is expected to drive market growth in Europe, supported by ongoing government initiatives aimed at transforming IT operations and modernizing IT infrastructure. In recent years, EU policymakers have strongly endorsed the achievement of the Digital Single Market (DSM). In December 2017, the European Parliamentary Research Service highlighted that an efficiently functioning DSM could contribute €415 billion annually to the economy for the period 2014-2019 and create hundreds of thousands of new jobs.

The Asian region emerges as a thriving market for IT outsourcing solutions, where Enterprise Resource Planning (ERP) systems traditionally rely on Relational Database Management System (RDBMS) technology to manage expansive enterprise operations. However, driven by client preferences and recognized benefits, Asian outsourcing companies are increasingly recognizing NoSQL as a valuable solution. Moreover, the adoption of graph databases is experiencing rapid growth in the region, fueled by the evolution of social media and gaming platforms in countries like Japan and China. The gaming industry in Asian countries, such as Japan and China, has witnessed substantial growth, with significant investments and revenue generated by major players like Tencent and SONY. Indian gaming, having raised $2.8 billion from domestic and global investors in the last 5 years, experienced a remarkable funding increase of 380% from 2019 and 23% from 2020. Tencent stands out as the world's largest video game company by revenue, reporting $83.64 billion in revenue last year. Following Tencent, Japan-based SONY holds the second position globally, having generated $80.87 billion in revenue. NetEase, Nintendo, and Sea secured the 3rd, 4th, and 5th positions with revenues of $14.42 billion, $13.79 billion, and $12.22 billion, respectively, in 2022.

Furthermore, the rest of the world's NoSQL Market is divided into the Middle East, Africa, and Latin America. The surge in e-commerce activities is expected to contribute significantly to the overall adoption of NoSQL in the region. A survey by logistics firm UPS revealed that, although two-thirds of customers in the Middle East now anticipate access to digital services when shopping or conducting business, 67% of the region's SMEs currently do not offer any online sales. The proliferation of online apps in the Middle East and Africa region is anticipated to further drive the adoption of NoSQL.

Key Findings of the Study

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  The global NoSQL Market is expected to reach USD 67.82 billion by 2032, at a CAGR of 28.50% during the forecast period.

  
  


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  The Asia-Pacific region accounted for the fastest-growing global market because of the increase in penetration of digitalization and higher adoption of advanced technology.

  
  


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  Based on Type, the Key-Value Store segment was attributed to holding the largest market in 2022, with an approximate market share of 55–60%.

  
  


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  Couchbase Inc., Oracle Corporation, ScyllaDB, Inc., Riak, Aerospike Inc., IBM Corporation, Objectivity, Inc., Neo4j, Inc., The Apache Software Foundation, Progress Software Corporation.