NoSQL
also know as not only SQL (structured query language) is a tool used
for data design and management of large quantity of distributed data.
NoSQL database comprise a wide range of architecture and technologies
designed to overcome problems of scalability and big data performance
problems. NoSQL is very useful when organizations have to deal with
large amount of unstructured and semi-structured data or remotely
stored data or information on virtual servers. Some NoSQL
implementations that were launched in the market include Google
BigTable, MapReduce, Voldemort, SimpleDB, Apache Hadoop and
MemcacheDB among others. This database has enhanced scalability and
offer superior performance which the rational database management
system (RDBMS) was not designed to cope with.
NoSQL database helps to manage large volumes of unstructured data and
posses’ ability for quick iteration, agile sprints, and object
oriented programming among others. Moreover, NoSQL database is
flexible and easy to use and has scale-out and efficient architecture
which is inexpensive. The type of NoSQL database includes graph
stores, wide-column stores, document databases and key-value stores.
Key-value stores find increased usage over the other type as they
facilitate usage of session management, e-commerce and web based
applications. Additionally, document database due to its basic and
simple design are the second most popularly adopted NoSQL database.
NoSQL
provides comprehensive solution to organizations to manage the big
data generated through daily operations; moreover it’s increased
usage for data analysis and storage and web applications drives the
growth of this market. NoSQL database cater to a wide variety of
applications such as management of web session, e-commerce and mobile
application development among others, which in turn contributes to
its increased adoption worldwide. Large amount of big data is being
generated and processed regularly which has a positive impact on the
growth of NoSQL market.
NoSQL
database have found increased popularity among customers as it allows
organizations to process and store large volumes of data at less cost
compared to RDBMS. Advancement of information technology (IT) and
increase Internet access across the globe has propelled the growth of
NoSQL market. Due to increased usage of IT, management of social
media and increasing Internet access across North America, this
region is a major driver for NoSQL market. In addition, Asia Pacific
in terms of growth is expected to be the most lucrative for NoSQL
market.
NoSQL
market can be segmented based on application and geography. In terms
of application it’s categorized into defense, finance and banking,
geosciences, biotechnology, mobile and telecommunication and others.
NoSQL
Database are in their pre-production versions which pose a hindrance
to its market growth as the users are not well informed about the
technologies employed. Moreover, NoSQL is an open source database so
security of data is questionable. However, flexibility of various
data models, elastic scalability, seamless operation with cloud and
others continue to drive the growth of NoSQL market. Innovation
launches and collaborative efforts from customers and vendors offer a
positive upsurge to the growth of NoSQL market.
Some
of the key players in NoSQL market include IBM Corporation,
Aerospike, Inc., Oracle Corporation, Basho Technologies, Objectivity,
Inc., MarkLogic Corporation, Microsoft Corporation, Couchbase, Neo
technology, Inc., Cisco Systems, Inc., Hypertable, Inc., and others.
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