Friday, 13 May 2016

Emerging Trends Boost In world of NoSQL Database Technology

 A new market research report by Transparency Market Research, titled "NoSQL Market- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023," offers a detailed overview of the present scenario of the global NoSQL market and presents insights into the key factors determining the growth of the market during the period between 2015 and 2023. The report estimates the size and valuation of the market by the end of the forecast period. The global NoSQL market has been studied on the basis of applications and regions. The report further profiles some of the key players operating in the market.

NoSQL, also referred as Not Only SQL (Structured Query Language) is a software used for designing and management of large quantity of distributed data. NoSQL is particularly helpful when organizations deal with a large amount of unstructured or remotely stored data on virtual servers. Some of the NoSQL implementations available in the market are MapReduce, Apache Hadoop Google BigTable, SimpleDB, Voldemort, and MemcacheDB. This database provides enhanced scalability and offers superior performance compared to the rational database management system (RDMS).

The flexibility of various NoSQL data models, seamless operation with cloud, and elastic scalability are the primary factors driving demand from the global NoSQL market. Innovative developments and collaborative efforts from market players are expected to push the growth of the market during the forecast horizon. However, NoSQL database models are in their pre-production versions and users are not well informed about the technologies. Further, it is an open source database. Hence, security of data is questionable. These factors are anticipated to hinder the market growth in the near future.

In terms of applications, the report segments the global NoSQL market into finance and banking, defense, biotechnology, geosciences, mobile and telecommunication, biotechnology, and others. The report analyzes the growth of each of the application segments during the forecast period.

The report studies the global NoSQL market across Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa. Robust internet infrastructure, coupled with increased usage of information technology and management of social media, has placed North America as the leading region in the market. In terms of growth, Asia Pacific is anticipated to be the most lucrative region for the market during the forecast horizon.

Describing the competitive hierarchy, the report profiles some of the key players in the global NoSQL market such as Aerospike Inc., IBM Corporation, Oracle Corporation, Objectivity Inc., Basho Technologies, MarkLogic Corporation, Cisco Systems Inc., Couchbase, Microsoft Corporation, Neo technology Inc., Hypertable Inc. Through SWOT analysis, the report analyzes the growth of the market players during the forecast period. 

No comments:

Post a Comment