Growing demand for NoSQL

 

Growing demand for NoSQL

The NoSQL market research delivers comprehensive research on the present stage of the market, covers market size with respect to assessment as sales volume, and provides a precise forecast of the market scenario over the estimated period. Also focuses on the product, application, manufacturers, suppliers, and regional segments of the market. Nosql market report research highlights market driving factors, an overview of the market growth, industry size, and market share. Subsequently, the NoSQL market report depicts the constantly evolving needs of clients, vendors, and purchasers in different regions, it becomes simple to target specific markets and generate large revenues in the global industry.

According to the latest research study, the demand for global Nosql market size & share was valued at approximately USD 85.4 Billion in 2022 and is expected to reach USD 96.2 billion in 2023 and is expected to reach a value of around USD 170 Billion by 2030, at a compound annual growth rate (CAGR) of about 12%during the forecast period 2023 to 2030.”

Some of these key players include: Microsoft SQL Server, MySQL, MongoDB, PostgreSQL, Oracle Database, MongoLab, MarkLogic, Couchbase, CloudDB, DynamoDB, Basho Technologies, Aerospike, IBM, Neo, Hypertable, Cisco, Objectivity

 

What is NoSQL?

NoSQL is a database management system (DBMS) designed to handle and store large volumes of unstructured and semi-structured data. Unlike traditional relational databases that use tables with pre-defined schemas to store data, NoSQL databases use flexible data models that can adapt to data structure changes and can scale horizontally to handle growing amounts of data.

The term NoSQL originally referred to “non-SQL” or “non-relational” databases, but the term data structure changes and can scales since evolved to mean “not only SQL,” as NoSQL databases have expanded to include a wide range of different database architectures and data models.

 

 

 

Conclusion:

NoSQL databases have been on the rise in recent years, as developers and companies alike have come to recognize the advantages that they offer. This is only set to continue, as NoSQL databases continue to evolve and adapt to the changing needs of modern applications and data management. Their scalability, flexibility, and cost-effectiveness make them an attractive solution for businesses that need to store and access data quickly and efficiently.

The rise of cloud computing has also been beneficial for NoSQL databases, as it has allowed them to scale more easily and provide better performance. Cloud computing also makes it easier for businesses to manage their NoSQL databases, as they can access them from anywhere in the world. This makes it easier to keep data secure and accessible.

The future of NoSQL databases looks promising, as they continue to become more powerful and user-friendly. They can now be used to manage data in real time and can be easily integrated with existing systems. As businesses continue to embrace the advantages that NoSQL databases offer, they will become an increasingly important part of data management. As such, the future of NoSQL databases looks bright.

 

 

Reference:

1.     https://scenefordummies.com/news/nosql-market-statistical-forecast-trade-analysis-2023-microsoft-sql-server-mysql-mongodb-postgresql-oracle-database-mongola/40830/

2.     https://www.geeksforgeeks.org/introduction-to-nosql/

Aniket Shukla

ISME Student Doing an internship with Hunnarvi under the guidance of nanobi data and analytics. Views are personal.

# growing demand for NoSQL# analytics #nanobi #hunnarvi #ISME

 

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