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.
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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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