NoSQL Market to Reach $22.08 Bn, Globally, by 2026 at 31.4% CAGR: Allied Market Research
PORTLAND, Ore., May 6, 2021 /PRNewswire/ Allied Market Research published a report, titled, NoSQL Market by Type (Key-Value Store, Document Database, Column Based Store, and Graph Database), Application (Data Storage, Mobile Apps, Data Analytics, Web Apps, and Others), and Industry Vertical (Retail, Gaming, IT, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026 According to the report, the global NoSQL industry was pegged at $2.41 billion in 2018, and is expected to hit $22.08 billion by 2026, registering a CAGR of 31.4% from 2019 to 2026.
Drivers, restraints, and opportunities
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Rise in unstructured data, increase in demand for data analytics, and surge in application development business across the globe drive the growth of the global NoSQL market. On the other hand, complexities related with testing NoSQL applications curtail down the growth to some extent. Ho
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