Enterprise Focus on Better Data Management Fuelling Booming NoSQL Market

Reportstack has announced a new market research publication on Enterprise Focus on Better Data Management Fuelling Booming NoSQL Market. It has pinpointed increased demand for big data solutions and a distinct move away from relational databases as the leading drivers behind a projected CAGR of 45.28 percent from 2014-2018 for the Global NoSQL Market.

NoSQL is an advanced database management solution designed to manage the petabytes of data that businesses need to store and access. NoSQL solutions enables easy data accessibility, which helps large enterprises and SMEs achieve their corporate goals and optimize business.

Data is increasingly being gathered from social media, mobile and web apps, which results in large amounts of unstructured data that far outstrips the capabilities of traditional relational databases. Big data solutions like NoSQL can manage complex, unstructured data sets and make this information easily available for enterprises to use in decision making.

According to the analysts, “in the recent past, many industries have witnessed a shift from the deployment of relational databases to the deployment of NoSQL databases. Organizations are rapidly abandoning legacy relational database systems as they do not meet the work expectations of modern-day developers. Database models using relational database technology depend on strict adherence to a database schema and normalization of data and carry out complex queries.” Over the last few decades, changes in application and infrastructure characteristics have led application developers to look for alternative database technology, hence the shift towards NoSQL databases.

To determine the scenario for these vendors in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance. 

To view the table of contents and know more details please visit Enterprise Focus on Better Data Management Fuelling Booming NoSQL Market report.