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Publishing News and Press Releases

Non Relational Database Management System Market Size to Grow at a CAGR of 12.7% During the Forecast Period 2021-2026

(Publishing-NewsWire.com, September 30, 2021 ) Global Non Relational Database Management System Market is forecast to reach $45.4 billion by 2026, growing at a CAGR of 12.7% during the forecast period from 2021 to 2026. The Non Relational Database Management System market is driven primarily by the factors such as increasing structured as well as unstructured data in the market due to fast growing businesses and industries across the globe as well as increasing demand for NoSQL databases and schemaless databases. Moreover, high flexibility and elastic scalability are some major reasons for rising popularity of Non Relational Database Management System systems. High demands for low-latency Document database applications are expected to fuel the market growth of non relational database management system in the near future.



Non Relational DBMS Market Segment Analysis - By Organization Size



Large enterprises held the largest share in the Cloud Database Market in 2020 and is projected to grow at a CAGR of 11.1% through 2021-2026. Large enterprises are majorly opting for private cloud databases based on No SQL implemented storage thereby ensuring security along with additional benefits including reduced infrastructure configuration, management overheads and so on. Enterprises can use the cloud virtualization solutions, tools and databases to develop their cloud based applications and solutions. The rising usage of databases as a virtual image machine will further drive the market. Forbes has stated that 83% of enterprise workloads will be in the cloud by 2020 thereby creating a wide range of opportunities for the NoSQL Database and Document Database Market. It has also stated that in 2019 alone, 30% of all the IT budgets were allocated to the cloud computing thereby contributing to the market share. However small and medium scale enterprises are analyzed to have highest growth rate during the forecast period 2021-2026.



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Non Relational DBMS Market Segment Analysis - By End Use Industry



IT and Telecom held the major market share in the Non reelational DBMS Market in 2020 and is also analyzed to grow at highest CAGR of 9.7% during the forecast period 2021-2026. Document Databases are majorly deployed in IT industry majorly owing to the advantages such as high scalability, low cost and accessed through cloud platform. Moreover, the increasing demand for IoT and adoption for database as a server is contributing to the overall IT industry. Adding up to these factors, deployment of NoSQL database reduces the IT complexities and operational costs. It helps in creating Virtual machine images as well. Further the employment of big data management in BFSI applications is also analyzed to boost the market for No SQL implemented storage in DBaaS solutions during the forecast period 2021-2026.



Non Relational DBMS Market Segment Analysis - Geography



North America is expected to have a major growth in the global Non Relational Database Management System market during the forecast period from 2021 to 2026. The presence of key players such as Oracle Corporation, IBM and Microsoft are acting as major drivers for the growth of Non Relational Database Management System market. Oracle contributed for a major share in the cloud database market during 2020, thus adding to the growth rise in the U.S market. Increasing demand of cloud computing by large enterprises can also help in fuelling the market growth for DBMS market.



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Non Relational DBMS Market Drivers



Supports low latency applications



The rising demand of Non Relational Database Management System systems are growing due to overcoming problems faced by relational database systems. The Dynamo DB by Amazon is helping to trigger the market growth of Non Relational Database Management System systems due to its use in low latency applications. Investments of fast growing businesses and various enterprises towards the Non Relational Database Management System due to their high demands towards a highly flexible and scalable system to support heavy critical workloads. Increasing demand towards cloud database systems provide a low, latency access of data such as in mobiles, web, gaming and others are expected to make a huge shift in the market growth during the forecast period 2021-2026.



Increasing storage capacity



With rapid technological growth, there is rise of structured as well as unstructured data in the market. Large enterprises as well as small scale businesses, both require a flexible database to store their huge amounts of data securely. With the adoption of cloud database systems, industries are able to store their massive amounts of data efficiently as cloud offers high storage capacity. More storage capacity means more data can be accommodated within the cloud platform, cutting the storage costs of physical infrastructures. This acts as a major driver for the market growth of Non Relational Database Management System, along with high flexibility and performance.



Non Relational DBMS Market Challenges



Security reasons



As the technology is advancing at a rapid pace, adoption of cloud based technology in advanced data management systems are gaining popularity in the database market With the use of Non Relational Database Management System systems, data storage and management has become more smooth and efficient. Since, its major use in low-latency data applications, there can be issues regarding data hacking, data loss, and data corruption which can lead to heavy losses for the organizations. With adoption of cloud database, a large amount of data files including much sensitive information is stored by the enterprises to get a flexible data access and low costs. Loss of such important data from any reason can have a negative impact on the markets of the respective organization. This is a major challenge faced by cloud database market, therefore hampering its growth.



Non Relational DBMS Market Landscape



Partnerships and acquisitions along with product launches are the key strategies of the players in the Non Relational Database Management System Market. The major key players in the Non Relational Database Management System Market include IBM Corporation, Amazon Web Services, Oracle Corporation, Microsoft Corporation, Google, Redis labs, Rackspace Inc., MongoDB Inc., Alibaba Cloud, SAP and Tencent.



Partnerships/Product Launches/Acquisition



In February 2020, Couchbase launched fully manageable database service called Couchbase cloud for enterprises. This cloud database service will help the customers to retain full control on their data using their own virtual private cloud. As per company claims, this database service will be providing support to multiple cloud providers and offer multiple pricing options regarding userís infrastructure consumption.



In October 2019, Alibaba Cloud had collaborated with Mongo DB which helped China to get access of authorized MongoDB service This partnership was made by Alibaba in order to provide customer management support for current and future MongoDB versions with bug fixes. As stated by CEO of Mongo DB, this new partnership with Alibaba had helped it to establish its database service in a new market and also got selected in the list of top three cloud providers.



Key Takeaways

The Cloud model is expected to have a major growth during the forecast period 2021-2026 owing to its use in mobile, web, adtech and many other related applications.



Key market players such as Oracle Corporation and Amazon Web Services contributed with major shares in the database management market in 2020, which helped in fuelling the market growth in North America region.



With large industries facing problems for storing their massive amounts of data, adoption of cloud database systems can help them majorly in successfully managing sensitive company information systematically.



Related Reports:

A. Data Management Platform Market

https://www.industryarc.com/Research/Cloud-Database-Market-Research-500760



B. Cloud Database Market

https://www.industryarc.com/Research/Cloud-Database-Market-Research-500760



For more Information and Communications Technology Market reports, please click here



About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

IndustryARC

Venkat Reddy

(+1) 970-236-3677

venkat@industryarc.com

Source: EmailWire.Com

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