Each organization utilized relational databases earlier that needed a predefined code to store information. At present, data has turned out to be core fragment of each organization owing to the rising cognizance of cloud and big data analytics. Huge amount of information is generated, distributed, and organized each day to make a business decision. A kind of non-relational database, document database is intended to hoard and query data within a database by utilizing the identical document-model format they utilize within their application code. The semistructured, flexible, and hierarchical nature of document databases and documents enable them to adapt with the needs of applications. They facilitate flexible indexing, analytics, and powerful ad hoc queries over collections of documents.
The global document databases market is expected to witness noteworthy growth during the forecast period owing to factors like availability of internet along with the speed, scalability, & simplicity of document databases. Further, majority of the document databases are schema-less, open-source, and operate proficiently on clusters. However, the global document database market may face some obstacles due to issues faced in NoSQL applications’ testing and complexity in utilizing the database in applications having structured data. Nonetheless, launch of innovative NoSQL solutions is expected to fuel the global document database market expansion. To cite, in mid-September 2020, a set of enhancements was launched by Aerospike, NoSQL database vendor, that would speed up data analysis and facilitate better data integration for ML (machine learning) jobs. The Aerospike Connect updates comprise improved integrations with Java Message Service, Apache Kafka, Apache Spark, and Apache Pulsar.
Global Document Databases Market is bifurcated based on type, end-user, applications, and region. Based on type, the global market is segregated into column oriented, key-value, graph based, and document stored. Based on end-user, the global market is categorized into retail, BFSI, government, IT, education, and healthcare. Based on application, the global market is divided into e-commerce, web applications, mobile applications, social media, and others.
Regionally, the global document database market is projected to be ruled by North America during the forecast period. This regional expansion can be attributed to the presence of key document databases vendors like MongoDB, Inc., Amazon.com, Inc, and Couchbase, Inc., along with the increasing penetration of data analytics and cloud in North America. Further, Asia Pacific is also anticipated to witness noteworthy growth in the market in the coming period owing to the growing implementation of cloud based applications.
The major players actively participating within the global document databases market consist of MongoDB, Inc., Couchbase, Inc., MarkLogic Corporation, Amazon.com, Inc., Neo Technology, Inc., Aerospike, Inc., DataStax, Inc, Basho Technologies, MapR Technologies, Inc., and Oracle Corporation, among others.
