Global Cloud non-relational database Market is forecast to reach $25.4billion by 2025, growing at a CAGR of 16.7% during the forecast period from 2020 to 2025. The Cloud non-relational database 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. Moreover, high flexibility and elastic scalability are some major reasons for rising popularity of cloud non-relational database systems. High demands for low-latency applications are expected to fuel the market growth for cloud database market in the near future.Key Takeaways
The Key type model is expected to have a major share during the forecast period 2020-2025 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 cloud database market in 2019, which helped in fueling 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.
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Geography - Segment Analysis
North America is expected to have a major growth in the global Cloud non-relational database market during the forecast period from 2020 to 2025. Presence of key players such as Oracle Corporation, IBM and Microsoft are acting as major drivers for the growth of cloud non-relational database market. Oracle contributed for a major share in the cloud database market during 2019, thus adding to the growth rise in the U.S market. Increasing demand of cloud computing by large enterprises can also help in fueling the market growth for cloud database market.
Drivers – Cloud non-relational database Market
Supports low latency applications
Increasing storage capacity
Market Landscape : The major key players in the Cloud non-relational database Market include IBM Corporation, Amazon Web Services, Oracle Corporation, Microsoft Corporation, Google, Redis labs, Rackspace Inc., MongoDB Inc., Alibaba Cloud, SAP and Tencent.
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