(The Hosting News) – According to a new report, published by Allied Market Research, titled, “Global NoSQL Market- Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013 – 2020”, the global NoSQL market, is expected to reach $4.2 billion by 2020, registering a CAGR of 35.1% during 2014 – 2020.
The NoSQL usage, in web applications and data storage & analysis, is poised to drive the NoSQL market, significantly, through the analysis period of 2013 – 2020. North America, is slated to remain, as a major market driving region, contributing to more than 2/5 of the overall industry revenue, through 2020.
To view the report, visit the website at http://www.alliedmarketresearch.com/NoSQL-market
Among all types of NoSQL databases, the key-value stores, should remain the most preferred type of NoSQL, due to their usage in web applications for blogs, session management and e-commerce. The usage of NoSQL, is significantly high in IT, for web session management, social network management, etc.