NoSQL Databases Gain Usability, Speed Posted on : Nov 04 - 2022

NoSQL database vendors Aerospike and Couchbase this week unveiled new enhancements that accelerate the performance and accessibility of their offerings, as the NoSQL market continues to notch gains against the relational incumbents.

While the relational database market continues to dominate the database field in terms of sheer spending, the NoSQL segment is setting the pace for growth, as companies look for more flexible databases to power applications across Web, mobile, and IoT use cases.

According to a recent Digital Journal report, the NoSQL database market accounted for $5.7 billion in sales globally in 2021. Over the next six years, the group said the NoSQL market will increase to $29.3 billion, representing a compounded annual growth rate (CAGR) of 31.3%.

By contrast, the relational database market accounted for $62 billion in sales globally in 2021, according to a recent Maximize Market Research report. Over the next five years, that is expected to grow to $122.4 billion, representing a 12% CAGR, or less than half the NoSQL market growth rate.

One of the companies looking to capture a share of the NoSQL growth is Aerospike, which has carved a niche for itself for high-performance data workloads. The multi-modal Aerospike database has been running in the cloud for some time, and today the company announced early availability of a new managed database edition running on AWS.

The new managed database service is aimed at enabling developers at startups and enterprises to get up and running with the NoSQL database in a short amount of time, says Lenley Hensarling, the chief product officer at Aerospike. View More