The Europe NoSQL Market would witness market growth of 26.8% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe NoSQL Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3,489.8 million by 2031. The UK market is exhibiting a CAGR of 25.7% during (2024 - 2031). Additionally, The France market would experience a CAGR of 27.8% during (2024 - 2031).
Enterprises with legacy IT environments and mission-critical systems have approached NoSQL adoption cautiously, weighing the benefits of these databases against migration, integration, and vendor lock-in challenges. However, as the limitations of relational databases become increasingly apparent in the era of big data, real-time analytics, and IoT (Internet of Things), enterprises recognize the strategic importance of these databases in driving digital transformation and staying competitive in today's data-driven economy.
E-commerce, media, and entertainment companies leverage NoSQL databases to deliver personalized recommendations, content, and advertisements to users in real time. These databases enable organizations to analyze user behaviour, preferences, and interactions to tailor personalized experiences and drive engagement. As per the Government of the United Kingdom, the percentage of total retail sales attributed to online retail has increased significantly more rapidly than that of in-store, from 3.4% in 2007 to 27.9% in 2020.
A vast array of industries within the EU comprises the ICT sector, which is significantly dependent on data-intensive applications and services. As measured by the ratio of its value-added relative to GDP — was highest in Cyprus with 8.4 % (information available for ICT services only) followed by Malta, with ICT services and ICT manufacturing generating a value-added equivalent to 8.1 % of GDP. Bulgaria, with 7.4 %, and Sweden, with 7.1 %, completed the top four. Therefore, the growing ICT sector in Europe is expected to propel the growth of the regional market.
Free Valuable Insights: The Global NoSQL Market will Hit USD 57.6 Billion by 2031, at a CAGR of 27.3%
Based on Type, the market is segmented into Key-Value Store, Document Database, Column Based Store, and Graph Database. Based on Application, the market is segmented into Web Apps, Data Analytics, Mobile Apps, Data Storage, and Others. Based on End User, the market is segmented into IT, Retail, Gaming, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Type
By Application
By End User
By Country
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