In a bid to strengthen its cloud space presence, Amazon 's AMZN cloud computing arm is focusing on database services availability.
This is evident from Amazon Web Services' ("AWS") latest introduction of Amazon DocumentDB, which is a document database service.
Notably, the service is compatible with MongoDB applications and tools. Further, it efficiently offesr scalability and availability to customers as well as manages critical MongoDB workloads at scale.
The latest move is likely to add strength to AWS' database services portfolio, which already comprises a wide range of relational as well as non-relational database services.
Gaining Momentum in NoSQL Database Space
NoSQL or non-relational databases are gaining traction among cloud customers as well as application developers.
Moreover, these databases are best known for their scalability, ease of development and functionality which are boosting adoption rate in the cloud computing market.
Per a report by Market Research Media, NoSQL technology is becoming mainstream in the database space. The report also suggests that the technology holds immense growth potential and is expected to witness a CAGR of 21% between 2019 and 2024 and reach $3.4 billion.
AWS with Amazon DocumentDB expands its non-relational database services offerings. This is likely to help the company reap benefits from the potential non-relational database space.
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The cloud battle continues to become intense with strong initiatives of AWS as well as of other major cloud services providers such as Microsoft's MSFT , Alphabet's GOOGL Google Cloud and International Business Machines' IBM cloud division, to name a few.
Microsoft's Azure DocumentDB is a NoSQL document database service that is fully managed and highly responsive database-as-a-service (DBaaS). The service provides faster processing of JSON data and is easily available.
Further, IBM Cloud's NoSQL database service - Cloudant - offers scalable JSON document database for web, mobile, IoT and serverless applications.
Google Cloud Datastore also provides high scalability and features NoSQL database.
Nevertheless, AWS is likely to maintain its dominant position in the cloud computing market on the back of its recent move. The compatibility feature of its new service with the existing MongoDB APIs will enable the company attract application developers to its platform.
Apart from Amazon DocumentDB, AWS also offers Amazon DynamoDB which is another NoSQL database service.
We believe that an expanding portfolio of non-relational database services will continue to strengthen its competitive position against the above mentioned companies.
Currently, Amazon sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
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