Global Trends in the Multimodel Data Platform Market: Key Drivers and Challenges
QKS Group (formerly Quadrant Knowledge Solutions) Reveals that Multimodel Data Platform Projected to Register a CAGR of 11.56% by 2028. A Multimodel Data Platform is an integrated database system designed to handle multiple data types and models—such as documents, graphs, and relational data—within a unified environment, in real-time or near real-time. Unlike traditional databases that are limited to a specific data model, multimodel platforms allow users to interact with different data models based on specific business needs and use cases. These platforms empower organizations to manage diverse data models, each requiring unique data representations, query languages, and containerized environments. They enable the seamless storage of structured, semi-structured, and unstructured data within a single database, eliminating the need for data duplication or migration between systems. This flexibility improves agility, reduces costs, minimizes data silos, and ensures operational e