The Graph Database Market size was valued at US$ 2.25 billion in 2022 and is expected to reach US$ 11.55 billion in 2030 with a growing CAGR of 22.7% over the forecast period 2023-2030.
The graph database market has experienced remarkable growth in recent years, driven by the increasing need for efficient data management and complex relationship handling in various industries. Graph databases, known for their ability to model and query intricate connections between data points, have become essential in areas such as social networks, fraud detection, recommendation systems, and knowledge graphs. The demand for real-time big data analytics, coupled with the rise of artificial intelligence and machine learning applications, has further fueled the adoption of graph databases. Companies are leveraging these databases to gain deeper insights, optimize operations, and enhance decision-making processes, resulting in a competitive advantage in the rapidly evolving digital landscape.
As the graph database market continues to expand, advancements in technology and the growing availability of cloud-based solutions are making these systems more accessible and scalable. Leading players in the market, such as Neo4j, Amazon Web Services (AWS) with its Neptune service, and Microsoft Azure Cosmos DB, are continuously innovating to offer enhanced features, performance, and integration capabilities. The open-source community also plays a crucial role, contributing to the development and proliferation of graph database technologies.
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Covid 19 impact analysis:
The latest report is the most recent study that offers 360° coverage of the Graph Database industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Graph Database market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.
Major companies profiled in the market report include
Oracle Corporation, Ontotext, Orient DB, Hewlett Packard Enterprise, Microsoft Corporation, Teradata Corporation, Stardog Union Inc., Amazon Web Services, Inc., Objectivity Inc., MangoDB, TIBCO Software, Franz Inc., TigerGraph Inc., DataStax, IBM Corporation, Blazegraph, Openlink Software, MarkLogic Corporation, GraphBase, Neon4j Inc., ArangoDB, and others
Research objectives:
The latest research report has been formulated using industry-verified data. It provides a detailed understanding of the leading manufacturers and suppliers engaged in this market, their pricing analysis, product offerings, gross revenue, sales network & distribution channels, profit margins, and financial standing. The report’s insightful data is intended to enlighten the readers interested in this business sector about the lucrative growth opportunities in the Graph Database market.
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It has segmented the global Graph Database market
By Component
- Software
- Services
By Deployment
- Cloud
- On-Premise
By Type
- Relational (SQL)
- Non-Relational (NoSQL)
By Application
- Identity and Access Management
- Customer Analytics
- Recommendation Engine
- Master Data Management
- Privacy and Risk Compliance
- Fraud Detection and Risk Management
- Others
By Analysis Type
- Community Analysis
- Connectivity Analysis
- Centrality Analysis
- Path Analysis
By End User
- Banking, Financial Services and Insurance (BFSI)
- IT & Telecommunication
- Retail
- Life Science
- Media & Entertainment
- Government
- Others
Key Objectives of the Global Graph Database Market Report:
- The report conducts a comparative assessment of the leading market players participating in the globalGraph Database
- The report marks the notable developments that have recently taken place in the Graph Database industry
- It details on the strategic initiatives undertaken by the market competitors for business expansion.
- It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of theGraph Database market value chain.
- The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market
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