Graph Database Market Trends, Share, Opportunities and Forecast By 2030
Furthermore, the finest Graph Database market report includes a thorough evaluation of the market’s growth prospects and restrictions. And to provide the clients best in the industry, a team of experts, skilled analysts, dynamic forecasters and knowledgeable researchers work meticulously while forming this report. Such idea about competitive landscape plays very central role in deciding about the improvements required in the product and more. Each of these topics is researched and analysed in depth for creating comprehensive market research report. International Graph Database market research report is also gaining high importance in this era of globalization which opens the door of global market for the products.
Data Bridge Market Research analyses that the graph database market is expected to reach USD 7384.79 million by 2030, which is USD 1938.20 million in 2022, at a CAGR of 18.20% during the forecast period.
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Market Overview:
Graph Database refers to a type of a database which uses graph structures for semantic queries with nodes, edges and properties to store and represent the data. Each edge represents a connection or relationship and each node represents an entity between two nodes. Graph databases are those technologies that translate the relational online transaction processing (OLTP) databases.
Covid-19 Impact Analysis on Global Graph Database Market
The outbreak of COVID–19 pandemic has transformed the dynamics of business operations globally and had a significantly negative influence on businesses owing to lockdowns imposed by governments to control the spread of coronavirus. However, the outbreak of COVID–19 provided numerous opportunities for companies to expand and digitalize operations across borders because implementation and adoption of technologies such as predictive analysis, Internet of Things (IoT), big data, Artificial Intelligence (AI), and blockchain technology augmented during the initial lockdowns. However, with the introduction of vaccinations, companies operating in such industries are anticipated to attract considerable investments because graph database solutions have gained more popularity across numerous business operations over the forecast period.
Some of the major players operating in the graph database market are:
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Teradata (U.S.)
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Hewlett Packard Enterprise Development LP (U.S.)
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IBM Corporation (U.S.)
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Microsoft (U.S.)
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Siemens AG (Germany)
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ANSYS, Inc (U.S.)
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SAP SE (Germany)
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Oracle (U.S.)
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Robert Bosch GmbH (Germany)
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Swim.ai, Inc. (U.S.)
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Atos S.E. (France)
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ABB (Switzerland)
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KELLTON TECH (India)
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