Graph database Market : A Look at the Industry's Segments and Opportunities
The market for Graph databases is anticipated to develop at a CAGR of 22.7% from 2023 to 2030, from an estimated value of USD 2.25 billion in 2022 to USD 11.55 billion in 2030.
The graph database market has witnessed substantial growth in recent years, fueled by the increasing demand for efficient data management solutions across various industries. Graph databases offer a unique approach to data storage and retrieval, allowing organizations to model and analyze complex relationships between data points with ease. This capability makes them particularly well-suited for applications such as fraud detection, social network analysis, recommendation engines, and knowledge graph development.
One of the key drivers behind the growth of the graph database market is the proliferation of connected data sources generated by IoT devices, social media platforms, mobile apps, and other digital channels. Traditional relational databases struggle to efficiently handle the interconnected nature of this data, leading organizations to turn to graph databases for more flexible and scalable solutions. Moreover, advancements in graph database technology, including the development of distributed architectures and improved query languages, have further bolstered their adoption across enterprises of all sizes..
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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 in final report
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
- Healthcare
- 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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