Graph Database Market Projected to Reach $7.3 Billion by 2028
Top Companies Covered in Graph Database Market are Oracle Corporation (US), IBM Corporation (US), Amazon Web Services, Inc. (US), DataStax (US), Ontotext (Bulgaria), Stardog Union (US), Hewlett Packard Enterprise (US), ArangoDB (US), Blazegraph (US)
(EMAILWIRE.COM, September 02, 2024 ) The global graph database market size to grow from USD 2.9 billion in 2023 to USD 7.3 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 20.2% during the forecast period. Increasing adoption for graph database tools and services to drive market.
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The services segment to hold higher CAGR during the forecast period
Based on the offering, the graph database market is segmented into solutions and services. The services segment has been further divided into professional and managed services. Graph database services encompass a range of offerings designed to support the implementation, management, and optimization of graph databases for various applications. The growing adoption of graph database solutions is expected to boost the adoption of professional and managed services.
Community Analysis segment to hold the largest market size during the forecast period
Community analysis refers to the process of identifying and characterizing groups or clusters of nodes within a graph that exhibit a higher degree of interconnectedness among themselves compared to the rest of the graph. The need for deeper insights into complex relationships and structures within data networks drives the adoption of community analysis techniques.
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Graph Database Market Advantages:
• In applications like social networks, recommendation engines, and fraud detection where understanding connections is essential, graph databases excel in modelling complicated relationships between data points.
• Utilising query languages that are tailored for traversing relationships, graph databases utilise them. When working with heavily connected data, this leads to faster and more effective queries when compared to typical relational databases.
• Graph databases have a flexible schema that makes it possible to add or edit data without changing the structure of the entire database. In situations where data structures change over time, this agility is advantageous.
• Distributed graph databases have the ability to scale horizontally to handle expanding datasets and escalating user demands, preserving performance even as the data volume grows.
• Graph databases are highly suited for real-time data analysis and dynamic visualisation due to their ability to traverse relationships quickly, allowing organisations to immediately get useful insights.
• Graph databases closely replicate relationships in the actual world, which makes data modelling more natural and reflective of how people perceive and use information.
• Graph databases are beneficial for applications like knowledge graphs, recommendation systems, and semantic search engines because they are excellent at capturing semantic context.
• Graph databases can spot unique patterns and relationships that other database types might overlook while conducting network research and fraud detection.
• For handling master data across several domains and sources and assuring data accuracy and consistency, graph databases are helpful.
The graph extension segment to hold a larger market size during the forecast period
The graph extension segment is expected to hold highest market share during the forecast period. Graph extensions find applications in various fields such as social networks, recommendation systems, knowledge graphs, and more, enabling richer and more nuanced representations of data. The need for advanced functionality beyond basic graph storage and querying drives the adoption of graph extensions.
Asia Pacific to hold higher CAGR during the forecast period
Asia Pacific is expected to grow at a good pace during the forecast period. Opportunities for smaller graph database vendors to introduce graph database solutions for numerous sectors have also increased. increasing adoption of graph databases across various industries in the Asia Pacific region. Organizations recognize the value of graph databases in addressing complex data challenges, uncovering insights, and driving innovation in an ever-evolving technological landscape.
The major vendors in the graph database market include Oracle Corporation (US), IBM Corporation (US), Amazon Web Services, Inc. (US), DataStax (US), Ontotext (Bulgaria), Stardog Union (US), Hewlett Packard Enterprise (US), ArangoDB (US), Blazegraph (US), Microsoft Corporation (US), SAP SE (Germany), Teradata Corporation (US), Openlink Software (US), TIBCO Software, Inc. (US), Neo4j, Inc. (US), GraphBase (Australia), Cambridge Semantics (US), TigerGraph, Inc. (US), Objectivity Inc. (US), Bitnine Co, Ltd. (US), Franz Inc. (US), Redis Labs (US), Graph Story (US), Dgraph Labs (US), Eccenca (Germany), and Fluree (US).
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MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets Inc.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=126230231&utm_source=emailwire.com&utm_medium=paidpr&utm_campaign=graphdatabasemarket
The services segment to hold higher CAGR during the forecast period
Based on the offering, the graph database market is segmented into solutions and services. The services segment has been further divided into professional and managed services. Graph database services encompass a range of offerings designed to support the implementation, management, and optimization of graph databases for various applications. The growing adoption of graph database solutions is expected to boost the adoption of professional and managed services.
Community Analysis segment to hold the largest market size during the forecast period
Community analysis refers to the process of identifying and characterizing groups or clusters of nodes within a graph that exhibit a higher degree of interconnectedness among themselves compared to the rest of the graph. The need for deeper insights into complex relationships and structures within data networks drives the adoption of community analysis techniques.
Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=126230231&utm_source=emailwire.com&utm_medium=paidpr&utm_campaign=graphdatabasemarket
Graph Database Market Advantages:
• In applications like social networks, recommendation engines, and fraud detection where understanding connections is essential, graph databases excel in modelling complicated relationships between data points.
• Utilising query languages that are tailored for traversing relationships, graph databases utilise them. When working with heavily connected data, this leads to faster and more effective queries when compared to typical relational databases.
• Graph databases have a flexible schema that makes it possible to add or edit data without changing the structure of the entire database. In situations where data structures change over time, this agility is advantageous.
• Distributed graph databases have the ability to scale horizontally to handle expanding datasets and escalating user demands, preserving performance even as the data volume grows.
• Graph databases are highly suited for real-time data analysis and dynamic visualisation due to their ability to traverse relationships quickly, allowing organisations to immediately get useful insights.
• Graph databases closely replicate relationships in the actual world, which makes data modelling more natural and reflective of how people perceive and use information.
• Graph databases are beneficial for applications like knowledge graphs, recommendation systems, and semantic search engines because they are excellent at capturing semantic context.
• Graph databases can spot unique patterns and relationships that other database types might overlook while conducting network research and fraud detection.
• For handling master data across several domains and sources and assuring data accuracy and consistency, graph databases are helpful.
The graph extension segment to hold a larger market size during the forecast period
The graph extension segment is expected to hold highest market share during the forecast period. Graph extensions find applications in various fields such as social networks, recommendation systems, knowledge graphs, and more, enabling richer and more nuanced representations of data. The need for advanced functionality beyond basic graph storage and querying drives the adoption of graph extensions.
Asia Pacific to hold higher CAGR during the forecast period
Asia Pacific is expected to grow at a good pace during the forecast period. Opportunities for smaller graph database vendors to introduce graph database solutions for numerous sectors have also increased. increasing adoption of graph databases across various industries in the Asia Pacific region. Organizations recognize the value of graph databases in addressing complex data challenges, uncovering insights, and driving innovation in an ever-evolving technological landscape.
The major vendors in the graph database market include Oracle Corporation (US), IBM Corporation (US), Amazon Web Services, Inc. (US), DataStax (US), Ontotext (Bulgaria), Stardog Union (US), Hewlett Packard Enterprise (US), ArangoDB (US), Blazegraph (US), Microsoft Corporation (US), SAP SE (Germany), Teradata Corporation (US), Openlink Software (US), TIBCO Software, Inc. (US), Neo4j, Inc. (US), GraphBase (Australia), Cambridge Semantics (US), TigerGraph, Inc. (US), Objectivity Inc. (US), Bitnine Co, Ltd. (US), Franz Inc. (US), Redis Labs (US), Graph Story (US), Dgraph Labs (US), Eccenca (Germany), and Fluree (US).
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets Inc.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Contact Information:
MarketsandMarkets™
Mr. Rohan Salgarkar
Tel: 1-888-600-6441
Email us
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MarketsandMarkets™
Mr. Rohan Salgarkar
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results