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NEW YORK, May 2, 2022 /PRNewswire/ — As per Zion Market Research study, The global graph database market was worth around USD 1827.5 million in 2021 and is estimated to grow to about USD 5996.24845178325 million by 2028, with a compound annual growth rate (CAGR) of approximately 21.9 percent over the forecast period. The report analyzes the digital remittance market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the digital remittance market.
Key Industry Insights & Finding of the Graph Database Market Reports:
Zion Market Research published the latest report titled as "Graph Database Market By Component (Software And Services), By Deployment Mode (On-Premise And Cloud), By Organization Size (Large Enterprises, Small And Medium-Sized Enterprises (SMEs)), By Type (RDF And Labeled Propert Graph), By Application (Customer Analytics, Risk, Compliance And Reporting Management, Recommendation Engines, Fraud Detection And Prevention, Supply Chain Management, Operations Management And Asset Management, Infrastructure Management, IoT, Industry 4.0, Knowledge Management, Content Management, Data Extraction And Search, Metadata And Master Data Management, Scientific Data Management, Others (Chatbot, Digital Twin, Scientific, Product And Technical Information Management, And Human Capital Management)), By Vertical (BFSI, Retail And ECommerce, Telecom And IT, Healthcare, Pharmaceuticals, And Life Sciences, Government And Public Sector, Manufacturing And Automotive, Media And Entertainment, Energy And Utilities, Travel And Hospitality, Transportation And Logistics, And Others) Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends And Forecast, 2022 – 2028." into their research database.
Graph Database Market: Overview
A graph database is a database that makes use of graph structures for semantic queries with nodes, edges, and properties to represent and accumulate data. The graph relates the data items in the store to a collection of nodes and edges; the edges represent the relationships between the nodes. A graph database is built to handle highly connected data, and the increase in the volume and connectedness of today’s data presents a tremendous opportunity for sustained market growth. Global Graph Database Market report provides an all-inclusive evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a considerable role in the market.
Large enterprises are set to boost the adoption of graph database tools as the application of these tools and services simplifies risk and compliance management tasks. Growing reliance on connected data for fraud detection across various industries including e-commerce, banking, financial services, and insurance, contributes to the growth of the global graph database market.
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Our Free Sample Report Includes:
Graph Database Market: Growth Dynamics
Real-time big data mining with visualization of results to drive the Graph Database Market
Graph Database Market: Restraints
Shortage of skilled professionals and requirement of technical expertise
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· In March 2021, the Technical University of Denmark (DTU) broadcasted a strategic partnership with TigerGraph which is a leading provider of graph database and graph analytics software. The purpose of this partnership is to improve the treatment of acute lymphoblastic leukemia with TigerGraph’s superior graph analytics with machine learning and artificial intelligence (AI) techniques.
Global Graph Database Market: Segmentation
By Component, the global market is distinguished into Software and Services. The software segment has been analyzed to attribute to the majority of share in the Graph Database Market during the forecast period 2021-2028 owing to the rising demand for software, as a massive volume of data is continuously generated due to which managing data using a traditional relational database structure is difficult for enterprises. The creation of data amounting to big data has forced vendors to design graph database software and help Information Technology teams simplify and manage their decision-making process.
By Deployment Mode, the global market is distinguished into Cloud and On-premises. The on-Premises segment is expected to account for larger market growth and revenue growth. On-premises can provide organizations with an available network even if there is no internet connection. These are the factors that the on-premises segment is forecasted to grow more than the cloud.
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List of Key Players of Graph Database Market:
Key questions answered in this report:
Market size value in 2021
USD 1827.5 Million
Revenue forecast in 2028
USD 5996.24 Million
CAGR of almost 21.9% 2022-2028
2016 – 2021
2022 – 2028
By Product Type, By Application, and By End Use
Value (USD Million), and Volume (Units)
Revenue in USD million/billion and CAGR from 2022 to 2028
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
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), MarkLogic Corporation (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).
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
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North America is forecasted to have the largest market share in the graph database market. Factors influencing the growth of the graph database market in North America include the increasing technological advancements and the growing number of graph database players across this region. The Asia Pacific region is expected to register a steady growth during the forecast period, as many Asian countries such as India, China, Japan, and South Korea are leveraging information-intensive technologies to gain a competitive edge over other players. The Europe graph database market is expected to register a significantly steady CAGR over the forecast period. Increasing execution of Industry 4.0 across industries in countries in the region will drive the adoption of the graph database, which in turn is expected to fuel Europe market revenue growth during the forecast period.
Global Graph Database Market is segmented as follows:
Graph Database Market: By Component Outlook (2022-2028)
Graph Database Market: By Deployment Mode Outlook (2022-2028)
Graph Database Market: By Organization Size Outlook (2022-2028)
Graph Database Market: By Type Outlook (2022-2028)
Graph Database Market: By Application Outlook (2022-2028)
Graph Database Market: By Vertical Outlook (2022-2028)
Graph Database Market: By Region Outlook (2022-2028)
Middle East & Africa
Press Release For Graph Database Market: https://www.zionmarketresearch.com/news/global-graph-database-market-analysis
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Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
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SOURCE Zion Market Research
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21.9 % Global CAGR of Graph Database Market Size Worth $5996.24 Million | Increasing Demand for Flexible Online Schema Environments | Industry Trends & Forecast Report by Zion Market Research – PR Newswire
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