Graph Database Market By Component (Tools, Services), By Type (Resource Description Framework, Property Graph), By Deployment (On-premises, Cloud), By Organization Size (SMEs, Large Enterprises), By Application (Risk and Compliance Management, Customer Analytics, Others), By Industry Verticals (Telecom & IT, BFSI, Retail & e-Commerce, Others) - Growth, Future Prospects, and Competitive Landscape, 2019 - 2027

The surge in data is expected to boost Graph Database Solutions Demand Worldwide.

The global graph database market is poised to reach US$ 4,603.4 Mn by 2027, expanding at a CAGR of 24.3% over the forecast period from 2019 to 2027. Penetration of the Internet of Things (IoT) and Artificial Intelligence (AI) has prominently triggered the volume of data generated per year, turning their analysis into a more complex process. As per ‘World Economic Forum’ total data generation will reach nearly 463 Exabytes (10006 bytes) by 2025. Because of same, most companies are struggling with data handling and analysis problems. On the other hand, a graphical database offers a great advantage in terms of the ability to scale and handle large data sets of complex, dynamic, and connected systems. Moreover, it is the most analytical choice to understand the relationship between networks, devices, sensors, users, and companies. 

Market Synopsis

Tools Segment dominated the Global Graph Database Market in the year 2018

The tools segment held the majority of revenue share in 2018 and is projected to continue its dominance during the forecast period. Significant deployment of graph database tools in large enterprises in the past few years is the major factor supporting its dominance in the global graph database market. In addition, increasing social media users and the proliferation of e-commerce business has triggered the application of social graph and purchase graph to properly analyze and store the relationship between the data and users. As a result, many social media platforms and e-commerce giants such as Facebook, Amazon, LinkedIn, Microsoft, and Twitter have powered their business with graph database solutions.

Asia Pacific witnesses the Highest Growth over the Forecast Period

North America dominated the global graph database market in the year 2018. The presence of prominent graph database vendors in the region, such as Amazon Web Services, IBM, Microsoft, Neo Technology, Oracle, and Tiger Graph, accounts for one of the prime factors behind the significant growth of North America. Moreover, the introduction of the General Data Protection Regulation (GDPR) in the European region has surged the demand for graph database solutions. As per the regulation, users can now control the usage and visibility of their data on any media site. This has generated complex data lineage problems that are unable to be solved with Relational Database (RDBMS) and require modern graph technology to address them. Thus, a graph database is the best solution to address the connected data requirements of GDPR compliance.

Key Players & Competitive Landscape:

Some of the prominent players profiled in the global graph database market report include IBM Corp., Microsoft Corp., Oracle Corp., Amazon Web Services Inc., Neo Technology (Neo4j) Inc., Teradata Corp., Tiger Graph, OrientDB, Ontotext, TIBCO Software Inc., DataStax Inc., MarkLogic Corp., Cray Inc., Stardog, Memgraph, ArangoDB GmbH, and Bitnine Global Inc. among others.

Historical & Forecast Period

This research study provides qualitative as well as quantitative insights for each Segment and sub-segment from 2017 to 2027, considering 2018 as the base year for the research. CAGR (Compounded Annual Growth Rate) for each Segment and sub-segment is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The research study titled graph database market offers market size and forecasts based on market dynamics and predominant trends shaping the industry. The report provides an all-around view of the global graph database market based on component, type, organization size, deployment, applications, industry verticals, and geography. Key segments covered in the report are as follows:

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