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 Internet of Things (IoT) and Artificial Intelligence (AI) has prominently triggered the volume of data generation per year turning their analysis into more complex process. As per ‘World Economic Forum’ total data generation will reach nearly 463 Exabyte (10006 bytes) by the year 2025. Because of same, most of the companies are struggling with the data handling and their analysis problems. On the other hand, graphical database offers great advantage in terms of ability for scaling and handling large data sets of complex, dynamic, and connected systems. It is the most analytical choice for understanding the relation between networks, devices, sensors, users, and even companies.
Market Synopsis
Get a sample copy for more information
Tools Segment dominated the Global Graph Database Market in the year 2018
Tools segment held majority of revenue share in the year 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 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. Many social media platforms and e-commerce giants such as Facebook, Amazon, LinkedIn, Microsoft and Twitter have powered their business with graph database solutions.
Get a sample copy for more information
Asia Pacific witnesses Highest Growth over the Forecast Period
North America dominated the global graph database market in the year 2018. 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, introduction of General Data Protection Regulation (GDPR) in European region has surged the demand for graph database solutions. As per the regulation, users can now control the usage and visibility of their personal data on any media sites. This has generated complex data lineage problems that is unable to be solved with Relational Database (RDBMS) and require modern graph technology to address them. Thus, graph database is the best solution to address the connected data requirements of GDPR compliance.
Get a sample copy for more information
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 all round 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:
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Million |
| Segmentation |
Component Segment (2017–2027; US$ Mn)
• Tools
• Services
o Professional Services
o Managed Services
|
|
Type Segment (2017–2027; US$ Mn)
• Resource Description Framework
• Property Graph
|
|
Deployment Segment (2017–2027; US$ Mn)
• On-premises
• Cloud
|
|
Organization Sizes Segment (2017–2027; US$ Mn)
• Small and Medium-sized Enterprises (SMEs)
• Large Enterprises
|
|
Application Segment (2017–2027; US$ Mn)
• Risk and Compliance Management
• Customer Analytics
• Fraud Detection
• Recommendation Engines
• Supply Chain Management
• Others
|
|
Industry Verticals Segment (2017–2027; US$ Mn)
• Telecom & IT
• BFSI
• Retail & e-Commerce
• Manufacturing
• Healthcare & Life Sciences
• Transportation & Logistics
• Government & Public
• Others
|
|
Geography Segment (2017–2027; US$ Mn)
• North America (U.S. and Rest of North America)
• Europe (U.K., Germany, France, and Rest of Europe)
• Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
• Rest of World (Middle East & Africa (MEA), Latin America)
|
Key questions answered in this report
- What was the global market size of graph database in 2017 & 2018?
- What is estimated forecast and market projections up to 2027?
- Which is largest regional market for graph database?
- Which component has the largest penetration in graph database market?
- Which is the most preferred deployment type in graph database?
- Which are the predominant trends shaping the global graph database market?
- Which is the most promising, attractive, and less-explored region in the global graph database market?
- Who are the leading vendors in the global graph database market?
- What are the premiere strategies adopted by the leading vendors in the global graph database market?
