Graph Database Market size was estimated at $1.7 billion in 2021 and is expected to reach $8.6 billion by 2031, growing at a CAGR of 22.5% during the forecast period of 2022 to 2031.
Graph Database Market
A grapes database is a specialized program built to offer a single-purpose platform for creating and manipulating graphs. A graph database extensively utilizes graph structure for semantic queries with nodes, edges, and properties to connote and store data. The worldwide deployment of the graph database is trending at a rapid pace. The main motive of the graph database software is to manage larger volumes of data and generate insight from the existing database. It also focuses on analyzing, interpreting, and presenting the data in understandable and graphical form.
Graph Database Market Growth and Trend
The graph database market has witnessed robust growth in recent years. The rising need to manage real-time large data with visualization of results has compelled business organizations to adopt graph database technology. In addition, the increasing adoption of AI-based graph database tools and services is expected to drive the market globally in the future. Technological advancements in developed and developing countries are fueling the demand for solutions that can process low-latency queries. The graph database uses a real-time recommendations system and is capable of processing low-latency queries. Another vital factor that is positively influencing the market growth is the rising adoption of the technology by multinationals. Moreover, graph databases also enhance the decision-making power of an organization by providing data from a single trusted source about employees, providers, departments, programs, and people. However, the lack of standardization, programming ease, and technical expertise may limit the graph database market the years ahead. globally
Graph Database Market Segmentation
The global graph database market is segmented on the basis of solutions and verticals. The solution segment of the global graph database market includes software and services. The software segment is expected to witness robust growth during the forecast period as it helps to accomplish data faster, easier, and in an organized manner. Based on the vertical, the market is classified into financial services, manufacturing, public sector, telecom, retail, travel and hospitality, and others. The manufacturing segment is projected to hold the largest share in the global graph database market owing to the rising need to manage the database and monitor the results.
Graph Database Market Country Analysis
The Asia Pacific is anticipated to remain the leading region over the forecast period. The regional growth can be attributed to the presence of process and discrete manufacturing units in the region. However, Europe is the second-largest shareholder in the global graph database market as the regional market contains mechanical engineering units in the majority using the technology to analyze data.
Graph Database Market Share and Competition
The key companies operating in the global graph database market are Oracle Corporation, IBM, Neo Technology, Inc., Franz Inc, DataStax, Inc., Objectivity, Inc, Sparsity Technologies, ArangoDB GmbH, OrientDB LTD, and Sirma AI.
Report Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2022 – 2031)
• Data breakdown for every market segment (2022 – 2031)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Solution Analysis (Revenue, USD Million, 2022 - 2031)
• Software
• Services
Vertical Analysis (Revenue, USD Million, 2022 - 2031)
• Financial Services
• Manufacturing
• Public Sector
• Telecom
• Retail
• Travel and Hospitality
• Others
Region Analysis (Revenue, USD Million, 2022 – 2031)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Graph Database Market Companies
• Oracle Corporation
• IBM
• Neo Technology, Inc.
• Franz Inc
• DataStax, Inc.
• Objectivity, Inc
• Sparsity Technologies
• ArangoDB GmbH
• OrientDB LTD
• Sirma AI
Available Versions:-
• United States Graph Database Industry Research Report
• Europe Graph Database Industry Research Report
• Asia Pacific Graph Database Industry Research Report
Have a question? Need a customised report? Email us david@marketdecipher.com
