The semantic knowledge graphing global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Semantic Knowledge Graphing Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The semantic knowledge graphing market size has grown rapidly in recent years. It will grow from $1.29 billion in 2023 to $1.49 billion in 2024 at a compound annual growth rate (CAGR) of 15.4%. The growth in the historic period can be attributed to growing need for interoperability, growing need for structured data, increasing number of internet users, rising demand for semantic knowledge graphing in the healthcare sector, growing demand for semantic knowledge graphing in the e-commerce sector, rising demand for semantic knowledge graphing in the manufacturing sector.
The semantic knowledge graphing market size is expected to see rapid growth in the next few years. It will grow to $2.47 billion in 2028 at a compound annual growth rate (CAGR) of 13.5%. The growth in the forecast period can be attributed to increasing use of natural language processing and machine learning, increasing need for data integration and analytics, increasing volume of data on the internet, growing traction of knowledge graphs for quick knowledge base search, advancements in resolving data access and availability issues, changing in customer expectations, increasing demand for 5g technology in emerging economies. Major trends in the forecast period include technological advancements, innovative solutions, innovation and excellence, business partnership and collaboration, and integration with other technologies.
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Scope Of Semantic Knowledge Graphing Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Semantic Knowledge Graphing Market Overview
Market Drivers –
The growing need for structured data is expected to propel the growth of the semantic knowledge graphing market going forward. Structured data refers to data that is organized and formatted in a way that is easily identifiable and searchable by computer systems. Semantic knowledge graphing enhances the value and utility of structured data by providing a framework for organizing and connecting information in a meaningful way. For instance, according to the survey conducted by Komprise, a US-based data management company, 87% of IT leaders rated managing unstructured data growth as a top priority in 2022, up from 70% in 2021. Therefore, the growing need for structured data is driving the growth of the semantic knowledge graphing Market.
Market Trends –
Major companies operating in the semantic knowledge graphing market are developing innovative products, such as Amazon Neptune, to organize and connect structured and unstructured data in a meaningful way. Amazon Neptune is a graph database service that caters to the storage and processing needs of extensive interconnected datasets. For instance, in October 2022, Amazon Web Services (AWS), a US-based cloud computing company, introduced Amazon Neptune, a purpose-built, high-performance graph database engine optimized for storing billions of relationships and querying the graph. The service employs semantic technologies to enable efficient querying and analysis of data and makes it easy to build and run applications that work with highly connected data.
The semantic knowledge graphing market covered in this report is segmented –
1) By Knowledge Graph Type: Context-rich Knowledge Graphs, External-sensing Knowledge Graphs, Natural Language Processing (NLP) Knowledge Graphs
2) By Data Source: Structured, Unstructured, Semi-structured
3) By Task Type: Link Prediction, Entity Resolution, Link-based Clustering
4) By Application: Semantic Search, Question and Answer (QnA) Machines, Information Retrieval, Electronic Reading, Other Applications
5) By End-User: Banking, Financial Services And Insurance (BFSI), Healthcare, Manufacturing
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Regional Insights –
North America was the largest region in the semantic knowledge graphing market in 2023. The regions covered in the semantic knowledge graphing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the semantic knowledge graphing market report are Amazon.com Inc., Google LLC, Microsoft Corporation, Facebook Inc., The International Business Machines Corporation, Oracle Corporation, Mitsubishi Electric Corporation, SAP SE, Thales Group, Baidu Inc., LinkedIn Corporation, Wipro Limited, Yandex N.V. , OpenLink Software, Neo4j, MarkLogic, Bitnine, Datavid, Ontotext, Stardog Union , TopQuadrant, GraphAware, Cambridge Semantics, Memgraph, Franz Inc.
Table of Contents
- Executive Summary
- Semantic Knowledge Graphing Market Report Structure
- Semantic Knowledge Graphing Market Trends And Strategies
- Semantic Knowledge Graphing Market – Macro Economic Scenario
- Semantic Knowledge Graphing Market Size And Growth
…..
- Semantic Knowledge Graphing Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
- Appendix
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