Graph databases are revolutionising digital business, and by 2029, the market is expected to grow to US $7.65 billion.
The global Graph Database Market is poised to reach a staggering US $7.65 billion by 2029, exhibiting a remarkable CAGR of 22.5% during the forecast period. This surge is attributed to the escalating adoption of graph database tools and services, transforming traditional businesses into digital powerhouses for enhanced digital business activities.
The study also includes information on the major players in the global Graph Database Market, such as company biographies, product images and specifications, production capacity, pricing, cost, and contact information. This study examines the entire Graph Database Market Size from a global perspective and makes predictions about future trends based on past data.
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Graph Database Market Scope:
Aftermarket engineering undertook thorough primary research that included data triangulation, market breakdown, estimates, computations of market statistics, and calculations of market size in order to gather information, validate important figures, and verify the findings. To calculate percentage splits, market shares, and segment breakdowns, weights based on usage rate and average sale price are applied to each location. Based on the stated market size’s acceptance or usage in the relevant region, the global markets and their sub-segments are segmented by country. Numerous market and industry-related topics are highlighted in the research. New product launches, business expansions, partnerships, joint ventures, and acquisitions are a few examples of marketing techniques. Additionally, the key components of the market research that clearly focus on the industry landscape have all been taken into consideration when structuring this study.
Key Dynamics:
The demand for precision and advanced response time in discovering new correlations and managing multidimensional data in real-time is driving the growth of the graph database market. However, challenges such as the lack of technical expertise, high setup costs, functionality constraints, and the impact of data integration on insight timelines may pose hurdles to market growth.
The on-demand deployment model is gaining traction, offering organizations cost savings on hardware, software, data, maintenance, and staffing. This model allows enterprises to focus more on their core functions.
Segmentation Analysis:
by Component
1. Tools
2. Services
2.1. Professional
2.2. Managed
by Deployment Type
1. On-Demand
2. On-premises
by Organization Size
1. Large Enterprises
2. Small & Medium Enterprises
by Application
1. Customer Analytics
2. Risk Management and Fraud Detection
3. Others
by Industry
1. Banking, Financial Services, and Insurance
2. Energy and Utilities
3. IT and Telecom
4. Healthcare
5. Transportation
6. Retail and Ecommerce
7. Government and Public
8. Others
The market for graph databases is divided into segments based on the application, industry, location, organisation size, deployment type, and component. Tools are anticipated to have the greatest market size among the component throughout the current projected period. Graph database solutions are also very useful in a variety of mergers and acquisitions, when top management needs to be more aware of all the relevant data in order to take the required steps and achieve the desired outcomes.
Key Competitors:
The industry placed a strong emphasis on alliances, purchases, and collaborations as inorganic growth tactics. The Graph Database Market’s potential for future rapid growth means that industry participants should benefit from it. The businesses listed below make up the global Graph Database Market.
1. IBM
2. Microsoft
3. Neo4j
4. Orientdb
5. Oracle
6. AWS
7. Teradata Corporation
8. Tibco Software
9. Marklogic
10. Tigergraph
11. Franz
12. Datastax
13. Ontotext
14. Openlink Software
15. Arangodb
16. Sparcity Technologies
17. Objectivity
18. Cambridge Semantics
19. Bitnine
20. Amazon Web Services
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Regional Analysis:
After examining the political, economic, social, and technological aspects influencing the Graph Database Market in each of these regions, the report also includes extensive PESTLE assessments for each of the five regions—North America, Europe, Asia Pacific, the Middle East, Africa, and South America.
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