Global Graph Database Market Scope Report

Global Graph Database Market Highlights Over 2023 - 2035

The global graph database market is estimated to garner a revenue of USD 11.0 Billion by the end of 2035 by growing at a CAGR of ~22% over the forecast period, i.e., 2023 – 2035. Further, the market generated a revenue of USD 2.0 Billion in the year 2022. The growth of the market can be attributed to the increasing demand for real time big data analytics that allow the users to analyze and understand the data for better decisions. There are more than 2 quintillion bytes value of data are generated every day.

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The graph is a key concept in the system (or edge or relationship). The graph connects the data items in the store to a network of nodes and edges, with the edges representing the nodes' relationships. The relationships enable data in the store to be directly linked together and, in many cases, retrieved with a single operation. The relationships between data are prioritized in graph databases and relationships are stored in the database indefinitely making querying process quick. Graph databases can intuitively visualize relationships, making them useful for highly interconnected data.  therefore, growing deployment of virtualization for big data analytics is expected to boost the growth of the global graph database market. More than half of the organizations around the world use virtualization technologies.

Global Graph Database Market: Growth Drivers and Challenges

Growth Drivers

• Surging Need to Track Digital Assets- There is a need to track digital assets in the form of evaluations, papers, agreement, and others in an organization. Hence, it is anticipated to increase the growth of the global graph database market. More than 40 per cent of the small businesses fail to track their assets effectively.

• Rising Adoption of Artificial Intelligence – By the end of 2021, more than 30 per cent of the enterprises involved artificial intelligence in its operations.

• Surging Transformation of Traditional to Digital Business– More than 90 per cent of the businesses across the globe are engaged in some form of digital initiative.

• Rising IOT Connection Devices – The number of IOT connected devices accounted to more than 9 Billion in the year 2020 across the globe

Challenges

• Lack of Awareness Related to the Benefits of Graph Database

• Scarcity of Technical Expertise

• High Maintenance Cost

The global graph database market is segmented and analyzed for demand and supply by vertical into healthcare, retail, BFSI, government, it & telecom, manufacturing, and others. Out of these, the BFSI segment is anticipated to hold the largest share over the forecast period owing to a surging investment by the banking and insurance companies to digitalize its operations. Moreover, the organizations are able to work properly in real time with the graph database solutions for providing enhanced customer experiences. In the year 2020, more than USD 20 Billion real time online transactions were made in India.

Global Graph Database Market Regional Synopsis

Regionally, the global graph database market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in the North America region is projected to hold the largest market share by the end of 2035 on the back of an earlier adoption of new technologies and fintech solutions followed by the rising investment in the advanced technologies such as IOT devices, and machine learning. Moreover, the companies in the region are continuously spending on research & development in order to have a competitive advantage. For instance, there are more than 10, 000 fintech startups registered in the United States as of 2021.

Market Segmentation

Our in-depth analysis of the global graph database market includes the following segments:

Key Companies Dominating the Global Graph Database Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global graph database market that are included in our report are IBM Corporation, Teradata Corporation, SAP SE, TIBCO Software, Inc., Hewlett Packard Enterprise Development LP, Franz Inc., MarkLogic Corporation, Oracle Corporation, Microsoft Corporation, Amazon Web Services, Inc., and others.

Global Graph Database Market: Latest Developments

• August, 2022: Teradata Corporation announced the ClearScape Analytics that operationalize artificial intelligence and machine learning at a scale with the most robust in-database functionality of any analytics for solving organizations most complex problems.

• October, 2022: Amazon Web Services, Inc., announced the collaboration with BMW Group to develop customizable software in order to simplify the management and distribution of data from millions of connected vehicles.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.  

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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