IMARC Group, a leading market research company, has recently releases report titled “Graph Database Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global graph database market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Graph Database Market?
The global graph database market size reached US$ 1.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.8 Billion by 2028, exhibiting a growth rate (CAGR) of 21.2% during 2023-2028.
What is Graph Database?
A graph database refers to a database management system (DBMS) designed to store and manage data using graph structures. It is suited for storing and querying highly connected data, where relationships between entities are crucial. It excels at representing and traversing complex relationships, making them well-suited for use cases like social networks, recommendation systems, fraud detection, network analysis, and knowledge graphs. It offers more flexibility and scalability when it comes to modeling and querying relationships as compared to traditional relational databases.
Request Free Sample Copy of This Report: https://www.imarcgroup.com/graph-database-market/requestsample
What are the growth prospects and trends in the graph database industry?
Presently, the increasing usage of graph databases in different industry verticals on account of their numerous advantages represents one of the primary factors strengthening the market growth around the world.
Moreover, there is a rise in the utilization of graph databases in smart grids as they are optimized for graph data models. Apart from this, the increasing adoption of graph databases in the healthcare industry to offer a holistic and suitable view of health data, which helps healthcare professionals diagnose and predict diseases quickly, is favoring the growth of the market.
In addition, other growth inducing factors are rapid urbanization, expanding global population, rising funding for the expansion of smart cities by governing authorities of several countries, and increasing consumption of electricity worldwide.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Component:
• Software
• Services
Breakup by Type of Database:
• Relational (SQL)
• Non-Relational (NoSQL)
Breakup by Analysis Type:
• Path Analysis
• Connectivity Analysis
• Community Analysis
• Centrality Analysis
Breakup by Deployment Model:
• On-premises
• Cloud-based
Breakup by Application:
• Fraud Detection and Risk Management
• Master Data Management
• Customer Analytics
• Identity and Access Management
• Recommendation Engine
• Privacy and Risk Compliance
• Others
Breakup by Industry Vertical:
• BFSI
• Retail and E-Commerce
• IT and Telecom
• Healthcare and Life Science
• Government and Public Sector
• Media and Entertainment
• Manufacturing
• Transportation and Logistics
• Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Amazon Web Services Inc. (Amazon.com Inc.), Datastax Inc., Franz Inc., International Business Machines Corporation, Marklogic Corporation, Microsoft Corporation, Neo4j Inc., Objectivity Inc., Oracle Corporation, Stardog Union, Tibco Software Inc. and Tigergraph Inc.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Email: sales@imarcgroup.com
Follow us on Twitter: @imarcglobal
LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/
English (US)