The latest research study “Graph Database Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global graph database market size reached a value of US$ 1.13 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 3.78 Billion by 2027, exhibiting a CAGR of 21.60% during 2022-2027.
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Graph database (GDB) refers to the database that uses graph structure to store and represent data in collections of nodes and edges instead of columns and rows. It is widely used in recommendation engines, customer analytics, risk management, identification and access management, fraud detection, and master data management. It offers various benefits, such as enhanced computing power, indexing, querying, and storage for handling complex and large-scale data analysis compared to other database solutions. As a result, GDB is gaining immense traction for data management across numerous industries and sectors.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Graph Database Market Trends and Drivers:
The global graph database market is primarily driven by the escalating need for effective data management across various industry verticals, such as retail, telecommunications, manufacturing, information technology (IT), banking, financial services, and insurance (BFSI). Moreover, GDB solutions can be extended easily with new vertices and edge types and are inherently flexible, which is accelerating the product adoption rate.
Additionally, the increasing product usage in supply chain management, social media data mining, and sales to determine the interconnection between a customer’s online behavior has augmented product demand. Besides this, GDB reduces complexity in a database and enhances accessibility by avoiding the generation and replication of many tables, which is another major growth-inducing factor.
Furthermore, the surging adoption of artificial intelligence (AI)-based GDB tools and services is propelling the market growth. Other factors, including the increasing reliance on cloud computing technology, emerging healthcare applications, and improvements in GDB technology, are also anticipated to create a positive market outlook.
Global Graph Database Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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.
The report has segmented the market on the basis of region, component, type of database, analysis type, deployment model, application and industry vertical.
Breakup by Component:
- Software
- Services
Breakup by Type of Database:
- Relational (SQL)
- Non-Relational (NoSQL)
Market 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
Market 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
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
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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