0

Graph Database Market Expected to Reach $3,731 Million by 2026

 
2022
Graph Database Market

Report Code : A04996

quote Asia-Pacific is expected to grow at the highest CAGR during the forecast period, as many Asian countries, are leveraging information-intensive technologies to gain a competitive edge over other players. Companies from this region are digitizing rapidly and promoting the emerging technologies, such as Internet of Things (IoT), mobility, cloud, and analytics. Rapid digitization has resulted in the production of large volumes of unstructured data. This trend is expected to provide significant opportunities for graph database market in the upcoming years quote

Rachita Rake
Research Analyst, ICT at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a recent report published by Allied Market Research, titled,"Graph Database Market by Component, Deployment Model, Type Of Databases, Analysis Type, Application, Organization Size, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2019 - 2026,"the global graph database market size was valued at $651 million in 2018 and is projected to reach $3,731 million by 2026, growing at a CAGR of 24.5% from 2019 to 2026.

Surge in adoption of graph database software in the healthcare sector, increase in application areas of graph database, rise in need for better response time & accuracy to discover new data correlations, and upsurge in penetration of connected data to optimize marketing performance are the key factors that boost the growth of the global graph database market. Moreover, increase in use of virtualization for big data analytics and technological advancements in graph database technology are the other factors that drive the market growth. However, lack of technical expertise and high setup costs are expected to hamper the graph database market growth.

Based on component, the software segment dominated the overall graph database market in 2018, and is expected to continue this trend during the forecast period. This is attributed to surge in need of this software, as large volume of data is generated continuously, due to which managing the data using a traditional relational database infrastructure is difficult for enterprises. In addition, the service segment is expected to witness the highest CAGR during the forecast period, due to growth in adoption of services among end users, as they ensure effective functioning of software and platforms throughout the process.

The on-premise deployment model was the highest contributor to the global graph database market in 2018, and is projected to remain dominant during the forecast period as the on-premise deployment model offers more control over how security is implemented, measured, and contained, thus driving its adoption among end users. However, the cloud-based graph database software is expected to witness highest growth due to its increasing adoption among the small and medium enterprises. Cloud services consolidation coupled with rapid of the hybrid cloud sector give a positive outlook to the cloud graph database platform in enterprises.

Furthermore, the IT & telecom industry dominated the graph database market in 2018, and is expected to remain dominant during the forecast period. This is attributed to the fact that telecommunication operators are increasingly focusing on this technology to achieve competitive gain, as many of the critical data sets in telecommunications are graphs, for instance, network graph, social graph, call center graph, and the master data graph. However, the transportation & logistic industry is expected to witness highest CAGR during the forecast period, due to increase in adoption of graph database technology in this industry to compute fast, to localize door-to-door delivery of goods between buyers & sellers, and to scale their business to include the supply chain.

North America dominated the overall graph database market share in 2018, as the organizations operating in this region highly rely on data, which is driving the adoption of graph database tools and related technologies. Furthermore, the emergence of technology-based enterprises and industries has created the significant growth opportunities for the graph database vendors in this region.

Key Findings of the Graph Database Market:

  • By component, the software segment dominated the graph database market size. However, the services segment is expected to exhibit significant growth in the global graph database industry during the forecast period.
  • Based on deployment model, the on-premise segment accounted for the highest revenue of graph database industry in 2018.
  • By type of database, the non-relational (NoSQL) segment is expected to witness significant growth in the upcoming years.
  • Depending on analysis type, the path analysis generated the highest revenue of graph database market in 2018. However, centrality analysis is expected to witness highest growth rate in the forecast period.
  • By application, the recommendation engine application is expected to witness significant growth in the upcoming years.
  • As per organization size, the large enterprises generated the highest revenue of market in 2018. However, small and medium enterprises is expected to witness highest growth rate in the forecast period.
  • Depending on industry vertical, the IT & telecom generated the highest revenue of market in 2018. However, transportation & logistics is expected to witness highest growth rate in the forecast period.
  • Region wise, North America dominated the graph database industry in 2018. However, the Asia-Pacific is anticipated to exhibit substantial growth during the graph database market forecast period.

Some of the key market players profiled in the report include DataStax, Franz Inc., Neo4j, Inc., Oracle Corporation, OrientDB, MongoDB, Objectivity Inc., Stardog Union Inc., Teradata Corporation, and Microsoft Corporation. This study includes graph database market analysis, trends, and future estimations to determine the imminent investment pockets.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Graph Database Market by Component (Software and Services), Deployment Model (On-premise and Cloud), Type of Database (Relational (SQL) and Non-relational (NoSQL)), Analysis Type (Path Analysis, Connectivity Analysis, Community Analysis and Centrality Analysis), Application (Fraud Detection & Risk Management, Master Data Management, Customer Analytics, Identity & Access Management, Recommendation Engine, Privacy & Risk Compliance, and Others), Organization Size (Large Enterprises and Small & Medium Enterprises), Industry Vertical (BFSI, Retail & Ecommerce, IT & Telecom, Healthcare & Life science, Government & Public Sector, Media & Entertainment, Manufacturing, Transportation & Logistics, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Nov 2024

Plush Toy Market

Download Sample

Buy Full Version
"Graph Database Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers