According to the latest report of the IMARC group, entitled “Global Graph Database Market Size, Share, Trends, Growth, Opportunities and Forecast 2022-2027“, the global graph database market reached a value of US$1.13 billion in 2021. Looking ahead, IMARC Group expects the market to reach a value of US$3.78 billion US dollars by 2027, growing at a CAGR of 21.60% in 2022-2027.
Graph Database (GDB), also known as Semantic Database, stores data in collections of edges and nodes instead of rows and columns. It can efficiently analyze, scale, and manage large and complex data sets. It minimizes the complexity of a database and improves data accessibility by preventing the generation and duplication of various tables. Compared to traditional database solutions, it offers improved computing power, indexing, querying and storage. As a result, GDB finds many applications in customer analytics, identity and access management, fraud detection and risk management, recommendation engines, and master data management.
Base year: 2021
Forecast year: 2022-2027
Graph Database Market Trends and Drivers:
The global graph database market is primarily driven by its growing applications in numerous industries including banking, financial services and insurance (BFSI), information technology (IT), telecommunications, and retail by retail.
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Additionally, the growing demand for solutions capable of handling low-latency queries has accelerated the rate of product adoption. Additionally, the increasing use of GDB in supply chain management, social media data mining, and sales to determine the interconnections between consumers’ online activities has increased the demand for the products.
Furthermore, the growing reliance on cloud computing technology and the widespread adoption of artificial intelligence (AI)-based GDB tools and services have catalyzed the growth of the market. Other factors including growing use of GDB in smart grids, emerging healthcare applications, growing penetration of connected data, and technological advancements are also expected to further drive the market.
Note: We regularly track the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
2022-2027 Global Graph Database Market Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the major 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.
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The report has segmented the market based on region, component, database type, analysis type, deployment model, application, and industry vertical.
Breakdown by component:
Breakdown by type of database:
- Relational (SQL)
- Non-relational (NoSQL)
Breakdown by type of analysis:
- Path analysis
- Connectivity analysis
- Community Analysis
- Centrality analysis
Breakdown by deployment model:
Breakdown by application:
- Fraud detection and risk management
- Master data management
- Customer Analytics
- Identity and access management
- Recommendation engine
- Privacy and Risk Compliance
Breakdown by vertical industry:
- Retail and e-commerce
- IT and Telecom
- Health and life sciences
- Government and public sector
- Media and Entertainment
- Transport and logistics
Breakdown 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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Main 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
- Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we can provide it to you as part of the customization.
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