Graph Database Market Analysis 2028 – Unveiling Size, Share, Growth, Trends, and Industry Insights
MarkNtel Advisors recently published a detailed industry analysis of the Graph Database Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Insights and Analysis of the Graph Database Market (2023-2028)
The Global Graph Database Market size is valued at around USD 2.22 billion in 2022 & is estimated to grow at a CAGR of about 19.78% during the forecast period, i.e., 2023-28.
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What is driving the Graph Database Market?
Booming Demand for Solutions Processing Low-latency Queries to Augment the Market Growth – Businesses face issues when storing massive amounts of linked data in a database that has not been designed for a particular purpose. Companies are increasingly employing real-time recommendation systems built on top of a graph database that can perform low-latency queries rather than a time-consuming batch procedure built on top of a traditional relational database. It beats traditional relational databases greatly by allowing users to explicitly access earlier purchases made by clients during an online visit to match past & session data. Hence, using a graph database could reduce latency & thus become a driving factor for the market. To achieve low latency & high throughput queries are divided into sub-queries that run continuously.
What segments define the Graph Database market from 2023 to 2028? How do these segments contribute to market dynamics and growth?
By End User
(BFSI, IT & Telecommunication, Retail & E-commerce, Healthcare, Government & Public Infrastructure, Media & Entertainment),
By Application
(Customer Analytics, Identity& Access Management, Recommendation Engine, Master Data Management, Privacy & Risk Compliance, Fraud Detection & Risk Management, Others),
By Component
(Managed Services, Professional Services),
By Organization Size
(Large Enterprises, Small- & Medium-sized Enterprises),
By Deployment
(Cloud, On-premises),
By Type
(Resource Description Framework, Labeled Property Graph),
By Region
(North America, South America, Europe, The Middle East & Africa, Asia-Pacific)
Explore the Complete Graph Database Market Analysis Report – https://www.marknteladvisors.com/research-library/graph-database-market.html
Who are the leading key players shaping the Graph Database Market landscape?
IBM, Oracle, Microsoft, Amazon Web Services, SAP, NEO4J , MarkLogic, TigerGraph, Stardog, DataStax, HPE, Franz Inc., Ontotext, Openlink Software, Dgraph Labs, Others
Questions Addressed in this Study
1.What factors are driving the Graph Database Market growth?
2.How is the Graph Database Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Graph Database Market?
4.What is the current size of the Graph Database Market, and how is it projected to change in the future?
6.What is the future outlook for the Graph Database Market in terms of technological advancements and market expansion?
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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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