Global Graph Database Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Insights and Analysis: Global Graph Database Market Overview and Projections (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. The market growth is attributed to the surging need for solutions that could process low-latency queries & the booming deployment of AI-based graph database tools & services.
Top leading companies in the Global Graph Database Market includes:
IBM, Oracle, Microsoft, Amazon Web Services, SAP, NEO4J , MarkLogic, TigerGraph, Stardog, DataStax, HPE, Franz Inc., Ontotext, Openlink Software, Dgraph Labs, Others.
Global Graph Database Market Challenge:
Absence of Standards & Simple Programming to Hinder the Market Growth – Graph databases, despite being part of the NoSQL database family, often face challenges when scaling across low-cost clusters & running on a single machine. This limitation can lead to rapid performance degradation over the network, hindering the expansion of the Global Graph Database Market. Furthermore, developers typically need to write queries in Java since there is no Standard Query Language (SQL) for retrieving data from graph databases. This can result in the need to hire expensive programmers or learn query languages like SparcQL, specially designed to support graph databases.
Moreover, the lack of programming simplicity & standardization within graph database systems, as well as the absence of uniformity makes it harder for developers & organizations to adopt graph databases seamlessly, thus creating a barrier to the Graph Database Market growth.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Component
-Managed Services- Market Size & Forecast 2018-2028, USD Million
-Professional Services- Market Size & Forecast 2018-2028, USD Million
-Consulting Services- Market Size & Forecast 2018-2028, USD Million
-Deployment & Integration Services- Market Size & Forecast 2018-2028, USD Million
-Support & Maintenance Services- Market Size & Forecast 2018-2028, USD Million
By Type
-Resource Description Framework- Market Size & Forecast 2018-2028, USD Million
-Labeled Property Graph- Market Size & Forecast 2018-2028, USD Million
-By Deployment
-Cloud- Market Size & Forecast 2018-2028, USD Million
-On-Premises- Market Size & Forecast 2018-2028, USD Million
By Organization Size
-Large Enterprises- Market Size & Forecast 2018-2028, USD Million
-Small & Medium-Sized Enterprises- Market Size & Forecast 2018-2028, USD Million
By Application
-Customer Analytics- Market Size & Forecast 2018-2028, USD Million
-Identity & Access Management- Market Size & Forecast 2018-2028, USD Million
-Recommendation Engine- Market Size & Forecast 2018-2028, USD Million
-Master Data Management- Market Size & Forecast 2018-2028, USD Million
-Privacy & Risk Compliance- Market Size & Forecast 2018-2028, USD Million
-Fraud Detection & risk Management- Market Size & Forecast 2018-2028, USD Million
-Others- Market Size & Forecast 2018-2028, USD Million
By End Users
-BFSI- Market Size & Forecast 2018-2028, USD Million
-IT & Telecommunication- Market Size & Forecast 2018-2028, USD Million
-Retail & Ecommerce- Market Size & Forecast 2018-2028, USD Million
-Healthcare- Market Size & Forecast 2018-2028, USD Million
-Government & Public Infrastructure- Market Size & Forecast 2018-2028, USD Million
-Media & Entertainment- Market Size & Forecast 2018-2028, USD Million
-Others- Market Size & Forecast 2018-2028, USD Million.
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Global Graph Database Market Geographic Reach:
The Geographic Reach of the Global Graph Database Market evaluates the spread and significance of Global Graph Database market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- North America: US, Canada, Mexico
- Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
- Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, South Africa, Egypt, Rest of MEA.
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