Graph Database Market Size, Share, Growth, Trends and Forecast - 2028

 According to a research report "Graph Database Market Trends by Model Type (RDF, LPG, Hypergraph), Offering (Solutions, Services), Analysis Type (Community Analysis, Connectivity Analysis, Centrality Analysis, Path Analysis), Vertical, and Region - Global Forecast to 2028" published by MarketsandMarkets, the global graph database market size to grow from USD 2.9 billion in 2023 to USD 7.3 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 20.2% during the forecast period. Increasing adoption for graph database tools and services to drive market.

The services segment to hold higher CAGR during the forecast period

Based on the offering, the graph database market is segmented into solutions and services. The services segment has been further divided into professional and managed services. Graph database services encompass a range of offerings designed to support the implementation, management, and optimization of graph databases for various applications. The growing adoption of graph database solutions is expected to boost the adoption of professional and managed services.

Community Analysis segment to hold the largest market size during the forecast period

Community analysis refers to the process of identifying and characterizing groups or clusters of nodes within a graph that exhibit a higher degree of interconnectedness among themselves compared to the rest of the graph. The need for deeper insights into complex relationships and structures within data networks drives the adoption of community analysis techniques.

The graph extension segment to hold a larger market size during the forecast period

The graph extension segment is expected to hold highest market share during the forecast period. Graph extensions find applications in various fields such as social networks, recommendation systems, knowledge graphs, and more, enabling richer and more nuanced representations of data. The need for advanced functionality beyond basic graph storage and querying drives the adoption of graph extensions.

BFSI segment to have the largest market size during the forecast period

In the BFSI sector, graph databases are gaining traction as vital tools for fraud detection, risk assessment, and customer relationship management. The ability to analyze intricate financial connections and patterns allows for improved fraud prevention, while modeling customer interactions enhances personalized services. Graph databases empower the BFSI industry to navigate complex relationships and provide real-time insights, contributing to more informed decision-making and streamlined operations.The need to leverage interconnected data to improve fraud detection, risk management, customer relationships, compliance, and overall operational efficiency will drive the BFSI segment.

Asia Pacific to hold higher CAGR during the forecast period

Asia Pacific is expected to grow at a good pace during the forecast period. Opportunities for smaller graph database vendors to introduce graph database solutions for numerous sectors have also increased. increasing adoption of graph databases across various industries in the Asia Pacific region. Organizations recognize the value of graph databases in addressing complex data challenges, uncovering insights, and driving innovation in an ever-evolving technological landscape.

The major vendors in the graph database market include Oracle Corporation (US), IBM Corporation (US), Amazon Web Services, Inc. (US), DataStax (US), Ontotext (Bulgaria), Stardog Union (US), Hewlett Packard Enterprise (US), ArangoDB (US), Blazegraph (US), Microsoft Corporation (US), SAP SE (Germany), Teradata Corporation (US), Openlink Software (US), TIBCO Software, Inc. (US), Neo4j, Inc. (US), GraphBase (Australia), Cambridge Semantics (US), TigerGraph, Inc. (US), Objectivity Inc. (US), Bitnine Co, Ltd. (US), Franz Inc. (US), Redis Labs (US), Graph Story (US), Dgraph Labs (US), Eccenca (Germany), and Fluree (US).

 

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

 

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com

Comments

Post a Comment

Popular posts from this blog

Metaverse in Gaming Market Growth to $119.2 Billion by 2028

  The global Metaverse in gaming market growth is projected to expand from USD 22.7 billion in 2023 to USD 119.2 billion by 2028, registering a CAGR of 39.3% over the forecast period. The Metaverse in gaming Market is fuelled by rising demand for online gaming. The substantial global in-game metaverse market suggests many consumers are familiar and comfortable with making transactions in virtual worlds, which sets the stage for more commerce (market growth) to shift towards gaming metaverse experiences. AR and VR headsets will continue to be the primary choice for immersive interactive gaming metaverse experiences for quite some time, but less intrusive technologies will become more common in the near future. Glasses-free display technologies and holographic projection is already gaining traction and will mature to become a more common gaming metaverse gateway. Download PDF Brochure@   https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=15811534 By component, hardware seg...
Read more

Market for Phishing Protection to Reach $4.1 Billion by 2028

The global market for phishing protection is projected to expand from USD 2.2 billion in 2023 to USD 4.1 billion by 2028, achieving a compound annual growth rate (CAGR) of 13.5%. Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=103391093 The driving force behind the rapid expansion of the phishing protection market is rooted in the persistent and adaptive nature of cyber threats, particularly the escalating sophistication of phishing attacks. Organizations are compelled to bolster their cybersecurity defenses as they grapple with the growing diversity of deceptive tactics cybercriminals employ. The prevalence of remote work arrangements and the expanding attack surface in an increasingly interconnected digital landscape further accentuate the urgency for robust phishing protection measures. The intensified regulatory landscape and the need to ensure compliance with data protection regulations fuels the demand for advanced cybersecurity solutions. In th...
Read more

Global Small Language Models Market Worth $5.45 Billion by 2032

  The Global Small Language Model Market is forecasted to rise substantially from USD 0.93 billion in 2025 to USD 5.45 billion by 2032, registering a CAGR of 28.7%. With the growing demand for domain-specific AI that prioritizes performance over computational complexity, the Small Language Model (SLM) market is gaining momentum. In contrast to Large Language Models (LLMs), SLMs are tailored for deployment on low-power devices, facilitating real-time processing and improved data privacy without a heavy dependency on cloud infrastructure. Efforts and accuracy in model compression techniques such as pruning, quantization or knowledge distillation are further growing the market. Additionally, the rising demand for privacy-focused AI models and specialized applications in sectors like healthcare, finance, manufacturing, and legal industries is driving adoption. OpenAI, Microsoft, Meta, and Cohere are among the leading technology providers that have invested heavily in scalable, flexibl...
Read more