IMARC Group, a leading market research company, has recently releases report titled “Graph Database Market Report by Component (Software, Services), Type of Database (Relational (SQL), Non-Relational (NoSQL)), Analysis Type (Path Analysis, Connectivity Analysis, Community Analysis, Centrality Analysis), Deployment Model (On-premises, Cloud-based), Application (Fraud Detection and Risk Management, Master Data Management, Customer Analytics, Identity and Access Management, Recommendation Engine, Privacy and Risk Compliance, and Others), Industry Vertical (BFSI, Retail and E-Commerce, IT and Telecom, Healthcare and Life Science, Government and Public Sector, Media and Entertainment, Manufacturing, Transportation and Logistics, and Others), and Region 2024-2032”, Offers a comprehensive analysis of the industry, which comprises insights on the graph database market share.

How Big is the Graph Database Market?

The global graph database market size reached US$ 1.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 7.8 Billion by 2032, exhibiting a growth rate (CAGR) of 18.3% during 2024-2032.

Industry Overview of Graph Database

A graph database refers to a database management system (DBMS) designed to store and manage data using graph structures. It is suited for storing and querying highly connected data, where relationships between entities are crucial. It excels at representing and traversing complex relationships, making them well-suited for use cases like social networks, recommendation systems, fraud detection, network analysis, and knowledge graphs. It offers more flexibility and scalability when it comes to modeling and querying relationships as compared to traditional relational databases.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/graph-database-market/requestsample

What are the growth prospects and trends in the graph database industry?

Presently, the increasing usage of graph databases in different industry verticals on account of their numerous advantages represents one of the primary factors strengthening the market growth around the world. 

Moreover, there is a rise in the utilization of graph databases in smart grids as they are optimized for graph data models. Apart from this, the increasing adoption of graph databases in the healthcare industry to offer a holistic and suitable view of health data, which helps healthcare professionals diagnose and predict diseases quickly, is favoring the growth of the market. 

In addition, other growth inducing factors are rapid urbanization, expanding global population, rising funding for the expansion of smart cities by governing authorities of several countries, and increasing consumption of electricity worldwide. 

Leading Companies Operating in the Global Graph Database Industry:

• 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.
• Tigergraph Inc.

Graph Database Market Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Component:

• Software
• Services

Breakup by Type of Database:

• Relational (SQL)
• Non-Relational (NoSQL)

Breakup by Analysis Type:

• Path Analysis
• Connectivity Analysis
• Community Analysis
• Centrality Analysis

Breakup by Deployment Model:

• On-premises
• Cloud-based

Breakup by Application:

• Fraud Detection and Risk Management
• Master Data Management
• Customer Analytics
• Identity and Access Management
• Recommendation Engine
• Privacy and Risk Compliance
• Others

Breakup by Industry Vertical:

• BFSI
• Retail and E-Commerce
• IT and Telecom
• Healthcare and Life Science
• Government and Public Sector
• Media and Entertainment
• Manufacturing
• Transportation and Logistics
• Others

Breakup 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

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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