Published Date: 31-May-2022
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According to a new report, published by KBV research, The Global Graph Database Market size is expected to reach $8.1 billion by 2028, rising at a Market growth of 22.2% CAGR during the forecast period.
The Labeled Property Graph segment dominated the Global Graph Database Market by Type in 2021; thereby, achieving a Market value of $5.6 billion by 2028. The rising growth of the segment is due to the increasing adoption of labeled property graph in large enterprises. A set of nodes, relationships, and labels make up a labeled-property graph model. Both data nodes and their relationships are named, and key-value pairs can be used to hold properties. To group nodes, they can be labeled. The edges that describe the relationships have two characteristics that they always have a start and an end node, and they are directed, resulting in a directed graph. Relationships can have qualities as well. This is useful for supplying more metadata and semantics to node relationships. In addition, relationships can be stored directly, allowing for constant-time traversal.
The Telecom & IT segment is estimated to witness a CAGR of 22.7% during (2022 - 2028). Because many of the essential data sets in telecommunications are graphs, such as the network graph, social graph, call center graph, and master data graph, telecommunication operators are increasingly focused on this technology to obtain a competitive advantage. This factor is driving the growth of this segment.
The Software segment is leading the Global Graph Database Market by Component in 2021, thereby, achieving a Market value of $5.5 billion by 2028. The increasing growth of this segment is owing to its convenience and ease of use. Data collected by IoT devices, clickstreams, sensors, and social media platforms can be analyzed with software. They project data in the configuration of interactive dashboards. This is due to a surge in the demand for software, as massive amounts of data are constantly generated, making it difficult for businesses to manage data using traditional relational database infrastructure.
The Cloud segment has shown growth rate of 23.9% during (2022 - 2028). The growth of the cloud deployment method is rapidly increasing due to the fact that this deployment type allows the user to leverage graph database solutions through an open platform. Using cloud-based graph data solutions eliminates the requirement of a dedicated device. Moreover, through the cloud deployment of these solutions, users can remotely manage their graph databases. Because cloud-based solutions along with services assist SMEs in improving their business performance and efficiency, the Market for SMEs is likely to observe significant growth throughout the forecast period.
The Large Enterprises segment acquired maximum revenue share in the Global Graph Database Market by Organization Size in 2021; thereby, achieving a Market value of $5.2 billion by 2028. The rising growth of this segment is owing to the rising employment of graph database systems across large enterprises because of the affordability and adoption of emerging technologies in these organizations. Large enterprises are also increasingly employing graph database solutions due to the increasing workloads across these organizations.
The Risk, Compliance & Reporting Management segment is showcasing a CAGR of 20.3% during (2022 - 2028). The process of discovering, assessing, and controlling risks to a company's capital and profitability is known as risk management. Financial uncertainties, technology challenges, legal liabilities, strategic management failures, accidents, and natural disasters are all potential causes of risk. A comprehensive risk management solution allows an organization to examine all of the problems that it confronts. Risk management also looks at the link between threats and the potential for them to have a cascade effect on strategic goals of an organization.
North America is the fastest growing region in the Global Graph Database Market by Region in 2021, and would continue to be a dominant Market till 2028; thereby, achieving a Market value of $2.8 billion by 2028. The Europe Market is estimated to witness a CAGR of 21.7% during (2022 - 2028). Additionally, The Asia Pacific Market would experience a CAGR of 22.8% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/graph-database-market/
The Market research report has exhaustive quantitative insights providing a clear picture of the Market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the Market have been discussed in the report with the elaborated company profiles of IBM Corporation, Oracle Corporation, Microsoft Corporation, Amazon Web Services, Inc. (Amazon.com, Inc.), SAP SE, Teradata Corporation, Hewlett Packard Enterprise Company, MarkLogic Corporation, TigerGraph, and OpenLink Software, Inc.
By Deployment Type
By Organization Size
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