Graph Database Market To Demonstrate Profitable Growth With USD 10.25 Bn Earnings By 2028

According to Study of Zion Market Research, Graph Database Market gathered ROI of around US$ 2.01 billion in 2021 and is expected to derive income of almost US$ 10.25 billion in 2028. Apparently, Graph Database Market is foreseen to register a CAGR of about 21.8% in epoch interval from 2022 to 2028. Furthermore, the development of the graph database market over forecasting years can be accredited to escalating use of graph database in master data management systems. In addition to this, obtaining of data accuracy through linking of organizational data with unified repository will have a lucrative effect on market trends. Massive requirement of generating data for fraud detection, identity & access management, and risk compliance will outline marked & diligent growth for graph database industry in coming years. Immense use of AI and machine learning tools as well as the application of data visualization techniques in various industries has helped graph database market explore new facades of progression. However, scarcity of skilled professionals & technical experts can pose a challenge to the expansion of the graph database industry in the coming decade.

IT & Telecom To Dominate End-User Segment Over 2022-2028

Growth of IT & telecom segment in forecasting timeline is subject to growing focus of telecom operators on graph database tools for achieving competitive advantage over their business rivals. Apart from this, presentation of data sets in form of graphs & trees as well as flowcharts & networks has been witnessed in telecom sector. This is likely to steer growth of segment in ensuing years.  

Master Data Management Segment To Lead Application Landscape By 2028

Massive use of master data management graph databases in assisting firms in creating 360 degree interpretation of master data in real-time will inflate demand for master data management graph databases. This will bring increment in progress of master data management segment.

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North America To Become A Global Market Leader By 2028

Regional market expansion over coming six years can be attributed to large-scale acceptance of graph database systems in region. In addition to this, evolution of tech based firms in U.S. and Canada has perpetuated growth of graph database market in sub-continent.

Some of giant players have strongly influenced potential earnings of market & its growth prospects. It has been predicted that these players will create a long-term impact on growth potential of market in coming years. They are profiled in our report and include Oracle Corporation, Sirma AI EAD, Neo Technology, Inc., International Business Machines Corporation, ArangoDB GmbH, Franz Inc., DataStax, Inc., Sparsity Technologies, and Objectivity Inc.

Browse the full “Graph Database Market By Solution (Software And Services) By Vertical (Financial Services, Manufacturing, Public Sector, Telecom, Retail, Travel And Hospitality, And Others) By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Perspective, Comprehensive Analysis And Forecast, 2017 – 2024.” Report at https://www.zionmarketresearch.com/report/graph-database-market

The global Graph Database Market is segmented as follows:

By Component

• Software
• Services

By Deployment Model

• On-premise
• Cloud

By Type of Database

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

By Analysis Type

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

By Application

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

 By End-User

• BFSI
• Retail & Ecommerce
• IT & Telecom
• Healthcare & Life science
• Government & Public Sector
• Media & Entertainment
• Manufacturing
• Transportation & Logistics
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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