Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1827.5 Million | USD 5996.24 Million | 4.5% | 2021 |
FrequentlyAsked Questions
Graph database eases the distribution of any data across data centers, making business applications ready to scale, and able to create real-time insights and experiences. Moreover, it helps display insights through data visualizations and provides a real-time forecast for streaming data. The growing consensus toward graph database is the most direct path to extracting business decisions from the value found in the data.
According to the Market Research report, the global graph database market was worth around USD 1827.5 million in 2021 and is estimated to grow to about USD 5996.24845178325 million by 2028, with a compound annual growth rate (CAGR) of approximately 21.9 percent over the forecast period.
North America is forecasted to have the largest market share in the graph database market. Factors influencing the growth of the graph database market in North America include the increasing technological advancements and the growing number of graph database players across this region. The Asia Pacific region is expected to register a steady growth during the forecast period
Some of the main competitors dominating 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), MarkLogic Corporation (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).
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