Graph Database Market

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Graph Database Market

Graph Database Market was around US$ 830 Mn in 2017 and is expected to grow at a CAGR of around 12.53% in the forecast period of 2018-2026. A graph database also known as a graph-oriented database, is a specific kind of NoSQL database that uses the available graph theory for storage, mapping and query relationships. These graph databases are essentially being used as a collection of nodes and edges. Each of the node represents an object (such as a person or business) where each of the edge represents a connection or relationship present between two nodes. The rise in need to have precision as well as higher response time for discovering new correlations as well as multi-dimensional management of data with query support that is based on real-time are some of the driving factors of the graph database market. However, it is the lack of technical expertise as well as high setup costs that are going to be the major restraining factors for the graph database market. In addition to this, it is the functionality constraints and impact of data integration on insight timelines that will likely be some of the major challenges for the graph database market growth. The on-demand deployment model will likely have a high adoption rate when normally being compared to the on-premises deployment model. By using the on-demand-based deployment, various organizations can also save significant cost relating to the hardware, software, data, maintenance cost, and staff. On-Demand-deployed tools also allow enterprises to put more essence on their core functions.

Graph Database Market

The graph database market is segmented by component, deployment type, organization size, application, industry, and region. Among the component, tools are expected to hold the largest market size during the current forecast period. Graph database tools are also very helpful during various mergers and acquisitions, where there is a need from the top management to be more aware regarding all the pertinent data for taking necessary actions and attain the much-desired results. North America is estimated to hold the largest market size in 2018. The APAC region is further expected to provide significant growth opportunities to manufacturers in the market and to grow at the highest rate during the forecast period. APAC, being a manufacturing hub, is expected to adopt graph database solution and services widely to remain cost efficient and export high- quality goods to other countries. The key players of graph database market include IBM Corporation (U.S.), Microsoft Corporation (U.S.), AWS (U.S.) and Oracle Corporation (U.S.) among others.

Graph Database Market scope:-

Graph Database Market, By Component • Tools • Services o Professional o Managed

Graph Database Market, By Deployment Type

• On-Demand • On-premises

Graph Database Market, By Organization Size

• Large Enterprises • Small & Medium Enterprises

Graph Database Market, By Application

• Customer Analytics • Risk Management and Fraud Detection • Others

Graph Database Market, By Industry

• Banking, Financial Services, and Insurance • Energy and Utilities • IT and Telecom • Healthcare • Transportation • Retail and Ecommerce • Government and Public • Others

Graph Database Market, By Geography

• North America • Europe • Asia-Pacific • Middle East & Africa • Latin America

Key Players operating in the Graph Database Market

• IBM • Microsoft • Neo4j • Orientdb • Oracle • AWS • Teradata Corporation • Tibco Software • Marklogic • Tigergraph • Franz • Datastax • Ontotext • Openlink Software • Arangodb • Sparcity Technologies • Objectivity • Cambridge Semantics • Bitnine

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Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.

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