Graph Database Market Share, Size, Trends, Industry Analysis Report, By Component By Type; By Application, By Vertical (BFSI, Retail and e-commerce, Telecom and IT, Healthcare, Pharmaceuticals, Life Sciences, Government and Public Sector, Manufacturing and Automotive, Media and Entertainment, Energy and Utilities, Travel and Hospitality, Transportation and Logistics, Others); By Region; Segment Forecast, 2022 - 2030
- Published Date:Jan-2022
- Pages: 118
- Format: PDF
- Report ID: PM2212
- Base Year: 2021
- Historical Data: 2018 - 2020
Report Outlook
The global graph database market was valued at USD 1.93 billion in 2021 and is expected to grow at a CAGR of 23.1% during the forecast period. The rising proliferation of the Artificial intelligence (AI)-based database tools and services, coupled with the increasing need for improved reply time and precision to determine new data correlations, as well as integration of the real-time big data mining with result visualization are the factors that are contributing to the graph database market demand.
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Furthermore, healthcare-focused start-ups are strengthening the demand for this technology to fulfill the need & wants of users, which, in turn, positively influence the graph database market demand in the foreseen period. COVID–19 has affected the dynamics of business operations around the world. The arrival of the COVID–19 showed a lucrative growth of the industry as various government organizations and private sectors penetrated chart records for handling uncertainty occurs during real-time.
The retail and manufacturing industry suffered from a significant downfall in business performance during the first and second quarters of 2020, which led to the increasing adoption of the AI-based graphic database. Thus, the widespread of coronavirus creates various fruitful opportunities for graph database market growth.
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Industry Dynamics
Growth Drivers
The increasing demand for corresponding data for optimizing industry performance impels market growth. Chart folders are specially intended for highly interconnected data; this efficiently works when the data is connected and signifies how it associates or refers to further data by way of many-to-many dealings like chart folder technology in a social network.
Graph databases also cut down the amount of work required to build and present the data views found in social networks like activity feeds or formative, whether the consumer might identify a known person across the network. Likewise, chart folder technology presents various benefits such as enhanced flexibility, easier data modeling, and better performance for highly connected data, in contrast to any other relational folders, which, in turn, may fuel the graph database market growth.
Furthermore, the rising demand for chart databases software across the healthcare industry also drives the industry demand. Graph database software plays a significant role in the healthcare and life sciences sectors for recording patient data and presenting this data to various healthcare providers. With these chart database technology, healthcare organizations are increasing connections inside their current data like related genomes or data associated with patient treatments, which fosters the industry demand around the world.
Report Segmentation
The market is primarily segmented on the basis of component, deployment mode, type, application, vertical, and region.
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By Component |
By Deployment Mode |
By Type |
By Application |
By Vertical |
By Region |
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Insight by Component
The software segment is recorded with the largest revenue share in the global industry. Software assists in evaluating data provided from IoT devices, clickstreams, sensors, and social media platforms. They offer information outcomes through interactive dashboards. These features are anticipated to accelerate the segment growth across the global industry.
The services segment is projected to rise at the highest growth rate over the forecasting period. The segment acts as a significant factor in the functioning of chart database solutions, along with it ensure the quick and seamless deployment that capitalize on the value of enterprise investments. The rising utilization of chart database solutions is likely to fuel the proliferation of professional and managed services. Professional service vendors have proper knowledge associated with the products and facilitate customers to focus on their core business, while MSPs assist their consumers by enhancing business operations and reducing expenditure.
Geographic Overview
Geographically, North America is accounted for the largest share in the global market. The rising technology acceptance rate, continuous developments in information technology, and availability of well-established fintech solutions across the region are augmenting the market demand.
Moreover, the strategic partnerships by competitors with various technology players to present hasty analytics and data processing solutions, the growing number of manufacturing firms, the penetration of the AI and Internet of Things (IoT) devices are also further projected to foster the market growth across the region. Therefore, rising investments in innovative technologies like machine learning (ML) are creating a high demand for chart database tools in the near future.
Moreover, Asia Pacific and Europe are also expected to contribute a significant share in the global market during the forthcoming years. Factors such as rapid economic development, globalization, digitalization, and penetration of superior and advancing technologies are majorly attributed to the market development. Also, the growing presence of the smaller chart database vendors across the region is creating various opportunities to deliver chart database solutions to the diverse sectors of the economy. Furthermore, market players also focus on offering superior customer services to increase revenue generation. Therefore, Japan, Korea, India, and China are the most potential nations across the APAC that exhibit ample growth opportunities for market development.
Competitive Insight
Some of the major players operating in the global market include Amazon Web Services, Inc., ArangoDB, Bitnine Co, Ltd., Blazegraph, Cambridge Semantics, DataStax, Dgraph Labs, Eccenca, Fluree, Franz Inc., Hewlett Packard Enterprise, IBM Corporation, MarkLogic Corporation, Microsoft, MongoDB, Neo4j, Inc., Objectivity Inc., Openlink Software, Oracle Corporation, OrientDB, Redis Labs, SAP SE, Stardog Union Inc., Teradata Corporation, TIBCO Software, Inc., and TigerGraph, Inc.
Graph Database Market Report Scope
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Report Attributes |
Details |
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Market size value in 2021 |
USD 1.93 billion |
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Revenue forecast in 2030 |
USD 11.60 billion |
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CAGR |
23.1% from 2022 - 2030 |
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Base year |
2021 |
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Historical data |
2018 - 2020 |
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Forecast period |
2022 - 2030 |
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Quantitative units |
Revenue in USD million/billion and CAGR from 2022 to 2030 |
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Segments covered |
By Component, By Deployment Mode, By Type, By Application, By Vertical, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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Key Companies |
Amazon Web Services, Inc., ArangoDB, Bitnine Co, Ltd., Blazegraph, Cambridge Semantics, DataStax, Eccenca, Fluree, Franz Inc., Hewlett Packard Enterprise, IBM Corporation, MarkLogic Corporation, Microsoft, MongoDB, Neo4j, Inc., Objectivity Inc., Openlink Software, Oracle Corporation, OrientDB, Redis Labs, SAP SE, Stardog Union Inc., Teradata Corporation, TIBCO Software, Inc., and TigerGraph, Inc. |
