$7 + Billion Chart Database Market Size Growth 22+% CAGR


NEW YORK, October 19, 2022 (GLOBE NEWSWIRE) – Insight Partners has published the latest research study on “market graph database Size, Share, Industry Trends and Forecasts to 2028- Impact of COVID-19, Global Analysis by Components (Software and Services); Deployment type (local, cloud); Application (risk management and fraud detection, customer analytics, recommendation engines, supply chain management, operations management and asset management, knowledge management, scientific data management, other); Type (property diagram, resource description framework); Industry (BFSI, healthcare, telecom and information technology, retail and e-commerce, transportation and logistics, government and public sector, media and entertainment, travel and hospitality, manufacturing, etc.) and geography,” the global graph database market size is expected to grow From $1.85 billion in 2021 to $7.22 billion by 2028; it is expected to grow at a compound annual growth rate of 22.1% between 2022 and 2028.

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global graph database market Report Scope, Sections, Regional and Country Scope:

Report coverage details
Market size value in $1.85 billion in 2021
Market size value by 7.22 billion USD by 2028
growth rate Compound annual growth rate of 22.1% from 2022 to 2028
prediction period 2022-2028
base year 2021
number of pages 150
Available historical data yes
Sectors covered Component, deployment type, application, genre, industry vertical, and geography
Regional scope North Amarica; Europe; Asia Pacific; Latin america; Middle East Airlines
country range United States, United Kingdom, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Key research capabilities Global market assessment, Business development strategies, Competitive landscape, Opportunity analysis, Market analysis at regional and country levels, Market entry strategies, Market dynamics, Risk and return assessments, Price analysis, Market size and forecast, Company classification, Value chain analysis, Expansion strategies, SWOT Analysis, New Product Development
Global Graph Database Market Forecast to 2028 – Latest Analysis of COVID-19 https://www.theinsightpartners.com/covid-analysis-sample/TIPRE00006565/

Global Graph Database Market: Competitive Landscape

Amazon Web Services, Inc. Callidus Software Inc.; IBM Corporation; Microsoft Corporation; MarkLogic Neo4j, Inc. Oracle OpenLink; Teradata Corporation; and TIBCO Software Inc. Among the major players in the Graph Database market identified during the study. Several other top companies have been studied and analyzed during this research study to get a comprehensive view of the global Graphing Database market and its ecosystem.

With the widespread adoption of graphing database solutions and services, some vendors of legacy database technologies are trying to put graph database schemas on top of their relational database designs. In practice, the method can restrict the performance of queries launched against the database, although the approach could theoretically reduce costs. Graph Database is changing the traditional brick-and-mortar business into a digital business force in terms of digital business initiatives.

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Using nodes, edges, and features to represent and store data, a graph database uses graph structures for semantic queries. Graph databases are used in various industrial sectors, such as BFSI, manufacturing, retail, e-commerce, ICT, and logistics. Risk management, fraud detection, customer analytics, recommendation engines, supply chain management, operations management, asset management, knowledge management, and scientific data management are some of the applications of graph databases.

Many companies have problems putting a large amount of connected data into a database that is not optimized for any desired use. The graph database performs much better than traditional relational databases when matching historical and session data by uniquely querying customers’ past purchases during an online visit. Database graphs provide lower latency. Millions of related records can be traversed during a constant response time regardless of database size due to nodes and links “point” to each other. To achieve low latency and high throughput, queries are divided into subqueries that run concurrently.

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The global graphing database market is segmented on the basis of component, deployment type, application, type, and industry segment. Based on the component, the graph database market is segmented into software and services. By type of deployment, the graph database market is segmented into cloud and on-premises. Based on the application, the global graph database market is segmented into risk management, fraud detection, customer analytics, recommendation drivers, supply chain and operations management, asset management, knowledge management, scientific data management, and others. Based on type, the graph database market is segmented into property graph framework and resource description. Based on industry segment, the graph database market is segmented into BFSI, healthcare, telecom, IT, retail, e-commerce, transportation and logistics, government sector, public sector, media, entertainment, travel and hospitality, manufacturing, and others.

In healthcare and life sciences, graph database software is essential to record patient information and disseminate it to multiple patients or healthcare providers. Healthcare startups are using graph database technology to meet unmet customer needs. For example, Zephyr Health, a health-focused startup, is leveraging graph database technology as an essential part of its service offering. Zephyr Health uses Neo4j to enable Zephyr’s cloud-based analytics platform, providing graph analytics across a variety of healthcare data. In addition, healthcare organizations and institutions are using graph database tools to enhance operational efficiency and safety, reduce costs, and improve the quality of patient care, fueling the demand for graphing database solutions in the healthcare industry. Moreover, healthcare organizations use the connections in their existing data, such as information about patient treatments or connected genomes, using graph database technology, which is beneficial for the global graph database market.

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