PUBLISHER: Lucintel | PRODUCT CODE: 1538549
PUBLISHER: Lucintel | PRODUCT CODE: 1538549
Graph Database Trends and Forecast
The future of the global graph database market looks promising with opportunities in the BFSI, retail & ecommerce, telecom & IT, healthcare, pharmaceuticals, & life science, manufacturing & automotive, energy & utility, travel & hospitality, and transportation & logistics markets. The global graph database market is expected to grow with a CAGR of 20.4% from 2024 to 2030. The major drivers for this market are increasing adoption of AI-powered graph database tools and services, rising demand for solutions to process low-latency queries, and growing demand to incorporate real-time big data mining with result visualization.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Graph Database by Segment
The study includes a forecast for the global graph database by offering, analysis type, model type, end use, and region.
List of Graph Database Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies graph database companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the graph database companies profiled in this report include-
Graph Database Market Insights
Lucintel forecasts that hypergraphs is expected to witness the highest growth over the forecast period due to increasing need for more advanced recommendation systems that take into account multi-entity interactions.
Within this market, BFSI will remain the largest segment.
North America will remain the largest region over the forecast period due to increasing technological advances and the presence of major cloud providers and technology firms in the region.
Features of the Global Graph Database Market
Market Size Estimates: Graph database market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Graph database market size by offering, analysis type, model type, end use, and region in terms of value ($B).
Regional Analysis: Graph database market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different offering, analysis type, model type, end use, and regions for the graph database market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the graph database market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the growth forecast for graph database market?
Answer: The global graph database market is expected to grow with a CAGR of 20.4% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the graph database market?
Answer: The major drivers for this market are increasing adoption of AI-powered graph database tools and services, rising demand for solutions to process low-latency queries, and growing demand to incorporate real-time big data mining with result visualization.
Q3. What are the major segments for graph database market?
Answer: The future of the global graph database market looks promising with opportunities in the BFSI, retail & ecommerce, telecom & IT, healthcare, pharmaceuticals, & life science, manufacturing & automotive, energy & utility, travel & hospitality, and transportation & logistics markets.
Q4. Who are the key graph database market companies?
Answer: Some of the key graph database companies are as follows:
Q5. Which graph database market segment will be the largest in future?
Answer: Lucintel forecasts that hypergraphs is expected to witness the highest growth over the forecast period due to increasing need for more advanced recommendation systems that take into account multi-entity interactions.
Q6. In graph database market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to increasing technological advances and the presence of major cloud providers and technology firms in the region.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.