Graph Database Global Market Report 2024

Description

Graph Database Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on graph database market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Outperform competitors using forecast data and the drivers and trends shaping the market.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for graph database? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The graph database market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: RDF; Labeled Property Graph
2) By Component: Software; Services
3) By Deployment Mode: Cloud; On-Premises
4) By Application Type: Consumer Analytics; Deep Learning; Regulatory Compliance; Recommendation Engines; Identity and Access Management; Fraud Detection; Supply Chain Management; Other Applications
5) By End-Use: BFSI; Retail and E-Commerce; IT and Telecommunication; Transportation and Logistics; Other End-Users
Companies Mentioned: Oracle Corporation; International Business Machines Corporation (IBM); Amazon Web Services Inc.; DataStax Inc.; Stardog Union Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Graph databases represent tailored platforms designed for constructing and managing graphs. These systems interconnect specific data nodes and establish relationships in the form of graphs, facilitating user queries and enabling a more realistic comprehension of factual information.

Graph databases primarily manifest in two forms such as RDF and labelled property graphs. Labelled property graphs are a specific type of graph database that consists of nodes and relationships, commonly referred to as LPG-style databases. The key components encompass software and services, deployable in both cloud-based and on-premises environments. These databases find diverse applications spanning consumer analytics, deep learning, regulatory compliance, recommendation engines, identity and access management, fraud detection, supply chain management, and various other domains. They are utilized across sectors like banking, financial services, insurance (BFSI), retail, e-commerce, IT, telecommunications, transportation, logistics, and more.

The graph database market research report is one of a series of new reports from The Business Research Company that provides graph database market statistics, including graph database industry global market size, regional shares, competitors with a graph database market share, detailed graph database market segments, market trends and opportunities, and any further data you may need to thrive in the graph database industry. This graph database market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The graph database market size has grown exponentially in recent years. It will grow from $2.62 billion in 2023 to $3.3 billion in 2024 at a compound annual growth rate (CAGR) of 25.7%. Historical growth can be attributed to the increased complexity of data relationships, the impact of social media and network analysis, the necessity for real-time data processing, advancements in data analytics technologies, the adoption of these technologies in government and intelligence sectors, and advancements in healthcare data management systems.

The graph database market size is expected to see exponential growth in the next few years. It will grow to $7.73 billion in 2028 at a compound annual growth rate (CAGR) of 23.7%. The anticipated growth in the forecast period stems from digital transformation initiatives, efforts towards optimizing supply chain and logistics operations, the utilization of graph-based search engines, a focus on data privacy and compliance, and the expanding applications within the automotive industry. Major trends expected during this period encompass advancements in graph query languages, integration with machine learning and AI technologies, the application of graph-based systems in fraud detection and cybersecurity measures, the emergence of cloud-based graph database services, and increased adoption of graph databases within the life sciences sector for data analysis and research purposes.

The surge in demand for graph analytics in machine learning and artificial intelligence (AI) is set to drive the growth of the graph database market. Graph analytics involves analyzing interconnected data within networks or graphs, aiding businesses in understanding complex relationships between linked entities. Graph databases facilitate the representation of these relationships through graph models, empowering users to apply pattern recognition, statistical analysis, classification, and machine learning on large datasets more effectively. TigerGraph Inc. reported in January 2022 that the adoption of graph machine learning in businesses using AI and ML technologies is projected to hit an expenditure of $57.6 billion by 2021, potentially generating a value gain of $2.9 trillion. Hence, the rising demand for graph analytics in machine learning and AI is a key driver propelling the graph database market's growth.

The escalating need for personalized marketing strategies is anticipated to fuel the expansion of the graph database market. Personalized marketing involves tailoring messages and product offers to clients based on data analysis and digital technologies. Graph databases excel in personalized marketing as they can efficiently store and process vast amounts of interconnected data, encompassing social media interactions, purchase histories, and customer profiles. Yieldify's report in November 2021 indicated that over 74% of surveyed organizations had adopted website personalization programs. By the end of 2022, an estimated 93% of these companies are predicted to embrace advanced features like dynamic segmentation. This surge in demand for personalized marketing initiatives is a key factor driving the growth of the graph database market.

Technological advancements stand out as a prominent trend shaping the graph database market. Leading companies within this market are intensively focused on developing innovative technological solutions to reinforce their market positions. Neo4j, in June 2021, introduced Neo4j version 4.3, featuring a single active and multi-passive structure for cloud scalability. This version provides enhanced cloud scalability and security features at the enterprise level, ensuring transactions with zero data loss, thereby offering an alternative to conventional replicated DBMSs.

Major players in the graph database market are innovating by developing high-performance graph databases to cater to larger customer bases, drive sales, and augment revenue. High-performance graph databases are specialized databases tailored to store and manipulate graph structures effectively for semantic queries involving nodes, edges, and properties. Aerospike's introduction of Aerospike Graph in June 2023 addresses the demand for a high-performance, enterprise-scale graph database offering real-time performance at a reasonable cost. By utilizing Aerospike's robust database as the storage layer, Aerospike Graph provides database administrators and developers with simplicity, ease of use, and optimized resource utilization. Its unique architecture enables independent scaling of compute and storage infrastructure, ensuring consistent throughput and low latencies even with extensive data volumes.

In May 2022, Integral Venture Partners, a private equity firm headquartered in the UK, completed the acquisition of a 76% ownership stake in Ontotext. The specific financial details of this transaction remain undisclosed. The funds infused into this acquisition are earmarked for a capital increase and the repurchase of secondary shares within Ontotext. Ontotext is a prominent European company, specializes in delivering graph database solutions tailored for RDF-based semantic technology applications. Integral Venture Partners' majority ownership signifies a strategic investment in Ontotext's innovative offerings within the semantic technology domain.

Major companies operating in the graph database market report are Oracle Corporation, International Business Machines Corporation (IBM), Amazon Web Services Inc., DataStax Inc., Stardog Union Inc., Hewlett Packard Enterprise Company (HPE), Microsoft Corporation, SAP SE, Teradata Corporation, Openlink Software Inc., MarkLogic Corporation, Neo4j Inc., TigerGraph Inc., Objectivity Inc., Franz Inc., ArangoDB GmbH, Blazegraph Corporation, Cambridge Semantics Inc., OrientDB Ltd., MongoDB Inc., Bitnine Co. Ltd., Ontotext AD, Grakn Labs Pte Ltd., Dgraph Labs Inc., JanusGraph, Expero Inc., Terark Inc., Redis Labs Ltd.

North America was the largest region in the graph database market in 2023. The regions covered in the graph database market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the graph database market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The graph database includes revenues earned by entities by providing services such as storage of data, query and modify network graphs. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r12742

1. Executive Summary

2. Graph Database Market Characteristics

3. Graph Database Market Trends And Strategies

4. Graph Database Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Graph Database Market Size and Growth

5.1. Global Graph Database Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Graph Database Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Graph Database Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Graph Database Market Segmentation

6.1. Global Graph Database Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
RDF
Labeled Propert Graph
6.2. Global Graph Database Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Software
Services
6.3. Global Graph Database Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Consumer Analytics
Deep Learning
Regulatory Compliance
Recommendation Engines
Identity and Access Management
Fraud Detection
Supply Chain Management
Other Applications
6.4. Global Graph Database Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
BFSI
Retail and E-Commerce
IT and Telecommunication
Transportation and Logistics
Other End-Users

7. Graph Database Market Regional And Country Analysis

7.1. Global Graph Database Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Graph Database Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Graph Database Market

8.1. Asia-Pacific Graph Database Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Graph Database Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Graph Database Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Graph Database Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Graph Database Market

9.1. China Graph Database Market Overview
9.2. China Graph Database Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Graph Database Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Graph Database Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Graph Database Market

10.1. India Graph Database Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Graph Database Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Graph Database Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Graph Database Market

11.1. Japan Graph Database Market Overview
11.2. Japan Graph Database Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Graph Database Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Graph Database Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Graph Database Market

12.1. Australia Graph Database Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Graph Database Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Graph Database Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Graph Database Market

13.1. Indonesia Graph Database Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Graph Database Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Graph Database Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Graph Database Market

14.1. South Korea Graph Database Market Overview
14.2. South Korea Graph Database Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Graph Database Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Graph Database Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Graph Database Market

15.1. Western Europe Graph Database Market Overview
15.2. Western Europe Graph Database Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Graph Database Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Graph Database Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Graph Database Market

16.1. UK Graph Database Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Graph Database Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Graph Database Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Graph Database Market

17.1. Germany Graph Database Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Graph Database Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Graph Database Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Graph Database Market

18.1. France Graph Database Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Graph Database Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Graph Database Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Graph Database Market

19.1. Italy Graph Database Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Graph Database Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Graph Database Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Graph Database Market

20.1. Spain Graph Database Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Graph Database Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Graph Database Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Graph Database Market

21.1. Eastern Europe Graph Database Market Overview
21.2. Eastern Europe Graph Database Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Graph Database Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Graph Database Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Graph Database Market

22.1. Russia Graph Database Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Graph Database Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Graph Database Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Graph Database Market

23.1. North America Graph Database Market Overview
23.2. North America Graph Database Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Graph Database Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Graph Database Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Graph Database Market

24.1. USA Graph Database Market Overview
24.2. USA Graph Database Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Graph Database Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Graph Database Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Graph Database Market

25.1. Canada Graph Database Market Overview
25.2. Canada Graph Database Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Graph Database Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Graph Database Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Graph Database Market

26.1. South America Graph Database Market Overview
26.2. South America Graph Database Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Graph Database Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Graph Database Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Graph Database Market

27.1. Brazil Graph Database Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Graph Database Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Graph Database Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Graph Database Market

28.1. Middle East Graph Database Market Overview
28.2. Middle East Graph Database Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Graph Database Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Graph Database Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Graph Database Market

29.1. Africa Graph Database Market Overview
29.2. Africa Graph Database Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Graph Database Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Graph Database Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Graph Database Market Competitive Landscape And Company Profiles

30.1. Graph Database Market Competitive Landscape
30.2. Graph Database Market Company Profiles
- 30.2.1. Oracle Corporation
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. International Business Machines Corporation (IBM)
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Amazon Web Services Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. DataStax Inc.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Stardog Union Inc.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Graph Database Market Competitive Benchmarking

32. Global Graph Database Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Graph Database Market

34. Graph Database Market Future Outlook and Potential Analysis

34.1 Graph Database Market In 2028 - Countries Offering Most New Opportunities
34.2 Graph Database Market In 2028 - Segments Offering Most New Opportunities
34.3 Graph Database Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer