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Graph Database Market Trends

Report ID: GMI6731
Published Date: Sep 2023
Report Format: PDF

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Graph Database Market Trends

The integration of graph databases with graph analytics and Machine Learning (ML) is an ongoing trend in the graph database market. By leveraging graph analytics, organizations can uncover intricate patterns, identify anomalies, and extract valuable insights from complex relationships within their data. The integration of ML further enhances these capabilities, enabling predictive modeling and automated decision-making based on graph-based patterns. This trend empowers businesses to make data-driven decisions, enhance customer experiences, detect fraud, and optimize operations, making graph databases a crucial component for advanced analytics & AI-driven applications.

Leading providers offer DBaaS options, making it increasingly accessible to a wide range of businesses seeking the benefits of graph databases without the management overhead. Database-as-a-service startups, such as EdgeDB, Aiven, Compose, and Tesora Corp., are fostering the market growth.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of graph database was worth USD 2.6 billion in 2022 and will register over 18% CAGR from 2023 to 2032, due to the increasing demand for real-time big data mining and visualization worldwide.

The IT & telecom industry vertical segment held 25% share of the graph database market in 022 and is expected to witness commendable growth from 2023 to 2032, due to the rising need for better network management, optimized infrastructure, and improved customer experiences.

North America held over 33% share of the graph database market in 2022 and will incur a significant CAGR from 2023-2032 owing to the presence of thriving technology ecosystem and the strong emphasis on data-driven decision-making in the region.

Microsoft Corporation, Amazon Web Services, TIBCO Software, HPE, IBM Corporation, and Oracle Corporation are some of the major graph database companies worldwide.