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, and 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
The global graph database market size is expected t-reach USD 11.60 billion by 2030 according t-a new study by Polaris Market Research. The report “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, and 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” gives a detailed insight int-current market dynamics and provides analysis on future market growth.
The emergence of the open knowledge networks assists in incorporating knowledge from diverse segments and presents schemes, datasets, and documentation t-set up support knowledge-intensive applications t-form a cross-domain knowledge network. Additionally, some knowledge graphs in this knowledge network remain proprietary and are generally expensive t-utilize by researchers or academia.
Accordingly, some federal, academic, and industry proficient have invented the open knowledge network t-set up an open-source infrastructure that associates with the cross-domain data from related entities. Thereby, this initiative generates an available knowledge chart of whole globe knowledge, symbolized as relationships and entities. Hence, the arrival of open knowledge networks is considerably propelling the industry demand globally.
Based on the vertical, the BFSI segment dominates the global industry and is anticipated t-fuel the industry over the forecasting period. Factors such as rising regulatory inspection, enhanced customer satisfaction standards, and benefits like tailored solutions and risk management are leading the industry demand across the BFSI segment.
The healthcare, pharmaceuticals, and life sciences vertical segment in the global industry is expected t-show the fastest CAGR over the forecast period because of increasing penetration of the AI-based chart file tools & services across the segment.
Market participants such as ArangoDB, Bitnine Co, Ltd., Hewlett Packard Enterprise, Amazon Web Services, Inc., Blazegraph, DataStax, Cambridge Semantics, Dgraph Labs, TIBCO Software, Inc., MarkLogic Corporation, Fluree, Eccenca, Franz Inc., IBM Corporation, Microsoft, Neo4j, Inc., MongoDB, Objectivity Inc., Oracle Corporation, OrientDB, Openlink Software, Redis Labs, Stardog Union Inc., SAP SE, Teradata Corporation, and TigerGraph, Inc. are some of the key players operating in the global market.
Polaris Market Research has segmented the graph database market report on the basis of component, type, application, deployment mode, vertical, and region:
Graph Database, Component Outlook (Revenue – USD Billion, 2018 – 2030)
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