New York, NY, Oct. 07, 2021 (GLOBE NEWSWIRE) -- Facts and Factors have published a new research report titled “Graph Database Market By Product Type (Resource Description Framework and Property Graph), and By Application (BFSI, IT & Telecom, Healthcare & Life Sciences, Transportation & Logistics, Retail & Ecommerce, Government & Public, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 - 2026” in its research database
“According to the latest research study, the demand of global Graph Database Market size & share expected to reach to USD 4500 Million by 2026 from USD 810 Million in 2019, at a compound annual growth rate (CAGR) of 28.6% during the forecast period 2020 to 2026”
Global Graph Database Market: Overview
In the computing field, a graph database is also called a graph-oriented database, is a database specifically designed to treat the relationships between a set of data as equally important as the data itself. Graph databases are built to store and navigate relationships. In other words, a graph database is a database that uses graph structures for solving queries with edges, nodes, and properties to store and represent the data.
This professional and specialized report study examines the technical and business perspective of the graph database industry. The report provides a historical analysis of the industry as well as the projected trends expected to be witnessed in the graph database market. The report study analyzes the market statistics at the global as well as the regional levels to gain an in-depth perspective of the overall graph database market. The historical insights are provided from 2016 to 2019 and projected trends are provided from 2020 to 2026.
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- Facts and Factors research methodology
(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)
Industry Major Market Players
- Oracle
- International Business Machines Corporation
- Neo Technology Inc.
- OrientDB
- Franz Inc.
- DataStax
- Sirma AI
- ArangoDB GmbH
- Sparsity Technologies
- Objectivity Inc.
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Key questions answered in this report:
- What is the projected market size & growth rate of the Graph Database Market?
- What are the key driving factors for the growth of the Graph Database Market?
- What are the top companies operative in Graph Database Market?
- What segments are covered in Graph Database Market?
- How can I get free sample reports/company profiles of the Graph Database Market?
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In recent years, the popularity of graph databases has witnessed a spike from across verticals. As per a report published in 2017, around 57% of enterprise users across all industry verticals cited speed and enhanced execution as their top technology advantage of utilizing a graph database. The way in which graph databases sort out and store data keeps up the connectedness of various entities enabling the computers to translate things related to them in a context rather than simply coordinate words. Thus machines can manage, store, and recover data based on meaning and logical relations. The global graph database market is projected to witness a notable growth rate, growing with a CAGR of around 28% during the forecast period.
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Global Graph Database Market: Report Scope
| Report Attribute | Details |
| Market Size 2019 Value | USD 810 Million |
| Market Forecast for 2026 | USD 4500 Million |
| Expected CAGR Growth | CAGR 28.6% from 2020-2026 |
| Base Year | 2020 |
| Forecast Year | 2020-2026 |
| Top Market Players | Oracle, International Business Machines Corporation, Neo Technology, Inc., OrientDB, Franz Inc., DataStax, and Others |
| Segments Covered | Types, Applications & Regions |
| Geographies Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
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The global graph database market is segmented on the basis of product type and application. Resource description framework and property graph are the product type segmentation of the graph database market. Among the product segment, the resource description framework is expected to dominate the global graph database market valued at USD 400 Million in 2019 with a CAGR of 28% from 2019 to 2026. Further, on the basis of application, the market is categorized into BFSI, IT &telecom, healthcare & life sciences, transportation & logistics, retail & eCommerce, government & public, and others. In the application segment, the baking and financial services (BFSI) segment are projected to dominate the global graph database market with a revenue share of around 32% by 2026.
The report also offers an in-depth analysis of the market shares of each industry player and gives an outline of the market position of key players in the graph database market. Moreover, the study offers wide coverage of key strategic advances witnessed in the market such as new product launches, acquisitions & mergers, collaborations & joint ventures, funding & VC activities, agreements, partnerships, R&D activities, and regional expansion of key players of the graph database market.
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The research study provides a critical assessment of the graph database industry by logically segmenting the market on the basis of product type, application, and regions. Based on the past, present, and future trends, all the segments were analyzed from the bottom up, and the market sizes have been estimated from 2020 to 2026.
All the organizations or companies need the data in real-time and at the right place in order to meet business requirements and stay on top in this competitive and digital environment. MDM (Master data management) helps to improve performance and reduce cost in business operations through product development optimization, manufacturing, supply chain, and marketing. Thus the increasing demand for master data management solutions is driving the growth of the global graph database market. The rising focus on data monetization solutions is also fueling the market growth. However, maintaining data consistency is anticipated to be the restraining factor for the market. Whereas increasing adoption of cloud-based solutions is expected to offer new opportunities in the market.
The global graph database market is categorized into the Asia Pacific, Latin America, North America, Europe, and the Middle East, and Africa. North America region is dominating the global graph database market and is continuing the trend during the analysis period. It accounted for around 41% revenue share of the total regional pie. The Asia Pacific is prognosticated to register the highest growth rate during the estimated period. The major countries included in this research report are the U.S., Canada, Mexico, UK, Germany, France, China, Japan, India, South Korea, Brazil, GCC Countries, South Africa, and Argentina among others.
Browse the full “Graph Database Market By Product Type (Resource Description Framework and Property Graph), and By Application (BFSI, IT & Telecom, Healthcare & Life Sciences, Transportation & Logistics, Retail & Ecommerce, Government & Public, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 - 2026" report at https://www.fnfresearch.com/graph-database-market-by-product-type-resource-description
This report segments the graph database market as follows:
Global Graph Database Market: By Product Type Segment Analysis
- Resource Description Framework
- Property Graph
Global Graph Database Market: By Application Segment Analysis
- BFSI
- IT & Telecom
- Healthcare & Life Sciences
- Transportation & Logistics
- Retail & Ecommerce
- Government & Public
- Others
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