Graph Database Market to Reflect Impressive Expansion During 2017-2027
Graph Database Market: Market Dynamics
Expanding business applications with connected data coupled with rising technological challenges of connected data is the prominent factor drives the growth of global graph database market. Additionally, expanding enterprise data volumes coupled with growing importance to generate insight from existing data, rising focus on data monetization solutions and increasing demand for master data management solutions, are the factors further accelerates the growth of global graph database market. Also, growing dependency on connected data for fraud detection across various industries including e-commerce, banking, financial services and insurance, contributes the growth of growth of global graph database market. Furthermore, rising demand for connected data to optimize marketing performance, continuous adoption to cloud computing environment across various industries and expanding (IoT) applications, expected to fuel the growth of global graph database market. However, implementation challenges and lack of understanding regarding the potential benefits of graph databases are the key factors identified as restraints likely to deter the progression of global graph database market.
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Graph Database Market: Market Segmentation
The globalgraph database market is segmented on the basis of component, vertical, end-user type, and by region
Graph Database Market: Segmentation on the basis of Component
Consulting & Training
Graph Database Market: Segmentation on the basis of Vertical
Travel & Logistics
Healthcare & Pharmaceutical
E-commerce & Retail
Graph Database Market: Segmentation on the basis of End-user Type
Small & Medium Enterprises
Graph Database Market: Segmentation on the basis of Region
Asia-Pacific excluding Japan
The Middle East and Africa
Graph Database Market: Regional Outlook
Among all regions, graph database market in North America is expected to dominate the market, due to increasing demand for data analytics solutions and continuous focus to deliver personalized customer experience by organizations across various industries. Asia-Pacific is identified as the fastest growing graph database market due to expanding cloud computing solutions and growing preference to generate competitive insights from connected data from banking, financial, and e-commerce sector.
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Graph Database Market: Competition Landscape
Some of the prominent players in the global graph database market include Oracle, International Business Machines Corporation, Neo Technology, Inc., OrientDB, Franz Inc.(AllegroGraph), DataStax, Ontotext AD, ArangoDB GmbH, Sparsity Technologies, and Objectivity Inc.( InfiniteGraph).
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