Global Graph Analytics Market Value to Grow to US$6.90 billion by 2028

The global graph analytics market is a rapidly growing industry that involves the use of graph analysis techniques to analyze complex and interconnected data sets. Graph analytics is a type of data analysis that focuses on the relationships between entities in a data set, rather than just the individual data points.

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The global graph analytics market in 2022 was valued at US$1.14 billion. The market value is anticipated to grow to US$6.90 billion by 2028. Graph analytics is a tool that analyses the direction and strength of relationships between objects in a graph. Graph analytics is the process of analyzing data represented in the form of a graph, which consists of nodes and edges that connect them. This type of analysis allows you to explore and uncover patterns and relationships within the data that may not be immediately apparent through other means. One of the key advantages of graph analytics is its ability to model complex systems and relationships. Traditional data analysis methods often rely on simple statistical techniques that assume linear relationships between variables. Graph analytics, on the other hand, can represent complex relationships between entities, such as social networks, supply chains, and biological systems, in a more natural and intuitive way.

The BFSI industry is expected to hold the largest share of the global graph analytics market due to the increasing adoption of graph analytics solutions for fraud detection and risk management. Furthermore, the retail industry is expected to witness significant growth due to the increasing demand for personalized marketing and customer segmentation.

North America is expected to hold the largest share of the global graph analytics market due to the presence of major players in the region, as well as the high adoption rate of graph analytics solutions in various industries. However, Asia-Pacific is expected to witness the highest growth rate during the forecast period, owing to the increasing adoption of graph analytics solutions in emerging economies such as China and India.

The key players in the global graph analytics market are:

Oracle Corporation
Microsoft Corporation
IBM Corporation
Neo4j, Inc.
TigerGraph, Inc
TIBCO Software, Inc.
Lynx Analytics
Tom Sawyer Software
Datastax, Inc
Kineviz, Inc.
Expero, Inc
Linkurious SAS
Graphistry

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This release was published on openPR.