Graph Database Market Share To Rise At 23.1% CAGR, To Reach USD 11.60 Billion by 2030

The graph database market size is projected to be valued at USD 1.93 billion in 2021 and is expected to rise to USD 11.60 billion by 2030. The market is expected to register a CAGR of 23.1% during the forecast period from 2022 to 2032. Various factors propelling the demand for graph databases include:

● The growing demand for relevant data to optimize industry performance drives market expansion.
● The increased demand for chart database software in the healthcare business fuels industry demand.
● The increasing proliferation of artificial intelligence (AI)--based database products and services, together with the growing requirement for enhanced response time and precision to identify new data correlations, is driving graph database market demand.

𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞: https://www.polarismarketresearch.com/industry-analysis/graph-database-market/request-for-sample

𝐖𝐡𝐚𝐭 𝐢𝐬 𝐚 𝐆𝐫𝐚𝐩𝐡 𝐃𝐚𝐭𝐚𝐛𝐚𝐬𝐞?

A systematic data collection that highlights the connections between the various data elements is called a graph database. The NoSQL database illustrates data relationships using mathematical graph theory. Data is stored in graph databases as a network of entities and relationships, as opposed to relational databases, which store data in strict table structures. Because of this, the databases frequently offer greater flexibility and performance, making them more appropriate for simulating real-world situations.

𝐓𝐨𝐩 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬:

Because there are so many companies in the industry, it is expected to be both competitive and fragmented. Some of the leading companies are:

• Amazon Web Services Inc.
• ArangoDB
• Bitnine Co Ltd.
• Blazegraph
• Cambridge Semantics
• DataStax
• Eccenca
• Fluree
• Franz Inc.
• Hewlett Packard Enterprise
• IBM Corporation
• MarkLogic Corporation
• Microsoft
• MongoDB
• Neo4j Inc.
• Objectivity Inc.
• Openlink Software
• Oracle Corporation
• OrientDB
• Redis Labs
• SAP SE
• Stardog Union Inc.
• Teradata Corporation
• TIBCO Software Inc.
• TigerGraph Inc.

𝐁𝐮𝐲 𝐍𝐨𝐰 𝐓𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭𝐬: https://www.polarismarketresearch.com/buy/1014/2

𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬

• Increasing Data Complexity and Volume: Traditional relational databases struggle with complex, interconnected data and massive volumes. Graph databases handle these challenges effectively, driving their adoption.

• Demand for Advanced Analytics: Businesses require sophisticated analytics for real-time decision-making, which graph databases facilitate by enabling efficient pattern recognition and relationship analysis.

• Rise of AI and Machine Learning: Graph databases support AI and machine learning by providing a robust structure for managing and querying intricate data relationships.

• Adoption of IoT: Internet of Things (IoT) devices generate vast amounts of interconnected data, which graph databases can efficiently manage and analyze.

𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬

• Industry-Specific Solutions: Developing tailored graph database solutions for specific industries such as healthcare, finance, retail, and telecommunications.

• Cloud-Based Graph Databases: Offering graph database-as-a-service (DBaaS) solutions, which provide scalability and ease of deployment.

• Integration with Big Data Platforms: Combining graph databases with big data technologies like Hadoop and Spark to leverage their strengths in handling large-scale, complex data

𝐁𝐫𝐨𝐰𝐬𝐞 𝐀𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.polarismarketresearch.com/industry-analysis/graph-database-market

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐁𝐫𝐞𝐚𝐤𝐝𝐨𝐰𝐧:

The graph database market is primarily segmented on the basis of component, deployment mode, type, application, vertical, and region. Based on the software category has the highest revenue share in the global industry, according to the component analysis. The software helps assess data from sensors, clickstreams, IoT devices, and social media sites. Through interactive dashboards, they provide information outcomes. It is projected that these characteristics will quicken the segment's expansion throughout the world market.

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

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Email: sales@polarismarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

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This release was published on openPR.