Top Factor Driving Graph Technology Market Growth in 2025: Growth Of The Graph Technology Market Driven By The Expansion Of Internet of Things (IoT)

How Big Is the Graph Technology Market Expected to Be, and What Will Its Growth Rate Be?
The graph technology market will grow from $5.26 billion in 2024 to $6.42 billion in 2025, reflecting a CAGR of 21.9%. The expansion is attributed to applications in social network analysis, semantic web, linked data, fraud detection, security, and biological research.

The graph technology market is forecasted to grow exponentially, reaching $14.21 billion in 2029 with a CAGR of 22.0%. Growth will be fueled by the integration of AI and machine learning, IoT and sensor data analysis, the adoption of knowledge graphs for enterprise applications, supply chain optimization using graph-based models, and the application of graphs in healthcare and life sciences. Notable trends include the merging of AI with graph technology, the rise of knowledge graphs, increased use of graphs in IoT and supply chain management, the expansion of graphs in healthcare, and a stronger focus on graph-based cybersecurity solutions.

What Are the Primary Growth Drivers for the Graph Technology Market?
The growth of the graph technology market is expected to be driven by the expansion of the Internet of Things (IoT). IoT refers to a network of interconnected devices equipped with sensors, software, and other technologies that allow them to collect and exchange data with other systems over the Internet. This growth is propelled by advancements in technology, business opportunities, and increasing consumer demand for smart devices. Graph technology is gaining traction in IoT because it effectively models and analyzes complex relationships between data points, leading to improved decision-making, enhanced data visibility, and more efficient IoT applications. For example, in July 2023, ITSG Global, a Poland-based software development company, reported that global IoT spending exceeded $1 trillion in 2022, and the number of IoT devices is projected to surpass 15 billion in 2023, marking a 55% increase from 2020. This expanding IoT landscape is a key factor driving the graph technology market's growth.

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Who Are the Dominant Companies Influencing Graph Technology Market Trends?
Major companies operating in the graph technology market are Microsoft Corporation, Amazon Web Services Inc., International Business Machines Corporation, Oracle Corporation, Teradata Corporation, Progress Software Corporation, DataStax Inc., Neo4j Inc., TigerGraph Inc., Bitnine Global Inc., Tom Sawyer Software, Cambridge Semantics Inc., Sparsity Technologies, Stardog Union, ArangoDB Inc., OrientDB Ltd., Franz Inc., Ontotext Corp., Cray Inc., Grakn Labs Ltd., GraphAware Ltd., Blazegraph Inc., Dataiku, Linkurious SAS, GraphGrid Inc.

How Is the Graph Technology Market Evolving?
Leading companies in the graph technology market are focused on developing innovative and integrated advanced technologies, such as visualization tools for tracking space objects, to strengthen their market position. This technology includes specialized software applications designed to identify, monitor, and visualize the location and behavior of space objects like satellites and space debris in Earth's orbit. For example, in March 2022, Privateer, a US-based company focused on space sustainability and exploration, launched Wayfinder, a proprietary knowledge graph technology to map and track space debris and satellites in orbit. Wayfinder offers an open-access, near-real-time digital catalog of satellites and space debris orbiting Earth, which is crucial for activities like deorbiting, refueling, tugging, and other on-orbit services. It also features a real-time digital catalog, data mapping systems, on-orbit services, and critical data infrastructure, all contributing to safer and more efficient space operations.

What Are the Different Segmentations in the Graph Technology Market?
The graph technology market covered in this report is segmented -

1) By Component: Software, Services
2) By Graph Type: Property Graph, Resource Description Framework (RDF), Hypergraph
3) By Database Type: Relational (SQL), Non-Relational (No SQL)
4) By Application: Fraud Detection, Data Management And Analysis, Customer Analysis, Identity And Access Management, Compliance And Risk, Other Applications
4) By Industry: Banking Financial Services And Insurance (BFSI), Retail And E-Commerce, Information Technology (IT) And Telecommunications, Healthcare And Life Science, Government And Public Sector, Media And Entertainment, Supply Chain And Logistics, Other Industries

Subsegments:
1) By Software: Graph Database Software, Graph Analytics Software, Graph Visualization Software, Graph Query Language Software, Other Graph-Related Software
2) By Services: Professional Services, Managed Services

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Which Region Is at the Forefront of the Graph Technology Market?
North America was the largest region in the graph technology market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the graph technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Graph Technology Global Market Report?

- Market Size Analysis: Analyze the Graph Technology Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Graph Technology Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Graph Technology Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Graph Technology Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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