Growth Of The Graph Technology Market Driven By The Expansion Of Internet of Things (IoT) Driving Market Acceleration in the Graph Technology Industry, 2025

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How Large Will the Graph Technology Market Size By 2025?
In recent years, the market size of graph technology has seen rapid expansion. It is anticipated to increase from $5.26 billion in 2024 to $6.42 billion in 2025, representing a compound annual growth rate (CAGR) of 21.9%. The historical growth has been driven by factors such as the advance of social network analytics, the utilisation of semantic web and linked data, advancements in search engines and suggestion systems, enhanced fraud detection and security measures, as well as progress in biological and chemical studies.

How Big Is the Graph Technology Market Size Expected to Grow by 2029?
In the coming years, the market size for graph technology is set to witness tremendous growth, reaching $14.21 billion in 2029, exhibiting a compound annual growth rate (CAGR) of 22.0%. The projected growth during this period can be associated with the incorporation of AI and machine learning, the analysis of IoT and sensor data, the implementation of knowledge graphs in enterprise applications, the optimization of supply chain through graphs, and the application of graphs in healthcare and life sciences. The trend forecast for this period sees a merging of AI and graph technology, the proliferation of knowledge graphs, the broadening use of graphs in IoT and supply chain management, the proliferation of graphs in healthcare and life sciences, along with an emphasis on graph-based cybersecurity solutions.

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Which Key Market Drivers Powering Graph Technology Market Expansion and Growth?
The graph technology market's growth is predicted to be driven by the broadening scope of the Internet of Things (IoT). IoT encompasses a network of interconnected devices equipped with sensors, software, and other technologies, making data exchange and collection possible with other devices and systems via the internet. This concept has emerged due to technological advancements, business opportunities, and the consumer desire for smart devices. The application of graph technology is increasingly prevalent in IoT due to its capability to effectively model and analyze intricate relationships between diverse data points. This aids in improved decision making, enhanced data visibility, and optimization of the overall functionality and effectiveness of IoT applications. For instance, in July 2023, ITSG Global, an innovative software development company based in Poland, specified that in 2022, the worldwide spending on IoT exceeded $1 trillion. It is projected that the quantity of IoT devices will surpass 15 billion in 2023, marking a 55% increase from 2020. This prompts the conclusion that the IoT expansion is fostering the growth of the graph technology market.

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Which Fast-Growing Trends Are Poised to Disrupt the Graph Technology Market?
Leading entities in the graph technology market are concentrating on the invention and integration of cutting-edge technologies, such as tracking visualization tools for space objects, to secure a competitive superiority. This technology is associated with specialized software programs developed to detect, track, and illustrate the position and activities of objects in space, including satellites and space debris circling Earth. As an example, Privateer, an American firm centered on space sustainability and exploration, introduced its distinct knowledge graph technology known as Wayfinder in March 2022. This technology is designed to map and monitor satellites and space debris in Earth's orbit. It offers an accessible, close to real-time digital directory of satellites and debris in Earth's orbit, crucial for tasks like deorbiting, refuelling, and tugging amongst other on-orbit services. Furthermore, it includes a real-time digital directory, data mapping system, on-orbit services, and fundamental data infrastructure for facilitating safer and more effective space operations.

What Are the Emerging Segments 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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Who Are the Global Leaders in the Graph Technology Market?
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.

Which are the Top Profitable Regional Markets for the Graph Technology Industry?
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.

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