Growth Of The Graph Technology Market Driven By The Expansion Of Internet of Things (IoT): Strategic Insights Driving Graph Technology Market Momentum in 2025

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What Is the Expected CAGR for the Graph Technology Market Through 2025?
The market size for graph technology has experienced substantial growth in the recent past. Its expansion is anticipated to rise from $5.26 billion in 2024 to $6.4 billion in 2025, with a compound annual growth rate (CAGR) of 21.6%. The impressive growth realized in the historic period is credited to the increase in areas such as social network analysis, semantic web and linked data, search engines and recommendation systems, fraud detection and security, along with biological and chemical research.

What's the Projected Size of the Global Graph Technology Market by 2029?
Expectations are high for the graph technology market size in the next few years as it's projected to undergo an impressive increase. The market is set to expand to a significant $14.18 billion in 2029, reflecting a compound annual growth rate (CAGR) of 22.0%. This anticipated rise over the forecast period is largely due to the incorporation of AI and machine learning, analyzing IoT and sensor data, utilizing knowledge graphs for corporate applications, optimizing graph-based supply chains, and employing graphs in healthcare and life sciences. Key trends to watch during this period include the merging of AI and graph technology, the advancement of knowledge graphs, broadening use of graphs in IoT and supply chain management, increased usage of graphs in the health and life sciences sector, and a concentrated effort on graph-based cybersecurity solutions.

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Top Growth Drivers in the Graph Technology Industry: What's Accelerating the Market?
The rising prevalence of the Internet of Things (IoT) is poised to accelerate the expansion of the graph technology market. IoT is the term given to a system of interconnected devices equipped with sensors, software, and other technologies, allowing them to amass and share data with other devices and systems over the internet. The surge in development and utilization of IoT is due to technological advancements, budding business opportunities and a consumer preference for smarter devices. Graph technology has found a significant use in IoT as it offers efficient modelling and analysis of intricate correlations between different data points. This enables enhanced decision making, boosts data visibility and augments the functionality and efficacy of IoT applications. For example, ITSG Global, an innovative software development company from Poland, reported in July 2023 that global expenditure on IoT exceeded $1 trillion in 2022. It is projected that the number of IoT devices will exceed 15 billion in 2023, an increase of 55% from 2020. Thus, the blooming of the Internet of Things (IoT) is fueling the growth of the graph technology market.

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What Trends Will Shape the Graph Technology Market Through 2029 and Beyond?
Leading corporations featured in the graph technology market are prioritizing the creation of new-edge, integrated technologies such as space object tracking visualization tools to gain a market advantage. This refers to specialized software developed to detect, track, and illustrate the position and actions of space objects, like satellites and space debris in the Earth's orbit. For example, in March 2022, Privateer, an American company centered on space sustainability and exploration, introduced Wayfinder. This proprietary knowledge graph technology is designed to map and monitor space debris and satellites in Earth's orbit. It offers an open-access, near-instant digital record of the world's satellites and orbiting space debris, which is critical for services like refueling, deorbiting, tugging, and other on-orbit operations. Furthermore, it offers a real-time digital catalog, data mapping systems, essential data infrastructure, and on-orbit services, contributing to safer and more effective space operations.

What Are the Main Segments in the Graph Technology Market?
The graph technologymarket 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 Top Companies are Driving Growth 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 Regions Will Dominate the Graph Technology Market Through 2029?
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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