A comprehensive industry overview and market perspective are included in the latest study from MarkNtel Advisors titled Global Graph Database Market. The research provides a detailed overview of the current market state, including market trends and the most recent advancements made globally. In-depth analysis of market size, share, industry trends, forecast, and competitive environment is covered in the report that presents clear picture of the market with relevant statistical data.

The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.

Global Graph Database Market Definition:

A graph database also called graph analytics is a type of database management system (DBMS) that stores manages data as a graph. It is a collection of nodes that represent entities such as people, places, or items edges that reflect the relationships between nodes. In this module, each node is associated with features or attributes that provide more information about the entity it represents. Edges, on the other hand, define the connections or interactions between nodes can have characteristics that illustrate the nature of the link. The graph database format is especially suitable for data with complex linkages or interconnectedness between different entities.

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Global Graph Database Market Insights:

The Global Graph Database Market size is valued at around USD 2.22 billion in 2022 is estimated to grow at a CAGR of about 19.78% during the forecast period, i.e., 2023-28.

Global Graph Database Market Driver:

Booming Demand for Solutions Processing Low-latency Queries to Augment the Market Growth – Businesses face issues when storing massive amounts of linked data in a database that has not been designed for a particular purpose. Companies are increasingly employing real-time recommendation systems built on top of a graph database that can perform low-latency queries rather than a time-consuming batch procedure built on top of a traditional relational database. It beats traditional relational databases greatly by allowing users to explicitly access earlier purchases made by clients during an online visit to match past session data. Hence, using a graph database could reduce latency thus become a driving factor for the market. To achieve low latency high throughput queries are divided into sub-queries that run continuously.

Furthermore, various organizations are utilizing graph databases to create cross-application usability, support knowledge-intensive applications, and connect several disciplines to establish a cross-domain knowledge network that must include datasets, schemes, and documentation, thereby propelling the Global Graph Database Market growth.

Global Graph Database Market Leading Key Players:

IBM, Oracle, Microsoft, Amazon Web Services, SAP, NEO4J , MarkLogic, TigerGraph, Stardog, DataStax, HPE, Franz Inc., Ontotext, Openlink Software, Dgraph Labs, Others

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Global Graph Database Market Segmentation:

Based on Component

- Managed Services- Market Size Forecast 2018-2028, USD Million

- Professional Services- Market Size Forecast 2018-2028, USD Million

-- Consulting Services- Market Size Forecast 2018-2028, USD Million

-- Deployment Integration Services- Market Size Forecast 2018-2028, USD Million

-- Support Maintenance Services- Market Size Forecast 2018-2028, USD Million

Based on Type

- Resource Description Framework- Market Size Forecast 2018-2028, USD Million

- Labeled Property Graph- Market Size Forecast 2018-2028, USD Million

Based on Deployment

- Cloud- Market Size Forecast 2018-2028, USD Million

- On-Premises- Market Size Forecast 2018-2028, USD Million

Based on Organization Size

- Large Enterprises- Market Size Forecast 2018-2028, USD Million

- Small Medium-Sized Enterprises- Market Size Forecast 2018-2028, USD Million

Based on Application

- Customer Analytics- Market Size Forecast 2018-2028, USD Million

- Identity Access Management- Market Size Forecast 2018-2028, USD Million

- Recommendation Engine- Market Size Forecast 2018-2028, USD Million

- Master Data Management- Market Size Forecast 2018-2028, USD Million

- Privacy Risk Compliance- Market Size Forecast 2018-2028, USD Million

- Fraud Detection risk Management- Market Size Forecast 2018-2028, USD Million

- Others- Market Size Forecast 2018-2028, USD Million

Based on End Users

- BFSI- Market Size Forecast 2018-2028, USD Million

- IT Telecommunication- Market Size Forecast 2018-2028, USD Million

- Retail Ecommerce- Market Size Forecast 2018-2028, USD Million

- Healthcare- Market Size Forecast 2018-2028, USD Million

- Government Public Infrastructure- Market Size Forecast 2018-2028, USD Million

- Media Entertainment- Market Size Forecast 2018-2028, USD Million

- Others- Market Size Forecast 2018-2028, USD Million

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Global Graph Database Market Geographical Analysis

By Region

- North America

- South America

- Europe

- The Middle East Africa

- Asia-Pacific

Recent Development of Global Graph Database Market:

July 2023: HPE stated that Fastweb S.p.A, one of the leading telecom operators in Italy has selected its HPE GreenLake edge-to-cloud platform to accelerate service deployments, gains flexibility on cost by reducing its energy consumption.

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