Graph Database Market Worth 2,409.1 Million USD by 2023

USA - English

• India - English

PUNE, India, June 4, 2018 /PRNewswire/ --

According to a new market research report "Graph Database Market by Type (RDF and Property Graph), Application (Risk Management & Fraud Detection, Customer Analytics, Recommendation Engines), Component (Tools and Services), Deployment Type, Industry Vertical, and Region - Global Forecast to 2023", published by MarketsandMarkets™, the market size is expected to grow from USD 821.8 Million in 2018 to USD 2,409.1 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 24.0% during the forecast period. The key growth factors for the global Graph Database Market are the increasing need for better response time and accuracy to discover new data correlations, and multi-dimensional data management with real-time query support.

     (Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg )

Browse 79 market data Tables and 39 Figures spread through 165 Pages and in-depth TOC on "Graph Database Market"

https://www.marketsandmarkets.com/Market-Reports/graph-database-market-126230231.html

Early buyers will receive 10% customization on this report 

Healthcare and life sciences vertical is expected to grow at the highest CAGR during the forecast period 

Graph database tools play an important role in the healthcare and life sciences industry vertical, starting from recording patients' information from different sources to discharging patients. Healthcare-focused start-ups, such as Zephyr Health, leverage the graph database technology for fulfilling the unmet needs of their customers. Healthcare organizations and institutions use graph database tools and services to improve their operational efficiency, enhance the safety, improvise the quality of patient care, and reduce costs. Industry regulations, such as HIPAA and HITECH, provide guidelines for healthcare data privacy and the safe transmission of electronic health data.

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=126230231

Small and Medium-sized enterprises segment is expected to grow at the highest CAGR during the forecast period 

IT facilitates the expansion of new markets, where companies can compete in the market that is already being designed by global players. Global companies have designed requirements to document processes for risk management and have had them confirmed by external auditors. This, in turn, has forced SMEs to follow the same practices. Therefore, SMEs are focusing on deploying advanced graph database solutions that supplement the deployment of Master Data Management (MDM) solutions to secure and govern their data as per the regulatory aspects.

North America is expected to hold the largest market size; and APAC to grow at the highest CAGR during the forecast period 

North America being the major and the fastest adopter of technologies, generates large volumes of data. Organizations operating in this region are highly dependent on data, and hence adopt innovative technologies and practices, including graph database tools and supporting technologies. Graph database has become a profitable alternative solution for both the data stored over cloud as well as in the data center, as it is faster and efficient in understanding the relationship between various data sets.

According to the federal data release in 2016, the US enterprises still dominate the North American region, as it invests heavily in R&D activities. The investments have resulted in the higher adoption of graph database tools and services in the US. Moreover, the dominance of technology-based industries and enterprises has created significant growth opportunities for the graph database vendors.

The major vendors in Graph Database Market, offering graph database tools and services include IBM (US), Microsoft (US), Oracle (US), AWS (US), Neo4j (US), OrientDB (UK), TIBCO Software (US), Franz (US), Teradata Corporation (US), OpenLink Software (US), MarkLogic (US), TigerGraph (US), DataStax (US), Ontotext (Bulgaria), Stardog (US), Cray (US), ArangoDB (Germany), Sparcity Technologies (Spain), Memgraph (UK), Bitnine (Korea), Objectivity (US), MongoDB (US), Cambridge Semantics (US), Fluree (US), and Blazegraph (US).

These players have incorporated various strategies to expand their global presence to increase their market shares. The strategic partnerships, mergers and acquisitions, product upgrades, and expansions are some of the major strategies embraced by these players.

Know more about the Graph Database Market: 
https://www.marketsandmarkets.com/Market-Reports/graph-database-market-126230231.html

About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]

Visit Our Blog: http://www.marketsandmarketsblog.com/market-reports/telecom-it
Connect with us on LinkedIn: http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets