Overview
The Graph Database Market is forecast to reach $ 3.21 billion by 2025 growing at a CAGR of 22.6% during the forecast period 2020-2025. The Growth of Graph Database Market can be attributed to the increase in application areas of graph database, upsurge in penetration of connected data to optimize marketing performance, surge in adoption of graph database software in the healthcare sector, rise in need for better response time & accuracy to discover new data correlations etc. Rising adoption of cloud based solutions to enhance business processes will further fuel the growth of Graph Database Market. Increase in usage of virtualization in big data analytics and technological advancements in graph database are expected to create lucrative opportunities for the market during the forecast period.
Key Takeaways
- Large enterprises to boost the adoption of graph database tools as the implementation of these tools and services in large enterprises simplifies risk and compliance management tasks.
- As most of the organizations has digitalized their businesses, the supply chain management application is expected to grow at the highest CAGR due to rising need for real-time, location-based insights across the entire supply chain.
- Growing dependency on connected data for fraud detection across various industries including e-commerce, banking, financial services and insurance, contributes to the growth of global graph database market.
- The transportation & logistic industry is expected to witness the highest CAGR in the graph database market during the forecast period, due to the rising adoption of graph database technology in this industry to compute fast, to enable localized door-to-door delivery of goods between buyers & sellers, and to scale their business to include the supply chain.
- Implementation challenges and lack of technical expertise to create hurdles for the Graph Database Market.
Component Type - Segment Analysis
The software segment has been
analyzed to attribute to the majority of share in the Graph Database Market during
the forecast period 2020-2025 owing to the rising demand for software, as
massive volume of data is continuously
generated due to which managing data using a traditional relational
database infrastructure is difficult for enterprises. These organizations need
to manage their data efficiently and effectively to enhance their productivity
and maintain business continuity. The proliferation of data amounting to big
data has forced vendors to design graph database software and help Information
Technology (IT) teams simplify and manage their decision-making process. For
Instance, in July 2019 Dgraph raised $11.5 million for scalable graph database
solutions. Thus Graph database tools are becoming prevalent among
data-sensitive organizations to cope with the ever-increasing volumes of data
which is indicating opportunity for the growth of Graph Database Market.
End-user - Segment Analysis
Among the end users, the healthcare
and life sciences sector is expected to dominate the Graph Database Market with
the highest CAGR of 12.48% during the
forecast period 2020-2025. Graph database software plays a key role in the
healthcare and life sciences sectors for recording patient’s information and to
provide this information to numerous patients or healthcare providers.
Healthcare organizations and institutions are using graph database tools to
improve and enhance the operational efficiency, safety, reduce costs, and
improvise the quality of patient care, thus fueling its adoption in the
healthcare sector. Industry regulations, such as HIPPA and HITECH, provide
guidelines for healthcare data privacy and the safe transmission of electronic
health data. Healthcare-focused start-ups are leveraging the graph database
technology to cater to the unmet needs of customers. For instance, Zephyr
Health, a health-focused start-up is leveraging graph database technology as
one important component of its service offerings. Furthermore, by using graph database
technology, healthcare organizations are leveraging the connections within
their existing data such as connected genome or information related to patient
treatments, which is opportunistic for the graph database market.
Geography - Segment Analysis
North America dominated the graph
database market accounting for 42% of shares
in 2019 and this trend is expected to continue over the forecast period
2020-2025. The emergence of technology-based enterprises and industries has
created the significant growth opportunities for the graph database vendors in
this region as the organizations highly rely on data, which is driving the
adoption of graph database tools and related technologies. Increasing number of
manufacturing firms, proliferation of Internet of Things (IoT) devices, and
emergence of AI will further fuel the market growth in this region. The rapid
generation of data across industry verticals and the increasing investments in
new technologies, such as Machine Learning (ML) is expected to propel the
demand for graph database tools during the forecast period. Increasing
investments by various graph database vendors in these regions will further
fuel the growth of the market. For instance, in September 2019, TigerGraph a California-based
software developer raised $32 million for graph database tools.
Drivers – Smart Display Market
- Real-time big data mining
with visualization of results to drive the Graph Database
Market.
Graph database
eases the distribution of any data across data centers or cloud regions, making
business applications ready to scale, and able to create real-time insights and
experiences. Moreover, it helps display insights through data visualizations
and provides a real-time prediction for streaming data. Hence, the graph
database is used to enhance business process, improve decision-making, and
achieve the ability to automate, optimize, and direct decisions as per demands
to reach set business goals. The growing consensus toward graph database is the
most direct path to extract business decisions from the value found in the
data.
- Penetration of connected data to optimize marketing performance is expected to drive the Graph database Market.
Graph databases are majorly designed for highly interconnected data. It works best when the data is connected, and should be represented by how it links or refers to other data. For instance, the application of graph database technology in social network. Moreover, for highly connected data, graph database technology provides numerous benefits as compared to other relational databases, including enhanced performance, improved flexibility, and easier data modeling, which are expected to provide lucrative opportunities for the graph database market. For instance, highly connected data can cause a lot of joins, which generally are expensive. After over seven self/recursive joins, the relational database management system slows down considerably as compared to graph databases.
Challenges – Graph Database Market.
- Lack of standardization and programming ease to hamper the market growth.
While graph databases are technically
NoSQL databases, in practice, they cannot be implemented across a low-cost
cluster, but have to run on a single machine. This is the reason behind the rapid
performance degradation across a network. Another potential drawback is that
developers have to write their queries using Java as there is no Standard Query
Language (SQL) to retrieve data from graph databases, which means employing
expensive programmers or developers use SparcQL or one of the other query
languages that have been developed to support graph databases. These challenges
may hinder the Graph Database Market growth.
Market Landscape
The Graph Database Market is dominated by major solution
providers, such as IBM (US), Microsoft (US), Oracle (US), AWS (US), Neo4j (US),
OrientDB (UK), TIBCO (US), Franz (US),
OpenLink Software (US), MarkLogic (US), TigerGraph (US), DataStax (US),
Ontotext (Bulgaria), Stardog (US), Cray (US), ArangoDB (US), Bitnine (US),
Objectivity (US), Memgraph (UK), Cambridge Semantics (US), Fluree (US), and
Blazegraph (US). Investments, product launches along with partnerships are the
key strategies adopted by the players in the Graph Database Market
Product Launches / Collaborations / Investments
- In November 2018, Neo4j raised $80 million for next-generation graph databases to grow its developer tools and support popular use cases, particularly graph-enabled artificial intelligence (AI) and machine learning (ML) systems.
- In April 2019, Neo4j and Google Cloud announced a strategic partnership that will offer the Neo4j graph database delivered as a seamless experience integrated with GCP console, billing, and support services.
- In July 2019, TigerGraph Launched PartnerGraph Program to Meet Growing Demand for Graph Analytics in AI and Machine Learning. New Program Enables Partners to Leverage Leading Scalable Graph Database and Analytics Platform.
LIST OF TABLES
1.Global Graph Database Market By Type Market 2023-2030 ($M)1.1 Resource Description Framework Market 2023-2030 ($M) - Global Industry Research
1.2 Property Graph Market 2023-2030 ($M) - Global Industry Research
2.Global Graph Database Market By Component Market 2023-2030 ($M)
2.1 Tools Market 2023-2030 ($M) - Global Industry Research
2.2 Services Market 2023-2030 ($M) - Global Industry Research
2.2.1 Managed Services Market 2023-2030 ($M)
2.2.2 Professional Services Market 2023-2030 ($M)
3.Global Graph Database Market By Deployment Type Market 2023-2030 ($M)
3.1 Cloud Market 2023-2030 ($M) - Global Industry Research
3.2 On-Premises Market 2023-2030 ($M) - Global Industry Research
4.Global Graph Database Market By Organization Size Market 2023-2030 ($M)
4.1 Large Enterprises Market 2023-2030 ($M) - Global Industry Research
4.2 Small & Medium-Sized Enterprises Market 2023-2030 ($M) - Global Industry Research
5.Global Graph Database Market By Industry Vertical Market 2023-2030 ($M)
5.1 Telecom & It Market 2023-2030 ($M) - Global Industry Research
5.2 Healthcare & Lifesciences Market 2023-2030 ($M) - Global Industry Research
5.3 Transportation & Logistics Market 2023-2030 ($M) - Global Industry Research
5.4 Retail & Ecommerce Market 2023-2030 ($M) - Global Industry Research
5.5 Energy & Utilities Market 2023-2030 ($M) - Global Industry Research
5.6 Government & Public Market 2023-2030 ($M) - Global Industry Research
5.7 Manufacturing Market 2023-2030 ($M) - Global Industry Research
6.Global Graph Database Market By Type Market 2023-2030 (Volume/Units)
6.1 Resource Description Framework Market 2023-2030 (Volume/Units) - Global Industry Research
6.2 Property Graph Market 2023-2030 (Volume/Units) - Global Industry Research
7.Global Graph Database Market By Component Market 2023-2030 (Volume/Units)
7.1 Tools Market 2023-2030 (Volume/Units) - Global Industry Research
7.2 Services Market 2023-2030 (Volume/Units) - Global Industry Research
7.2.1 Managed Services Market 2023-2030 (Volume/Units)
7.2.2 Professional Services Market 2023-2030 (Volume/Units)
8.Global Graph Database Market By Deployment Type Market 2023-2030 (Volume/Units)
8.1 Cloud Market 2023-2030 (Volume/Units) - Global Industry Research
8.2 On-Premises Market 2023-2030 (Volume/Units) - Global Industry Research
9.Global Graph Database Market By Organization Size Market 2023-2030 (Volume/Units)
9.1 Large Enterprises Market 2023-2030 (Volume/Units) - Global Industry Research
9.2 Small & Medium-Sized Enterprises Market 2023-2030 (Volume/Units) - Global Industry Research
10.Global Graph Database Market By Industry Vertical Market 2023-2030 (Volume/Units)
10.1 Telecom & It Market 2023-2030 (Volume/Units) - Global Industry Research
10.2 Healthcare & Lifesciences Market 2023-2030 (Volume/Units) - Global Industry Research
10.3 Transportation & Logistics Market 2023-2030 (Volume/Units) - Global Industry Research
10.4 Retail & Ecommerce Market 2023-2030 (Volume/Units) - Global Industry Research
10.5 Energy & Utilities Market 2023-2030 (Volume/Units) - Global Industry Research
10.6 Government & Public Market 2023-2030 (Volume/Units) - Global Industry Research
10.7 Manufacturing Market 2023-2030 (Volume/Units) - Global Industry Research
11.North America Graph Database Market By Type Market 2023-2030 ($M)
11.1 Resource Description Framework Market 2023-2030 ($M) - Regional Industry Research
11.2 Property Graph Market 2023-2030 ($M) - Regional Industry Research
12.North America Graph Database Market By Component Market 2023-2030 ($M)
12.1 Tools Market 2023-2030 ($M) - Regional Industry Research
12.2 Services Market 2023-2030 ($M) - Regional Industry Research
12.2.1 Managed Services Market 2023-2030 ($M)
12.2.2 Professional Services Market 2023-2030 ($M)
13.North America Graph Database Market By Deployment Type Market 2023-2030 ($M)
13.1 Cloud Market 2023-2030 ($M) - Regional Industry Research
13.2 On-Premises Market 2023-2030 ($M) - Regional Industry Research
14.North America Graph Database Market By Organization Size Market 2023-2030 ($M)
14.1 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
14.2 Small & Medium-Sized Enterprises Market 2023-2030 ($M) - Regional Industry Research
15.North America Graph Database Market By Industry Vertical Market 2023-2030 ($M)
15.1 Telecom & It Market 2023-2030 ($M) - Regional Industry Research
15.2 Healthcare & Lifesciences Market 2023-2030 ($M) - Regional Industry Research
15.3 Transportation & Logistics Market 2023-2030 ($M) - Regional Industry Research
15.4 Retail & Ecommerce Market 2023-2030 ($M) - Regional Industry Research
15.5 Energy & Utilities Market 2023-2030 ($M) - Regional Industry Research
15.6 Government & Public Market 2023-2030 ($M) - Regional Industry Research
15.7 Manufacturing Market 2023-2030 ($M) - Regional Industry Research
16.South America Graph Database Market By Type Market 2023-2030 ($M)
16.1 Resource Description Framework Market 2023-2030 ($M) - Regional Industry Research
16.2 Property Graph Market 2023-2030 ($M) - Regional Industry Research
17.South America Graph Database Market By Component Market 2023-2030 ($M)
17.1 Tools Market 2023-2030 ($M) - Regional Industry Research
17.2 Services Market 2023-2030 ($M) - Regional Industry Research
17.2.1 Managed Services Market 2023-2030 ($M)
17.2.2 Professional Services Market 2023-2030 ($M)
18.South America Graph Database Market By Deployment Type Market 2023-2030 ($M)
18.1 Cloud Market 2023-2030 ($M) - Regional Industry Research
18.2 On-Premises Market 2023-2030 ($M) - Regional Industry Research
19.South America Graph Database Market By Organization Size Market 2023-2030 ($M)
19.1 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
19.2 Small & Medium-Sized Enterprises Market 2023-2030 ($M) - Regional Industry Research
20.South America Graph Database Market By Industry Vertical Market 2023-2030 ($M)
20.1 Telecom & It Market 2023-2030 ($M) - Regional Industry Research
20.2 Healthcare & Lifesciences Market 2023-2030 ($M) - Regional Industry Research
20.3 Transportation & Logistics Market 2023-2030 ($M) - Regional Industry Research
20.4 Retail & Ecommerce Market 2023-2030 ($M) - Regional Industry Research
20.5 Energy & Utilities Market 2023-2030 ($M) - Regional Industry Research
20.6 Government & Public Market 2023-2030 ($M) - Regional Industry Research
20.7 Manufacturing Market 2023-2030 ($M) - Regional Industry Research
21.Europe Graph Database Market By Type Market 2023-2030 ($M)
21.1 Resource Description Framework Market 2023-2030 ($M) - Regional Industry Research
21.2 Property Graph Market 2023-2030 ($M) - Regional Industry Research
22.Europe Graph Database Market By Component Market 2023-2030 ($M)
22.1 Tools Market 2023-2030 ($M) - Regional Industry Research
22.2 Services Market 2023-2030 ($M) - Regional Industry Research
22.2.1 Managed Services Market 2023-2030 ($M)
22.2.2 Professional Services Market 2023-2030 ($M)
23.Europe Graph Database Market By Deployment Type Market 2023-2030 ($M)
23.1 Cloud Market 2023-2030 ($M) - Regional Industry Research
23.2 On-Premises Market 2023-2030 ($M) - Regional Industry Research
24.Europe Graph Database Market By Organization Size Market 2023-2030 ($M)
24.1 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
24.2 Small & Medium-Sized Enterprises Market 2023-2030 ($M) - Regional Industry Research
25.Europe Graph Database Market By Industry Vertical Market 2023-2030 ($M)
25.1 Telecom & It Market 2023-2030 ($M) - Regional Industry Research
25.2 Healthcare & Lifesciences Market 2023-2030 ($M) - Regional Industry Research
25.3 Transportation & Logistics Market 2023-2030 ($M) - Regional Industry Research
25.4 Retail & Ecommerce Market 2023-2030 ($M) - Regional Industry Research
25.5 Energy & Utilities Market 2023-2030 ($M) - Regional Industry Research
25.6 Government & Public Market 2023-2030 ($M) - Regional Industry Research
25.7 Manufacturing Market 2023-2030 ($M) - Regional Industry Research
26.APAC Graph Database Market By Type Market 2023-2030 ($M)
26.1 Resource Description Framework Market 2023-2030 ($M) - Regional Industry Research
26.2 Property Graph Market 2023-2030 ($M) - Regional Industry Research
27.APAC Graph Database Market By Component Market 2023-2030 ($M)
27.1 Tools Market 2023-2030 ($M) - Regional Industry Research
27.2 Services Market 2023-2030 ($M) - Regional Industry Research
27.2.1 Managed Services Market 2023-2030 ($M)
27.2.2 Professional Services Market 2023-2030 ($M)
28.APAC Graph Database Market By Deployment Type Market 2023-2030 ($M)
28.1 Cloud Market 2023-2030 ($M) - Regional Industry Research
28.2 On-Premises Market 2023-2030 ($M) - Regional Industry Research
29.APAC Graph Database Market By Organization Size Market 2023-2030 ($M)
29.1 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
29.2 Small & Medium-Sized Enterprises Market 2023-2030 ($M) - Regional Industry Research
30.APAC Graph Database Market By Industry Vertical Market 2023-2030 ($M)
30.1 Telecom & It Market 2023-2030 ($M) - Regional Industry Research
30.2 Healthcare & Lifesciences Market 2023-2030 ($M) - Regional Industry Research
30.3 Transportation & Logistics Market 2023-2030 ($M) - Regional Industry Research
30.4 Retail & Ecommerce Market 2023-2030 ($M) - Regional Industry Research
30.5 Energy & Utilities Market 2023-2030 ($M) - Regional Industry Research
30.6 Government & Public Market 2023-2030 ($M) - Regional Industry Research
30.7 Manufacturing Market 2023-2030 ($M) - Regional Industry Research
31.MENA Graph Database Market By Type Market 2023-2030 ($M)
31.1 Resource Description Framework Market 2023-2030 ($M) - Regional Industry Research
31.2 Property Graph Market 2023-2030 ($M) - Regional Industry Research
32.MENA Graph Database Market By Component Market 2023-2030 ($M)
32.1 Tools Market 2023-2030 ($M) - Regional Industry Research
32.2 Services Market 2023-2030 ($M) - Regional Industry Research
32.2.1 Managed Services Market 2023-2030 ($M)
32.2.2 Professional Services Market 2023-2030 ($M)
33.MENA Graph Database Market By Deployment Type Market 2023-2030 ($M)
33.1 Cloud Market 2023-2030 ($M) - Regional Industry Research
33.2 On-Premises Market 2023-2030 ($M) - Regional Industry Research
34.MENA Graph Database Market By Organization Size Market 2023-2030 ($M)
34.1 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
34.2 Small & Medium-Sized Enterprises Market 2023-2030 ($M) - Regional Industry Research
35.MENA Graph Database Market By Industry Vertical Market 2023-2030 ($M)
35.1 Telecom & It Market 2023-2030 ($M) - Regional Industry Research
35.2 Healthcare & Lifesciences Market 2023-2030 ($M) - Regional Industry Research
35.3 Transportation & Logistics Market 2023-2030 ($M) - Regional Industry Research
35.4 Retail & Ecommerce Market 2023-2030 ($M) - Regional Industry Research
35.5 Energy & Utilities Market 2023-2030 ($M) - Regional Industry Research
35.6 Government & Public Market 2023-2030 ($M) - Regional Industry Research
35.7 Manufacturing Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Graph Database Market Revenue, 2023-2030 ($M)2.Canada Graph Database Market Revenue, 2023-2030 ($M)
3.Mexico Graph Database Market Revenue, 2023-2030 ($M)
4.Brazil Graph Database Market Revenue, 2023-2030 ($M)
5.Argentina Graph Database Market Revenue, 2023-2030 ($M)
6.Peru Graph Database Market Revenue, 2023-2030 ($M)
7.Colombia Graph Database Market Revenue, 2023-2030 ($M)
8.Chile Graph Database Market Revenue, 2023-2030 ($M)
9.Rest of South America Graph Database Market Revenue, 2023-2030 ($M)
10.UK Graph Database Market Revenue, 2023-2030 ($M)
11.Germany Graph Database Market Revenue, 2023-2030 ($M)
12.France Graph Database Market Revenue, 2023-2030 ($M)
13.Italy Graph Database Market Revenue, 2023-2030 ($M)
14.Spain Graph Database Market Revenue, 2023-2030 ($M)
15.Rest of Europe Graph Database Market Revenue, 2023-2030 ($M)
16.China Graph Database Market Revenue, 2023-2030 ($M)
17.India Graph Database Market Revenue, 2023-2030 ($M)
18.Japan Graph Database Market Revenue, 2023-2030 ($M)
19.South Korea Graph Database Market Revenue, 2023-2030 ($M)
20.South Africa Graph Database Market Revenue, 2023-2030 ($M)
21.North America Graph Database By Application
22.South America Graph Database By Application
23.Europe Graph Database By Application
24.APAC Graph Database By Application
25.MENA Graph Database By Application
26.IBM, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Microsoft, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Oracle, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.AWS, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Neo4j, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Orientdb, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Teradata Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Tibco Software, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Franz, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Openlink Software, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Marklogic, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Tigergraph, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.MongoDB, Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.Cray, Sales /Revenue, 2015-2018 ($Mn/$Bn)
40.Datastax, Sales /Revenue, 2015-2018 ($Mn/$Bn)
41.Ontotext, Sales /Revenue, 2015-2018 ($Mn/$Bn)
42.Stardog, Sales /Revenue, 2015-2018 ($Mn/$Bn)
43.Arangodb, Sales /Revenue, 2015-2018 ($Mn/$Bn)
44.Sparcity Technologies, Sales /Revenue, 2015-2018 ($Mn/$Bn)
45.Bitnine, Sales /Revenue, 2015-2018 ($Mn/$Bn)
46.Objectivity, Sales /Revenue, 2015-2018 ($Mn/$Bn)
47.Cambridge Semantics, Sales /Revenue, 2015-2018 ($Mn/$Bn)
48.Fluree, Sales /Revenue, 2015-2018 ($Mn/$Bn)
49.Blazegraph, Sales /Revenue, 2015-2018 ($Mn/$Bn)
50.Memgraph, Sales /Revenue, 2015-2018 ($Mn/$Bn)