Graph Database Market expected to reach USD 2.9 billion by 2024, with a remarkable CAGR of 22.2%

Date

10/22/2019 4:05:39 PM

(MENAFN- iCrowdNewsWire) Oct 22, 2019

According to a new market research report " Graph Database Marketby Type (RDF and Property Graph), Application (Recommendation Engines, Fraud Detection, Risk and Compliance Management), Component (Tools and Services), Deployment Mode, Industry Vertical, and Region - Global Forecast to 2024″, published by MarketsandMarkets, the graph database market size is expected to grow from USD 1.0 billion in 2019 to USD 2.9 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 22.2% during the forecast period.

The key factors driving the graph database market include growing demand for systems' capability of processing low latency queries, and the adoption of Artificial Intelligence (AI)-based graph database tools and services.

Browse and in-depth TOC on ' Graph Database Market

57 - Tables

46 - Figures

163 - Pages

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

Healthcare and life sciences industry vertical 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 startups, 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 improve business profitability. Industry regulations, such as HIPPA and HITECH, provide guidelines for healthcare data privacy and the safe transmission of electronic health data.

Supply chain management application to grow at the highest CAGR during the forecast period

The prominent applications of graph database include risk and compliance management, customer analytics, fraud detection, supply chain management, and recommendation engine. Among these, 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. Most organizations have digitalized their enterprise, and field operations with adoption of advanced technologies. This has led to the generation of a massive amount of data.

Request PDF Brochure @https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=126230231

Asia Pacific to dominate the graph database market during the forecast period.

Many developed as well as developing Asian countries have adopted technologies, which have turned data as the most valuable asset for business development. Hence, information-intensive data management technologies and the graph database technology are leading the technology trends in this region. Asia Pacific (APAC) is expected to grow at the highest CAGR and estimated to pose a great potential for the growth of the graph database market in the coming years.

Some of the major solution providers of graph database market are 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). The study includes an in-depth competitive analysis of these key players in the graph database market with their company profiles, recent developments, and key market strategies.

Browse Adjacent Markets @ Software and Services Market Research Reports & Consulting

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 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points 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. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Email:[email protected]

MnM Blog:https://mnmblog.org/

Visit Our Website:https://www.marketsandmarkets.com

Content Source:https://www.marketsandmarkets.com/PressReleases/graph-database.asp