Global Graph Database Market:
Overview
The graph
database is specially designed to obtain high-level transactional performance
by inhabiting both transactional integrity and operational availability. With
the help of graph database, it becomes easy to relate with the data quickly as
the data is stored in the graph. Some of the popular market players that are
making use of the graph databases are Facebook, LinkedIn, Google, and PayPal.
The three essential benefits of the graph database are flexibility, performance,
and agility.
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Global Graph Database Market:
Segmentation
The global
market for graph database is fragmented into its component, vertical, and end
user. Based on the component, the global market is segregated into services and
software. The software segment is sub-segmented into cloud and on-premise. The
services segment is sub-categorized into consulting & training. Based on
the vertical, the market is categorized into e-commerce & retail,
healthcare & pharmaceutical, telecommunication, BFSI, information
technology, travel & logistics, manufacturing, and others. Based on the end
user, the market is divided into large enterprises and small & medium
enterprises.
Global Graph Database Market: Growth
Factors
The major
factor that is driving the graph database market is the growing business
applications that have connected data along with the increasing technological
challenges that are associated with the connected data. The factors that are
further augmenting the growth of the graph database market are increasing
volumes of data by the enterprises, the increasing requirement to create the
insights from the existing data, increasing focus on the data monetization
solutions, and growing requirement for the master data management solutions. In
various industrial organizations, the dependency on the connected data has
increased for the fraud detection purpose, which is fueling the growth of the
graph database market. Other factors that are positively affecting the market
is the high adoption of the cloud computing environment in several industries,
optimization of the marketing performance by making use of the connected data,
and the increasing IoT applications. The factors that have been identified that
will restrain the graph database market are the challenges that are faced
during the implementation and the lack of awareness about the benefits of graph
databases.
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Global Graph Database Market:
Regional Analysis
Regional
diversification of the graph database market is given as follows Eastern
Europe, Asia Pacific, Latin America, the Middle East & Africa, Western
Europe, and North America. The region that is dominating the graph database
market is the North America. The factors that are contributing to the market
growth in this region are the rise in the demand for data analytic solutions
and the continuous efforts that are taken by the organizations to deliver
personalized customer experience. The graph database market is speedily growing
in Asia Pacific region. This growth is due to the growing solutions of cloud
computing and the increasing preference to obtain competitive insights of the
connected data that are acquired from financial, banking, and e-commerce
sector.
Global Graph Database Market:
Competitive Players
The key
market players that are involved in graph database market include International
Business Machines Corporation, OrientDB, DataStax, ArangoDB GmbH., Objectivity
Inc., Oracle, Neo Technology, Inc., Franz Inc., Ontotext AD, and Sparsity
Technologies.
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