Surge in adoption of graph database software in the healthcare industry, increase in application areas, requirements for enhanced response time & accuracy in finding out new data correlations drive the growth of the global Graph Database Market. Based on component, the software segment held the largest share in 2018. On the other hand, based on region, North America appeared as the dominant share holder in the year.
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By component, the software segment contributed to nearly three-fourths of the total market share in 2018, and is expected to retain its dominance by 2026. The services segment, on the other hand, is projected to grow at the fastest CAGR of 26.4% throughout the forecast period.
By end users, the IT & telecom segment held the largest share in 2018, generating more than two-fifths of the global market. At the same time, the transportation & logistics segment is predicted to register the fastest CAGR of 34.5% during the study period.
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By geography, North America accounted for more than two-fifths of the total market revenue in 2018 and is anticipated to maintain the lion’s share by the end of 2026. Simultaneously, Asia-Pacific would portray the fastest CAGR of 27.8% during the estimated period. The other two regions analyzed in the market report include Europe and LAMEA.
The leading market players analyzed in the global graph database market report include Franz Inc., DataStax, Neo4j, Inc., Microsoft Corporation, Objectivity Inc., Oracle Corporation, OrientDB, MongoDB, Stardog Union Inc., and Teradata Corporation. These market players have adopted different strategies including partnership, expansion, collaboration, joint ventures, and others to reinforce their status in the industry.
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Key Findings of the Graph Database Market:
- By component, the software segment dominated the graph database market size. However, the services segment is expected to exhibit significant growth in the global graph database industry during the forecast period.
- Based on deployment model, the on-premise segment accounted for the highest revenue of graph database industry in 2018.
- By type of database, the non-relational (NoSQL) segment is expected to witness significant growth in the upcoming years.
- Depending on analysis type, the path analysis generated the highest revenue of graph database market in 2018. However, centrality analysis is expected to witness highest growth rate in the forecast period.
- By application, the recommendation engine application is expected to witness significant growth in the upcoming years.
- As per organization size, the large enterprises generated the highest revenue of market in 2018. However, small and medium enterprises is expected to witness highest growth rate in the forecast period.
- Depending on industry vertical, the IT & telecom generated the highest revenue of market in 2018. However, transportation & logistics is expected to witness highest growth rate in the forecast period.
- Region wise, North America dominated the graph database industry in 2018. However, the Asia-Pacific is anticipated to exhibit substantial growth during the graph database market forecast period.
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