The graph analytics market will touch USD 2,885.2 million at a 31.6% CAGR in the forecast period 2020- 2027, as per the new Market Research Future (MRFR) analysis. Graph analytics solutions, simply put, are analytic tools which are used for determining the direction and strength of relationships between objects in a graph.
Graph Analytics Market Outlook, Strategies, Industry Analysis, Future Scope, Key Drivers Forecast To 2027
Graph Analytics Market Outlook, Strategies, Industry Analysis, Future Scope, Key Drivers Forecast
To 2027
Keywords - Graph Analytics Market, Global Graph Analytics Market, Graph Analytics Market Trends,
Graph Analytics Market Segments, Graph Analytics Industry
Market Analysis
The graph analytics market will touch USD 2,885.2 million at a 31.6% CAGR in the forecast period 2020-
2027, as per the new Market Research Future (MRFR) analysis. Graph analytics solutions, simply put,
are analytic tools which are used for determining the direction and strength of relationships between
objects in a graph.
Various factors are fuelling the global graph analytics market growth. As per the recent MRFR market
estimates, such factors include the growing need to analyze data in real time, integration of AI, IoT,
and blockchain technologies, the growing need to analyze low-latency queries, growing need to
identify complex patterns, rapid use of virtualization for big data analytics, and the growing need for
analysis of low-latency queries. Besides, the rapid use of big data analytics virtualisation is one of the
graph analytics market trends.
On the contrary, lack of technical skills regarding graph analytics may limit the global graph analytics
industry growth over the forecast period.
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Graph Analytics Market Segments
The MRFR report throws light on an inclusive segmental analysis of the global graph analytics market
based on vertical, application, organization size, deployment type, and component.
By component, the global graph analytics market is segmented into service and solution. The service
segment is again bifurcated into support and maintenance, system integration, and consulting.
By deployment type, the graph analytics market is segmented into on-premise and cloud. Of these,
the cloud segment will lead the market over the forecast period.
By organization size, the global graph analytics market is segmented into large enterprise segments
and small and medium-sized enterprise (SME).
By application, the global graph analytics market is segmented into fraud detection, route
optimization, recommendation engines, risk and compliance management, customer analytics, and
others. Of these, the route optimization segment will dominate the market over the forecast period.
By vertical, the global graph analytics market is segmented into retail and e-commerce, telecom,
government, manufacturing, healthcare and life sciences, transportation and logistics, BFSI, and
others.
Regional Analysis
By region, the global graph analytics market covers the recent trends and growth opportunity across
Europe, the Asia Pacific (APAC), North America, South America, and the Middle East and Africa (MEA).
Of these, North America will dominate the market over the forecast period. Technological advances,
high adoption of digital transformation in the US, use of advanced technologies like analytics and big
data, high adoption of cloud-based technologies, increasing use of big data technology, increasing
investments by companies in real-time analytics, and growing amount of data across verticals are
adding to the global graph analytics market growth in the region.
The global graph analytics market in Europe is predicted to hold the second-largest share over the
forecast period. Growing need for real-time analysis of data among enterprises across verticals is
adding to the global graph analytics market growth in the region.
The global graph analytics market in the APAC region is predicted to have healthy growth over the
forecast period. Growing demand for analyzing low-latency queries, organizations seizing
opportunities to ensure their compliances and applying technologies to prevent criminal flows of
capital which threaten customers and their communities, increasing adoption of technologies like IoT,
big data, and AI, rising investments by companies in real-time analytics, demand for higher amount of
data storage and security, and favorable government regulations and policies are adding to the global
graph analytics market growth in the region.
Key Players
The notable players profiled in the global graph analytics market report include Oracle Corporation
(US), DataStax (US), Cray, Inc. (US), TigerGraph (US), AWS (US), IBM Corporation (US), Microsoft
Corporation (US), Lynx Analytics (Singapore), TIBCO Software (US), Teradata (US), Neo4j (US), Dataiku
(US), Objectivity (UK), Graphistry (US), and Linkurious (France), among others.
The graph analytics market is highly fragmented and competitive in nature with the presence of
several well-established domestic and international players. These industry players have used several
strategies to stay ahead such as mergers and acquisitions, partnerships, collaborations, geographic
expansions, and others. Further, they are also investing in research and development activities.
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