Market Synopsis
The data experts at Market Research Future Reports have carried out thorough research on the global graph analytics market. As per the study conducted by the team, the global graph analytics market is estimated to value approximately USD 2,885.2 million, recording a CAGR of 31.6% by the end of the forecast period. The increasing demand for analyzing the data is the most substantial demand driving the global graph analytics market 2020. Furthermore, the actuating usage of IoT, growing deployment of AI, and the blockchain technologies are the most substantial factors augmenting the market. Besides, the increasing demand to identify complex patterns and the quick usage of virtualization for big data analytics are estimated to be lucrative opportunities. The market is estimated to expand owing to the increasing demand from various sectors such as BFSI and IT and telecommunications. In addition, the increasing demand to evaluate low-latency queries is likely to additionally propel the market. However, the scarcity of technical expertise is estimated to hamper the growth of the market. On the other hand, the market dynamics are estimated to be affected significantly due to the outbreak of COVID-19. The daily operations in various regions were put to a halt which immensely affected the manufacturing cycle of the product. We will provide COVID-19 impact analysis report.
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Market Segmentation
The worldwide graph analytics market can be classified on the basis of component, organization size, deployment, application, vertical, and region.
- Based on component, the worldwide graph analytics market can be classified into solution and service.
- Based on organization size, the worldwide graph analytics market can be classified into mall- and medium-sized enterprise (SME) and large enterprise segments.
- Based on deployment, the worldwide graph analytics market can be classified into the cloud and on-premise.
- Based on application, the worldwide graph analytics market can be classified into risk and compliance management, customer analytics, recommendation engines, fraud detection, route optimization, and others.
- Based on vertical, the worldwide graph analytics market can be classified into transportation & logistics, banking, financial services & insurance, healthcare & life sciences, government, telecom, manufacturing, retail and e-commerce, and others.
- Based on region, the worldwide graph analytics market can be classified into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
Regional Analysis
A thorough analysis of North America, Europe, Asia-Pacific, the Middle East & Africa, and South America has been carried out. As per the evaluation, the global market is estimated to record a CAGR of 31.6% during the assessment period. According to the study, North America is speculated to capture the largest market share during the assessment period. Among all nations in North America, the US is estimated to make the most significant contribution in expanding the market. The usage of developed technologies such as big data and analytics, adoption of cloud-based technologies is estimated to make the most significant contribution in expanding the regional market.
on the other hand, Europe is estimated to take the second position during the review period. However, the APAC region is predicted to be the fastest-growing market in the global graph analytics market during the review period. The increasing demand for analyzing low-latency queries is estimated to be the most crucial factor of expansion during the assessment period.
Key Players
The global players of the market are Graphistry (US), Linkurious (France), Objectivity (UK), Neo4j (US), Dataiku (US), Teradata (US), Lynx Analytics (Singapore), TIBCO Software (US), Microsoft Corporation (US), AWS (US), IBM Corporation (US), TigerGraph (US), DataStax (US), Cray, Inc. (US), Oracle Corporation (US), and a few others.
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