The global graph database market size to grow from USD 2.9 billion in 2023 to USD 7.3 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 20.2% during the forecast period. Graph databases can assist in managing and ensuring compliance with data governance regulations.
As per AWS, Graph databases are designed specifically to record and navigate relationships. Relationships are first-class citizens in graph databases, and they account for the majority of the value of graph databases. Graph databases hold data entities in nodes and relationships between entities in edges. An edge always has a start node, an end node, a type, and a direction, and it can indicate parent-child connections, actions, ownership, and other such things. There is no restriction on the number or type of relationships that a node can have.
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Some of the key players operating in the graph database market includegh Oracle Corporation (US), IBM Corporation (US), Amazon Web Services, Inc. (US), DataStax (US), Ontotext (Bulgaria), Stardog Union (US), Hewlett Packard Enterprise (US), ArangoDB (US), Blazegraph (US), Microsoft Corporation (US), SAP SE (Germany), Teradata Corporation (US), Openlink Software (US), TIBCO Software, Inc. (US), Neo4j, Inc. (US), GraphBase (Australia), Cambridge Semantics (US), TigerGraph, Inc. (US), Objectivity Inc. (US), Bitnine Co, Ltd. (US), Franz Inc. (US), Redis Labs (US), Graph Story (US), Dgraph Labs (US), Eccenca (Germany), and Fluree (US). These graph database vendors have adopted various organic and inorganic strategies to sustain their positions and increase their market shares in the global graph database market.
Microsoft creates software, services, devices, and solutions to compete in the intelligent cloud and intelligent edge. Microsoft's increased expenditures in mixed-reality cloud help its clients to digitalize their business processes. Cloud-based solutions that provide customers with software, platforms, and content are among the company's products. Operating systems (OS), cross-device productivity apps, server applications, business solution applications, desktop and server management tools, software development tools, and video games are among its product offerings. Microsoft's platforms and solutions help boost small business productivity, large corporate competitiveness, and government efficiency. To improve its service offerings, it focuses on investing in data centres and other hybrid and edge infrastructure. Microsoft is divided into three business units: productivity and business processes, intelligent cloud computing, and more personal computing. Dynamics business solutions for productivity and business operations include Dynamics 365, a suite of cloud-based ERP and CRM software, Dynamics ERP on-premises, and Dynamics CRM on-premises.
Oracle was founded in 1977 and is headquartered in California, United States. The company is a global leader in providing a wide range of products, solutions, and services geared to fulfil the needs of corporate IT environments, including platforms, applications, and infrastructure. Customers of Oracle include small and large organisations, government agencies, educational institutions, and resellers. The corporation offers its products and services both directly and indirectly through a global sales force and the Oracle Partner Network. It is a company that develops, manufactures, and sells hardware systems, databases, middleware software, and application software. It offers SaaS solutions that include upcoming technologies such as IoT, AI, ML, and blockchain. It works in more than 175 countries through three business segments: cloud and licence, hardware, and services. Graph databases that are part of Oracle's convergent database offering eliminate the requirement to set up and move data to a separate database.
Graph Database Market by Model Type (RDF, LPG, Hypergraph), Offering (Solutions, Services), Analysis Type (Community Analysis, Connectivity Analysis, Centrality Analysis, Path Analysis), Vertical, and Region - Global Forecast to 2028
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