Rapid Adoption of Advanced Technologies and Increased Demand for Low Latency Queries Drive Growth

Graph Analytics Market Set to Surge, Projected to Reach Nearly US $6.37 Billion by 2029 with a Staggering CAGR of 35%

In a significant market development, the Global Graph Analytics Market is poised to experience a remarkable surge, with a projected size of almost US $6.37 billion by 2029, showcasing an impressive Compound Annual Growth Rate (CAGR) of 35%. This revelation comes from a comprehensive report that meticulously analyzes the industry's dynamics, covering diverse parameters such as offerings, deployment modes, applications, end-user industries, and regional impact.

Challenges Hindering Growth: Despite the surge in popularity, the lack of technical skills poses a challenge to the market. The intricacies involved in analyzing solutions and predicting future data trends require a skilled workforce. The absence of such skilled personnel could hinder the growth of graph analytics tools during the forecast period.

Sectoral Dominance and Deployment Trends: The report indicates that the Solutions segment is expected to witness the highest market share during the forecast period. Additionally, cloud deployment is poised to dominate, attributed to the ease of storing and maintaining data on cloud-based services.

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Research methodology:

This report estimates and validates the size of the global Graph Analytics market using top-down and bottom-up methodologies. In order to compile a comprehensive list of current and notable participants, players strictly abide by a range of industry classification requirements. The market companies that are most relevant to the inquiry are chosen after a thorough validation procedure. Priority rankings are arranged in accordance with the revenue from the most recent quarter using subscription databases like Factiva, Bloomberg, and others. Last but not least, a survey that focuses on the key target categories was especially created to meet all requirements for primary data collection by appointment only. This makes it easier for us to collect information on a range of issues, such as player earnings, operating expenses, profit margins, and the growth of different goods and services. A variety of secondary sources, including the World Bank, associations, company websites, SEC filings, OTC BB, USPTO, EPO, annual reports, press releases, and more are used to validate roughly 70-80% of the data before it is utilized.

Graph Analytics Market Dynamics:

Examining the key market dynamics in both developed and developing regions of the globe is achievable with the use of MMR Analysis, a focused and practical research methodology. To help customers and businesses flourish in specialised industries and expand in new global marketplaces, MMR specialists also conduct in-depth studies of geographic locations. The dynamic Player landscape that affects the market's development is also discussed in this market research analysis.

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Graph Analytics Market Segment:

by Component

• Solutions
• Services

Over the course of the forecast period, the Solutions category is anticipated to dominate the market and continue to develop. The significant expansion of this market sector may be ascribed to the growing need for real-time data analysis and low-latency query analysis. The market for graph analytics in this category is expected to develop throughout the forecast period due to a number of additional factors, including the increasing usage of virtualization for big data analytics.

by Deployment Type

• On Premises
• Cloud Based

Because of the proliferation of cutting-edge technology, nearly all Graph Analytics systems are now deployed using cloud-based services. The rationale for this is that cloud-based services require less physical data, making it easier to store, manage, and extract insights from the data. This integration speeds up the implementation of necessary activities in the event that data alterations occur at any moment, in addition to saving time on data transport.

by Application

• Customer Analytics
• Risk & Compliance Management
• Recommendation Engines
• Route Optimization
• Fraud Detection
• Others

Over the course of the forecast period, it is anticipated that the Route Optimization application segment would dominate the Graph Analytics market. The necessity to find the quickest and safest routes in verticals including supply chain and logistics, transportation, and retail & eCommerce may be the reason for this significant growth.

by Vertical

• IT & Telecom
• BFSI
• Ecommerce & Retail
• Transportation & Logistics
• Manufacturing
• Healthcare & Life Sciences
• Others

Graph Analytics Market Key players:

• Microsoft Corporation
• IBM Corporation
• Amazon Web Services
• Oracle
• Neo4j
• TigerGraph
• DataStax
• TIBCO Software
• Lynx Analytics
• Cambridge Intelligence
• Kineviz
• Franz
• Expero
• Dataiku
• Tom Sawyer Software
• Teradata
• Linkurious
• Graphistry
• Objectivity

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Regional Insights:

The Asia Pacific region is anticipated to account for the largest market share, surpassing North America, driven by increased adoption of advanced technologies such as AI, big data analytics, and IoT.

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