The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The graph database market has witnessed exponential growth, with the market size expected to reach $3.3 billion in 2024, representing a compound annual growth rate (CAGR) of 25.7%. This growth is attributed to increased data complexity, social media and network analysis, real-time data processing needs, advancements in data analytics, and adoption in sectors such as government, intelligence, and healthcare. By 2028, the market is projected to grow to $7.73 billion, with a CAGR of 23.7%.

Driving Force: Personalized Marketing
The growing demand for personalized marketing is expected to drive the graph database market. Personalized marketing involves targeting clients with customized messaging and offers using data analysis and digital technologies. Graph databases are ideal for this purpose as they can hold and process vast amounts of linked data, including social media interactions and customer profiles. With more organizations adopting website personalization programs and advanced features, the demand for graph databases is set to increase significantly.

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Technological Advancements: Key Trend
Technological advancements play a crucial role in the graph database market’s growth. Companies are focused on developing new solutions to strengthen their position in the market. For example, Neo4j launched Neo4j version 4.3, offering cloud scalability and security advancements to database transactions.

Acquisition and Expansion: Ontotext Acquired by Integral Venture Partners
Integral Venture Partners acquired 76% of Ontotext, a Europe-based company providing graph database solutions. This acquisition highlights the market’s growth potential and the increasing demand for graph database technologies.

Segmentation and Market Outlook
The graph database market is segmented by type (RDF, Labeled Property Graph), component (software, services), deployment mode (cloud, on-premises), application type (consumer analytics, deep learning, regulatory compliance, recommendation engines, identity and access management, fraud detection, supply chain management, other applications), and end-use (BFSI, retail and e-commerce, IT and telecommunication, transportation and logistics, other end-users). North America is expected to remain the largest region in the graph database market in 2023.

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The Graph Database Global Market Report 2024  provides an overview of the graph database market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The graph database market forecast analyzes graph database market size, graph database market share, leading competitor and their market positions.

The Table Of Content For The Graph Database Market Include:
1. Graph Database Market Executive Summary
2. Graph Database Market Segments
3. Graph Database Market Size And Graph Database Market Growth Rate
4. Key Graph Database Market Trends
5. Major Graph Database Market Drivers
……
25. Key Mergers And Acquisitions In The Graph Database Market
26. Top Graph Database Companies
27. Graph Database Market Opportunities And Strategies
28. Graph Database Market, Conclusions And Recommendations
29. Appendix

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