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 technology market has witnessed exponential growth, surging from $4.31 billion in 2023 to $5.26 billion in 2024, reflecting a compound annual growth rate (CAGR) of 22.2%. This surge is attributed to the rise in social network analysis, semantic web and linked data, search engines and recommendation systems, fraud detection and security applications, and biological and chemical research. Looking ahead, the market is expected to witness continued exponential growth, projected to reach $11.63 billion by 2028, with a compound annual growth rate (CAGR) of 21.9%. The anticipated growth is fueled by the integration of AI and machine learning, IoT and sensor data analysis, knowledge graphs for enterprise applications, graph-based supply chain optimization, and the utilization of graphs in healthcare and life sciences. Major trends in the forecast period include the convergence of AI and graph technology, the growth of knowledge graphs, the expansion of graphs in IoT and supply chain management, the rise of graphs in healthcare and life sciences, and the focus on graph-based cybersecurity solutions.

The graph technology market is set to thrive due to the expansion of the Internet of Things (IoT). IoT refers to a network of interconnected devices embedded with sensors and software, facilitating data exchange over the Internet, driven by technological advancements, business opportunities, and consumer preferences. Graph technology’s efficiency in modeling and analyzing complex relationships between data points enhances decision-making, data visibility, and overall IoT application functionality and efficiency. With IoT connections expected to increase from 15.1 billion in 2021 to 23.3 billion in 2025, and total connections reaching 37.4 billion by 2030, the graph technology market is poised for significant growth by 2028, propelled by the expanding IoT ecosystem, driven by the expansion of the Internet of Things (IoT).

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What Are The Key Trends That Influence Graph Technology Market Share Analysis?
Major companies in the graph technology market are developing integrated technologies like visualization tools for space object tracking to gain competitive advantages. These tools help monitor satellites and space debris, crucial for space operations. For instance, Privateer launched Wayfinder in March 2022, a knowledge graph technology that maps and tracks space debris and satellites in real-time, supporting safer and more efficient space missions.

Which Market Players Are Driving Growth In The Graph Technology Market?
Major companies operating in the market areMicrosoft Corporation, Amazon Web Services Inc., International Business Machines Corporation, Oracle Corporation, Teradata Corporation, Progress Software Corporation, DataStax Inc., Neo4j Inc., TigerGraph Inc., Bitnine Global Inc., Tom Sawyer Software, Cambridge Semantics Inc., Sparsity Technologies, Stardog Union, ArangoDB Inc., OrientDB Ltd., Franz Inc., Ontotext Corp., Cray Inc., Grakn Labs Ltd., GraphAware Ltd., Blazegraph Inc., Dataiku, Linkurious SAS, GraphGrid Inc.

How Is The Global Graph Technology Market Segmented?
The graph technology market covered in this report is segmented –
1) By Component: Software, Services
2) By Graph Type: Property Graph, Resource Description Framework (RDF), Hypergraph
3) By Database Type: Relational (SQL), Non-Relational (No SQL)
4) By Application: Fraud Detection, Data Management And Analysis, Customer Analysis, Identity And Access Management, Compliance And Risk, Other Applications
4) By Industry: Banking Financial Services And Insurance (BFSI), Retail And E-commerce, Information Technology (IT) And Telecommunications, Healthcare And Life Science, Government And Public Sector, Media And Entertainment, Supply Chain And Logistics, Other Industries

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

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

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