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What key factors are powering the surge in the enterprise knowledge graph market right now?

The market size for enterprise knowledge graphs has seen a significant increase lately. It’s anticipated to expand from $1.18 billion in 2024 to $1.48 billion in 2025, with a compound annual growth rate (CAGR) of 24.8%. The previous period’s growth is credited to factors such as the boost in both volume and diversity of enterprise data, a higher number of data-centred business ventures, an increased need for automated data processing, an expanded number of data sources, and growing usage of advanced data visualization tools.

How fast Is the enterprise knowledge graph market expected to grow, and what’s its future value?

The market size of enterprise knowledge graphs is anticipated to undergo major expansion in the coming few years. The market is predicted to inflate to $3.54 billion by 2029, with a compound annual growth rate (CAGR) of 24.4%. Factors such as mounting demands for data amalgamation, the escalating necessity for amplified data analytics, the increasing embracement of artificial intelligence, the growing emphasis on refining data precision, and the expanding investments in enterprise data design can all be ascribed to this growth in the prediction period. The prediction period would also witness significant trends such as progressive technologies, the embracement of graph databases, integration with AI, cloud-based resolutions, hybrid graph frameworks, and blockchain expertise.

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What are the leading drivers of growth in the enterprise knowledge graph market?

The enterprise knowledge graph market is expected to see significant growth due to rising cloud-based deployment utilization. Cloud-based deployment involves using cloud computing platforms to host, deliver software applications, services, or resources over the Internet, which users can access and manage distantly. The scalability, cost-effectiveness, and on-demand access to resources and services are factors behind the rising adoption of cloud-based deployment. An enterprise knowledge graph is essential for cloud-based deployment as it facilitates the integration, management, and retrieval of both structured and unstructured data across various systems, thereby improving data accessibility, interoperability, and decision-making capability in a cloud setting. Eurostat, the statistical office of the European Union based in Luxembourg, reported in December 2023 that around 45.2% of European Union businesses used cloud computing services in 2023, primarily for email hosting, file storage, and different operational tasks, marking an upward shift of 4.2 percentage points from 2021. In 2023, the most predominantly purchased cloud computing services were email services (82.7%), followed by file storage services (68.0%), and office software (66.3%). Therefore, the rising use of cloud-based deployment underpins the growth in the enterprise knowledge graph market.

What are the key segments defining the enterprise knowledge graph market?

The enterprise knowledge graph market covered in this report is segmented –

1) By Type: Context-Rich; External-Sensing; Natural Language Processing

2) By Task Type: Link Prediction; Entity Resolution; Link-Based Clustering

3) By Application: Semantic Search; Recommendation Systems; Data Integration; Knowledge Management; Artificial Intelligence And Machine Learning

4) By End-User: Healthcare; E-Commerce And Retail; Banking, Financial Services, And Insurance; Government; Manufacturing; Transportation And Logistics; Other End Users

Subsegments:

1) By Context-Rich: Domain-Specific Knowledge Graphs; Personalized Knowledge Graphs; Industry-Specific Knowledge Graphs; Context-Aware Recommendation Systems; Context-Driven Search and Discovery Graphs

2) By External-Sensing: Real-Time Data Integration Graphs; IoT-Driven Knowledge Graphs; Social Media And Web Data Integration Graphs; External Data Sources For Knowledge Enrichment; Knowledge Graphs For Market Intelligence And Trend Analysis

3) By Natural Language Processing (NLP): Text Mining And Document Analysis Graphs; Sentiment Analysis And Opinion Mining Graphs; Entity Recognition And Relationship Extraction Graphs; NLP-Powered Search And Knowledge Discovery Graphs; Multilingual NLP Knowledge Graphs; Question-Answering Systems And Conversational AI Graphs

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Who are the key players steering the development of the enterprise knowledge graph market?

Major companies operating in the enterprise knowledge graph market are Google LLC, Microsoft Corporation, Amazon Web Services Inc., Accenture plc, International Business Machines Corporation, Oracle Corporation, SAP SE, Cognizant Technology Solutions Corporation, Infosys Limited, TIBCO Software Inc., Neo4j Inc., DataStax Inc., Mindtickle Inc., Semantic Web Company, BenevolentAI Ltd., Cambridge Semantics Inc., Yewno Inc., Informatica LLC, TigerGraph Inc., TopQuadrant Inc., Ontotext AD, Stardog Union Inc., Expert System S.p.A., Franz Inc.

How are evolving market trends shaping enterprise knowledge graph Strategies?

Major companies operating in the enterprise knowledge graph market are focusing on developing advanced solutions, such as AI-based solution to improve data management, enhance decision-making, and drive better business outcomes. AI-based solutions use artificial intelligence techniques to analyze and manage data within enterprise knowledge graphs. They help with data integration, entity recognition, relationship discovery, enhanced semantic search, and predictive analytics, ultimately improving decision-making and data accessibility for organizations. For instance, in June 2024, RelationalAI, a US-based technology company, launched powerful Knowledge Graph Coprocessor for Snowflake users, a new solution designed to help organizations build their first knowledge graph in just a few weeks. Its offering lets organizations quickly tap into use cases such as Employee, Product, Customer 360, Advanced Analytics, and Natural Language Search. The Knowledge Graph Accelerator is vital for organizations that leverage knowledge graphs to enhance insights and streamline decision-making processes.

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Which regions are most influential in expanding the enterprise knowledge graph market?

North America was the largest region in the enterprise knowledge graph market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enterprise knowledge graph market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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