According to business intelligence report titled ‘GLOBAL Graph Database Market 2019-2027’, available with Market Study Report, global graph database market valuation is speculated to grow at a yearly rate of 20.41% over 2019-2027.
 

Expansion of online marketing segment, coupled with rising demand of the technology and its usage in government sectors are key factors driving global graph database market growth. Technological developments, and emergence of Big Data schemes will also facilitate expansion of the business sphere.
 

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For the unversed, graph database technology unveils unseen data relationships and connections while revealing broad & deep customer insights. This helps companies to raise sales of products and services. It is also utilized to optimize constantly changing and unstructured information in the business sector.
 

However, high costs of setting up this technology and shortage of skilled labor are some restraints for global graph database market. Moreover, incapability of graph database to store the rising volume of data generated by increasing usage of internet is another challenge for the industry.
 

Based on component, worldwide graph database market is bifurcated into software, and services. Speaking of deployment model, the industry is segmented into on-premise, and cloud. As per database type, the business sphere is segregated into relational (SQL) database, and non-relational (No SQL) database.
 

According to type of analysis, the marketplace is divided into path analysis, connectivity analysis, community analysis, and centrality analysis. Speaking of application scope, global graph database industry is categorized into privacy & risk compliance, identity & access management, fraud detection & risk management, master data management, customer analytics, recommendation engine, and others.
 

Based on organization size, the domain is fragmented into large enterprises, and small & medium enterprises. While various industry verticals contributing to market remuneration are retail & e-commerce, IT & telecom, healthcare & life science, government & public sector, media & entertainment, transportation & logistics, manufacturing, BFSI, and others.
 

From the regional frame of reference, Asia Pacific graph database market is projected to expand rapidly over 2019-2027, due to rising preference to form competitive judgements based on connected data in the e-commerce and BFSI sectors, and development of cloud computing solutions.
 

Moreover, rising investment in graph database technologies by economies like Japan, China, and India, along with growing demand for smart grid systems under smart city projects will also help in multiplying the market share in APAC.
 

Key players profiled in global graph database market report are Microsoft Corporation, OrientDB Ltd., DataStax Inc., Neo4j Inc., Oracle Corporation, Stardog Union Inc., Franz Inc., Objectivity Inc., Teradata Corporation, and MongoDB Inc.