The global graph database market growth will be propelled through 2034 at a massive CAGR of 19.4%. With the growing data usage and the rising data storage requirements, the global graph database market size will likely inflate from USD 3.17 billion to USD 18.68 billion in the next decade. Technological advancements also fuel the growth prospects of the industry.
| Attributes | Key Insights |
|---|---|
| Estimated Industry Size in 2024 | USD 3.17 billion |
| Projected Industry Value in 2034 | USD 18.68 billion |
| Value-based CAGR from 2024 to 2034 | 19.4% |
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The rising demand for digital transformation during the outbreak of COVID-19 spurred the demand for efficient data management tools.
The healthcare sector, finance industry, and many other key industries started to shift toward digital platforms, driving the graph database market growth in the historical period.
| Attributes | Values |
|---|---|
| Historical CAGR | 16.5% |
| Valuation in 2019 | USD 1.46 billion |
| Valuation in 2023 | USD 2.69 billion |
The growing gig economy, the rising requirement for real-time data analysis, and the increasing technological infrastructure drive the demand for complex data management tools in the forecasted period. This ensures the propulsion of the global graph database market size in this era.
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With the bolstered technological infrastructure in North America, the growth prospects for leading players in the graph database market in the region are rising. This helps them contribute more to the landscape, propelling the graph database market growth.
Europe is embracing Industry 4.0, enabling the global graph database market size to be enhanced. Hence, it is another key contributor to the industry.
The development in different sectors, including FinTech, manufacturing, and the healthcare industry, the Asia-Pacific region heavily contributes to the industry.
Forecast CAGRs from 2024 to 2034
| Countries | Forecasted CAGR |
|---|---|
| Germany | 8.9% |
| Japan | 9.2% |
| The United States of America | 13.5% |
| China | 19.9% |
| Australia | 22.9% |
Germany, a hub for the manufacturing industry, will embrace Industry 4.0. This includes smart manufacturing processes, efficient supply chain operations, and digital transformation.
These rising requirements will surge the demand for efficient data management software and tools. This will create more prospects for leading players in the graph database market in the country.
The development of real-time graph database solutions for streaming data analysis in Germany will enlarge the graph database market size at a promising CAGR of 8.9% through 2034.
To bolster people’s money transactions, Japan’s government has taken various steps. The finance sector embraces graph databases to mitigate the growing risks of financial fraud. With the growing usage of these systems, the country emphasizes its regulatory compliances, which enhance safe transactions.
Risk detection, reducing money laundering cases, creating digital footprints of economic transactions, etc., are key motives driving the demand. These factors will ensure the graph database market growth to occur at 9.2% in the forecasted period.
The United States of America will encompass the graph database market size enlargement at a CAGR of 13.5% between 2024 and 2034.
With the growing technological infrastructure, the type of crimes in the country has also evolved. It is estimated that the government will likely face a loss of USD 10.5 trillion in 2025.
Predicting cyber threats and potential risks of data leakage can be addressed with the help of graph databases. Due to these factors, leading players in the graph database market are encouraged to produce efficient software solutions.
China’s graph database market growth will be accelerated at a CAGR of 19.9% through 2034. China’s government is focusing on infrastructural development, which includes the advancement of the healthcare sector.
The medical industry in the country is subjected to the revolution in its segments, including telemedicine, electronic medical records, and public health surveillance. The wide applications of graph databases in the industry to revolutionize its competitive landscape surge their demand in the sector.
The banking and finance services in the country are propagating significantly in the country. They show reliance on digital services to provide a seamless service to their customers.
FinTech platforms in the country will likely demand graph databases for effective threat detection or data breaches, offering an additional security layer to its customers.
The growing number of customers in the country will likely contribute to the propulsion of the local ecosystem. Thus, Australia’s graph database market size will be enlarged at the highest rate, projecting a CAGR of 22.9% through 2034.
Data security, risk analysis and forecasting, and seamless scalability are crucial segment drivers for the graph database platform and fraud and risk analytics segment.
| Category | Solution- Graph Database Platform |
|---|---|
| Industry Share in 2024 | 63.3% |
| Segment Drivers |
|
| Category | Application- Fraud & Risk Analytics |
|---|---|
| Industry Share in 2024 | 24.3% |
| Segment Drivers |
|
With the rising demand for data security services, various growth prospects for leading players in the graph database market can be identified. Product innovation will likely spur due to the varying consumer demands, inflating the global graph database market size.
Apart from this, key industry players expand using collaborations, partnerships, acquisitions, and mergers in the competitive landscape.
New entrants can negotiate the threat of key players through innovation. Also, strategic alliances can help them gain a better market share against their assets.
Key Recent Developments
| Attributes | Details |
|---|---|
| Estimated Industry Size in 2024 | USD 3.17 billion |
| Projected Industry Valuation in 2034 | USD 18.68 billion |
| Value-based CAGR 2024 to 2034 | 19.4% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Analysis in | Value in USD billion |
| Key Regions Covered |
North America; Latin America; East Asia; South Asia and Pacific; Western Europe; Eastern Europe; Central Asia; Russia & Belarus; Balkan & Baltics Countries; Middle East and Africa |
| Key Segments Covered |
Solution, Application, Enterprise Size, Industry, Region |
| Key Countries Profiled |
The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
| Key Companies Profiled |
IBM; Oracle Corporation; Microsoft Corporation; AWS; SAP; DataStax; Franz Inc.; Neo4j Inc.; Orient DB; MongoDB; Objectivity Inc.; Stardog Union Inc.; Teradata Corporation. |
Based on solutions, the industry will be segmented into Graph Database Platforms, On-premise, and Cloud-based/Web-based solutions and Services, which will include Data Modeling & Analytics, Database Integration, Technology Consulting, and Support & Maintenance services.
Fraud & Risk Analytics, Recommendation Engines, Supply Chain Management, Clinical Research & Drug Discovery, Customer Analytics, and Others are key application segments of the industry.
Based enterprise size, Small Offices (1-9 employees), Small Enterprises (10-99 employees), Medium-sized Enterprise (100-499 employees), Large Enterprises (500-999 employees), and Very Large Enterprises (1,000+ employees) are key segments.
The industry segment is classified as follows:- Finance , Manufacturing & Resources, Distribution Services, Services, Public Sector and Infrastructure
The following key regions segment the sector:- North America, Latin America, East Asia, South Asia and Pacific, Western Europe, Eastern Europe, Central Asia, Russia & Belarus, Balkan & Baltics Countries and the Middle East and Africa.
The graph database market will progress at a CAGR of 19.4% through 2034.
The graph database industry will likely reach USD 18.68 billion by 2034.
The industry will reach USD 3.17 billion in 2024.
The graph database platform will hold 63.3% of the competitive landscape in 2024.
The market in the United States will progress at a CAGR of 13.5% through 2034.
| Market Value for 2024 | USD 2.40 billion |
|---|---|
| Projected Market Value for 2034 | USD 10.10 billion |
| Value-based CAGR (2024 to 2034) | 15.20% |
| Market Value (2023) | USD 10,429.0 million |
|---|---|
| Market Projected Value (2033) | USD 85,619.0 million |
| Market CAGR (2023 to 2033) | 23.4% |
| Market Size (2023) | USD 347.9 billion |
|---|---|
| Market Projected Size (2033) | USD 999.7 billion |
| Value CAGR (2023 to 2033) | 13.10% |
| Market Estimated Size (2023) | USD 18,611.2 million |
|---|---|
| Market Forecasted Size (2033) | USD 69,806.5 million |
| Market CAGR (2023 to 2033) | 14.1% |
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