DUBLIN--(BUSINESS WIRE)--The "Graph Database Market by Type (RDF and Property Graph), Application (Risk Management & Fraud Detection, Customer Analytics, Recommendation Engines), Component (Tools & Services), Deployment Type, Industry Vertical & Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The graph database market size is expected to grow from USD 821.8 million in 2018 to USD 2,409.1 million by 2023, at a Compound Annual Growth Rate (CAGR) of 24.0% during the forecast period.
Some of the key drivers for the graph database market include enterprises' increasing demand to have better response time and accuracy to discover new data correlations, and the advent of AI-enhanced graph database software and services.
Fraud detection applications, through their real-time, near-real-time, and batch analysis of users' activities, assist companies in safeguarding their customers and enterprise information, assets, accounts, and transactions. To address frauds and the related risks, enterprises use Transaction Monitoring Systems (TMS) that are based on relational databases. However, due to TMS' linear and discrete analysis approach, they usually help in spotting trends and incidents post their occurrence on a limited basis. This is where graph database tools and services really add value and enhance the entire risk and fraud management process.
APAC is expected to grow at the highest CAGR and estimated to have an immense potential for the growth of the graph database market in the coming years. Many Asian countries, including Singapore and China, are leveraging information-intensive technologies to gain a competitive edge over other players. They are digitizing rapidly and promoting the emerging technologies, such as mobility, IoT, cloud, BI, and analytics. This trend provides significant opportunities to grow for vendors of graph database tools and services in this region. The rapid digitization has resulted in the production of large volumes of unstructured data.
- Teradata Corporation
- Tibco Software
- Openlink Software
- Sparcity Technologies
- Cambridge Semantics
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Graph Database Market, By Type
7 Market By Application
8 Graph Database Market, By Component
9 Graph Database Market, By Deployment Type
10 Market By Organization Size
11 Graph Database Market, By Industry Vertical
12 Graph Database Market, By Region
13 Competitive Landscape
14 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/69s5st/global_graph?w=4