Graph analytics market Overview:
The Graph analytics market is estimated to grow at a compound annual growth rate of CAGR of 31.6% from 2020 to 2027. The Graph analytics market is expected to reach USD 2,885.2 million by the end of the year 2027.
Graph analytics are analytic algorithms, used to identify the relationship between two objects, these are also known as graph algorithms. Graph analytics are used in various applications such as Search, shortest path, clustering, cutting, page rank, connected components, widest path etc.
Growth in the demand for cloud-based solutions, the internet of things, the demand for actual data analysis, need for low latency queries has been the driver of the Graph analytics market.
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Key players: Linkurious (France), DataStax (US), Graphistry (US), Objectivity (UK), Dataiku (US), Neo4j (US), Cray Inc. (US), TigerGraph (US), AWS (US), Teradata (US), TIBCO Software (US), Lynx Analytics (Singapore), IBM Corporation (US), Microsoft Corporation (US).
Market segmentation
The Graph analytics market has been segmented based on components, services, and applications.
Based on the component: Based on component the Graph analytics market has been sub-segmented into solution, service, system integration, and support and maintenance.
Based on services: The Graph analytics market under the segment of services is sub-segmented into consulting, system integration, and support and maintenance.
Based on application: Based on the application segment the Graph analytics market has been sub-segmented into customer analytics, risk and compliance management, fraud detection, route optimization, and recommendation engines.
It can also be segmented based on-
The solution can be sub-segmented into software tools and platforms.
Services can be further segmented into consulting, system integration, and support and maintenance.
Deployment mode can be sub-segmented into On-premises and Cloud.
Organization size can be further segmented into large enterprises and small and medium-sized enterprises.
Vertical can be sub-segmented into manufacturing, transportation and logistics, telecom, retail and e-commerce, banking, financial services and insurance, government and public sector, healthcare and life sciences.
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Regional classification
Amongst the regions of North America, South America, Asia, Africa and Europe North America is leading in the Graph analytics market. The region of North America is sub-segmented into US and Canada, the region Europe is sub-segmented into France, UK, Germany, the Middle East and Africa is segmented into Israel, South Africa, United Arab Emirates, Latin America is segmented into Brazil, Mexico and the region of Asia Pacific is segmented into China, Japan and other countries.
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