Global Graph Database Market Size, Share & Trends Analysis Report by Solution, Services, Model Type, Analysis Type, Vertical, and Region - Forecasts from 2023 to 2028

The global Graph Database Market is expected to grow at a CAGR of 20.2% from USD 2.9 billion in 2023 to USD 7.3 billion by 2028, according to a new report by MarketsandMarkets™. The market's growth will be driven by factors such as the adoption of graph database tools and services, increasing demand for real-time data processing and sophisticated analytics, and the need for adaptability and insights across industries. The services segment is expected to hold a higher CAGR during the forecast period, while the graph extension segment is expected to hold the largest market share.

The BFSI segment is expected to have the largest market size during the forecast period. Top key companies in the Graph Database Market include Oracle Corporation, IBM Corporation, Amazon Web Services, DataStax, Ontotext, Stardog Union, Hewlett Packard Enterprise, ArangoDB, Blazegraph, Microsoft Corporation, SAP SE, Teradata Corporation, Openlink Software, TIBCO Software, Neo4j, GraphBase, Cambridge Semantics, TigerGraph, Inc., Objectivity Inc., Bitnine Co., Ltd., Franz Inc., Redis Labs, Graph Story, Dgraph Labs, Eccenca, and Fluree. The market is highly competitive, with many players offering similar products and services. However, each player has its unique strengths and weaknesses, which make it important for businesses to carefully evaluate their options before making a decision.