North America to Hold A Quarter of  Shares in the Graph Analytics Market

Wed, 20 May 2020 1:37

The graph analytics market was valued USD 575.2 billion in 2019 and is expected to reach USD 12,359 billion by 2029, with a CAGR of 36.4 %.

The market is largely driven by the increasing demand for advanced analytical solutions to enhance data science environments, rising need for constant customer engagement to improve the customer experiences, increasing adoption of analytical solution through graph database for low-latency queries and explore relationships between data in real-time, and increase in a number of product enhancement on the existing platform. However, the shortage of technical expertise to develop a high computing algorithm and lack of standardized patterns of algorithms impede the market growth.

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Key Highlights

  • North America accounted for the largest market share of 41%, followed by Europe, Asia-Pacific, South America, and the Middle East and Africa. Asia-Pacific is projected to exhibit the highest CAGR during the forecast period (2020-2029)
  • The solution segment held the lion’s share in 2019 and is expected to dominate the market during the forecast period. On the other hand, the services segment is expected to grow with the highest CAGR
  • The software tools segment accounted for the largest market share in 2019 and is expected to dominate the market during the forecast period
  • The consulting services segment held about 37% of the market shares in 2019 and continues to dominate the market.
  • The on-premise segment held more than 55% of the market shares in 2019
  • The customer analytics segment accounted for the highest percentage of the pie in 2019

Key Players

  • Microsoft Corporation
  • Amazon Web Services
  • Oracle Corporation
  • IBM Corporation
  • HP Development LP (Cray Inc)
  • Teradata
  • Lynx Analytics
  • Tiger graph
  • Neo4j
  • Linkurious
  • TIBCO Software
  • DataStax
  • FlockDB
  • OrientDB
  • Titan
  • Tom Sawyer
  • Objectivity
  • Expero
  • Kineviz

Graph Analytics Market Segmentation

By Component

  • Solution
  • Services
    • Consulting services
    • Support and maintenance services
    • System integrating services

By Deployment Mode

  • Cloud
  • On-premise

By Organization Size

  • SMEs
  • Large enterprises

By Application

  • Customer Analytics
  • Risk and compliance management
  • Recommendation engines
  • Route optimization
  • Fraud detection

By Industry Vertical

  • Retail and e-commerce
  • Healthcare
  • Telecom
  • Manufacturing
  • Government and public sector
  • Banking, financial services, and insurance (BFSI)
  • Transportation and logistics

" Crucial Insights The Report Provides:"

* Known and Unknown Adjacencies Influencing the Growth of Market

* Explorable Revenue Sources

* Customer Behaviour Analysis

* Target Partners

* Customized Geographical Data Based on Customers as well as Competitors

* Analysis of Market Size and CAGR between the Forecast Periods

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