The size of the global Graph Database Market

The global Graph Database Market will expand from $1.9 billion in 2021 to $5.1 billion by 2026, at a CAGR of 22.5%.

The size of the global graph database market is projected to increase at a compound annual growth rate (CAGR) of 22.5% over the timeframe of the forecast, from 1.9 billion US dollars in 2021 to 5.1 billion US dollars by 2026. Graph database tools and services are likely to become more popular because of things like the need to combine real-time big data mining with visualisation of results, the growing market for AI-based graph database tools and services, and the growing demand for solutions that can handle low-latency queries.

The global effects of COVID-19 have shown that how connected things are is an important part of international cooperation. As a result, many governments started rushing to find, evaluate, and buy AI-powered solutions that could be trusted. Graph databases and AI can help organisations deal with uncertainty in real time, but most predictive models are based on patterns that have happened in the past. During the COVID-19 pandemic, the use of graph databases and AI has grown. This has helped businesses connect with customers through digital channels, manage fragile and complicated supply chains, and help workers when their work and lives are disrupted. Work from home and social distancing are two examples of new ways of doing things that have led to the need for graph database solutions and services and the creation of digital infrastructures for large-scale technology deployments. The COVID-19 pandemic in 2020 caused consumers' tastes and habits to change quickly, putting pressure on brands to keep up and give each customer a personalised experience. The operational costs of businesses have gone down, and they are now focusing more on business continuity and sustainability.

COVID-19 has caused a lot of trouble for the businesses of people who work in technology and services. So, the COVID-19 pandemic has upset the global financial markets and caused panic, uncertainty, and distractions in the work of global corporations.

The services segment will have a higher CAGR over the next few years.

The graph database market is split into solutions and services based on what goes into them. Professional services and managed services make up the rest of the services segment. These services are an important part of how graph database solutions work. They also make sure that the implementation goes faster and more smoothly, which maximises the value of the enterprise's investments. Professional and managed services are likely to become more popular as the number of people who use graph database solutions grows. Professional service providers know a lot about the products they sell and let customers focus on their core business. Managed service providers, on the other hand, help customers improve their business operations and cut costs.

Graph databases were made to store and find information about relationships. In graph databases, relationships are treated like first-class citizens, and most of the value of graph databases comes from these relationships. In graph databases, nodes store data entities and edges store the connections between them. An edge always has a start node, an end node, a type, and a direction. An edge can describe parent-child relationships, actions, ownership, and other things. A node can have as many and as many different kinds of links as it wants.

Oracle Corporation (US), IBM Corporation (US), Amazon Web Services, Inc. (US), DataStax (US), Ontotext (Bulgaria), Stardog Union (US), Hewlett Packard Enterprise (US), ArangoDB (US), Blazegraph (US), Microsoft Corporation (US), SAP SE (Germany), Teradata Corporation (US), Openlink Software (US), MarkLogic Corporation (US), TIBCO Software, Inc. (US), Neo4j, Inc. (US) (US). Different organic and inorganic strategies have been used by these graph database vendors to keep their positions and grow their market shares in the global graph database market.

Oracle was founded in 1977 and has its main office in the US state of California. The company is a global leader in providing a wide range of products, solutions, and services designed to meet the needs of corporate IT environments. These include platforms, applications, and infrastructure. Oracle's customers include government agencies, educational institutions, resellers, and businesses of all sizes. The company sells its goods and services directly and indirectly through a worldwide sales force and the Oracle Partner Network. It focuses on creating, making, and selling hardware systems, databases, middleware software, and application software. It offers SaaS services that are made to work with new technologies like the Internet of Things, artificial intelligence, machine learning, and blockchain. It has three business segments: cloud and licence, hardware, and services. It works in more than 175 countries and serves 4,300,000 customers in banking, telecommunications, engineering and construction, financial services, healthcare, insurance, the public sector, retail, and utilities. Oracle's convergent databases, which include graph databases, get rid of the need to set up and move data to a separate database. Analysts and developers can use enterprise-grade security, easy data intake, and strong support for data workloads to find fraud in banking, find relationships and links in data, and improve traceability in smart manufacturing. In the market for graph databases, Oracle has Oracle Spatial and Graph.

IBM is a multinational technology and consulting company with its headquarters in New York, US. It was founded in 1911. It has five main business segments: cloud and cognitive software, global business services, global technology services, systems, and global financing. It offers infrastructure, hosting, and consulting services. IBM has a wide range of products, including IoT, analytics, security, mobile, social, and Watson. It serves many different industries, such as aerospace and defence, education, healthcare, oil and gas, automotive, electronics, insurance, retail and consumer products, banking and finance, energy and utilities, life sciences, telecommunications, media and entertainment, chemicals, government, manufacturing, travel and transportation, construction, metals and mining, and more. The company is strong in the Americas, Europe, the Middle East and Africa, and Asia-Pacific, and it has customers in more than 175 countries. IBM is one of the top companies in the graph database market because it has a wide range of solutions and services to offer. On November 27, 2017, the company said that the IBM Graph service would be ending. Compose for JanusGraph was going to take the place of this service. Titan, which was at the heart of IBM Graph, is now JanusGraph, which is run by the Linux Foundation.