Graph Analytics Market by Component, Deployment, Industry Size, Application (Customer Analytics, Recommendation Engine, Route Optimization, Fraud Detection), End User (BFSI, E-commerce, Healthcare, Manufacturing, Logistics) – Global Forecast to 2027
The research report titled “Graph Analytics Market by Component, Deployment, Industry Size, Application (Customer Analytics, Recommendation Engine, Route Optimization, Fraud Detection), End User (BFSI, E-commerce, Healthcare, Manufacturing, Logistics) – Global Forecast to 2027” provides in-depth analysis of the graph analytics market in five major geographies and emphasizes on the current market trends, market size, market share, recent developments, and forecast till 2027. The Graph Analytics Market is expected to reach $2.03 billion by 2027, growing at a CAGR of 19.1% during the forecast period of 2019 to 2027.
The growth of this market is mainly attributed to the rising demand to analyze low-latency queries, the ability of graph analytics to uncover relationships between data in real-time, increasing demand for cloud-based services, and rising adoption of big data technology are the key factors driving the growth of the graph analytics market.
The study offers a comprehensive analysis of the graph analytics market based on component, deployment mode, industry size, application, end user, and geography. The graph analytics market is segmented on the basis of component (solutions and services), deployment mode (on-premise and cloud-based), industry size (small & medium and large enterprises), application (customer analytics, risk & compliance management, recommendation engine, route optimization, fraud detection, and other), end user (BFSI, retail & e-commerce, telecom, healthcare, government, manufacturing, transportation & logistics, and other). The study also evaluates industry competitors and analyses the market at a country level.
Based on component, the solutions segment is projected to account for the largest market share in 2020. The large share of this segment is mainly attributed to the increasing demand for advanced analytical solutions, growing need to analyze data in real-time, and rapid use of virtualization for big data analytics.
Based on deployment mode, the cloud-based segment is expected to grow at the fastest CAGR during the forecast period. The growing adoption of cloud computing and storage systems is gaining ground among small and medium scale enterprises. Several organizations are gradually moving towards cloud infrastructure, and this trend is expected to grow in the coming years. The benefits of cloud infrastructure in the form of ease of adoption, minimal requirement of in-house infrastructure, scalability, and easy installation of security solutions support the faster growth of this segment. However, factors such as flexibility and reduced cost of infrastructure are attracting organizations towards cloud-based solutions.
Based on end user, the BFSI segment is poised to account for the largest share of the graph analytics market in 2020. This is primarily attributed to the increasing volume of transactional data, technological advancements, digitalization of the financial sector, and growing need to implement risk & fraud analytic solutions. However, the healthcare sector is expected to grow at a considerable growth rate. Prescriptive analytics is changing the face of the modern healthcare sector. Besides, graphs analytics help take appropriate measures to counter critical situations, such as COVID-19.
Geographically, the market is segmented into five major geographies, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. The North American region is expected to account for the largest share of the graph analytics market in 2020. However, the Asia-Pacific region is expected to witness rapid growth during the forecast period. This growth is mainly driven by the increasing adoption of advanced technologies across a wide range of industries in China and Japan to counter the rising labor costs, supporting government initiatives across the region, and investments by major graph analytics companies.
The key players operating in the graph analytics market are Neo4j Inc. (U.S.), TigerGraph (U.S.), TIBCO Software Inc. (U.S.), Oracle Corporation (U.S.), Microsoft Corporation (U.S.), Lynx Analytics (Singapore), Tom Sawyer Software (U.S.), IBM Corporation (U.S.), Cray Inc (U.S.), Datastax (U.S.), Objectivity (US), Kineviz (US), Franz (US), and Expero (US).
Key questions answered in the report-
- Which are the high growth market segments in terms of component, deployment mode, industry size, application, end user, and countries?
- What is the historical market for graph analytics across the globe?
- What are the market forecasts and estimates from the period of 2019-2027?
- What are the major drivers, restraints, and opportunities in the graph analytics market?
- Who are the major players in the graph analytics market and what share of the market do they hold?
- Who are the major players in various countries and what share of the market do they hold?
- How is the competitive landscape?
- What are the recent developments in the graph analytics market?
- What are the different strategies adopted by the major players in the graph analytics market?
- What are the geographical trends and high growth countries?
- Who are the local emerging players in the graph analytics market, and how do they compete with the other players?
Scope of the report
Graph Analytics Market, by Component
o Software Tools
o Professional Services
o Managed Services
Graph Analytics Market, by Deployment Mode
Graph Analytics Market, by Industry Sizes
- Small & Medium Enterprises
- Large Enterprises
Graph Analytics Market, by Application
- Customer Analytics
- Risk & Compliance Management
- Recommendation Engine
- Route Optimization
- Fraud Detection
Graph Analytics Market, by End User
- Retail & E-commerce
- Transportation & Logistics
Graph Analytics Market, by Region
- North America
o Rest of Europe
o Rest of Asia-Pacific
- Latin America
- Middle East and Africa