Graph Analytics Market Size Worth USD 20.57 Billion in 2032 | Emergen Research

The global graph analytics market size was USD 1.14 Billion in 2022 and is expected to register a rapid revenue CAGR of 33.5% during the forecast period. In a rapidly evolving digital landscape, advancements in graph analytics, driven by the integration of Artificial Intelligence (AI), Internet of Things (IoT), and blockchain, are reshaping how businesses extract insights from their data. A recent market research report highlights the pivotal role of graph analytics in empowering organizations to make data-driven decisions, optimize operations, and uncover hidden patterns within their datasets.

Graph analytics, a sub-segment of analytical solutions encompassing big data analytics, advanced analytics, and AI, facilitates the determination of relationships between data nodes, verticals, links, and edges in a graphical format. This technology enables journalists to sift through vast troves of documents, enhances logistic services in transportation and manufacturing industries by identifying optimal routes and weather conditions, and aids in a myriad of other applications.

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Market Drivers:

The report identifies several key drivers propelling the growth of the graph analytics market. The increasing demand for advanced analytical solutions, fueled by the exponential growth in digital data production and the rising penetration of digital devices, underscores the need for efficient data processing tools. Additionally, the adoption of big data analytics solutions is becoming commonplace across various industries, further driving market expansion.

Market Restraints:

Despite the promising growth trajectory, challenges such as high costs, data privacy concerns, and technical skill shortages loom over the market. Companies must navigate regulatory requirements, bolster cybersecurity measures, and address data accuracy and quality concerns to fully leverage graph analytics solutions.

Segment Insights:

The deployment mode segment highlights the dominance of cloud-based solutions, offering accessibility and collaboration advantages over on-premises alternatives. Cloud platforms democratize access to graph analytics tools, particularly benefiting Small and Medium-sized Enterprises (SMEs) with limited resources. Conversely, on-premises solutions cater to enterprises seeking to enhance data capabilities through edge computing technologies.

In terms of enterprise size, large enterprises lead the market, leveraging graph analytics to optimize productivity and ensure data security. However, SMEs are poised for rapid growth, driven by increasing cloud adoption and a growing demand for data analytics solutions.

Industry Insights:

The Banking, Financial Services, and Insurance (BFSI) sector dominate graph analytics adoption, leveraging the technology to manage data volumes, ensure compliance, and enhance customer experiences. Similarly, the retail and ecommerce industry is witnessing accelerated growth, driven by the need to understand customer preferences and market dynamics.

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Graph Analytics Top Companies and Competitive Landscape

The global graph analytics market is fragmented with many large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective graph analytics.

Some major players included in the global graph analytics market report are:

• Microsoft Corporation
• Dataiku
• Expero
• Cambridge Intelligence
• Lunx Analytics
• Cloud Software Group
• DataStax
• TigerGrapg
• Neo4j, Inc.
• Oracle Corporation
• Amazon Web Services
• IBM corporation
• Tom Sawyer Software
• Teradata
• Linkurious SAS
• Carnegie Mellon Database Group
• SAP SE
• ArangoDB
• Objectivity Ltd
• Kinevix

Graph Analytics Latest Industry News

• In June 2023, OTORIO, the leading provider of Operational Technology (OT) cyber and digital risk management solutions, announced a significant advancement in OT security with the availability of its Attack Graph Analysis technology, integrated into the company's powerful Cyber Digital Twin (CDT) model.

• On November 2022, TigerGraph, the leading advanced analytics and Machine Learning (ML) platform for connected data, released the latest version of Tiger Graph Cloud, the industry's first and only native parallel graph database-as-a-service, featuring two powerful new tools for visual graph analytics and machine learning. Tiger Graph Insights, a user-friendly visual graph analytics tool for searching and exploring meaningful business insights, and ML Workbench, a powerful Python-based framework for accelerating the development of graph-enhanced machine learning applications, are now available to Tiger Graph Cloud customers.

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Graph Analytics Market Segments Covered in Report

For the purpose of this report, Emergen Research has segmented the global graph analytics market on the basis of component, deployment mode, solutions, enterprise size, and industry:

• Deployment mode Outlook (Revenue, USD Billion; 2019-2032)
o Cloud
o On-premises
• Component Outlook (Revenue, USD Billion; 2019-2032)
o Solutions
o Services
• Enterprise size Outlook (Revenue, USD Billion; 2019-2032)
o Small and Medium Enterprises (SMEs)
o Large Enterprises
• Application Outlook (Revenue, USD Billion; 2019-2032)
o Customer Analytics
o Risk and Compliance Management
o Recommendation Engines
o Route Optimization
o Fraud detection
• Industry Outlook (Revenue, USD Billion; 2019-2032)
o Banking, Financial Services, and Insurance (BFSI)
o Information Technology and Telecom
o Transportation & Logistics
o Healthcare and Life sciences
o Manufacturing
o Retail and Ecommerce
o Others
• Regional Outlook (Revenue, USD Billion; 2019-2032)
o North America
1. U.S.
2. Canada
o Europe
1. Germany
2. France
3. UK
4. Italy
5. Spain
6. Benelux
7. Russia
8. Rest of Europe
o Asia Pacific
1. China
2. Japan
3. South Korea
4. India
5. ASEAN Countries
6. Oceania
7. Rest of APAC
o Latin America
1. Brazil
2. Mexico
3. Rest of LATAM
o Middle East & Africa
1. GCC Countries
2. Israel
3. Turkey
4. South Africa
5. Rest of Middle East & Africa

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