Unprecedented Surge in Graph Analytics Market Projected as Demand for Real-time Insights Soars
In a groundbreaking revelation, the Graph Analytics Market has witnessed an astounding surge, reaching a valuation of USD 77 million in 2023, with expectations of a robust CAGR of 35% from 2024 to 2030, propelling it to a staggering USD 637 million. This meteoric rise is fueled by a myriad of factors, including the increasing demand for real-time insights, integration with AI and ML, and the evolution of specialized graph databases.
Real-time Insights Propel Graph Analytics Market
One of the primary driving forces behind the exponential growth of the Graph Analytics Market is the escalating demand for real-time insights in businesses worldwide. As organizations strive to adapt to dynamic markets and customer behavior, the adoption of Graph Analytics tools becomes imperative. These tools excel in real-time responsiveness by analyzing complex, interconnected data, identifying anomalies immediately, and optimizing operations on the fly. The quest for scalable solutions has led to the development of high-performance tools capable of real-time analysis on massive datasets, further bolstered by cloud-based graph analytics services gaining prominence.
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Graph Analytics Market Overview:
Maximize Market Research has unveiled a highly informative report on the Graph Analytics Market. The research adopts a comprehensive and basic approach to analysing the market, taking into account subjective factors that can offer readers vital business perspectives. The report’s market overview lets stakeholders explore the value chain structure, geographical analysis, applications, market size, and forecast.
Graph Analytics Market Report Scope and Research Methodology:
The report primarily focuses on identifying major companies’ key drivers and restraints, alongside a comprehensive evaluation of current competitive benchmarking and development prospects. The report offers a detailed analysis of the Graph Analytics market trends, future insights, and recent market changes, encompassing demand chain, supply chain, and sales aspects. The report also includes vital information such as Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price, Gross Margin & Sales by Product in the Graph Analytics market research.
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Graph Analytics Market Segmentation:
by Component
Solutions
Services
by Deployment Type
On Premises
Cloud Based
by Application
Customer Analytics
Risk & Compliance Management
Recommendation Engines
Route Optimization
Fraud Detection
Others
In 2023, the global Graph Analytics market was dominated by the Customer Analytics Graph Analytics segment, which held the largest market share of over 20% based on application. Over the course of the projection period, the segment is anticipated to continue growing at a CAGR of 11.45% and to remain dominant. The primary drivers of the market growth are anticipated to be the growing need for a range of Graph Analytics applications created to expedite and simplify business processes through the use of cutting-edge IoT technologies and cloud-based solutions.
by Vertical
IT & Telecom
BFSI
Ecommerce & Retail
Transportation & Logistics
Manufacturing
Healthcare & Life Sciences
Others
Segment analysis and customer analytics in graph analytics work together to reveal deep insights into customer behavior-driven business growth. In order to identify behaviour, preferences, and brand interactions, customer analytics entails gathering and analysing data. This process produces predictive insights and improves the customer experience. Graph analytics uses graph theory to find communities, reveal hidden connections, and enable customised recommendations. By classifying the customer base according to common characteristics, segmentation analysis improves customer satisfaction and helps marketers craft more effective campaigns. By combining these strategies, marketing strategies are more individualised, customer segmentation is improved, and engagement and loyalty are increased. Applications include everything from calculating customer lifetime value and churn risk to making tailored product recommendations and pricing strategy optimisations.
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Graph Analytics Market Key Players are:
1. IBM (U.S.)
2. Microsoft (U.S.)
3. Amazon Web Services, Inc. (U.S.)
4. Oracle (U.S.)
5. Neo4j
6. TigerGraph Inc.
7. TigerGraph (U.S.)
8. Cray Inc. (U.S.)
9. DataStax (U.S.)
10. TIBCO Software
11. TIBCO Software Inc (U.S.)
12. Linkurious SAS (France)
13. Graphistry (U.S.)
14. Lynx Analytics Pte. Ltd. (Singapore)
15. Objectivity Inc. (U.S.)
16. Microsoft Corporation(U.S)
17. IBM Corporation Inc. (U.S.)
18. Oracle Inc. (U.S.)
19. Lynx Analytics Inc.
20. Cambridge Intelligence
Key questions answered in Graph Analytics Market are:
- What is the current growth rate of the Graph Analytics Market?
- Who are the key players in the Graph Analytics Market?
- What are the factors affecting growth in the Graph Analytics Market?
- What are the global trends in the Graph Analytics Market?
- What is the expected demand for different types of products in the Graph Analytics Market during the forecast period?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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Graph Analytics Market Regional Insights:
In-depth assessment of the growth trend is done in the global Graph Analytics market report according to regions. The report strategically segments the major regions, such as North America, Asia Pacific, Europe, South America, and the Middle East and Africa, all of which play a pivotal role in shaping the Graph Analytics market at a global level.
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