Graph Analytics Market: Meticulous Research® Reveals Why This Market is Growing at a CAGR of 19.1% to Reach $2.03 Billion by 2027

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Graph Analytics Market: Meticulous Research® Reveals Why This Market is Growing at a CAGR of 19.1% to Reach $2.03 Billion by 2027

September 07
19:01 2021
Graph Analytics Market: Meticulous Research® Reveals Why This Market is Growing at a CAGR of 19.1% to Reach $2.03 Billion by 2027
The Graph Analytics Market is expected to reach $2.03 billion by 2027, at a CAGR of 19.1% during the forecast period of 2020 to 2027
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

In recent years, graph analytics has received significant attention from the BFSI, healthcare, retails & e-commerce industries owing to its considerable benefits, such as high performance, reliability, scalability, better problem solving, and real-time applications. In its latest publication on the graph analytics market, Meticulous Research states that this market will grow at a CAGR of 19.1% from 2019 to 2027 to reach $2.03 billion by 2027.

The growing need to analyze low-latency queries, increasing demand for cloud-based services, security agility, and integration of AI, IoT, and Blockchain technologies are factors driving the growth of this market. In addition, the ability of graph analytics to uncover relationships between data in real-time is further driving the growth of this market. However, the lack of technical skills regarding graph analytics and degrading economic situation due to COVID-19 are restraining the growth of the graph analytics market to a certain extent.

To provide efficient analysis, Meticulous Research® has segmented this market based on component (solutions and services), deployment mode (on-premise and cloud), industry size (small & medium and large enterprises), application (customer analytics, risk & compliance management, recommendation engine, route optimization, fraud detection, other), end user (BFSI, retail & e-commerce, telecom, healthcare, government, manufacturing, transportation & logistics, and other), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa).

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Scope of the report

Graph Analytics Market, by Component                        

  • Solutions
    • Software Tools
    • Platforms
  • Services
    • Professional Services
    • Managed Services

Graph Analytics Market, by Deployment Mode

  • On-premise
  • Cloud-based

Graph Analytics Market, by Industry Size                    

  • Small & Medium Enterprises
  • Large Enterprises

Graph Analytics Market, by Application            

  • Customer Analytics
  • Risk & Compliance Management
  • Recommendation Engine
  • Route Optimization
  • Fraud Detection
  • Others

Graph Analytics Market, by End User                

  • BFSI
  • Retail & E-commerce
  • Telecom
  • Healthcare
  • Government
  • Manufacturing
  • Transportation & Logistics
  • Others

Graph Analytics Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K
    • Germany
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • Latin America
  • Middle East and Africa

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Geographically, the North American region is poised to command the largest share of the graph analytics market in 2020. The growth of this region can be attributed to the increasing use of big data technology, growing volume of data across various verticals, and rising investment by companies in real-time analytics. On the flip side, Asia-Pacific is also showing promising growth in terms of the incorporation of graph analytics. Organizations across the APAC region are benefiting from developing infrastructure and gradually realizing the importance of graph analytics.

In terms of industry size, the large enterprises segment is projected to command the largest share of the graph analytics market in 2020, owing to its strong infrastructure, coupled with a large number of skilled IT personnel who maintain large volumes of graph databases. Furthermore, large enterprises have a strong financial backup, and hence they can easily procure desired graph analytical solutions. However, small and medium scale organizations are also incorporating graph analytics, realizing the significance of graph analytics for customer retention and risk & compliance management.

In terms of application, the fraud detection segment is expected to command the largest share of the graph analytics market in 2020. The large share of this segment is mainly attributed to the rising number of fraudulent attacks, increasing use of electronic transactions across all the verticals, and increasing sophistication of cyber-attacks. In addition, the growing adoption of technologies, such as AI and machine learning for fraud detection is further stimulating the demand for fraud analytics solutions.

Based on end user, the BFSI segment is expected to account for the largest share of the graph analytics market in 2020. The large share of this segment is mainly due to the increasing volume of transactional data, technological advancements, digitalization of the financial sector, and growing need to implement risk & fraud analytic solutions.

To gain more insights into the market with a detailed table of content and figures, click here : https://www.meticulousresearch.com/product/graph-analytics-market-5134

Due to COVID-19, the global healthcare analytics system is experiencing immense strain, which is affecting critical life-saving operations and processes. Considering this fact, healthcare facilities are inclining more towards analytics to reduce strain on the existing infrastructure and improve their work agility. However, the healthcare sector is expected to grow with the fastest growth rate over the coming years.

Key Players:

The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence on some of the key players operating in this market, such as 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).

Amidst this crisis, Meticulous Research® is continuously assessing the impact of COVID-19 pandemic on various sub-markets and enables global organizations to strategize for the post-COVID-19 world and sustain their growth. Let us know if you would like to assess the impact of COVID-19 on any industry here-https://www.meticulousresearch.com/custom-research

About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

                                               

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