The Europe Graph Database Market would witness Market growth of 21.7% CAGR during the forecast period (2022-2028).
Graph databases are primarily intended for data that is densely interrelated. It works more efficiently when data is related, and it should be described by how it links or refers to other data through many relationships, as in the use of graph database technology in social networks. Additionally, graph databases simplify the time and effort required to create and display data views prevalent in social networks, like activity feeds and detecting whether or not a user knows a specific user in the network. Moreover, in terms of highly connected data, graph database technology offers several advantages over traditional relational databases, including faster performance, increased flexibility, and simplified data modeling, all of which are anticipated to boost the graph database Market . Hence, the graph database Market is estimated to flourish in the coming years.
Furthermore, the deployment of graph database services and solutions is expected to be driven by a number of factors, including the requirement to combine real-time big data extraction with visualization of results, the rising adoption of artificial intelligence-based graph database equipment and services, and the increasing demand for solutions that can address low-latency queries.
Europe comprises a significant and robust healthcare infrastructure. The development of the regional healthcare infrastructure would positively impact the graph database Market in the region. According to the Office for National Statistics, in 2017, The United Kingdom spent £2,989 per person on healthcare. In addition, the healthcare spending in the country was 9.6% of the overall GDP of the country. The increasing investment by the government in the healthcare infrastructure of the country would unlock various new growth prospects for the graph database Market . Due to the increased funding, the healthcare facilities across the region would become available for deploying graph database solutions across their premises.
The Germany Market dominated the Europe Graph Database Market by Country in 2021, and would continue to be a dominant Market till 2028; thereby, achieving a Market value of $529.5 million by 2028. The UK Market is experiencing a CAGR of 20.7% during (2022 - 2028). Additionally, The France Market would showcase a CAGR of 22.6% during (2022 - 2028).
Based on Type, the Market is segmented into Labeled Property Graph and Resource Description Framework. Based on Vertical, the Market is segmented into BFSI, Telecom & IT, Manufacturing & Automotive, Retail & Ecommerce, Government & Public Sector, Healthcare & Life Sciences, Media & Entertainment, Energy & Utilities, Travel & Hospitality, Transportation & Logistics, and Others. Based on Component, the Market is segmented into Software and Services. Based on Deployment Type, the Market is segmented into On-premise and Cloud. Based on Organization Size the Market is segmented into Large Enterprises, and Small & Medium Enterprises. Based on Application, the Market is segmented into Fraud Detection & Prevention, Risk, Compliance & Reporting Management, Supply Chain Management, Operations Management & Asset Management, Knowledge Management, Content Management, Data Extraction & Search, Customer Analytics & Recommendation Engines, Infrastructure Management, IoT, Industry 4.0, Scientific Data Management, Metadata & Master Data Management, and Others. Based on countries, the Market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Graph Database Market Size will Hit $8.1 Billion by 2028, at a CAGR of 22.2%
The Market research report covers the analysis of key stake holders of the Market . Key companies profiled in the report include IBM Corporation, Oracle Corporation, Microsoft Corporation, Amazon Web Services, Inc. (Amazon.com, Inc.), SAP SE, Teradata Corporation, Hewlett Packard Enterprise Company, MarkLogic Corporation, TigerGraph, and OpenLink Software, Inc.
By Type
By Vertical
By Component
By Deployment Type
By Organization Size
By Application
By Country
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 