The Europe Vector Database Market would witness market growth of 21.8% CAGR during the forecast period (2023-2030).
Vector databases are pivotal in machine learning and AI applications. They are instrumental in handling the vast datasets required for training complex models, and they facilitate rapid model inference and prediction. E-commerce platforms like Amazon and streaming services like Netflix rely on recommendation systems to enhance user experience. These databases power these systems by efficiently processing user preferences and behavioural data to deliver personalized recommendations in real time.
In addition, industries dealing with time-series data, such as finance, energy, and IoT (Internet of Things), benefit significantly from these databases. These databases excel in managing and analyzing time-stamped data, making them ideal for applications like financial forecasting and predictive maintenance. These databases find extensive use in handling geospatial data for applications like location-based services, route optimization, and geospatial analytics. They can efficiently manage complex geometries and perform spatial queries at high speeds. These databases are well-suited for graph data management, essential in social networks, recommendation engines, fraud detection, and knowledge graphs. They enable efficient traversal and analysis of complex graph structures.
Most Europeans consume news daily, with TV remaining the chief news source, followed by online media, radio, social media, and the press. Digital media experience the fastest consumption growth, owing to better internet penetration, improvements in online offers, and consumption from younger audiences. According to the report titled The European Media Industry Outlook, released in 2023 by the European Commission, the media subsectors’ industry size is estimated at EUR 91.4 billion for the audiovisual sector, EUR 23.5 billion for the video games sector and EUR 19.8 billion for news media. Thus, the rising IT sector and media and entertainment sector in Europe will boost the demand for these databases in the region.
The Germany market dominated the Europe Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $421.2 million by 2030. The UK market is showcasing a CAGR of 20.8% during (2023 - 2030). Additionally, The France market would register a CAGR of 22.7% during (2023 - 2030).
Based on Offering, the market is segmented into Solutions, and Services. Based on Technology, the market is segmented into Natural Language Processing, Computer Vision, and Recommendation Systems. Based on Vertical, the market is segmented into IT & ITeS, Healthcare, BFSI, Retail & E-commerce, Media & Entertainment, Manufacturing, 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 Vector Database Market will Hit $6.4 Billion by 2030, at a CAGR of 22.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, Elastic N.V., Alibaba Cloud (Alibaba Group Holding Limited), Amazon Web Services, Inc. (Amazon.com, Inc.), Google LLC (Alphabet Inc.), DataStax, Inc., GSI Technology, Inc., Clarifai, Inc., Pinecone Systems, Inc., Rockset, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Offering
By Technology
- Natural Language Processing
- Computer Vision
- Recommendation Systems
By Vertical
- IT & ITeS
- Healthcare
- BFSI
- Retail & E-commerce
- Media & Entertainment
- Manufacturing
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Microsoft Corporation
- Elastic N.V.
- Alibaba Cloud (Alibaba Group Holding Limited)
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Google LLC (Alphabet Inc.)
- DataStax, Inc.
- GSI Technology, Inc.
- Clarifai, Inc.
- Pinecone Systems, Inc.
- Rockset, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Vector Database Market, by Offering
1.4.2 Europe Vector Database Market, by Technology
1.4.3 Europe Vector Database Market, by Vertical
1.4.4 Europe Vector Database Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis – Global
4.1 Market Share Analysis, 2022
4.2 Porter’s Five Forces Analysis
Chapter 5. Europe Vector Database Market by Offering
5.1 Europe Solutions Market by Country
5.2 Europe Services Market by Country
Chapter 6. Europe Vector Database Market by Technology
6.1 Europe Natural Language Processing Market by Country
6.2 Europe Computer Vision Market by Country
6.3 Europe Recommendation Systems Market by Country
Chapter 7. Europe Vector Database Market by Vertical
7.1 Europe IT & ITeS Market by Country
7.2 Europe Healthcare Market by Country
7.3 Europe BFSI Market by Country
7.4 Europe Retail & E-commerce Market by Country
7.5 Europe Media & Entertainment Market by Country
7.6 Europe Manufacturing Market by Country
7.7 Europe Others Market by Country
Chapter 8. Europe Vector Database Market by Country
8.1 Germany Vector Database Market
8.1.1 Germany Vector Database Market by Offering
8.1.2 Germany Vector Database Market by Technology
8.1.3 Germany Vector Database Market by Vertical
8.2 UK Vector Database Market
8.2.1 UK Vector Database Market by Offering
8.2.2 UK Vector Database Market by Technology
8.2.3 UK Vector Database Market by Vertical
8.3 France Vector Database Market
8.3.1 France Vector Database Market by Offering
8.3.2 France Vector Database Market by Technology
8.3.3 France Vector Database Market by Vertical
8.4 Russia Vector Database Market
8.4.1 Russia Vector Database Market by Offering
8.4.2 Russia Vector Database Market by Technology
8.4.3 Russia Vector Database Market by Vertical
8.5 Spain Vector Database Market
8.5.1 Spain Vector Database Market by Offering
8.5.2 Spain Vector Database Market by Technology
8.5.3 Spain Vector Database Market by Vertical
8.6 Italy Vector Database Market
8.6.1 Italy Vector Database Market by Offering
8.6.2 Italy Vector Database Market by Technology
8.6.3 Italy Vector Database Market by Vertical
8.7 Rest of Europe Vector Database Market
8.7.1 Rest of Europe Vector Database Market by Offering
8.7.2 Rest of Europe Vector Database Market by Technology
8.7.3 Rest of Europe Vector Database Market by Vertical
Chapter 9. Company Profiles
9.1 Microsoft Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.6 SWOT Analysis
9.2 Elastic N.V.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional Analysis
9.2.4 Research & Development Expenses
9.2.5 SWOT Analysis
9.3 Alibaba Cloud (Alibaba Group Holding Limited)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental Analysis
9.3.4 SWOT Analysis
9.4 Amazon Web Services, Inc. (Amazon.com, Inc.)
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental Analysis
9.4.4 SWOT Analysis
9.5 Google LLC (Alphabet Inc.)
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 SWOT Analysis
9.6 DataStax, Inc.
9.6.1 Company Overview
9.6.2 SWOT Analysis
9.7 GSI Technology, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Regional Analysis
9.7.4 Research & Development Expenses
9.7.5 SWOT Analysis
9.8 Clarifai, Inc.
9.8.1 Company Overview
9.8.2 SWOT Analysis
9.9 Pinecone Systems, Inc.
9.9.1 Company Overview
9.9.2 Recent strategies and developments:
9.9.2.1 Partnerships, Collaborations, and Agreements:
9.9.3 SWOT Analysis
9.10. Rockset, Inc.
9.10.1 Company Overview
9.10.2 SWOT Analysis
TABLE 1 Europe Vector Database Market, 2019 - 2022, USD Million
TABLE 2 Europe Vector Database Market, 2023 - 2030, USD Million
TABLE 3 Europe Vector Database Market by Offering, 2019 - 2022, USD Million
TABLE 4 Europe Vector Database Market by Offering, 2023 - 2030, USD Million
TABLE 5 Europe Solutions Market by Country, 2019 - 2022, USD Million
TABLE 6 Europe Solutions Market by Country, 2023 - 2030, USD Million
TABLE 7 Europe Services Market by Country, 2019 - 2022, USD Million
TABLE 8 Europe Services Market by Country, 2023 - 2030, USD Million
TABLE 9 Europe Vector Database Market by Technology, 2019 - 2022, USD Million
TABLE 10 Europe Vector Database Market by Technology, 2023 - 2030, USD Million
TABLE 11 Europe Natural Language Processing Market by Country, 2019 - 2022, USD Million
TABLE 12 Europe Natural Language Processing Market by Country, 2023 - 2030, USD Million
TABLE 13 Europe Computer Vision Market by Country, 2019 - 2022, USD Million
TABLE 14 Europe Computer Vision Market by Country, 2023 - 2030, USD Million
TABLE 15 Europe Recommendation Systems Market by Country, 2019 - 2022, USD Million
TABLE 16 Europe Recommendation Systems Market by Country, 2023 - 2030, USD Million
TABLE 17 Europe Vector Database Market by Vertical, 2019 - 2022, USD Million
TABLE 18 Europe Vector Database Market by Vertical, 2023 - 2030, USD Million
TABLE 19 Europe IT & ITeS Market by Country, 2019 - 2022, USD Million
TABLE 20 Europe IT & ITeS Market by Country, 2023 - 2030, USD Million
TABLE 21 Europe Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 22 Europe Healthcare Market by Country, 2023 - 2030, USD Million
TABLE 23 Europe BFSI Market by Country, 2019 - 2022, USD Million
TABLE 24 Europe BFSI Market by Country, 2023 - 2030, USD Million
TABLE 25 Europe Retail & E-commerce Market by Country, 2019 - 2022, USD Million
TABLE 26 Europe Retail & E-commerce Market by Country, 2023 - 2030, USD Million
TABLE 27 Europe Media & Entertainment Market by Country, 2019 - 2022, USD Million
TABLE 28 Europe Media & Entertainment Market by Country, 2023 - 2030, USD Million
TABLE 29 Europe Manufacturing Market by Country, 2019 - 2022, USD Million
TABLE 30 Europe Manufacturing Market by Country, 2023 - 2030, USD Million
TABLE 31 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 32 Europe Others Market by Country, 2023 - 2030, USD Million
TABLE 33 Europe Vector Database Market by Country, 2019 - 2022, USD Million
TABLE 34 Europe Vector Database Market by Country, 2023 - 2030, USD Million
TABLE 35 Germany Vector Database Market, 2019 - 2022, USD Million
TABLE 36 Germany Vector Database Market, 2023 - 2030, USD Million
TABLE 37 Germany Vector Database Market by Offering, 2019 - 2022, USD Million
TABLE 38 Germany Vector Database Market by Offering, 2023 - 2030, USD Million
TABLE 39 Germany Vector Database Market by Technology, 2019 - 2022, USD Million
TABLE 40 Germany Vector Database Market by Technology, 2023 - 2030, USD Million
TABLE 41 Germany Vector Database Market by Vertical, 2019 - 2022, USD Million
TABLE 42 Germany Vector Database Market by Vertical, 2023 - 2030, USD Million
TABLE 43 UK Vector Database Market, 2019 - 2022, USD Million
TABLE 44 UK Vector Database Market, 2023 - 2030, USD Million
TABLE 45 UK Vector Database Market by Offering, 2019 - 2022, USD Million
TABLE 46 UK Vector Database Market by Offering, 2023 - 2030, USD Million
TABLE 47 UK Vector Database Market by Technology, 2019 - 2022, USD Million
TABLE 48 UK Vector Database Market by Technology, 2023 - 2030, USD Million
TABLE 49 UK Vector Database Market by Vertical, 2019 - 2022, USD Million
TABLE 50 UK Vector Database Market by Vertical, 2023 - 2030, USD Million
TABLE 51 France Vector Database Market, 2019 - 2022, USD Million
TABLE 52 France Vector Database Market, 2023 - 2030, USD Million
TABLE 53 France Vector Database Market by Offering, 2019 - 2022, USD Million
TABLE 54 France Vector Database Market by Offering, 2023 - 2030, USD Million
TABLE 55 France Vector Database Market by Technology, 2019 - 2022, USD Million
TABLE 56 France Vector Database Market by Technology, 2023 - 2030, USD Million
TABLE 57 France Vector Database Market by Vertical, 2019 - 2022, USD Million
TABLE 58 France Vector Database Market by Vertical, 2023 - 2030, USD Million
TABLE 59 Russia Vector Database Market, 2019 - 2022, USD Million
TABLE 60 Russia Vector Database Market, 2023 - 2030, USD Million
TABLE 61 Russia Vector Database Market by Offering, 2019 - 2022, USD Million
TABLE 62 Russia Vector Database Market by Offering, 2023 - 2030, USD Million
TABLE 63 Russia Vector Database Market by Technology, 2019 - 2022, USD Million
TABLE 64 Russia Vector Database Market by Technology, 2023 - 2030, USD Million
TABLE 65 Russia Vector Database Market by Vertical, 2019 - 2022, USD Million
TABLE 66 Russia Vector Database Market by Vertical, 2023 - 2030, USD Million
TABLE 67 Spain Vector Database Market, 2019 - 2022, USD Million
TABLE 68 Spain Vector Database Market, 2023 - 2030, USD Million
TABLE 69 Spain Vector Database Market by Offering, 2019 - 2022, USD Million
TABLE 70 Spain Vector Database Market by Offering, 2023 - 2030, USD Million
TABLE 71 Spain Vector Database Market by Technology, 2019 - 2022, USD Million
TABLE 72 Spain Vector Database Market by Technology, 2023 - 2030, USD Million
TABLE 73 Spain Vector Database Market by Vertical, 2019 - 2022, USD Million
TABLE 74 Spain Vector Database Market by Vertical, 2023 - 2030, USD Million
TABLE 75 Italy Vector Database Market, 2019 - 2022, USD Million
TABLE 76 Italy Vector Database Market, 2023 - 2030, USD Million
TABLE 77 Italy Vector Database Market by Offering, 2019 - 2022, USD Million
TABLE 78 Italy Vector Database Market by Offering, 2023 - 2030, USD Million
TABLE 79 Italy Vector Database Market by Technology, 2019 - 2022, USD Million
TABLE 80 Italy Vector Database Market by Technology, 2023 - 2030, USD Million
TABLE 81 Italy Vector Database Market by Vertical, 2019 - 2022, USD Million
TABLE 82 Italy Vector Database Market by Vertical, 2023 - 2030, USD Million
TABLE 83 Rest of Europe Vector Database Market, 2019 - 2022, USD Million
TABLE 84 Rest of Europe Vector Database Market, 2023 - 2030, USD Million
TABLE 85 Rest of Europe Vector Database Market by Offering, 2019 - 2022, USD Million
TABLE 86 Rest of Europe Vector Database Market by Offering, 2023 - 2030, USD Million
TABLE 87 Rest of Europe Vector Database Market by Technology, 2019 - 2022, USD Million
TABLE 88 Rest of Europe Vector Database Market by Technology, 2023 - 2030, USD Million
TABLE 89 Rest of Europe Vector Database Market by Vertical, 2019 - 2022, USD Million
TABLE 90 Rest of Europe Vector Database Market by Vertical, 2023 - 2030, USD Million
TABLE 91 Key Information – Microsoft Corporation
TABLE 92 Key Information – Elastic N.V.
TABLE 93 Key Information – Alibaba Cloud
TABLE 94 Key Information – Amazon Web Services, Inc.
TABLE 95 Key Information – Google LLC
TABLE 96 Key Information – DataStax, Inc.
TABLE 97 Key Information – GSI Technology, Inc.
TABLE 98 Key Information – Clarifai, Inc.
TABLE 99 Key Information – Pinecone Systems, Inc.
TABLE 100 Key Information – Rockset, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Europe Vector Database Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Vector Database Market
FIG 4 Market Share Analysis, 2022
FIG 5 Porter’s Five Forces Analysis – Vector Database Market
FIG 6 Europe Vector Database Market share by Offering, 2022
FIG 7 Europe Vector Database Market share by Offering, 2030
FIG 8 Europe Vector Database Market by Offering, 2019 - 2030, USD Million
FIG 9 Europe Vector Database Market share by Technology, 2022
FIG 10 Europe Vector Database Market share by Technology, 2030
FIG 11 Europe Vector Database Market by Technology, 2019 - 2030, USD Million
FIG 12 Europe Vector Database Market share by Vertical, 2022
FIG 13 Europe Vector Database Market share by Vertical, 2030
FIG 14 Europe Vector Database Market by Vertical, 2019 - 2030, USD Million
FIG 15 Europe Vector Database Market share by Country, 2022
FIG 16 Europe Vector Database Market share by Country, 2030
FIG 17 Europe Vector Database Market by Country, 2019 - 2030, USD Million
FIG 18 SWOT Analysis: Microsoft Corporation
FIG 19 SWOT Analysis: Elastic N.V.
FIG 20 SWOT Analysis: Alibaba Cloud
FIG 21 SWOT Analysis: Amazon Web Services, Inc.
FIG 22 SWOT Analysis: Google LLC
FIG 23 SWOT Analysis: DataStax, Inc.
FIG 24 SWOT Analysis: GSI Technology, Inc.
FIG 25 SWOT Analysis: Clarifai, Inc.
FIG 26 SWOT Analysis: Pinecone Systems, Inc.
FIG 27 SWOT Analysis: Rockset