The Latin America, Middle East and Africa Graph Database Market would witness Market growth of 25.3% CAGR during the forecast period (2022-2028).
The speed with which data can be accessed from one node to another determines the performance of data lookups. Because index-free adjacency requires nodes to obtain direct physical RAM coordinates and to physically point to other neighboring nodes, retrieval becomes quicker. To find connections between nodes, a native graph framework with index-free adjacency does not need to go through any other types of data structures. Once one of the nodes in a network is obtained, directly related nodes in the graph are cached, making data search faster than the first time a user downloads a node. Native graph databases employ index-free adjacency to conduct CRUD operations on the stored data.
Graph databases can be used for a variety of applications. Sophisticated fraud protection can also be enabled with graph databases. A user can leverage relationships in graph databases to conduct finance and buy transactions in relatively closer real-time.
The rising growth of the regional oil and gas industry is accelerating the demand for graph databases across the region. The United Arab Emirates (UAE) is expected to have the world's seventh-largest proven oil and gas reserves. The UAE produces 3 million barrels of petroleum and liquids per day on average and has 100 billion barrels of oil reserves. Around 30% of the country's GDP is based directly on oil and gas production, which accounts for nearly 13% of the country's total exports. The oil industry's profits and royalties provide for the vast majority of the UAE government's revenue.
The United Arab Emirates is attempting to develop modern oil and gas production. The UAE stated in 2020 that it had discovered over 80 trillion cubic feet of gas reserves at Jebel Ali. The government aims to be gas self-sufficient by 2030.
The Brazil Market dominated the LAMEA Graph Database Market by Country in 2021, and would continue to be a dominant Market till 2028; thereby, achieving a Market value of $156.1 million by 2028. The Argentina Market is estimated to grow at a CAGR of 26% during (2022 - 2028). Additionally, The UAE Market would witness a CAGR of 25% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Graph Database Market is Predict to reach $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
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