The Latin America, Middle East and Africa Semantic Knowledge Graphing Market would witness market growth of 16.6% CAGR during the forecast period (2023-2030).
Companies involved in search advertising bought a list of keywords associated with their products, for the system would display ads for the associated products when these terms were typed into a search engine. The sales team can discover additional product-related phrases that customers commonly use and that the business can acquire to increase its prospective leads by using Microsoft's Concept Graph. The market is experiencing increased demand due to the diverse range of applications in sales operations and business development.
As more businesses realize the benefits of using semantic technologies to organize and analyze massive amounts of data, the industry has gradually expanded. Applications for semantic knowledge graphs include natural language processing, recommendation systems, and search engines. Also present in the market is a movement toward standardization and interoperability. Data may now be shared and reused across numerous applications and systems because of the adoption of widely accepted knowledge graphs standards like the Web Ontology Language (OWL) and the Resource Description Framework (RDF). This interoperability enables the sharing and linking of knowledge across different domains, fostering collaboration and the creation of comprehensive knowledge networks.
South African online sales climbed by 66%, reaching over $1.8 billion (ZAR30 billion). After data and airtime, online entertainment is the most popular e-Commerce product category in South Africa. Most meal delivery services have also grown from fast food and grocery stores. South African consumers are price-conscious and favor online sales and discounts. The amount of time South Africans spend online looking for lower pricing and requesting product suggestions on social media is increasing. The need for semantic knowledge graphing in the region is expected to rise due to expanding e-commerce channels.
The Brazil market dominated the LAMEA Semantic Knowledge Graphing Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $64.2 million by 2030. The Argentina market is experiencing a CAGR of 17.2% during (2023 - 2030). Additionally, The UAE market would showcase a CAGR of 16.3% during (2023 - 2030).
Based on Organization size, the market is segmented into Large Organizations, and SMEs. Based on Application, the market is segmented into Semantic Search, Information Retrieval, QnA Machines, Electronic Reading, and Others. Based on Vertical, the market is segmented into BFSI, Government & Healthcare, IT & Telecom, Retail & E-commerce, and Others. Based on Task Type, the market is segmented into Link Prediction, Link-based Clustering, and Entity Resolution. Based on Data Source, the market is segmented into Unstructured, Structured, and Semi-structured. Based on Graph Type, the market is segmented into Context-rich Knowledge Graphs, External-sensing Knowledge Graphs, and NLP Knowledge Graphs. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Semantic Knowledge Graphing Market is Projected to reach USD 3.4 Billion by 2030, at a CAGR of 13.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amazon.com Inc., Baidu, Inc., Meta Platforms, Inc. (Facebook), Google LLC (Alphabet Inc.), Microsoft Corporation, Mitsubishi Electric Corporation, Wipro Limited, Yandex N.V., Stardog Union and Vaticle Ltd.
By Organization Size
By Application
By Vertical
By Task Type
By Data Source
By Graph Type
By Country
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