According to a new report, published by KBV research, The Global Semantic Web Market size is expected to reach $57 billion by 2030, rising at a market growth of 42.3% CAGR during the forecast period.
The Solution segment is leading the Global Semantic Web Market, By Component in 2022; thereby, achieving a market value of $34.4 billion by 2030. This is because strong data integration capabilities, usability, and platform compatibility are in high demand. Knowledge graphs and ontologies that describe relationships and concepts in data can be created more easily thanks to semantic web technologies.
The Public segment is showcasing a CAGR of 41.5 % during the forecast period. Enterprises have more control over their application environment because of public cloud options. These elements contribute to the market's public cloud segment's increased demand. Public cloud platforms provide scalable infrastructure resources, allowing organizations to expand their semantic web applications and services as needed. This is crucial for handling growing volumes of data and user traffic.
The Large Enterprises segment is leading the Global Semantic Web Market by Enterprise Size in 2022; thereby achieving a market value of $38 billion by 2030. Large enterprises often have vast amounts of data stored in various formats and systems across different departments. The semantic web enables the integration of this heterogeneous data by providing a common framework for representing and linking data, making creating a unified view of the organization's information easier. Also, semantic technologies facilitate the discovery of valuable insights and knowledge from enterprise data.
The IT & Telecom segment is growing at a CAGR of 40 % during the forecast period (2022-2030). The acceptance of semantic web technologies in the IT & telecom sector offers numerous benefits, including improved data integration, enhanced knowledge representation, and more intelligent data processing. Semantic web technologies enable IT and telecom companies to integrate and connect data from various sources internally and externally. In the telecom sector, managing data from many IoT devices is crucial. Semantic web technologies facilitate the integration and interpretation of IoT data, enabling better device management, predictive maintenance, and service provisioning.
The North America region dominated the Global Semantic Web Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $19.7 billion by 2030. The Asia Pacific region is anticipated to grow CAGR of 43.2% during (2023 - 2030). Additionally, The Europe region would witness CAGR of 42% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/semantic-web-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Cycorp, Inc., Cambridge Semantics, Inc., TopQuadrant, Inc., NetBase Solutions, Inc., SemanticWeb Company Gmbh, Franz Inc., OpenLink Software, Inc., Altova, Inc., Microsoft Corporation and Ontotext AD (Integral Venture Partners)
By Component
By Deployment Type
By Enterprise Size
By Vertical
By Geography
Companies Profiled
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