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Research details developments in the graph database market to grow at 24.0% CAGR by 2023

IT Market Research

The graph database market comprises following major vendors: IBM (US), Microsoft(US), Oracle(US), AWS(US), Neo4j(US), Orient DB (UK), TIBCO Software(US), Franz(US), Teradata Corporation(US), MongoDB(US), OpenLink Software(US), MarkLogic(US), TigerGraph(US), DataStax(US), Ontotext (Bulgaria), Stardog(US), Cray(US), ArangoDB (Germany), Sparcity Technologies (Spain), Memgraph(UK), Bitnine (Korea), Objectivity(US), Cambridge Semantics(US), Fluree(US), Blazegraph (US)

The graph database market size is expected to grow from USD 821.8 million in 2018 to USD 2,409.1 million by 2023, at a Compound Annual Growth Rate (CAGR) of 24.0% during the forecast period.

Download Sample Copy of Graph Database Market; spread across 165 pages, profiling 25 companies and supported with 79 tables and 39 figures is now available at Report at www.rnrmarketresearch.com/contacts…ple?rname=1543017

The key players in the Graph Database Market include –   IBM (US), Microsoft(US), Oracle(US), AWS(US), Neo4j(US), Orient DB (UK), TIBCO Software(US), Franz(US), Teradata Corporation(US), MongoDB(US), OpenLink Software(US), MarkLogic(US), TigerGraph(US), DataStax(US), Ontotext (Bulgaria), Stardog(US), Cray(US), ArangoDB (Germany), Sparcity Technologies (Spain), Memgraph(UK), Bitnine (Korea), Objectivity(US), Cambridge Semantics(US), Fluree(US), Blazegraph (US)

The report segments the graph database market by application(customer analytics, risk management and fraud detection, recommendation engines, and others), type (RDF and property graph), components (tools and services), deployment models(on-premises and on-demand), organization sizes (large enterprises and SMEs),verticals (BFSI, telecom and IT, retail and eCommerce, healthcare and life sciences, manufacturing, government and public, transportation and logistics, energy and utilities, and others), and regions (North America, Europe, APAC, MEA, and Latin America).

Get More Details on Graph Database Market by Industry @ www.rnrmarketresearch.com/contacts…ing?rname=1543017

The graph database market size is expected to grow from USD 821.8 million in 2018 to USD 2,409.1 million by 2023, at a Compound Annual Growth Rate (CAGR) of 24.0% during the forecast period. Some of the key drivers for the graph database market include enterprises’ increasing demand to have better response time and accuracy to discover new data corelations, and the advent of AI-enhanced graph database software and services.

Get Graph Database Market by Type (RDF and Property Graph), Application (Risk Management & Fraud Detection, Customer Analytics, Recommendation Engines), Component (Tools and Services), Deployment Type, Industry Vertical, and Region - Global Forecast to 2023 @ www.rnrmarketresearch.com/contacts…ase?rname=1543017

Fraud detection applications, through their real-time, near-real-time, and batch analysis of users’ activities, assist companies in safeguarding their customers and enterprise information, assets, accounts, and transactions. To address frauds and the related risks, enterprises use Transaction Monitoring Systems (TMS) that are based on relational databases.

However, due to TMS' linear and discrete analysis approach, they usually help in spotting trends and incidents post their occurrence on a limited basis. This is where graph database tools and services really add value and enhance the entire risk and fraud management process.

Moreover, these tools and services add an additional security layer to its architecture. Graph database tools assist in identifying individual data points and the links between them.

Furthermore, these tools enable the rapid extraction of new insights from large and complex databases to help reveal unknown interactions and relationships, quickening the entire process of execution.

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