Market Size & CAGR of Graph Analytics market in 2021

The global graph analytics market is anticipated to have a growth rate of 5.2% CAGR from 2021 to 2026. As a result, the market is expected to reach a value of USD 4.1 billion by 2026.

COVID-19 Impact on the Graph Analytics Market

The COVID-19 pandemic has significantly impacted the graph analytics market. With the rapid digitization of businesses and the need to analyze complex data patterns, the demand for graph analytics solutions has increased. However, disruptions in supply chains and economic uncertainties have also posed challenges for market growth.

Graph Analytics Dynamics

The graph analytics market is driven by the increasing adoption of big data analytics, artificial intelligence, and machine learning technologies. Organizations are leveraging graph analytics to gain valuable insights from interconnected data points and drive business decisions. The market is also influenced by the growing need for real-time data analysis and the rise of social media analytics.

Segments and Related Analysis

The graph analytics market can be segmented based on component, deployment mode, organization size, application, and region. Key segments include software, services, cloud-based deployment, on-premises deployment, large enterprises, SMEs, fraud detection, risk management, customer analytics, and more.

By Region Analysis

The graph analytics market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the market due to the presence of key market players and early adoption of advanced analytics technologies. Asia Pacific is expected to witness significant growth owing to the increasing digital transformation initiatives in countries like China and India.

Key Market Players and Competitive Landscape

Some of the key players in the graph analytics market include IBM Corporation, Microsoft Corporation, Oracle Corporation, SAS Institute Inc., and Teradata Corporation. These companies are focusing on product innovation, strategic partnerships, and mergers & acquisitions to strengthen their market position and gain a competitive edge.

Recent Happenings in the Graph Analytics Market

- In February 2021, IBM announced the launch of new graph analytics solutions to help organizations uncover hidden insights from connected data.

- In May 2021, Microsoft introduced Azure Cosmos DB Gremlin API for seamless integration of graph databases in the cloud.

- In July 2021, Oracle unveiled its Oracle Graph Studio to simplify graph database management and analysis for enterprises.

- In September 2021, SAS Institute partnered with Graphistry to enhance visual analytics capabilities for graph data processing.