The Global Graph Database Market is expected to reach around USD 5.6 Billion by 2024
A new report titled “Graph Database Market by Solution (Software and Services), by Vertical (Financial Services, Manufacturing, Public Sector, Telecom, Retail, Travel and Hospitality, and Others) by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) – Global Industry Perspective, Comprehensive Analysis and Forecast, 2017–2024” has been published by Zion Market Research.
According to the report, the global database market is expected to grow at a CAGR of slightly above 41.0% between 2018 and 2024. Incidentally, the market was valued at around USD 499 million in 2017, and it is expected to reach approximately USD 5,611 million in 2024.
Data is a critical component of any business application and system in an organization. Graph data management provides the solution of representing data consistently across an organization. Thereby, data stewards can enrich, cleanse, synchronize, match, and model data across multiple domains. Graph data management even scales to accomplish growth in business user demands, applications, and data volume. These multiple benefits are projected to propel the global graph database market during the forecast period.
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