Authored By: Sarah
21 Nov 2023

Lack of standardization and programming flexibility is boosting the  Graph Database Market into USD 7.400 Bn revenue sector | Forecast period 2023-2027

Insufficient standardisation, limited programming flexibility, and a shortage of skilled workforce are anticipated to lead the graph database market to grow steadily. The market is predicted to expand by USD 7.400 billion, with a compound annual growth rate of 19.9% in next five years.

Technavio Analyst Quoted ~ “The rise of the open knowledge network (OKN) might have a big impact on graph databases as openly accessible knowledge network (OKN) seeks to create a worldwide, linked network of knowledge through the use of open data and semantic technologies.” 

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Snapshot of Graph Database Market Analysis

Open knowledge network gaining popularity and Increasing demand for connected data: are expected to hinder the growth of the market. However, Increased demand for low-latency query and Expansion of Internet of Things (IoT) and connected devices will have a positive impact on the graph database market during the forecast period.

Technavio’s recent analysis of graph database market, includes a detailed examination of its revenue forecasts, including market drivers and challenges, key market participants, and growth opportunities followed by detailed study of market segments  in North America, Europe, APAC, South America, and Middle East and Africa, geographically during the forecast period.As per the forecast the North America region is expected to have a market share of 36%.Learn more about the market dynamics and the aspects that our report's in-depth analysis predicts will have the biggest impact on the market under review.

Technavio’s analysis of the graph database market also includes:

  • CAGR of the market during the forecast period 2023-2027
  • Detailed information on factors that will drive graph database market growth during the next five years
  • Precise estimation of the graph database market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the graph database market industry across 
  • A thorough analysis of the market’s competitive landscape
  • Comprehensive details of factors that will challenge the growth of graph database market
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