Graph Database Market Share 2022 Size, Top Companies Overview, Industry Growth and Report 2027
According to the latest report by IMARC Group, titled " Global Graph Database Market Share, Size, Industry Trends, Growth, Opportunity and Forecast 2022-2027 ", the global graph database market reached a value of US$ 1.13 Billion in 2021 . Looking forward, IMARC Group expects the market to reach a value of US$ 3.78 Billion by 2027 , exhibiting a CAGR of 21.60% during 2022-2027. Graph database (GDB), also known as semantic database, stores data in collections of edges and nodes instead of rows and columns. It can analyze, scale, and handle large and complex datasets efficiently. It helps minimize the complexity in a database and enhance data accessibility by preventing the generation and duplication of various tables. Compared to traditional database solutions, it offers enhanced computing power, indexing, querying, and storage. As a result, GDB finds extensive applications in customer analytics, identity and access management, fraud detection and risk management, recommenda...