Oct 23, 2020
The global graph analytics market revenue is projected to reach close to USD 5,221.52 million by 2028. Growing demand from the companies for advanced analytical solutions to improve customer service and rising number of innovations and product enhancement drive market growth.
Dallas, United States - October 23, 2020 /MarketersMedia/ —
The global graphs analytics market size is projected to reach nearly USD 5,221.52 million by 2028. In addition, it is projected to gather a CAGR of around 33.08% over the forecast years 2018-2028. The growing demand to analyze low-latency queries and to uncover relationships between data in real-time are the key reasons driving the demand for graph analytics solutions Graph analytics is an emerging and noteworthy new field for analytical tasks, and is also defined as network analysis. The capability to be used for analysis of social network influencer has created adequate market growth opportunities in graph analytics. Marketing managers are specifically interested in recognizing influencers in social networks, since they are possible targets for social media marketing campaigns.
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Integrating with influencers may cause chain reactions among groups in the social network and cause sales of products and services. The global demand for graph analytics is expected to develop at a robust rate of growth and attain prominence by 2028. Increasing demand for analysis of low-latency queries coupled with the ability to reveal the data relationship between data in real time.
Advances in Social Media Data Mining to Encourage Insight-based Analyis Reflecting Growth in Graph Analytics Market
Led by tremendous end-user segment adoption, graph analytics is estimated to witness ravaging adoption in the coming years, allowing global graph analytics market to nail exponential CAGR valuation securing optimistic growth spurt, finds out Adroit Market Research. End user segments such as social media analytics, search engine optimization and fraud detection functions are likely to remain frontline adopters of graph analytics to unravel entity relationships for superlative insights procurement from extensive graph database.
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Complex Algorithm Series Released for Superlative Graph Analytics Ups Game for Stellar Graph
Eying new product additions with robust technological sophistication aligning with end-user needs, Stellar Graph, a renowned contributor in open source ML based graph library has made assertive declaration suggesting its recent investments to dole out new algorithms series. The latest addition is aimed at aiding graph analysts to scout for data patterns from immersive, voluminous data pools. The latest feature is poised to revolutionize data intelligence elimination memory consumption for better lifecycle.
Burgeoning instances of cybercrime, fraudulent transactions owing to massive data burden from disparate data sources that makes it all the more challenging to identify relevant data assets to churn adequate information.
Data scientists constantly face the pertinent challenge of data scavenging from myriad connected device architecture that produce silos of unstructured data. With appropriate algorithms, graph analytics is poised to simplify deep understanding from data silos, resulting in better outcome. This recent development has positioned Stellar Graph favorably on the graph curve and is likely to also influence stellar growth trends in global graph analytics market.
Medical Research in Healthcare Segment Relies on Complex Graph Algorithms for pattern Analysis
Graph analytics is witnessing fast track adoption and has several use cases in the healthcare sector. Data mining in healthcare with graph analytics allows industry specialists to delve deeper in understanding patient conditions to develop more personalized medicine for better medical outcome. Various medical field pilot projects are leveraged with data intelligence from graph analytics to understand disease prognosis and therapeutic possibilities.
he report takes note of relevant developments in graph analytics space spanning across various countries in five major regional hubs such as the Americas, Asia and Asia Pacific, Middle Eastern countries and Africa, as well as European growth ports. Graph analytics adoption across enterprises is categorized on the basis of enterprise size and deployment model. Cloud based deployment of Graph analytics is expected to witness significant expansion in forecast years.
The major players of the global graphs analytics market are Graphistry (US), Teradata (US), Microsoft Corporation (US), AWS (US), IBM Corporation (US), Dataiku (US), Lynx Analytics (Singapore), Neo4j (US), Oracle Corporation (US), TIBCO Software (US), Cray, Inc. (US), Linkurious (France), DataStax (US), Objectivity (UK), and TigerGraph (US). The graphs analytics market comprises well established local as well as global players. In addition, the previously recognized market players are coming up with new and advanced strategic solutions and services to stay competitive in the global market.
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Segment Overview of Global Graphs Analytics Market
Deployment Mode Overview, 2018-2028 (USD Million)
Organization Size Overview, 2018-2028 (USD Million)
• Small And Medium-Sized Enterprises
• Large Enterprises
Application Overview, 2018-2028 (USD Million)
• Transport and Logistics
• Media and Entertainment
• IT and Telecom
Regional Overview, 2018-2028 (USD Million)
• North America
• Rest of Europe
• Asia Pacific
• Rest of Asia-Pacific
• Middle East and Africa
• South Africa
• Rest of Middle East and Africa
• South America
• Rest of South America
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Name: Ryan Johnson
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Organization: Adroit Market Research
Source URL: https://marketersmedia.com/graph-analytics-market-2020-trends-analytics-tools-deployment-mode-application-business-statistics-developments-future-prospects-key-companies-growth-opportunities-2025/88982200
Release ID: 88982200
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