- In May 2023, AWS partnered with Neo4j, a key player in defining the graph database landscape and setting open-source standards. As an AWS Marketplace seller, Neo4j has established itself as a leader in the graph database space. Additionally, the company has earned the AWS Data and Analytics Competency, highlighting its expertise in delivering advanced data solutions on the AWS platform
- In May 2023, SAP and Google Cloud announced an enhanced partnership, featuring the launch of a comprehensive open data offering aimed at streamlining data landscapes and maximizing the potential of business data. This new initiative combines SAP's and Google Cloud's data and analytics technologies to enhance the accessibility and utility of enterprise data. Furthermore, it aims to propel advancements in enterprise artificial intelligence development, facilitating greater innovation and insights for businesses
- In April 2023, Neo4j partnered with Imperium Solutions to address the rising demand for graph technology in Singapore. Through this collaboration, Imperium Solutions will help customers unlock the full potential of Neo4j, the leading graph database provider known for solving complex, enterprise-level challenges. This partnership aims to enhance the ability to efficiently identify relationships and patterns within vast datasets, driving greater value for businesses in the region
- In February 2023, IBM announced its acquisition of StepZen Inc., the creator of a GraphQL server with an innovative architecture that enables developers to build GraphQL APIs rapidly and with minimal coding. StepZen is designed for high flexibility, seamlessly integrating with various API approaches. Additionally, it is offered as a Software as a Service (SaaS) solution, while also supporting deployments in private clouds and on-premises data centers, catering to diverse business needs
- In December 2022, LSEG and Microsoft entered into a 10-year strategic partnership aimed at developing next-generation data and analytics solutions, alongside cloud infrastructure enhancements. As part of this collaboration, Microsoft will make an equity investment in LSEG through a share acquisition. The partnership will leverage Microsoft Azure, artificial intelligence, and Microsoft Teams to design LSEG's data infrastructure and create innovative productivity, data analytics, and modeling solutions for users
Frequently Asked Questions
The market is segmented based on Segmentation, By Type (Resource Description Framework (RDF) and Labeled Property Graph (LPG)), Application (Fraud Detection, Prevention and Recommendation Engine), Database (Relational (SQL) and Non-relational (NoSQL)), Deployment Model (On-premise and Cloud), Analysis Type (Path Analysis, Connectivity Analysis, Community Analysis, and Centrality Analysis), Size (Large Enterprises, Small and Medium Enterprises), Component (Software and Services), End User (Banking, Financial Services and Insurance, Telecom and IT, Healthcare and Lifesciences, Transportation and Logistics, Retail and E-commerce, Energy and Utilities, Government and Public, Manufacturing, and Others) – Industry Trends and Forecast to 2031
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The Global Graph Database Market size was valued at USD 2.29 USD Billion in 2023.
The Global Graph Database Market is projected to grow at a CAGR of 18.2% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
