Global Knowledge Graph Market
Dublin, Feb. 21, 2024 (GLOBE NEWSWIRE) — The “Global Knowledge Graph Market by Offering (Solutions, Services), By Data Source (Structured, Unstructured, Semi-Structured), Industry (BFSI, IT & ITeS, Telecom, Healthcare), Model Type, Application, Type and Region – Forecast to 2028” report has been added to ResearchAndMarkets.com’s offering.
The report predicts that the knowledge graph market is expected to grow from USD 0.9 billion in 2023 to USD 2.4 billion by 2028, at a CAGR of 21.8% during the forecast period. Organizations are increasingly focusing on knowledge discovery and management to improve decision-making processes and gain actionable insights. Knowledge graphs help organize complex information and extract valuable knowledge from structured and unstructured data, contributing to more informed decision making.
Vertically, the IT and ITeS segment is expected to grow at the highest CAGR during the forecast period
The market for knowledge graphs in the IT and ITeS sector has expanded and is expected to change significantly in the coming years, demonstrating the market’s critical role in data management and knowledge representation. Knowledge graphs are essential for integrating diverse data and facilitating well-informed decision making in various industries, including e-commerce, healthcare, finance, and others. These graphs have further strengthened search engines and recommendation systems, giving users more accurate and tailored results. Thanks to integration with AI systems and semantic technologies, they can now understand complicated relationships and situations much better.
According to data source, the unstructured data segment is expected to have the largest market size during the forecast period
Research in data enrichment, contextual understanding, and semantic analysis has advanced significantly due to the knowledge graph market’s increasing focus on unstructured data sources. By applying advanced natural language processing algorithms, businesses can gain significant insights from a variety of unstructured data sources, such as textual content, social media feeds, and customer reviews. Due to the abundance of rich data, the knowledge graph can provide a more thorough and integrated understanding of different disciplines, leading to more precise insights and tailored suggestions.
Story continues
Asia Pacific is expected to grow at the highest CAGR during the forecast period
The Asia Pacific region has become a hotbed for the rapid adoption of knowledge graphs, due to its dynamic technological landscape and the increasing complexity of data. With a strong emphasis on data-driven decision-making and an emerging need for personalized customer experiences, businesses have turned to knowledge graphs as a solution to manage and analyze complex data sets from diverse sources. Government initiatives supporting technological advancements have further fueled the growth of the knowledge graph market, facilitating innovation and economic development. As the region continues to invest in cutting-edge technology, the potential for knowledge graphs to streamline data management and informed decision-making remains a key focus for businesses and organizations across multiple sectors.
Key features
Report feature
Details
Number of pages
233
Forecast period
2023-2028
Estimated market value (USD) in 2023
$0.9 billion
Predicted market value (USD) by 2028
$2.4 billion
Compound annual growth rate
21.8%
Covered regions
Worldwide
Market dynamics
Managers
Rapid growth in data volume and complexity
Advanced AI and ML algorithms and a large amount of generated data
Semantic Web and Linked Data Initiatives
Restrictions
Opportunities
Integrating NLP techniques into Knowledge Graph Market to aid data enrichment and improve user experiences
Increasing adoption in healthcare and life sciences
Challenges
Use cases
Kerberos Prevent Money Laundering and Develop Compliance Management Application for Risk Management with Neo4J
Yahoo7 represents content within Knowledge Graph with the help of Blazegraph
Neo4J enabled and visualized connections between elements of Panama Papers leaks
Graph technology helped the US military by tracking and analyzing equipment maintenance after Neo4J was put into service
The database group helped Springermaterials accelerate research with semantic search
Technology Analysis
Adjacent technologies
NLP
Big data and analytics
Graph of neural networks
Related technologies
Cloud computing
AI and ML
IoT
Blockchain
Companies profiled
ArangoDB
AWS
Necessities
Cambridge Semantics
Talk
Datavid
Diffbot
Eccena
Flurry
Franz Inc.
Graphicware
Chart base
IBM
Marklogic
Memgraph
Microsoft
Neo4J
Onlim
Ontotext
Openlink software
Oracle
JUICE
Semantic Web Company
star dog
Tigergrave
For more information on this report visit https://www.researchandmarkets.com/r/yctu1w
About ResearchAndMarkets.comResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager [email protected] For EST Office Hours Call 1-917-300-0470 For US/CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call + 353- 1-416-8900
Disclaimer for Uncirculars, with a Touch of Personality:
While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.
No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.
And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.
Ultimately, any crypto adventure you embark on is yours alone. We’re just happy to be your crypto companion, cheering you on from the sidelines (and maybe sharing some snacks along the way). So research, explore, and remember, with a little knowledge and a lot of curiosity, you can navigate the crypto cosmos like a pro!
UnCirculars – Cutting through the noise, delivering unbiased crypto news
