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ZDNET's key takeaways
The graph database market, driven by AI, is growing at a rate of almost 25% annually.
Graph databases support knowledge graphs, providing visual guidance for AI development.
There are multiple dedicated graph database vendors on the market.
Over the past decade, there has been endless churn in technologies shaping the databases behind the applications we run. The rise of NoSQL databases, document databases, and databases built on the web for the web has brought us greater choices.
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More recently, there has been a boom in the use of artificial intelligence (AI), both in backend systems and through the rise of generative technologies, creating an insatiable demand for databases that can handle and process super-sophisticated workloads. This demand has led to the upsurge of graph databases and knowledge graphs, which are visual databases that can help users manage the requirements of AI.
Graph databases have been on the rise for several years and now comprise the fastest-growing category within the $137bn annual database market. Again, thank AI -- graph databases are seen as the most optimal data backend for AI systems. Spending on these technologies will have a five-year compounded annual growth rate of more than 26%, according to estimates published by tech analyst Gartner at the end of 2024. The overall database management system market will grow 16% annually. In 2025, the Business Research Company projected a compound annual growth rate of 24%.
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