CHICAGO, Oct. 28, 2019 /PRNewswire/ -- According to a new market research report "Graph Analytics Market by Component, Deployment Mode, Organization Size, Application (Route Optimization and Fraud Detection), Vertical (Healthcare and Life Sciences, Transportation and Logistics, and BFSI), and Region - Global Forecast to 2024", published by MarketsandMarkets, the global Graph Analytics Market size is expected to grow from USD 584 million in 2019 to USD 2,522 million by 2024, at a Compound Annual Growth Rate (CAGR) of 34.0% during the forecast period.
Major factors fueling the market growth are growing demand to analyze low-latency queries, advancements in graph analytics by integration of technologies, such as Artificial Intelligence (AI), Internet of Things (IoT), and the ability of graph analytics to uncover relationships between data in real time.
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