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Graph Database Market Expansion
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The global graph database market is set to surge from USD 2.9 billion in 2023 to USD 7.3 billion by 2028, driven by rapid growth and integration with advanced technologies. Major players like Oracle, IBM, and AWS are prominent in this industry, with applications spanning healthcare and fraud detection. Companies like Vesoft's NebulaGraph are making significant strides in Gartner's market guide, contributing to the market's projected value of $3.2 billion by 2025.
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How are advanced technologies like AI, blockchain, and IoT influencing the growth of the graph database market?
In what ways can the adoption of graph databases impact fraud detection and risk assessment in the BFSI sector?
What challenges and opportunities arise from the projected market growth of graph technology to $15.0 billion by 2030?
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