Semantic Knowledge Graphing Market 2024 : Global Industry Trends, Share, Size, Growth, Opportunity And Forecast To 2033

 

The Semantic Knowledge Graphing Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

 

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According to The Business Research Company’s Semantic Knowledge Graphing Global Market Report 2024, The semantic knowledge graphing market size has grown rapidly in recent years. It will grow from $1.29 billion in 2023 to $1.49 billion in 2024 at a compound annual growth rate (CAGR) of 15.4%.  The  growth in the historic period can be attributed to growing need for interoperability, growing need for structured data, increasing number of internet users, rising demand for semantic knowledge graphing in the healthcare sector, growing demand for semantic knowledge graphing in the e-commerce sector, rising demand for semantic knowledge graphing in the manufacturing sector.

 

The semantic knowledge graphing market size is expected to see rapid growth in the next few years. It will grow to $2.47 billion in 2028 at a compound annual growth rate (CAGR) of 13.5%.  The growth in the forecast period can be attributed to increasing use of natural language processing and machine learning, increasing need for data integration and analytics, increasing volume of data on the internet, growing traction of knowledge graphs for quick knowledge base search, advancements in resolving data access and availability issues, changing in customer expectations, increasing demand for 5g technology in emerging economies. Major trends in the forecast period include technological advancements, innovative solutions, innovation and excellence, business partnership and collaboration, and integration with other technologies.

 

The growing need for structured data is expected to propel the growth of the semantic knowledge graphing market going forward. Structured data refers to data that is organized and formatted in a way that is easily identifiable and searchable by computer systems. Semantic knowledge graphing enhances the value and utility of structured data by providing a framework for organizing and connecting information in a meaningful way. For instance, according to the survey conducted by Komprise, a US-based data management company, 87% of IT leaders rated managing unstructured data growth as a top priority in 2022, up from 70% in 2021. Therefore, the growing need for structured data is driving the growth of the semantic knowledge graphing Market.

 

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The semantic knowledge graphing market covered in this report is segmented –

1) By Knowledge Graph Type: Context-rich Knowledge Graphs, External-sensing Knowledge Graphs, Natural Language Processing (NLP) Knowledge Graphs

2) By Data Source: Structured, Unstructured, Semi-structured

3) By Task Type: Link Prediction, Entity Resolution, Link-based Clustering

4) By Application: Semantic Search, Question and Answer (QnA) Machines, Information Retrieval, Electronic Reading, Other Applications

5) By End-User: Banking, Financial Services And Insurance (BFSI), Healthcare, Manufacturing

 

Top Major Players

Amazon.com Inc.

Google LLC

Microsoft Corporation

Facebook Inc.

The International Business Machines Corporation

 

Major companies operating in the semantic knowledge graphing market are developing innovative products, such as Amazon Neptune, to organize and connect structured and unstructured data in a meaningful way. Amazon Neptune is a graph database service that caters to the storage and processing needs of extensive interconnected datasets. For instance, in October 2022, Amazon Web Services (AWS), a US-based cloud computing company, introduced Amazon Neptune, a purpose-built, high-performance graph database engine optimized for storing billions of relationships and querying the graph. The service employs semantic technologies to enable efficient querying and analysis of data and makes it easy to build and run applications that work with highly connected data.

 

The semantic knowledge graphing market report table of contents includes:

1. Executive Summary

2. Semantic Knowledge Graphing Market Characteristics

3. Semantic Knowledge Graphing Market Trends And Strategies

4. Semantic Knowledge Graphing Market - Macro Economic Scenario

5. Global Semantic Knowledge Graphing Market Size and Growth

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32. Global Semantic Knowledge Graphing Market Competitive Benchmarking

33. Global Semantic Knowledge Graphing Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Semantic Knowledge Graphing Market

35. Semantic Knowledge Graphing Market Future Outlook and Potential Analysis

36. Appendix

 

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