Global Semantic Knowledge Graphing Market Outlook 2024, Forecast To 2033
28 Mar, 2024
The semantic knowledge graphing market has demonstrated rapid growth, with its size increasing from $1.29 billion in 2023 to $1.49 billion in 2024, reflecting a CAGR of 15.4%. This expansion in the historic period is attributed to a growing need for interoperability, structured data, and semantic knowledge graphing across various sectors including healthcare, e-commerce, and manufacturing. Looking forward, the market is anticipated to witness continued growth, reaching $2.47 billion in 2028, with a CAGR of 13.5%. Expected drivers of growth in the forecast period include the increasing utilization of natural language processing and machine learning, rising demand for data integration and analytics, exponential growth in internet data volumes, growing traction of knowledge graphs for efficient knowledge base searches, advancements addressing data access and availability issues, evolving customer expectations, and the escalating demand for 5G technology in emerging economies. Noteworthy trends include technological advancements, innovative solutions, collaborative partnerships, and integration with complementary technologies.
Global Semantic Knowledge Graphing Market Key Driver
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, which is estimated to reach $xx billion in 2023, $xx billion in 2024, with a projected market size of $xx billion by 2028.
Get A Free Sample Of The Global Semantic Knowledge Graphing Market ReportGlobal Semantic Knowledge Graphing Market Segments
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
By Geography:The regions covered in the semantic knowledge graphing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the semantic knowledge graphing market in 2023. The regions covered in the semantic knowledge graphing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Semantic Knowledge Graphing Industry Players
Amazon.com Inc., Google LLC, Microsoft Corporation, Facebook Inc., The International Business Machines Corporation, Oracle Corporation, Mitsubishi Electric Corporation, SAP SE, Thales Group, Baidu Inc., LinkedIn Corporation, Wipro Limited, Yandex N.V., OpenLink Software, Neo4j, MarkLogic, Bitnine, Datavid, Ontotext, Stardog Union, TopQuadrant, GraphAware, Cambridge Semantics, Memgraph, Franz Inc.
Get The Full Global Semantic Knowledge Graphing Market ReportSemantic Knowledge Graphing Market Overview
Semantic knowledge graphing refers to the process of creating a visual representation of knowledge in a structured format, using semantic relationships between different concepts and entities. Semantic knowledge graphs are often used in various fields, such as artificial intelligence, data management, and information retrieval, to represent complex relationships between data entities in a meaningful way.
Semantic Knowledge Graphing Global Market Report 2023 provides data on the global semantic knowledge graphing market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The semantic knowledge graphing market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.