The global semantic knowledge graphing market size is expected to reach USD 5,281.39 million by 2032, according to a new study by Polaris Market Research. The report “Semantic Knowledge Graphing Market Share, Size, Trends, Industry Analysis Report, By Data Source, By Knowledge Graph Type, By Task Type, By Application, By Organization Size, By Industry Vertical, By Region, And Segment Forecasts, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The need for efficient data management and advanced analytics capabilities drives the adoption of semantic technologies. Organizations can use semantic knowledge graphs to enhance their search engines, enabling more accurate and contextually relevant search results. Recommendation systems can also benefit from semantic technologies, providing personalized and tailored suggestions to users based on their preferences and behavior patterns. Furthermore, semantic technologies play a crucial role in natural language processing, allowing machines to understand and interpret human language more effectively. This has applications in various fields, such as virtual assistants, chatbots, and sentiment analysis.
In recent years, the market for semantic technologies has experienced steady growth as organizations increasingly recognize their value in effectively organizing and analyzing vast amounts of data. Semantic knowledge graphs have found application in various areas, including search engines, recommendation systems, and natural language processing.
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One prominent trend in the market is the rising adoption of graph database technologies. These databases are specifically designed to handle extensive, intricate, and interconnected datasets, making them an excellent choice for constructing semantic knowledge graphs. The increasing demand for knowledge graphs in artificial intelligence and machine learning applications is expected to drive market growth worldwide. AI and ML systems can generate more precise predictions and recommendations by harnessing structured data within a knowledge graph. This trend emphasizes the significance of graph database technologies in enabling advanced analytics and enhancing the capabilities of AI and ML systems.
There is an increasing emphasis on adopting knowledge graphs in key sectors like healthcare and finance. These industries leverage knowledge graphs to effectively integrate and analyze vast and intricate data from various sources, enhancing decision-making processes and fostering innovation. Additionally, the market is witnessing a trend toward promoting interoperability and standardization. Notably, established knowledge graphs standards like the Resource Description Framework (RDF) and the Web Ontology Language (OWL) are widely recognized and utilized, enabling seamless data sharing and reuse across diverse applications and systems.
China, Japan, & South Korea have displayed substantial investments in AI and big data technologies, which have played a pivotal role in accelerating the adoption of knowledge graphs in the region. This heightened interest is further fueled by recognizing knowledge graphs' potential applications in e-commerce and social media domains. These industries leverage knowledge graphs to enhance customer experiences, optimize recommendations, and extract valuable insights from vast data.
Semantic Knowledge Graphing Market Report Highlights
Polaris Market Research has segmented the semantic knowledge graphing market report based on data source, graph type, task type, application, organization size, application, and region:
Semantic Knowledge Graphing, Data Source Outlook (Revenue - USD Million, 2019 - 2032)
Semantic Knowledge Graphing, Graph Type Outlook (Revenue - USD Million, 2019 - 2032)
Semantic Knowledge Graphing, Task Type Outlook (Revenue - USD Million, 2019 - 2032)
Semantic Knowledge Graphing, Application Outlook (Revenue - USD Million, 2019 - 2032)
Semantic Knowledge Graphing, Vertical Outlook (Revenue-USD Million, 2019 - 2032)
Semantic Knowledge Graphing, Regional Outlook (Revenue - USD Million, 2019 - 2032)
Report Attributes |
Details |
Market size value in 2024 |
USD 1807.85 million |
Revenue Forecast in 2032 |
USD 5,281.39 million |
CAGR |
14.30% from 2024 – 2032 |
Base year |
2023 |
Historical data |
2019 – 2022 |
Forecast period |
2024 – 2032 |
Quantitative units |
Revenue in USD million and CAGR from 2024 to 2032 |
Segments Covered |
By Data Source, By Knowledge Graph, By Task Type, By Application, By Vertical, By Region |
Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
Key Companies |
Amazon.com, Baidu, Inc., Facebook, Google, Microsoft Corporation, Mitsubishi Electric Corporation, NELL, Semantic Web Company, YAGO, and Yandex |
For Specific Research Requirements |