The Knowledge Graph can be defined as a collection of interlinked descriptions of entities – real-world objects, events, situations, or an abstract concept that is used to improve the search engine's output with information gathered from a variety of sources. Semantic Knowledge Graph market aims at extracting and presenting the knowledge of a specific domain automatically from a group of documents representative of that domain.This growth is primarily driven by Maximum Data Availability on Search Engines and High Demand for Personalised Information.
Globally, a noticeable market trend is evident Availability of Advance Knowledge Graph Platforms. Major Players, such as Microsoft Corporation (United States), LinkedIn Corporation (United States), Google LLC (United States), Yandex (Russia), metaphacts GmbH (Germany), Franz (United States), Semantic Web Company (Austria), Stardog Union (United States), Grakn Labs (United Kingdom) and Baidu Inc. (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In July 2020, Ontotext (OT) and Semantic Web Company (SWC) announced a strategic partnership. Together, the companies will be able to meet the highest requirements of enterprise architects such as deployment, monitoring, resilience, and interoperability with other enterprise IT systems and security.
In May 2020, Franz Inc. announced AllegroGraph 7, a breakthrough solution that allows infinite data integration through a patented approach unifying all data and siloed knowledge into an Entity-Event Knowledge Graph solution that can support massive big data analytics., and In Dec2019, Ontotext Platform 3.0 features GraphQL interfaces to make it easier for application developers to access knowledge graphs without tedious development of back-end APIs or complex SPARQL.
- Maximum Data Availability on Search Engines
- High Demand for Personalised Information
- Availability of Advance Knowledge Graph Platforms
- Semantic Knowledge Graphing is not Evolving Anywhere near as Rapidly as Required
Increasing Number of Internet Users and Introduction of 5G Technology in Emerging Economies and Rising Adoption From Various End-User Industry
Generation of Large Knowledge Base from Voluminous Data and Critical Process of Development of Semantic Knowledge Graphing Platform
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