Data Lakes Market Expected Size US$ 30.2 Billion by 2027, Growth Rate (CAGR) of 26.4%
According to IMARC Group’s latest report, titled “Data Lakes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global data lakes market size reached a value of US$ 7.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 30.2 Billion by 2027, exhibiting at a CAGR of 26.4% during 2022-2027.
A data lake refers to a centralized repository that is constructed to store, process, and secure large amounts of structured, semi-structured, and unstructured data. It stores data in its natural format and processes any form of it, disregarding size limits. It offers a framework for advanced real-time analytics and machine learning (ML), which comprises visualizations, dashboards, big data processing, full-text search, and structured query language (SQL) queries, in a collective environment to expose insights.
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Data Lakes Market Trends:
The increasing usage of IoT in several spaces has escalated the demand for data lakes for efficient and quick manipulation of data generated by connected devices. Apart from this, the growing initiatives by governments across the globe, such as building smart cities, are also bolstering the market growth. In addition, enterprises are also utilizing solutions based on big data, along with stream processing to enhance and maintain data lakes, which is further driving the market growth.
Moreover, the growing inclination of businesses toward data-driven decisions is increasing the growth of the market. Additionally, rapid digitalization is producing a huge amount of data for organizations, which is expected to aid the market growth during the forecast period.
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Note: The Report offers a comprehensive analysis of the industry, which comprises insights on the global market statistics. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- Amazon Web Services Inc. (Amazon.com Inc)
- Atos SE
- Capgemini
- Cloudera Inc.
- Dell Technologies Inc.
- Google LLC (Alphabet Inc.)
- Hewlett Packard Enterprise Development LP
- International Business Machines Corporation
- Microsoft Corporation
- Oracle Corporation
- SAP SE
- SAS Institute Inc.
- Snowflake Inc.
- Tata Consultancy Services Limited
- Teradata Corporation.
Key Market Segmentation:
The report has categorized the market based on component, deployment mode, organization size, business function and end use industry.
Breakup by Component:
- Solutions
- Data Discovery
- Data Integration and Management
- Data Lake Analytics
- Data Visualization
- Services
- Managed Services
- Professional Services
Breakup by Deployment Mode:
- On-premises
- Cloud-based
Breakup by Organization Size:
- Small and Medium-sized Enterprises
- Large Enterprises
Breakup by Business Function:
- Marketing
- Sales
- Operations
- Finance
- Human Resources
Breakup by End Use Industry:
- BFSI
- IT and Telecom
- Retail and E-Commerce
- Healthcare and Life Sciences
- Manufacturing
- Energy and Utilities
- Media and Entertainment
- Government
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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