Data Lakes Market Size And Forecast
Data Lakes Market size was valued at USD 9.04 Billion in 2020 and is projected to reach USD 41 Billion by 2028, growing at a CAGR of 21% from 2021 to 2028.
The rising data volume in many organizations has surged the demand for data lakes in the market. Data lakes provide an excellent opportunity to draw in-depth insights from a huge data volume and therefore raising its demand. Moreover, data lakes provide an advantage over data warehouses as data can be retrieved at a much faster pace using data lakes. This will foster market growth. The Global Data Lakes Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Data Lakes Market Definition
Data Lake is a sort of data storehouse that allows storing entire structured, semi-structured, and unstructured data in its native form. It acts as a cost-effective option to store an entire pool of data of an organization for later processing and thus enhance its operations. Data lake differs from a data warehouse. Data warehouses can store filtered data that has already been processed, whereas a data lake can only store a vast pool of raw data.
Get | Download Sample Report @ https://www.verifiedmarketresearch.com/download-sample?rid=24689&utm_source=Free&utm_medium=004
Global Data Lakes Market Definition
Data Lake is a sort of data storehouse that allows storing entire structured, semi-structured, and unstructured data in its native form. It acts as a cost-effective option to store an entire pool of data of an organization for later processing and thus enhance its operations. Data lake differs from a data warehouse. Data warehouses can store filtered data that has already been processed, whereas a data lake can only store a vast pool of raw data.
Data Lakes Market, By Component
- Data Lake Analytics
- Data Discovery
- Data Visualization
- Services
Based on Component, The market is bifurcated into Data Lake Analytics, Data Discovery, Data Visualization, and Services. The Data Lake Analytics component segment holds the largest market share. The factors can be attributed to owing to the increased application of data lakes in the IT, BFSI, and retail sectors. The data lake solutions assist the IT operation in analyzing unstructured and structured information and capturing relevant insights. The data lake solution provides a central repository for all types of information, wherein business users can easily access the stored information, generate analytics, and gain insights. This factor has fostered the acceptance of the data lake analytics component segment.
Data Lakes Market, By End-User Industry
- Banking, Financial Services, and Insurance
- IT
- Healthcare and Life Sciences
- Retail and Ecommerce
- Others
Ask For Report Details @ https://www.verifiedmarketresearch.com/product/data-lakes-market/?utm_source=Free&utm_medium=004
Based on End-User Industry, The market is bifurcated into Banking, Financial Services, and Insurance, IT, Healthcare and Life Sciences, Retail and Ecommerce, and Others. The information technology (IT) segment is estimated to witness the highest CAGR for the forecast period. The factors that can be attributed to the data lake implementation helping the IT companies in achieving a balance between speed, costs of operations, and quality of information are fueling the demand for this segment.
Data Lakes Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the basis of Regional Analysis, The Global Data Lakes Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America holds the largest market share and Asia-Pacific is projected to grow at the highest growth rate during the forecast period. In North America factors can be attributed to the increasing use of big data technology, the growing amount of data across industry verticals, and rising investments by companies in data lake solutions. The factors such as the increasing generation of data, such as clickstream data, server logs, subscriber data, customer relationship management (CRM), and enterprise resource planning (ERP) will boost the market in this region.
Key Players
The “Global Data Lakes Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as SAS Institute, Atos, Amazon Web Services, Oracle, IBM, Cloudera, and Cazena.
For More Information @ https://www.verifiedmarketresearch.com/download-sample?rid=24689&utm_source=Free&utm_medium=004
About us –
Verified Market Research is a leading Global Research and Consulting firm that has been providing advanced analytical research solutions, custom consulting and in-depth data analysis for 10+ years to individuals and companies alike that are looking for accurate, reliable and up to date research data and technical consulting. VMR offers insights into strategic and growth analyses, Data necessary to achieve corporate goals and help make critical revenue decisions.
Our research studies help our clients make superior data-driven decisions, understand market forecasts, capitalize on future opportunities and optimize efficiency by working as their partner to deliver accurate and valuable information. The industries we cover span over a large spectrum including Technology, Chemicals, Manufacturing, Energy, Food and Beverages, Automotive, Robotics, Packaging, Construction, Mining & Gas. Etc.
We, at Verified Market Research assist in understanding holistic market indicating factors and most current and future market trends. Our analysts, with their high expertise in data gathering and governance, utilize industry techniques to collate and examine data at all stages. They are trained to combine modern data collection techniques, superior research methodology, subject expertise and years of collective experience to produce informative and accurate research.
Having serviced over 5000+ clients, we have provided reliable market research services to more than 100 Global Fortune 500 companies such as Amazon, Dell, IBM, Shell, Exxon Mobil, General Electric, Siemens, Microsoft, Sony and Hitachi. We have co-consulted with some of the world’s leading consulting firms like McKinsey & Company, Boston Consulting Group, Bain and Company for custom research and consulting projects for businesses worldwide.
Contact us:
Mr. Edwyne Fernandes
Verified Market Research
US: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll-Free: +1 (800)-782-1768
Website:-https://www.verifiedmarketresearch.com/
Email: sales@verifiedmarketresearch.com
Try Our New Dashboard :-https://www.verifiedmarketresearch.com/dashboard/?utm_source=Free&utm_medium=004
