Data Lakes market size is expected to grow at 29.5% throughout the forecast period, reaching nearly US$ 37.90 Billion by 2029.
Data Lakes Market
Market Overview
Data Lakes Market intelligence report published by Global Market Intelligence firm, Maximize Market Research, indicates the lucrative growth for Data Lakes Market suppliers in the forecast period through 2029. The Maximize Market Research, an Data Lakes market research firm, has served more than 600 clients across the world since 2017.
The report covers all the dynamics, technologies and trends playing a major role in the growth of the data lake market over the forecast period. A large amount of data is being created on digital info platforms daily. According to IBM Corporation, 2.5 quintillion bytes of data are generated each day. These explosive amounts of data create the essential for efficient data storage systems. Data Lake also aids to enhance business agility as this storage model supports many distributions and workloads of varied sizes and types. This allows the data scientist to centralize huge data from several applications in the one logical storage pool. It has different types of data like, audio, video, databases and files.
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Market Scope
In the Data Lakes market report, the forecast period is considered from 2021 to 2029, and 2021 is a based year. 2020 market size in terms of value and volume is estimated on real numbers and outputs of the prominent players across the globe. The year 2020 is an exception and is analyzed specifically with the impact of the region.
The report includes an in-depth analysis of the Data Lakes market, as well as market segmentation. The report includes a regional analysis of market dynamics, which assists readers in comparing past trends to current market scenarios, as well as the contributions of key players.
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Segmentation
By industry vertical, the Banking, Financial Services and Insurance (BFSI) segment was valued at USD Mn. in 2021 and is expected to reach USD Mn. by 2029 at a CAGR of during the forecast period. BFSI vertical is dominating over the forecast period thanks to the rising need for information lake software alternatives across organizations.
Regional analysis is another highly comprehensive part of the research and analysis study of the global market for Data Lake presented in the report. North America region holds the largest xx% share of the market across the world followed by Europe, and APAC. The Canada and U.S are dominating the North America data lake market owing to expanding technological enhancements and proliferation of intelligent connected devices in the region.
The report also helps in understanding Global Data Lakes Market dynamics, structure by analyzing the market segments and projects the Global Data Lakes Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Data Lakes Market make the report investor’s guide.
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Key Players
• Microsoft
• AWS
• IBM
• Oracle
• Cloudera
• Sas Institute
• Informatica
• Teradata
• TCS
• ATOS
• HPE
• Cazena
• Zaloni
• Temenos
• Google
• Dremio
• Exacaster
• Koverse
• Upsolver
Regional Analysis
The report on the Data Lakes market gives a detailed analysis, which is divided into regions. The research includes an evaluation of regional and local market participants operating in the target market, as well as findings in the target market. On a regional and global basis, the study evaluates the market in North America, Latin America, Europe, Asia Pacific (APAC), Africa, and the Middle East. Each region market is researched in depth, for the discovery of regional Data Lakes market trends, constraints, and growth potential.
Key Questions answered in the Data Lakes Market Report are:
Key offerings:
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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Mar 07, 2023