Data Lakes have become an economical option for many companies rather than an option for data warehousing. Data warehousing involves additional computing of data before entering the warehouse, unlike Data Lakes. The cost of maintaining a data Lake is lower than maintaining a data Lake owing to the number of operations involved in building the database for warehouses.
Global data lakes market was valued at US$ 3.24 billion in 2019 and is expected to reach a value of US$ +14.01 billion by 2027 at a CAGR of +27.4%, over the forecast period of 2018-2027.
In the new research report, titled Global Data Lakes Market the report highlights the important trends and dynamics affecting the growth of the market, including the limitations, drivers, and opportunities. A number of research tools such as Porter’s five forces analysis and SWOT analysis have been exercised to provide a precise understanding of this market.
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Top Key Players Covered in Data Lakes Market:
Microsoft Corporation, Amazon.com Inc., Capgemini SE, Oracle Corporation, Teradata Corporation, SAP SE, IBM Corporation, Solix Technologies Inc., Informatica Corporation, Dell EMC, Enterprise Data Lakes, Hitachi Data Systems, and Cazena Inc.
The North America region holds the largest share of the market across the globe followed by Europe, and Asia Pacific region. The U.S. and Canada are dominating the North America market due to rising technological enhancements and proliferation of intelligent connected devices in the region. Moreover, the region has a well-established infrastructure, which allows faster implementation of advanced technologies. Additionally, the growing adoption of Internet of things and rise in demand for business agility are major factors driving the growth of the data lakes market in the region.
The data lakes market research report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Data Lakes Market segment by Type,
- Data Discovery
- Data Integration and Management
- Data Lakes Analytics
- Data Visualization
Data Lakes Market segment by Application,
- Telecommunication & IT
- Retail & ecommerce
- Healthcare & Life Sciences
- Energy & Utilities
- Media & Entertainment
Industry outlook has been provided by illustrating some significant strategies adopted by them. The global data lakes market has been analyzed through industry analysis techniques such as SWOT and Porter’s five-technique. The notable feature of this research report is, it offers proper insights into the businesses by explaining drivers, restraints, and opportunities in front of the businesses.
In This Study, The Years Considered To Estimate The Size Of Data Lakes Market Are As Follows:
- History Year: 2015-2018
- Base Year: 2018
- Estimated Year: 2019
- Forecast Year 2019 to 2027
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