Global Data Lakes Market Stood to Be US$ 2511.65 Million By 2018 And Is Expected to Reach US$ 37901.32 Mn by 2027 Growing at A CAGR of 35.2% Over the Forecast Period, As It Offers Higher Flexibility to Store Data at A Relatively Low Cost
Global Data Lakes Markets 2019 Global Industry Research Report provides market size, industry growth, share, development trends, investment plans, business ideas and forecasts by 2025. Scenarios and useful business decisions. The report includes a first-hand study of subjective comprehensive research and quantitative perspectives of key family pioneers for an in-depth understanding of other industry experts, markets and industry practices. The report provides a reasonable picture of the current market situation, including true and expected market estimates in terms of respect and volume of trade, technological advances, macroeconomic and governance factors.
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Nowadays, consumers are producing large amounts of data through devices connected via internet. This data is crucial for businesses to deliver insights in an efficient and timely manner. Hence, enterprises need to manage multiple data types, coming from a wide variety of sources. They need a data storage and analytics solution that offers more agility and flexibility than traditional data management systems while not creating a burden cost-wise.
Some of the significant players functioning in the fragmented Global Global Data Lakes Market include Amazon Web Services, Inc, Capgemini, Datalake Solutions, Dell Inc., Eworks, Google Inc., Huawei Software Technologies Co., Ltd, IBM, Infosys Limited, KPI Partners, Microsoft, SAP SE, Search Technologies, Tata Consultancy Services Limited, US-Analytics, Zaloni and among others.
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- In terms of revenue, global data lakes market is expected to reach US$ 37901.32 million by 2027 owing to the increasing demand for cost & time efficient data storage and retrieval solutions for businesses across all industries.
- Among the deployment types, cloud-based solutions are expected to grow at a higher CAGR over the forecast period as they provide flexibility, scalability and aid in improving performance & services quality at a lower upfront cost.
- Banking, financial services and insurance (BFSI) sector held the largest market share in 2018 owing to need for unified data in the customer information intensive and highly regulated environment.
- Asia Pacific region is expected to witness the highest growth over the forecast period owing to increasing social media usage, demand for smartphones, large population and increased investment from global companies in the region.
- Some of the players operating in the data lakes market are Amazon Web Services, Inc, Capgemini, Datalake Solutions, Dell Inc., Eworks, Google Inc., Huawei Software Technologies Co., Ltd, IBM, Infosys Limited, KPI Partners, Microsoft, SAP SE, Search Technologies, Tata Consultancy Services Limited, US-Analytics, Zaloni and among others.
Global Data Lakes Market
Data lakes market By Offering
- System infrastructure assessment
- Security & Governance Strategy
- Front-end Integration
- Testing & Support
- Consulting Services
Data lakes market By Tool
- Artificial Intelligence
- Machine Learning
- Business Intelligence
- Hadoop & MPP Migration
By Organization Size
- Small and Medium Enterprises
- Large Enterprises
By End Users
- Data Scientists
- Data Developers
- Business Analysts
Data Lakes Market by Industry Verticals
- Banking, Financial Services and Insurance
- IT & telecom
- Media & Entertainment
- Facility & Maintenance
- Retail & E-Commerce
- Logistics & Transportation
- Oil & Gas
- Others (Hospitality & Travel, etc.)
- North America
- Rest of North America
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
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The cost analysis of Global Data Lakes Market was made considering manufacturing costs, labor costs, raw material and market concentration, suppliers and pricing trends. Other factors such as supply chain, downstream buyers and sourcing strategies have been evaluated to provide a complete and in-depth view of the market. Report buyers will be exposed to market positioning studies in consideration of target audience, Global Data Lakes and strategy, and pricing strategy.
As a result of collecting and researching all information using SWOT analysis, there is a vivid picture of the competitive environment in the Global Data Lakes Market. Openings for future market development have been revealed, and likewise have taken the competitive advantage. The drift and propensity of this market has been taken into account, which shows that the strategic direction is good. Understand the market base and understand the market data using the standards, methodologies and other driving market trends determined for reference.
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