Global Data Lakes Market Size is estimated to expand rapidly in coming years, at a CAGR of 29.5 % from 2018 to 2025. In 2017, the global market valuation was USD 3.28 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. A data lake is a system or data stored in its natural or raw format. Data are not categorized when they are stored in the repository. The architecture of the data lake is a store-everything approach to big data. As a consequence, the preparation of information is eliminated. A data lake is, therefore, less organized than a standard data warehouse. Only then will they be categorized, organized or analyzed when the information is accessed. According to the region North America is expected to be the highest growing region in the global market of data lakes.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global data lakes market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global data lakes market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Component Type Insights: On the basis of component, global data lakes market has been segmented into software and services. Among which services segment is expected to grow at higher rate in the global market. Data lakes services in the services segment are expected to encounter the greatest demand owing to the increasing need for information lake software alternatives across organizations.

By Vertical Insights: On the basis of vertical, global data lakes market has been segmented into BFSI, retail, IT and telecommunication, and healthcare. Among which BFSI segment is expected to grow at a considerable rate in the forecast period. Data lakes services in the services segment are anticipated to witness the greatest demand owing to the increasing need for information lake software alternatives across organizations. Moreover, healthcare and science segment is expected to grow at a considerable rate in the forecast period due to the growing failure to properly store and handle information from multiple linked healthcare devices and health record devices used across healthcare organizations.

Regional Analysis

The data lakes market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; the Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In terms of region, North America is expected to witness high growth in the upcoming time span. Marketing, sales, operations, finance, and human resources are the major company functions for which the data lake is deployed. North America is considered as hub for advanced technology and countries in the region are early adopters of advanced technology. The adoption of data lakes in the region will fuel the global market due to the increasing need to store and manage the data. Countries in the North America region such as the US, Canada, and Mexico are expected to be the largest revenue generating countries in the forecast period.

Asia Pacific region is expected to witness high growth in the market in the forecast period. The acceptance of the data lakes market for activities is anticipated to boost considerably in the coming years due to the growing need to resolve operations associated problems in real-time and the need to streamline activities across sectors. Europe is anticipated to dominate the global data lakes market over the projected period majorly owing to increased adoption of IoT and smart technologies and numerous public projects such as smart cities across European nations including Germany, France, and The UK. Latin America and African market is expected to grow at a considerate rate in forecast period.

Global Data Lakes Market Size, Share Analysis by Region 2017

Global Data Lakes Market Study Objective

1. To forecast the market size of data lakes market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of data lakes market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have a major impact on the growth of data lakes market, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of data lakes market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the data lakes market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

Microsoft Corporation, Informatica Corporation, Teradata, Capgemini, EMC Corporation, Oracle Corporation, SAP SE, Hitachi, Atos, and SAS Institute are some of the key players in the market of data lakes.

Global Data Lakes Market Study Report Offer You!

The global data lakes market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.