Market Overview

The global data lakes market, according to a recent report by Market Research Future (MRFR), is expected to grow at a CAGR of approximately 28% during the forecast period 2017-2023.


Segmental Analysis

The global data lakes market is segmented based on the component, business function, organization size, deployment, and vertical. Based on the component, the market is segmented into software and service. The software segment is further classified into data discovery, data integration and management, data lakes analytics and data visualization. The service segment is also bifurcated into managed services and professional services. The professional services segment comprises of system integration & deployment data lakes services, and support & maintenance. Based on the business function, the data lakes market is segmented into operations, marketing, finance, sales, and human resources.

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Based on the organization size, the market for data lakes is bifurcated into SMEs and large enterprises. The growth is majorly accredited to small and medium enterprises where low-cost solutions are much required. Based on the deployment, the market is bifurcated into the cloud and on-premise. The cloud-based deployment sub-segment is expected to hold the largest market share of the data lakes market and is also expected to grow at the highest rate over the forecast period owing to the increasing implementation of cloud-based technologies across various industry verticals.While, based on the vertical, the market is segmented into healthcare, BFSI, manufacturing, media & entertainment, IT & telecommunication, energy & utilities, and others.

Regional Analysis

The global data lakes market is spanned across the Asia Pacific, North America, Europe, and the Rest of the World. North America is touted to account for the largest share of the market, whereas the Asia Pacific is projected to grow at the fastest rate during the forecast period. The expansion of the market in North America is attributed to technological advancements and increased adoption of cloud-based technologies across various industry verticals. he North America region holds the largest share of the Data Lake Market across the globe, followed by Europe and the Asia Pacific region. The U.S. and Canada are leading the North America market due to rising technological enhancements and the development of intelligent connected devices in the region. Moreover, the region has a well-established infrastructure, which allows for faster implementation of advanced technologies. Additionally, the growing adoption of the Internet of things and the rise in demand for business agility are significant factors driving the growth of the data lakes market in the region.

Competitive Analysis

Some of the market players in the global data lakes market are Microsoft Corporation (U.S.), Informatica (U.S.), Teradata Corporation (U.S.), Capgemini (France), EMC Corporation (U.S.), Oracle Corporation (U.S.), Zaloni (U.S.), Cloudera Inc. (U.S.), SAP SE (Germany), SAS Institute (U.S.), Hitachi (Japan) and ATOS SE (France) among others.

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