Data Lake Market Size, Share, Industry & Opportunities [2031]
Data Lake Market Size, Share, Industry & Opportunities [2031]
Segments - Data Lake Market by Types (Solutions and Services), Deployments (On-premise and Cloud), Verticals (IT, BFSI, Retail, Healthcare, Media and Entertainment, Manufacturing, and Others [Government, Hospitality, Education, and Others]), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :ICT-SE-3716
| 4.8 Rating
| 62 Reviews
| 176 Pages
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Report Description
The global data lake market size was valued at USD 11.05 Billion in 2022 and is anticipated to reach USD 59.63 Billion by 2031, expanding at a CAGR of 20.6% during the forecast period, 2023 – 2031. The growth of the market is attributed to increasing number of online payments and rising number of process information in banks across the globe.
The information kept in the data art can be heterogeneous data that is used by data scientists and data analysts. Data can provide business robust decision power. Various industries are utilizing millions sets of data to improve the product and cater to the customers’ requirements.
Data Lake Market Trends, Drivers, Restraints, and Opportunities
- The complication in deployment of data sets in departmental silos, mainframe, and legacy systems is estimated to propel the growth of the market.
- Rising requirement to take out in-depth insights from humongous data to increase competitive advantage is expected to fuel the market growth during the forecast period.
- Growing deployment of cloud-based data platforms to manage and reduce data issues is one of the key drivers of the market.
- Unavailability of annotation in data lake can impede the market growth.
- Increasing adoption of advanced technologies such as AI is spurring the market growth in the coming years.
Scope of Data Lake Market Report
The report on the global data lake market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Data Lake market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Type (Solutions and Services), Deployments (On-premise and Cloud), and Verticals (IT, BFSI, Retail, Healthcare, Media and Entertainment, Manufacturing, and Others [Government, Hospitality, Education, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Amazon Web Services, Inc., Cloudera, Inc.; Dremio Corporation; Informatica Corporation; Microsoft Corporation; Oracle Corporation; SAS Institute Inc.; Snowflake Inc.; Teradata Corporation; and Zaloni, Inc. |
Data lake Market Segment Insights
Services segment is expected to grow at a rapid pace
Based on types, the market is divided into solutions and services. The services segment is expected to expand at a robust CAGR during the forecast period due to rising amount of computing of data lakes in sectors such as BFSI, IT and retail. Moreover, rising number of fintech players are adopting data lake services to expand their market share.
Cloud segment is projected to expand at a considerable CAGR
On the basis of deployment, the data lake market is segregated into on-premise and cloud. The cloud segment is projected to expand at a considerable CAGR during the forecast period due to increasing adoption of data lake cloud solutions in the healthcare sector for profitable workable insights and increasing self-restraint experience. On the other hand, the on-premise segment is anticipated to hold a significant market share in the coming years.
IT segment is expected to account for a major market share
In terms of verticals, the globa; data lake market is divided into IT, BFSI, retail, healthcare, media and entertainment, manufacturing, and others. The others segment is fragmented into government, hospitality, education, and others.
The IT segment is expected to grow at a rapid pace during the forecast period, as data lake application helps the IT companies to maintain a balance between costs of operations, speed, and quality of information. However, the BFSI segment is anticipated to hold a key share of the market in the coming years the healthcare segment is anticipated to exhibit a remarkable CAGR during the forecast period.
Regional Analysis
In terms of regions, the global data lake market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period Increasing volume of data and investments across various industries and rising adoption of big data technologies are some of the major factors fueling the regional market growth. However, the market in Asia Pacific is expected to grow at a healthy CAGR during the forecast period.
Segments
The Global data lake market has been segmented on the basis of
Types
- Solutions
- Services
Deployments
- On-premise
- Cloud
Verticals
- IT
- BFSI
- Retail
- Healthcare
- Media and Entertainment
- Manufacturing
- Others
- Government
- Hospitality
- Education
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Amazon Web Services, Inc.
- Cloudera, Inc.
- Dremio Corporation
- Informatica Corporation
- Microsoft Corporation
- Oracle Corporation
- SAS Institute Inc.
- Snowflake Inc.
- Teradata Corporation.
- Zaloni, Inc.
Competitive Landscape
Key players competing in the Global data lake market share are Amazon Web Services, Inc., Cloudera, Inc.; Dremio Corporation; Informatica Corporation; Microsoft Corporation; Oracle Corporation; SAS Institute Inc.; Snowflake Inc.; Teradata Corporation; and Zaloni, Inc. Companies are engaging in partnerships, collaborations, and mergers to expand their market share.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Data Lake Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Data Lake Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Data Lake Market - Supply Chain
4.5. Global Data Lake Market Forecast
4.5.1. Data Lake Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Data Lake Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Data Lake Market Absolute $ Opportunity
5. Global Data Lake Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Data Lake Market Size and Volume Forecast by Types
5.3.1. Solutions
5.3.2. Services
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Data Lake Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Data Lake Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Data Lake Demand Share Forecast, 2019-2026
7. North America Data Lake Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Data Lake Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Data Lake Market Size and Volume Forecast by Types
7.4.1. Solutions
7.4.2. Services
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Data Lake Demand Share Forecast, 2019-2026
8. Latin America Data Lake Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Data Lake Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Data Lake Market Size and Volume Forecast by Types
8.4.1. Solutions
8.4.2. Services
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Data Lake Demand Share Forecast, 2019-2026
9. Europe Data Lake Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Data Lake Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Data Lake Market Size and Volume Forecast by Types
9.4.1. Solutions
9.4.2. Services
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Data Lake Demand Share Forecast, 2019-2026
10. Asia Pacific Data Lake Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Data Lake Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Data Lake Market Size and Volume Forecast by Types
10.4.1. Solutions
10.4.2. Services
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Data Lake Demand Share Forecast, 2019-2026
11. Middle East & Africa Data Lake Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Data Lake Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Data Lake Market Size and Volume Forecast by Types
11.4.1. Solutions
11.4.2. Services
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Data Lake Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Data Lake Market: Market Share Analysis
12.2. Data Lake Distributors and Customers
12.3. Data Lake Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Amazon Web Services, Inc.
12.4.2. Cloudera, Inc.
12.4.3. Dremio Corporation
12.4.4. Informatica Corporation
12.4.5. Microsoft Corporation
12.4.6. Oracle Corporation
12.4.7. SAS Institute Inc.
Methodology
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