According to IMARC Group’s latest report, titled “Data Lakes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global data lakes market reached a value of US$ XX Billion in 2020. A data lake refers to a centralized software repository that stores unstructured and structured data from the Internet of Things (IoT) devices, mobile apps, business applications, social media, etc. It provides a framework for advanced real-time analytics and machine learning (ML), including Big Data processing, full-text search, structured query language (SQL) queries, etc., in a collaborative environment to uncover insights. Data lakes can be seamlessly integrated with operational stores and data warehouses to enable data science use-cases and diverse query capabilities for discovering new information models.
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The rising number of challenges faced by organizations regarding the management of large amounts of digital data is primarily driving the data lakes market across the globe. In line with this, the growing need to organize large volumes of diverse data from numerous sources while boosting productivity, maintaining devices, improving business growth, attracting customers, etc., is further catalyzing the market growth. Moreover, health agencies are increasingly investing in research and development (R&D) activities to confront the escalating risk of acute and chronic diseases, which is acting as another significant growth-inducing factor, owing to the large volumes of data involved in research processes. Besides this, the elevating utilization of data lakes in genomic research and design products for effective medication development and faster performance is augmenting the global market. Additionally, the inflating demand for combining customer data from a customer relationship management (CRM) platform with social media analytics to influence customer interactions and loyalty is expected to stimulate the data lakes market over the forecasted period. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Amazon Web Services Inc. (Amazon.com Inc)
- Atos SE
- Cloudera Inc.
- Dell Technologies Inc.
- Google LLC (Alphabet Inc.)
- Hewlett Packard Enterprise Development LP
- International Business Machines Corporation
- Microsoft Corporation
- Oracle Corporation
- SAP SE
- SAS Institute Inc.
- Snowflake Inc.
- Tata Consultancy Services Limited
- Teradata Corporation.
Breakup by Component:
- Data Discovery
- Data Integration and Management
- Data Lake Analytics
- Data Visualization
- Managed Services
- Professional Services
Breakup by Deployment Mode:
Breakup by Organization Size:
- Small and Medium-sized Enterprises
- Large Enterprises
Breakup by Business Function:
- Human Resources
Breakup by End Use Industry:
- IT and Telecom
- Retail and E-Commerce
- Healthcare and Life Sciences
- Energy and Utilities
- Media and Entertainment
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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