Data Lake Market is valued at approximately USD $$billion in 2021 and is anticipated to grow with a healthy growth rate of more than $$% over the forecast period 2022-2029. Systems called data lakes are used to store information in its unprocessed state. It serves as a central hub for enormous amounts of conveniently accessible data. Unstructured data used by data analysts and data scientists can be stored in a data lake, while structured data is frequently used by the aviation and automobile industries. The major driving factors for the market are the rising usage of IoT devices and the rise in the number of digital payments. Along with this, the deployment of smart cities is creating a lucrative growth opportunity for the market over the forecast period.
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According to Statista, Short range technologies such as WiFi and Bluetooth enable 5.7 billion Internet of Things (IoT) connected devices worldwide in 2019. In 2019, 1.2 billion IoT connections were made on public networks such as cellular networks. By 2030, there are expected to be 24.1 billion linked IoT devices, up from 7.6 billion in 2019. However, the high cost of Data Lake stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Data Lake Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Over the course of the forecast, North America is anticipated to hold the biggest market share. The share can be ascribed to increased information quantities across industries, rising data lake investments, and expanding use of big data technology. A COVID-19 data lake was created by C3 ai, Inc., a U.S.-based AI startup, in March 2020. A uniform and open dataset will be stored in this one location and made available to researchers worldwide starting in mid-April 2020. The forecast period is expected to have the highest CAGR in the Asia Pacific. The expansion is attributable to rising investments from significant technological firms in China, Australia, India, and Japan. Additionally, a number of additional elements, such as advancing big data analytics technologies and growing digitization, are projected to propel the market in the area.
Major market players included in this report are:
Amazon Web Services, Inc
Cloudera, Inc.
Dremio Corporation
Informatica Corporation
Microsoft Corporation
Oracle Corporation
SAS Institute Inc.
Snowflake Inc.
Teradata Corporation
Zaloni, Inc.
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Recent Developments in the Market:
The U.S.-based company Zaloni, Inc. announced in January 2020 that the Zaloni Data Platform was now available in the Microsoft Azure Marketplace. Through this partnership, Zaloni, Inc.’s clients will have access to the Azure cloud computing platform.
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Type, Deployment, Vertical, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Type offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type:
Solution
Services
By Deployment:
On-premise
Cloud
By Vertical:
IT
BFSI
Retail
Healthcare
Media and Entertainment
Manufacturing
Others (government, hospitality, education, others)
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Market Overview:
- Provides a general introduction to the market, including its size, growth rate, and key characteristics.
- This section may also include information on market segmentation, such as by product type, application, or geography.
Industry Trends and Drivers:
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- It may include technological advancements, regulatory changes, consumer preferences, or economic factors that impact the industry.
Market Analysis:
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- This section may include information on market share, market concentration, and competitive strategies of key players.
Market Segmentation:
- Divides the market into distinct segments based on criteria such as product type, application, end-user, or geography.
- This analysis helps identify specific market opportunities and target audiences.
Market Size and Forecast:
- Presents the current market size and estimates future market growth over a specified period.
- -This section may include historical data, market projections, and growth rates for different segments.
Competitive Analysis:
- Assesses the competitive landscape of the market, including the profiles of major players, their market share, and strategies.
- It may also include SWOT analysis (strengths, weaknesses, opportunities, threats) of key competitors.
Market Opportunities and Challenges:
- Identifies potential growth opportunities and challenges in the market. This section may highlight emerging market segments, untapped regions, or technological advancements that can drive market expansion.
- It may also address barriers to entry, regulatory hurdles, or competitive threats.
Consumer Insights:
- Provides an understanding of consumer behavior, preferences, and buying patterns related to the market.
- This section may include survey data, consumer demographics, and customer feedback.
Future Outlook and Recommendations:
- Offers insights into the future prospects of the market and provides recommendations for businesses or stakeholders.
- This section may suggest strategies for market entry, product development, marketing, or investment decisions.
Appendix:
- Includes additional data, charts, tables, or references that support the analysis presented in the report.
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