Data lake industry to grow $73.4 billion by 2024
- 1. Data Lake Market worth $20.1 billion by 2024
- 2. Scope of The Report By component The research report categorizes the Data Lake Market to forecast the revenues and analyse the trends in each of the following subsegments: • Solutions o Data Discovery o Data Integration and Management o Data Lake Analytics o Data Visualization • Services o Managed Services o Professional Services By business function • Marketing • Sales • Operations • Finance • Human Resources And More… By deployment mode • On-premises • Cloud
- 3. Key Segments By organization size, large enterprises and Small and Medium-Sized Enterpr ises (SMEs) are the 2 main segments where data lake solutions are used. The data lake market is segmented by business function into marketing, sale s, operations, finance, and human resources. The operations business functi on is expected to grow at the highest CAGR during the forecast period. Data lake enable companies to increase operational efficiencies and reduce costs. A shift toward cloud-based data platforms to manage and mitigate data issue s is further expected to offer opportunities for the increased adoption of data l ake solutions. 1 2 3 4 5 Companies prefer to adopt cloud-based data lake solutions, as these solutions support t heir regional, cross-regional, or cross-country data recovery strategies. This enables or ganizations to ensure resiliency in case of a disaster. The global data lake market size is expected to grow from USD 7.9 billion in 2019 to USD 20.1 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 20.6% dur ing the forecast period.
- 4. Market Growth Rate 2019 2024 Market Size of $ 7.9 billion Market Size of $ 20.1 billion20.6% CAGR
- 5. Key Vendors • Microsoft (US) • Teradata (US) • Oracle (US) • Cloudera (US) • AWS (US) • And More Major Players View Report Here - https://www.marketsandmarkets.com/Market-Reports/ data-lakes-market-213787749.html
- 6. Major Regions • North America • Europe • APAC • MEA • Latin America North America is expected to hold the largest market share. Asia Pacific (APAC) is expected to pr ovide opportunities for debt collectio n software providers and grow at the highest CAGR
- 7. • What are the current trends driving the data lake market? • In which vertical are most industrial companies deploying data lake solutions? • Where will recent developments of market vendors take the industry in the mid- to long-term? • Who are the top vendors in the market, and what is their competitive analysis? • What are the drivers and challenges faced by vendors in the market? Key Questions Addressed by the Report:
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