According to IMARC Group’s latest report, titled “Data Lakes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global market reached a value of US$ 7.4 Billion in 2021. Data lakes refer to a centralized repository system that enables users to store, process, and source excessive structured, semi-structured, and unstructured data at any scale. It includes dashboard, structured query language (SQL), profiling, data discovery, predictive analytics, and machine learning (ML). At present, it is differentiated based on its varying solutions and services.

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The integration of technologies in various verticals for managing excessive data from different sources instantly, along with the rapid growth in businesses, represents the key factor driving the market toward growth. Additionally, the increasing utilization of data lakes for retaining customers, proactively maintaining devices, effective decision-making and fueling productivity is contributing to the market growth. Apart from this, the escalating investments and fundings in research and development (R&D) activities for innovating upgraded data lakes solutions and the rising inclination of consumers toward data-driven decisions are creating a positive outlook for the market. Looking forward, IMARC Group expects the global data lakes market to reach US$ 30.2 Billion by 2027, exhibiting at a CAGR of 26.4% during 2022-2027.

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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
• Capgemini
• 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.

Market Segmentation:

Breakup by Component:

• Solutions
  • Data Discovery
  • Data Integration and Management
  • Data Lake Analytics
  • Data Visualization
• Services
  • Managed Services
  • Professional Services

Breakup by Deployment Mode:

• On-premises
• Cloud-based

Breakup by Organization Size:

• Small and Medium-sized Enterprises
• Large Enterprises

Breakup by Business Function:

• Marketing
• Sales
• Operations
• Finance
• Human Resources

Breakup by End Use Industry:

• BFSI
• IT and Telecom
• Retail and E-Commerce
• Healthcare and Life Sciences
• Manufacturing
• Energy and Utilities
• Media and Entertainment
• Government
• Others

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 (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• 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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