The data lake global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Data Lake Market, 2024 report by The Business Research Company offers
comprehensive insights into the current state of the market and highlights
future growth opportunities.
Market Size -
The data lake market size has grown exponentially in recent years. It will grow
from $17.85 billion in 2023 to $21.79 billion in 2024 at a compound annual
growth rate (CAGR) of 22%. The growth in the historic period can be attributed
to growing data volumes, increasing variety of data sources, demand for
advanced analytics, regulatory compliance, cost-effective storage.
The data lake market size is expected to see exponential growth in the next few
years. It will grow to $47.49 billion in 2028 at a compound annual growth rate
(CAGR) of 21.5%. The growth in the forecast period can be attributed to
real-time data processing, AI and machine learning integration, enhanced data
governance, edge computing integration, industry-specific solutions. Major
trends in the forecast period include technological advancements, hybrid and
multi-cloud deployments, focus on data governance and security, data
monetization strategies, industry-specific data lake solutions.
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Scope Of Data Lake Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Data Lake Market Overview
Market Drivers -
A surge in the use of mobile and smart devices is expected to propel the growth
of the next-generation data lake market going forward. Smart devices refer to
electronic gadgets and parts that are connected to an intelligent system and
are meant to be placed next to, on, or inside an organism. A surge in the use
of mobile devices will increase the use of internet searches and social media,
which ultimately increases the amount of data generated, thus increasing the
demand for data storage to store this large amount of data. For instance, in
February 2023, according to Uswitch Limited, a UK-based financial conduct
authority, there were 71.8 million mobile connections in the UK at the
beginning of 2022, which is a rise of 3.8% from 2021 (about 2.6 million) and
4.2 million higher than the country's total population. And there will be 68.3
million people living in the UK by 2025, and 95% of them (or about 65 million
people) will be smartphone users. Therefore, the rising adoption of mobile and
smart devices is driving the growth of the data lake market.
Market Trends -
Major companies operating in the data lake market are concentrating on
innovative advancements such as singularity security datalake to address the
growing need for robust data security and governance. This security data lake
is a cloud-native security data platform designed to provide comprehensive
visibility, detection, and response capabilities across an organization's
security ecosystem. For instance, in April 2023, SentinelOne, Inc., a US-based
cybersecurity company, launched the singularity security data lake, a
cloud-native security data platform. It provides a comprehensive view of data
across security ecosystems, enabling organizations to quickly uncover threats
and respond to them in real time. Additionally, it offers several advanced
features, including a complete data view, active orchestration and automation,
data integration and fusion, AI-powered anomaly detection, cost-effective data
management, and federal agency accessibility, to help provide a powerful and
innovative solution for organizations looking to enhance their cybersecurity
capabilities.
The data lake market covered in this report is segmented –
1) By Type: Solution, Services
2) By Deployment: On-Premise, Cloud
3) By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises
(SMEs)
4) By Vertical: Information Technology, Banking, Finance Services And
Insurance, Retail, Healthcare, Media And Entertainment, Manufacturing, Other
Verticals
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Regional Insights -
North America was the largest region in the data lake market in 2023.
Asia-Pacific is expected to be the fastest-growing region in the forecast
period. The regions covered in the data lake market report are Asia-Pacific,
Western Europe, Eastern Europe, North America, South America, Middle East,
Africa.
Key Companies -
Major companies operating in the data lake market are Google LLC, Microsoft
Corporation, Dell Technologies Inc., Huawei Technologies Co. Ltd., Amazon Web
Services (AWS) Inc., International Business Machine Corporation, Cisco Systems
Inc., Oracle Corporation, SAP SE, NetApp Inc., Hitachi Vantara India Pvt. Ltd.,
Snowflake Inc., Teradata Corporation, Informatica LLC, Cloudera Inc., Talend
Inc., Databricks Inc., DataStax Inc., MarkLogic Corporation, MapR Technologies
India Pvt. Ltd., Qubole Inc., Zaloni Inc., Cazena Inc., BlueData Inc., Pivotal
Software Inc.
Table of Contents
1. Executive Summary
2. Data Lake Market Report Structure
3. Data Lake Market Trends And Strategies
4. Data Lake Market – Macro Economic Scenario
5. Data Lake Market Size And Growth
…..
27. Data Lake Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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