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Data Lake Market By Component (Solutions, Data Discovery, Data Integration and Management, Data Lake Analytics, Data Visualization, Services, Managed Services, Professional Services) By Deployment Mode (On-Premises, Cloud) By Organization Size (Large Enterprises, Small & Medium-Sized Enterprises (SMEs) - Growth, Future Prospects & Competitive Analysis, 2016 – 2028

About this report

The global data lake market report explores the critical analysis of the data lake industry using the key parameters. The report consists of investment strategies, the need for investments in the data lake industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the global technical regulations for the data lake industry and how economic and non-economic barriers are helping the data lake market grow. Moreover, the report analyzes the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses such as porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

REPORT ATTRIBUTE DETAILS

Data Lake Market by Volume

Yes

Data Lake Market by Value

Yes

Data Lake Market, Tornado Analysis

Yes

Data Lake Market, STAR Analysis

Yes

Data Lake Market, SRC Analysis

Yes

Data Lake Market, Import-Export Data

Yes (On Demand)

Data Lake Market Pricing Analysis

Yes (On Demand)

Data Lake Market Segment Analysis

·         By Component (Solutions and Services)

·         By Deployment Mode (On-Premises and Cloud)

·         By Organization Size (Large Enterprises and Small & Medium-Sized Enterprises (SMEs))

·         By Business Function (Marketing, Sales, Operations, Finance, and Human Resources)

·         By Industry Vertical (Banking, Financial Services & Insurance (BFSI), Telecommunication & Information Technology (IT), Retail & E-Commerce, Healthcare & Life Sciences, Manufacturing, Energy & Utilities, Media & Entertainment, Government, and Others)

Data Lake Market, Regional Analysis

·         North America (US and Canada)

·         Europe (Germany, UK, France, Italy, Spain, and Rest of Europe)

·         Asia Pacific (China, India, Japan, South Korea, South East Asia, and Rest of Asia Pacific)

·         Latin America (Brazil, Mexico, and Rest of Latin America)

·         Middle East and Africa (GCC Countries, South Africa, and Rest of Middle East and Africa)

Data Lake Market Key Companies

Microsoft, Oracle, Atos, Cloudera, AWS, IBM, Teradata, Temenos, Informatica, SAS Institute, HPE, Google, TCS, Zaloni and Koverse

Data Lake Market Competitive Landscape

·         Market Share Analysis

·         Competitive Benchmarking

·         Key Players Market Positioning

·         Geographical Presence Analysis

·         Major Strategies Adopted

Key Highlights of the report

How are the major segments performing in the data lake market?

  • In 2021, the solution segment accounted for the highest revenue share in the market due to the growing usage of data lakes in the IT, BFSI, and retail industries.
  • In 2021, the on-premise segment holds the highest share in the market owing to the increasing deployment in organizations where data centers and servers are used for performing operations.
  • In 2021, the telecommunications and information technology (IT) industry is predicted to develop at the fastest CAGR in the next few years, as data lake adoption assists IT organizations in finding a balance between speed, operational costs, and information quality.

Which region dominated the data lake market?

In 2021, North America held the highest share in the global data lake market. This growth can be ascribed to increased information data across the industries, rising data lake investments, and the growing adoption of big data technology in the industry.

What is the competitive environment of the data lake market?

The data lake industry's competitive environment provides information on the entire economic profit made by suppliers and businesses, the sales and revenues created in this sector, the data lake market share globally, the business organization summary, the introduction of new products, and the opportunities for the data lake market. For instance, in January 2020, Zaloni, Inc. has announced that the Zaloni Data Platform is now accessible through the Microsoft Azure Marketplace. Through this partnership, Zaloni, Inc. clients will have access to the Azure cloud computing platform.

Executive Summary

How data lakes become a trend in Industry 4.0?

Unstructured, semi-structured, structured, relational, and other data types can be collected using data lakes since they do not have specific structure, form, or composition requirements. Various sorts of equipment, including machines, IoT networks, sensors, and Wi-Fi access points, may all gather all these data at once. They are being kept in one location, unprocessed, unorganised, and unfiltered in their original, raw state. The gathered sets, however, can be altered without running the danger of compromising the data storage because data lake does not allow any set structure or schema. Additionally, since a variety of instruments may be utilised, data extraction is flexible. Therefore, if a certain data set is taken out of the lake for analysis, a raw duplicate of the same set is still kept in the cloud and is once again available and reachable if necessary. Companies involved in Industry 4.0 that are decentralised and centralised both benefit from data democratization. It creates a degree of confidence between the various departments and subunits and makes all organisational functions transparent. Additionally, the management maintains a constant perspective of the procedures based on objective, unaltered data. This enables the company's management to evaluate potential risks and establish data-driven, evidence-based plans.

Which are the key investments by the data lake market players?

Leading players operating in the data lake industry focus on providing effective data management using cloud services. Apart from this, players are concentrating on strategic mergers and acquisitions, collaborations and creating awareness among the businesses via various advertisement campaigns to help the manufacturers to promote the usage of data lake in the industry, which further helps to expand their customer base in global data lake market to gain a competitive edge.

Some major players in the data lake market are Microsoft, Oracle, Atos, Cloudera, AWS, IBM, Teradata, Temenos, Informatica, SAS Institute, HPE, Google, TCS, Zaloni and Koverse.

What are the major driving factors for the data lake market?

The rising need to extract in-depth insights from expanding amounts of data to achieve a competitive edge in the market, as well as easier access to corporate data from departmental silos, mainframe, and legacy systems, are some of the major drivers for the growth of global data lake market over the forecast period. Furthermore, a trend toward cloud-based data platforms to manage and mitigate data concerns is expected to create ample opportunities for the adoption of data lakes in the market. Data lakes help organisations improve their capabilities by delivering benefits such as coverage for all information sources, linear scalability, information accommodation at high speeds, high flexibility, and information silos eradication. Moreover, the increased usage of IoT is likely to boost market demand due to the proliferation of data. Various government efforts, such as the development of smart cities and the adoption of intelligent utility meters, would drive the growth of data lake industry.

What are the major risks for the data lake market?

The installation of data storage solutions and systems is relatively expensive. Also, budgetary constraints in small-scale enterprises can slow the market growth over the forecast period. Slow onboarding, expensive data upkeep costs, and the intricacies of legacy data will hamper the growth of data lake market. Moreover, lack of technical competence and awareness, particularly in developing nations, may pose challenges to the industry.

Which is the key application in the data lake market?

BFSI sectors are prime revenue contributor in the data lake market. Banks have started building data lakes to consolidate data from many areas into a centralized database. Banks are investing in data engineers to create more responsive data lakes to meet the needs of their customers, and they are also attempting to boost data utility for on-the-go solutions. Consumers' increased use of digital payments increased the quantity of data held with banks with each transaction. As a result, prospects for big-data analytics are expanding. The use of data lakes in the banking industry reduces the number of silos. Storing data in a centrally controlled infrastructure, such as an Apache Hadoop-based data lake architecture, reduces the number of information silos in a company and makes data available to users across the enterprise.

data-lake-market

How is the data lake market performing in regions?

North America dominated the global data lake industry with highest revenue share in 2021. The growth can be ascribed to expanding data quantities across businesses, more investments in data lakes, and increased usage of big data technology. On the other side, Asia Pacific is predicted to grow at significant CAGR during the forecast period. The growth is majorly attributed to increased investments by major technological firms in China, India, Australia, and Japan. Several additional factors, such as increasing digitalization and expanding prevalence of advanced big data analytics technologies, are expected to fuel the regional market.

What is the regulatory landscape for the data lake market?

With more digital data being recorded every day, new legislative regulations such as the General Data Protection Regulation (GDPR) and, more recently, the California Consumer Privacy Act have been implemented (CCPA). These privacy rules and guidelines attempt to protect customers from businesses that inappropriately gather, use, or disclose their personal information, altering how businesses handle and secure the consumer data they collect and retain.

What is the market size of data lake regarding value?

The global data lake market is anticipated to grow at a significant CAGR of 20.3% during the forecast period. The global data lake industry was estimated to be worth USD 9.3 billion in 2021 and was expected to be worth USD 28.1 billion by 2028.

What are the major players planning for the future of the data lake market?

Growing regional existence and investment in downstream applications are anticipated to deliver a competitive edge in the market. For instance, in August 2022, Cloudera, the hybrid data business, has launched Cloudera Data Platform (CDP) One, an all-in-one data lakehouse software as a service (SaaS) solution that allows self-service analytics and exploratory data science on any type of data. This launch will expand the product portfolio as well the customer base of the company. Also, for instance, in August 2022, Teradata has launched a pair of new products aimed at broadening its appeal to a new generation of consumers, including a new data lake dubbed VantageCloud Lake, which combines the workload management features of its namesake file system with the efficiency of cloud object storage.

Segmentation of Global Data Lake Market-

Global Profession speakers Market – By Component

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

Global Data Lake Market – By Deployment Mode

  • On-Premises
  • Cloud

Global Data Lake Market – By Organization Size

  • Large Enterprises
  • Small & Medium-Sized Enterprises (SMEs)

Global Data Lake Market – By Business Function

  • Marketing
  • Sales
  • Operations
  • Finance
  • Human Resources

Global Data Lake Market – By Industry Vertical

  • Banking, Financial Services and Insurance (BFSI)
  • Telecommunication & Information Technology (IT)
  • Retail & E-Commerce
  • Healthcare & Life Sciences
  • Manufacturing
  • Energy & Utilities
  • Media & Entertainment
  • Government
  • Others (Travel and Hospitality, Transportation and Logistics, and Education)

Global Data Lake Market – By Region

  • North America
    • USA
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Frequently asked questions about the global data lake market

The COVID-19 pandemic has positively affected the market owing to the large-scale adoption of cloud-based solutions.

North America accounted for the major global data lake market revenue.

The major drivers responsible for the market's growth include increasing demand for effective security solutions, rising trend of cloud-based data storage, and growing demand to derive insights from massive amounts of data.

The solution segment had a major share in the global market in 2021.

The cloud segment had a major share in the global market.

Data Lake Market Scope

Report Attribute Details
Market Value in 2021 USD 9.3 billion
Market Value in 2028 USD 28.1 billion
CAGR 20.3%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Published Date:  Oct 2022
Category:  Technology & Media
Report ID:   60760
Report Format:   PDF
Pages:   120
Rating:    4.4 (40)
Delivery Time: 24 Hours to 48 Hours   
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