Global Data Lake Market Size to Grow from USD 7.9 Billion in 2019 to USD 20.1 Billion in 2025 with a CAGR of 20.6% - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Data Lake Market by Component, Deployment Mode, Organization Size, Business Function (Marketing, Operations, and Human Resources), Industry Vertical (BFSI, Healthcare and Life Sciences, Manufacturing), and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The global data lake market size is projected 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% during the forecast period.

The major growth factors of the data lake market include the increasing need to extract in-depth insights from growing volumes of data to gain a competitive advantage, and simplified access to organizational data from departmental silos, mainframe, and legacy systems.

Services segment to grow at a higher CAGR during the forecast period

Solutions and services are the 2 primary components available in the data lake market. The services segment, which covers managed and professional services, is expected to grow at a rapid pace during the forecast period. Increasing deployment of data lake software solutions leads to the increasing the demand for pre- and post-deployment services, as these solutions require training due to technical complexities, thus driving the growth of the segment.

Healthcare and life sciences vertical to grow at the highest CAGR during the forecast period

The data lake market by vertical has been segmented into Banking, Financial Services and Insurance (BFSI), telecommunication and Information Technology (IT), retail and eCommerce, healthcare and life sciences, manufacturing, energy and utilities, media and entertainment, government, and others (travel and hospitality, transportation and logistics, and education). The healthcare and life sciences segment is expected to grow at a rapid pace during the forecast period as healthcare organizations are adopting data lake solutions to enhance patient experience, and enable data-driven and actionable analytics.

APAC to grow at the highest CAGR during the forecast period

Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period owing to increasing investments by technology companies in major APAC countries, such as China, Australia and New Zealand (ANZ), Japan, and India; growing digitalization; increasing adoption of advanced big data and analytics technologies; and government regulations and initiatives are expected to drive the growth of the market in the APAC region.

Key Benefits of Buying the Report

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall data lake market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report further helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Key Topics Covered:

1 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.2.1 Inclusions and Exclusions

1.3 Market Scope

1.3.1 Data Lake Market Segmentation

1.3.2 Regional Scope

1.4 Years Considered for the Study

1.5 Currency Considered

1.6 Stakeholders

2 Research Methodology

2.1 Research Data

2.2 Market Breakup and Data Triangulation

2.3 Market Size Estimation

2.4 Market Forecast

2.5 Research Assumptions

2.6 Limitations of the Study

3 Executive Summary

4 Premium Insights

4.1 Attractive Market Opportunities in the Data Lake Market

4.2 Market Top 3 Business Functions

4.3 Market By Region

4.4 Market in North America, By Business Function and Industry Vertical

5 Market Overview and Industry Trends

5.1 Introduction

5.2 Market Dynamics

5.3 Use Cases

5.4 Regulatory Implications

5.5 Enterprise Data Lake Architecture

6 Data Lake Market By Component

6.1 Introduction

6.2 Solutions

6.3 Data Discovery

6.4 Data Integration and Management

6.5 Data Lake Analytics

6.6 Data Visualization

6.7 Services

7 Data Lake Market By Deployment Mode

7.1 Introduction

7.2 On-Premises

7.3 Cloud

8 Data Lake Market By Organization Size

8.1 Introduction

8.2 Large Enterprises

8.3 Small and Medium-Sized Enterprises

9 Data Lake Market By Business Function

9.1 Introduction

9.2 Marketing

9.3 Sales

9.4 Operations

9.5 Finance

9.6 Human Resources

10 Data Lake Market By Industry Vertical

10.1 Introduction

10.2 Banking, Financial Services, and Insurance

10.3 Telecommunications and It

10.4 Retail and Ecommerce

10.5 Healthcare and Life Sciences

10.6 Manufacturing

10.7 Energy and Utilities

10.8 Media and Entertainment

10.9 Government

10.10 Others

11 Data Lake Market By Region

11.1 Introduction

11.2 North America

11.3 Europe

11.4 Asia Pacific

11.5 Middle East and Africa

11.6 Latin America

12 Competitive Landscape

12.1 Overview

12.2 Competitive Leadership Mapping

13 Company Profiles

13.1 Introduction

13.2 Microsoft

13.3 AWS

13.4 IBM

13.5 Oracle

13.6 Cloudera

13.7 SAS Institute

13.8 Informatica

13.9 Teradata

13.10 TCS

13.11 Atos

13.12 Google

13.13 HPE

13.14 Cazena

13.15 Zaloni

13.16 Temenos

13.17 Dremio

13.18 Exacaster

13.19 Koverse

13.20 Upsolver

13.21 Infoworks.Io

13.22 Snowflake

13.23 Bigstep

13.24 Right-To-Win

For more information about this report visit https://www.researchandmarkets.com/r/4l06pz