Dublin, May 30, 2022 (GLOBE NEWSWIRE) -- The "Data Lake Market - Global Industry Analysis (2018 - 2020) - Growth Trends and Market Forecast (2021-2026)" report has been added to ResearchAndMarkets.com's offering.
Global data lakes market to reach a total valuation of US$ 18.67 billion by 2026.
Globally, the overarching business need to make data-driven decisions in real-time has augmented the demand for advanced data platforms. As organizations rapidly adopt next-generation data storage and retrieval solutions, the demand for data lake solutions has witnessed a substantial surge. At the same time, as data is captured and stored across multiple distributed environments, companies also seek to eliminate data silos.
In the coming years, this demand, coupled with a rampant increase in data volumes, is poised to significantly expand the global data lakes market. The foremost growth drivers across the data lakes market include rising demand for cloud-enabled data platforms, necessity to gain actionable business insights, and an increase in data lake solutions in the healthcare sectors. These factors are set to open fresh business opportunities.
Key Insights and Trends Across Global Data Lakes Market
Presently, a large share of end-users of data lake solutions rely on on-premises deployment. However, due to the efficiency, speed, and low cost offered by cloud deployment, demand for cloud deployment of data lake solutions is predicted to register phenomenal growth between 2021 to 2026.
The availability of a new generation of data analytics experts has increased the demand and implementation of BI (business intelligence) solutions. Consequently, business data lake (or BI data lake) solutions are projected to garner higher demand over the study period, empowering businesses to enhance operational efficiency via data-driven decision-making.
By 2026, rising data volumes are expected to increase the demand for cloud-enabled big data processing platforms, particularly in the healthcare and retail & e-commerce sector. Within healthcare, data lakes are poised to improve intelligent patient care and patient medical history management, enabling healthcare professionals to take preventive action.
Increasing Data Volumes in Healthcare Creates Robust Growth in Data Lakes Market
Healthcare professionals collect, interact, and extract large volumes of data on a day-to-day basis. Therefore, there is a growing need in the healthcare sector to establish a central data repository to improve the speed of data retrieval for intelligent patient care. This trend has evolved especially owing to the COVID-19 pandemic and it is poised to substantially expand the data lakes market.
Further, with advancements in telemedicine and digital transformation within healthcare, the demand for data lake solutions is projected to observe a steady increase over the assessment period. Additionally, the retail and e-commerce industry are a key demand pool across the data lakes market as data lake solutions enable stakeholders in the industry to better tackle customer requirements amidst the evolving digital payments ecosystem.
With Highest Market Share, North America Emerges as Regional Leader
North America sustains its dominance as the regional leader in the global data lakes market. It is predicted to command the highest market over the forecast period, registering a robust CAGR of 14.4% by 2026.
This favorable growth is primarily due to the rising investments and strategic partnerships by companies in the data lakes market, presence of key market players in the region, and a highly promising outlook towards big data analytics.
Major Market Players
- Microsoft Corporation
- Google LLC
- Apple Inc.
- IBM Corporation
- Cisco Systems
- AMAZON
- Dell Inc.
- Cazena Inc
- Infoworks.io
- Dremio
Key Topics Covered:
1. Executive Summary
1.1. Global Data Lakes Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Analyst Recommendations
2. Market Overview
2.1. Market Definitions
2.2. Market Taxonomy
2.3. Market Dynamics
2.3.1. Drivers
2.3.2. Restraints
2.4. Value Chain Analysis
2.5. Porter's Five Forces Analysis
2.6. Covid-19 Impact Analysis
2.7. Key Patents
3. Global Data Lakes Market Outlook, 2018 - 2026
3.1. Global Data Lakes Market Outlook, by Offerings, Value (US$ '000), 2018 - 2026
3.1.1. Key Highlights
3.1.1.1. Solution
3.1.1.2. Services
3.1.2. BPS Analysis/Market Attractiveness Analysis
3.2. Global Data Lakes Market Outlook, by Organization Type, Value (US$ '000), 2018 - 2026
3.2.1. Key Highlights
3.2.1.1. Small and Medium Enterprises
3.2.1.2. Large Enterprise
3.3. BPS Analysis/Market Attractiveness Analysis
3.4. Global Data Lakes Market Outlook, by End-User, Value (US$ '000), 2018 - 2026
3.4.1. Key Highlights
3.4.1.1. Media and Entertainment
3.4.1.2. Healthcare
3.4.1.3. BFSI
3.4.1.4. Manufacturing
3.4.1.5. Retail and Ecommerce
3.4.1.6. Government and Defence
3.4.1.7. Others
3.4.2. BPS Analysis/Market Attractiveness Analysis
3.5. Global Data Lakes Market Outlook, by Deployments, Value (US$ '000), 2018 - 2026
3.5.1. Key Highlights
3.5.1.1. On Premise
3.5.1.2. On Cloud
3.5.2. BPS Analysis/Market Attractiveness Analysis
3.6. Global Data Lakes Market Outlook, by Region, Value (US$ '000), 2018 - 2026
3.6.1. Key Highlights
3.6.1.1. North America
3.6.1.2. Europe
3.6.1.3. Asia Pacific
3.6.1.4. Latin America
3.6.1.5. Middle East & Africa
3.6.2. BPS Analysis/Market Attractiveness Analysis
4. North America Data Lakes Market Outlook, 2018 - 2026
4.1. North America Data Lakes Market Outlook, by Offerings, Value (US$ '000), 2018 - 2026
4.1.1. Key Highlights
4.1.1.1. Solution
4.1.1.2. Services
4.1.2. BPS Analysis/Market Attractiveness Analysis
4.2. North America Data Lakes Market Outlook, by Organization Type, Value (US$ '000), 2018 - 2026
4.2.1. Key Highlights
4.2.1.1. Small and Medium Enterprises
4.2.1.2. Large Enterprise
4.2.2. BPS Analysis/Market Attractiveness Analysis
4.3. North America Data Lakes Market Outlook, by End-User, Value (US$ '000), 2018 - 2026
4.3.1. Key Highlights
4.3.1.1. Media and Entertainment
4.3.1.2. Healthcare
4.3.1.3. BFSI
4.3.1.4. Manufacturing
4.3.1.5. Retail and Ecommerce
4.3.1.6. Government and Defence
4.3.1.7. Others
4.3.2. BPS Analysis/Market Attractiveness Analysis
4.4. North America Data Lakes Market Outlook, by Deployments, Value (US$ '000), 2018 - 2026
4.4.1. Key Highlights
4.4.1.1. On Premise
4.4.1.2. On Cloud
4.4.2. BPS Analysis/Market Attractiveness Analysis
4.5. North America Data Lakes Market Outlook, by Country, Value (US$ '000), 2018 - 2026
4.5.1. Key Highlights
4.5.1.1. U.S.
4.5.1.2. Canada
4.5.2. BPS Analysis/Market Attractiveness Analysis
5. Europe Data Lakes Market Outlook, 2018 - 2026
6. Asia Pacific Data Lakes Market Outlook, 2018 - 2026
7. Latin America Data Lakes Market Outlook, 2018 - 2026
8. MEA Data Lakes Market Outlook, 2018 - 2026
9. Competitive Landscape
9.1. Company Market Share Analysis, 2019
9.2. Company Profiles
9.2.1. Company Overview
9.2.2. Key Retailing Partners
9.2.3. Business Segment Revenue
9.2.4. Ingredient Overview
9.2.5. Product Offering & its Presence
9.2.6. Certifications & Claims
For more information about this report visit https://www.researchandmarkets.com/r/gjx8uu
