Press release
Data Lake Market Expected to Reach USD 86.83 Billion in Value by 2032, CAGR Projected at 20.40%
Data Lake Market
The global market was valued at USD 16.37 billion in 2023 and is expected to grow to USD 86.83 billion by 2032.
The expected rise in Internet of Things (IoT) device usage is expected to have a positive impact on the growth of the data lake industry. The market is anticipated to grow as a result of the increase in data volume and the growing use of IoT. Also, banks are seeing a profusion of transactional data due to the growth in digital payments. To improve their analytical skills and provide clients with seamless solutions, several financial institutions are investing resources in the creation of data lakes.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/industry-analysis/data-lake-market/request-for-sample
๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ
Large amounts of data in their original format are ingested and stored in a centralized location called a data lake. After processing, the data can be used to support a range of analytical requirements. A data lake can hold any kind of data from any source, structured (excel sheets, database tables), semi-structured (XML files, webpages), or unstructured (pictures, audio files, tweets), all without compromising fidelity because of its open, scalable architecture.
Also, to enable diverse user types to access the data in different ways to suit their needs, the data files are usually stored in tiered zones: raw, cleaned, and curated. Big data analytics, machine learning, predictive analytics, and other applications rely on data lakes for basic data consistency across a range of applications.
๐๐๐ฒ ๐๐ญ๐๐ญ๐ฌ ๐๐ง๐ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ:
โ The industry analysis is mainly based on vertical, deployment, type, and region.
โ In 2022, North America held the largest market share. This dominance is ascribed to the escalating volume of data throughout various industries, increased investments in data lake infrastructure, and the rising adoption of big data technologies.
โ Asia Pacific will expand gradually. This growth is mainly due to the increasing investments that leading technology companies have arranged throughout important emerging economies.
๐๐ฎ๐ฒ ๐ญ๐ก๐ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ซ๐ฌ๐ข๐จ๐ง ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฏ๐๐ข๐ฅ๐๐๐ฅ๐ ๐๐จ๐ฐ: https://www.polarismarketresearch.com/buy/2836/2
๐๐ซ๐จ๐ฆ๐ข๐ง๐๐ง๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
Key players in the data lake market are concentrating on expanding their global existence through mergers, collaborations, new product launches, and acquisitions. Here is the list of key companies operating in the industry:
โข Amazon Web Services, Inc
โข Cloudera, Inc.
โข Dremio Corporation
โข Informatica Corporation
โข Microsoft Corporation
โข Oracle Corporation
โข SAS Institute Inc.
โข Snowflake Inc.
โข Teradata Corporation
โข Zaloni, Inc.
๐๐๐ญ๐ ๐๐๐ค๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ
โข Cloud-based deployments will grow at a rapid pace, owing to its cost-effectiveness, ease of use, and significant investments from innovative players.
โข The healthcare segment expected to grow steady pace, on account of data sensitivity, and data privacy and huge opportunities in the concerned sector.
โข Solutions segment held the largest share, primarily due to huge demand from different industry verticals.
โข North America dominated the global market, on account of presence of key players, significant investments, and a favorable business scenario.
โข APAC is projected to grow at the fastest rate, on account of huge business opportunities it offers, huge demand for mid-small companies, and huge un-tapped market potential.
๐๐๐๐๐ฌ๐ฌ ๐๐ก๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ, ๐ก๐๐ซ๐: https://www.polarismarketresearch.com/industry-analysis/data-lake-market
๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฌ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ ๐๐ก๐ ๐๐๐ญ๐ ๐๐๐ค๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฌ๐๐ ๐๐ง ๐๐ฒ๐ฉ๐, ๐๐๐ฉ๐ฅ๐จ๐ฒ๐ฆ๐๐ง๐ญ, ๐๐ง๐ ๐๐๐ซ๐ญ๐ข๐๐๐ฅ:
Data Lake, Vehicle Type Outlook (Revenue - USD Billion, 2019 - 2032)
โข Solution
โข Services
Data Lake, Material Type Outlook (Revenue - USD Billion, 2019 - 2032)
โข On-premise
โข Cloud
Data Lake, Application Outlook (Revenue - USD Billion, 2019 - 2032)
โข IT
โข BFSI
โข Retail
โข Healthcare
โข Media and Entertainment
โข Manufacturing
โข Others (government, hospitality, education, others)
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ง๐๐จ:
Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.
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