The global data lake market size is expected 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 in the market, and simplified access to organizational data from departmental silos, mainframe, and legacy systems. A shift toward cloud-based data platforms to manage and mitigate data issues is further expected to offer opportunities for the increased adoption of the market.
Top Key Players
The major data lake market vendors include Microsoft (US), Teradata (US), Oracle (US), Atos (France), Cloudera (US), AWS (US), IBM (US), Temenos (Switzerland), Informatica (US), SAS Institute (US), Zaloni (US), Koverse (US), HPE (US), Cazena (US), Google (US), Infoworks.io (US), Snowflake (US), Dremio (US), TCS (India) and Exacaster (Lithuania). These players have adopted various growth strategies, such as partnerships, agreements, and collaborations; and new product launches, to further expand their presence in the global data lake market. Partnerships, new product launches, and product enhancements have been the most dominating strategies adopted by major players from 2017 to 2019, which has helped them to innovate on their offerings and broaden their customer base.
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AWS (US) offers cloud computing services in the form of web services. The company offers a wide range of products and services to customers present across 190 countries. Its product portfolio comprises segments, such as compute, storage, database, migration, network and content delivery, developer tools, management tools, media services, Machine Learning (ML), and analytics. The solutions segment offers website and web apps, mobile services, backup, storage and archive, financial services, and digital media. AWS caters to verticals, such as media and entertainment, healthcare, government, education, and utilities. In the data lake market, the company offers Data Lake on AWS solution, which stores and registers datasets of any size in their native form in a secure, durable, and highly-scalable Amazon S3. Customers can upload datasets with searchable metadata and integrate with the AWS Glue and Amazon Athena to transform and analyze the uploaded data.
TABLE OF CONTENTS
1 INTRODUCTION (Page No. – 20) 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: MARKET SEGMENTATION 1.3.2 REGIONAL SCOPE 1.4 YEARS CONSIDERED FOR THE STUDY 1.5 CURRENCY CONSIDERED 1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. – 24) 2.1 RESEARCH DATA 2.1.1 SECONDARY DATA 2.1.2 PRIMARY DATA 2.1.2.1 Breakup of primary profiles 2.1.2.2 Key industry insights 2.2 MARKET BREAKUP AND DATA TRIANGULATION 2.3 MARKET SIZE ESTIMATION 2.3.1 TOP-DOWN APPROACH 2.3.2 BOTTOM-UP APPROACH 2.4 MARKET FORECAST 2.5 RESEARCH ASSUMPTIONS 2.6 LIMITATIONS OF THE STUDY
3 EXECUTIVE SUMMARY (Page No. – 31)
4 PREMIUM INSIGHTS (Page No. – 38) 4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE DATA LAKE MARKET 4.2 DATA LAKE MARKET: TOP 3 BUSINESS FUNCTIONS 4.3 DATA LAKE MARKET, BY REGION 4.4 DATA LAKE MARKET IN NORTH AMERICA, BY BUSINESS FUNCTION AND INDUSTRY VERTICAL
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