Data Lake Market is Booming Worldwide

The Global report on “Data Lake Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report also details the information about the global market status, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements. An exclusive data offered in this report is collected by research and industry experts team.

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The Global Data Lake Market size is projected to grow from US$ 7.9 Billion in 2019 to US$ 20.1 Billion by 2024, at a Compound Annual Growth Rate (CAGR) of 20.6% during the forecast period. This report spread across 193 Pages, Profiling 22 Companies and Supported with 106 Tables and 54 figures is now available in this research.

Top Companies profiled in the Data Lake Market:

  • Microsoft (US)
  • Teradata (US)
  • Oracle (US)
  • Cloudera (US)
  • AWS (US)
  • IBM (US)
  • Informatica (US)
  • SAS Institute (US)
  • Zaloni (US)
  • Koverse (US)
  • HPE (US)
  • Cazena (US)
  • Google (US)
  • io (US)
  • Snowflake (US)
  • Dremio (US)
  • Talend (US)

“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. An 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.

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“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).

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