Press release
Enterprise Data Lake Market to Reflect Steady Growth Rate by 2025
In Enterprise Data Lake, multiple rows of data archives are there with emails, spreadsheets, and other contents. The entire reservoir of data is a set where analytics is run. After this, the output data is then processed and analyzed. After this process is done, all the data can be easily accessed to gain insights.
Enterprise Data Lake: Drivers and Restraints
Every organization creates a vast amount of data, but no every time, all the data is essential or needed. Enterprise Data Lake gives the freedom to store data, analyze and use whenever needed. Also, it allows even petabytes of data or trillions of objects to be stored and also enable users to develop large programs parallel easily. Such factors drive the usage of enterprise Data Lake.
The factors restraining the growth of enterprise Data Lake market are the challenges faced for working with traditional data storage and analytical technologies. Also, to analyze data, the processing power is reduced. Such factors hinder the adoption of technology.
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Enterprise Data Lake: Segmentation
Segmentation based on component of Enterprise Data Lake in Market:
Software
Services
Segmentation based on type of deployment in Enterprise Data Lake in Market:
On-Premise
On Cloud
Segmentation based on type of enterprise in Enterprise Data Lake in Market:
Larger enterprise
Medium enterprise
Small enterprise
Enterprise Data Lake: Competitive Landscape
The key players in the market are SAP SE, Microsoft Corporation, Cloudwick Inc., SAS Institute Inc., Informatica Corporation, Teradata Corporation, Oracle Corporation, HVR Software B.V., IBM Corporation, Podium Data, Inc., Zaloni, Inc. and Snowflake Computing Inc.
Regional Overview
North America is expected to be the largest market for Enterprise Data Lake market. The majority of Enterprise Data Lake vendors such as Microsoft Corporation, Oracle Corporation, and IBM Corporation are based in North America region. This is attributed to increasing volumes and importance of data in an organization. The market is anticipated to grow in Europe region due to the presence of other market vendors like SAP SE and few others in the region.
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Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
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