Data Lakes Market Size, Share Analysis by Key Manufacturers, Production Overview, Upstream Raw Materials, Recent Trends, Growth, Regional Outlook and Forecast 2020-2023

Global "Data Lakes" Market report 2020 intends to give inside and out data about Data Lakes industry with market outlook, trends, business strategies and future prospects of industry. It includes the present market status with some changing size and trends that can affect the market growth rate. Data Lakes market report covers the significant growth prospect over the coming years. Likewise, it studies market new product analysis, strategies, financial overview and trends. Data Lakes market report also offers an overview of revenue, sales, product demand, and supply of data, cost, and growth analysis during the forecast year 2023.

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Top Manufacturers Listed in the Data Lakes Market Report are:
o Microsoft Corporation
o Amazon.com Inc.
o Capgemini SE
o Oracle Corporation
o Teradata Corporation
o SAP SE
o IBM Corporation
o Solix Technologies Inc.
o Informatica Corporation
o Dell EMC
o Enterprise Data Lakes
o Hitachi Data Systems
o Cazena Inc.

Global Data Lakes Market was valued at USD 3.24 billion in 2019, and is expected to reach a value of USD 14.01 billion by 2023 at a CAGR of 27.4%, over the forecast period (2018-2023). The scope of the report is limited to deployment type which include Cloud, On-premise. The End Users considered in the scope of the report include BFSI, Retail, Entertainment and Media, Healthcare, IT and Telecommunications and Manufacturing.

Data Lakes have become an economical option for many companies rather than an option for data warehousing. Data warehousing involves additional computing of data before entering the warehouse, unlike Data Lakes. The cost of maintaining a data Lake is lower than maintaining a data Lake owing to the number of operations involved in building the database for warehouses. The speed of data retrieval is also better for data lakes compared to data warehouses which have proved them to be a viable option compared to warehouses. According to O'Reilly Data Scientist Salary Survey, it has been identified that about one-third of the data scientists spend time for doing basic operations such as basic extraction/transformation/load (ETL), data cleaning, and basic data exploration rather than true analytics or data modeling which reduces the efficiency of the process. The growing use of IoT in many offices and informal spaces has further emphasized in the need for data lakes for quicker and efficient manipulation of data.

Need For Increasing Agility And Accessibility Of Businesses.

According to IBM most of the companies in the United States have about 100 Terabytes of data stored. Companies have been struggling to manage such data as increasing the storage capacity, and processing power of the existing systems involves in high cost and not a sustainable option. Data lakes have emerged as a practical solution to exponentially increasing data. The variety of data emerging in the present day scenario has been broader in range as many developments such as modern cars alone have about 100 sensors per car, NSE has nearly 1TB of trade information per session, according to IBM. Owing to such developments the use of data lakes aids in improving the agility of organizations such as analytics firms to retrieve, store and manage data in a better manner.

Banking Is Expected To Be One of the Primary Recipients of the Technology

Banks have been increasing the use of data lakes to integrate data across various domains to create a central database. Australia and New Zealand Banking Group (ANZ) has been implementing a project to aggregate all the data ponds across its domains to create a central data lake for the bank which will allow the bank to shift from the typically used data warehouse architecture. In the present scenario, the implementation of data lakes in the domain has not been effective as many data lakes have been changing into data swamps. Customers are unable to access data with ease, and data lakes have become the bottlenecks for organizations. Banks have been investing in data engineers to provide more responsive data lakes to tackle with consumer requirements. Banks have been trying to increase the utility of data for on the go solutions. State Bank of India (SBI) has been providing data lakes, apart from the typically used data warehouse, to bank executives, deputy managing director and chief information to deliver on the go analytics.

North America Is Expected To Have High Adoption for Data Lakes Market

According to Capgemini, more than 60% of the financial institutions in the United States believe that big data analytics offers a substantial competitive advantage over the competitors and more than 90% of the companies believe that the big data initiatives determine the chance for success in the future. Data Lakes are needed for the use of Smart meter applications. In Canada, BC Hydro uses an EMC data lake for analyzing data aggregated by various smart meters. The data then enables in detecting discrepancies in the system. This has aided in achieving savings of 75% of the electricity due to theft. The number of Smart Meters in the region have also been growing in usage. Owing to increase in the usage of smart meters a huge amount of data is being generated which needs the use of Data Lakes. In the United States, a total of 70,823,466 smart meters have been installed according to U.S Energy Information Administration.

Key Developments in Data Lakes Market

o November 2019: Sciformix Corporation announced its adoption of Oracle Argus Enterprise Edition platform to offer its customers in the life science industry. Through its collaboration with Oracle, Sciformix can offer its customers a fully automated and integrated safety database solution, allowing easy reporting and analytics for improving the quality and efficiency of drug safety operations.

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Regional Segmentation Includes:
- United States
- Europe
- China
- Japan
- South Korea
- Other Regions
Reasons to Purchase the Data Lakes Market Report:
- The report analyses how the shift towards safety will drive the global automotive anti-lock braking system market size and Share.
- Analyzing various perspectives of the market with the help of Porter's five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness fastest Data Lakes Market growth during the forecast period.
- Identify the latest developments, Data Lakes market shares and strategies employed by the major market players.

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Major Points from Table of Contents:
1. Introduction
1.1 Key study deliverables
1.2 Market definition
1.3 Study Assumptions
2. Research methodology
3. Executive summary
4. Data Lakes Market insights
4.1 Data Lakes Market overview
4.2 Industry attractiveness- Porter's Five Forces Analysis
4.2.1 Threat of new entrants
4.2.2 Bargaining power of suppliers
4.2.3 Bargaining power of consumers
4.2.4 Threat of substitute products
4.2.5 Intensity of Competitive Rivalry
5. Data Lakes Market Dynamics
5.1 Data Lakes Market drivers
5.1.1 Need for increasing agility and accessibility of businesses
5.1.2 Growth of IoT fuels growth of data lakes
5.2 Data Lakes Market Restraints
5.2.1 Low adoption rates for new technology
5.2.2 Lack of a comprehensive Long Term Solution
6. Technological Overview
7. Global Data Lakes Market Segmentation
7.1 Data Lakes Market By Type of Product
7.1.1 Solution
7.1.2 Service
7.2 Data Lakes Market By Deployment Type
7.2.1 On Premise
7.2.2 Cloud
7.3 Data Lakes Market By End User
7.3.1 BFSI
7.3.2 Retail
7.3.3 Entertainment and Media
7.3.4 Healthcare
7.3.5 IT and Telecommunications
7.3.6 Manufacturing
7.3.7 Others
7.4 Data Lakes Market By Geography
7.4.1 North America
7.4.2 Europe
7.4.3 Asia Pacific
7.4.4 Latin America
7.4.5 Middle East and Africa
8. Key Vendor Profiles
8.1 Microsoft Corporation
8.2 Amazon.com Inc.
8.3 Capgemini SE
8.4 Oracle Corporation
8.5 Teradata Corporation
8.6 SAP SE
8.7 IBM Corporation
8.8 Solix Technologies Inc.
8.9 Informatica Corporation
8.10 Dell EMC
8.11 Enterprise Data Lakes
8.12 Hitachi Data Systems
8.13 Cazena Inc.
9. Investment analysis
10. Future of Data Lakes Market

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