Press release
Data Lakes Market Market 2022-2027 Business Analysis by Top Companies
Data Lakes Market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics have been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio, and recent developments. The Market share and Market size prominent players for 2022 to 2027 are profiled in this report.Data Lakes Market is envisaged to record an expansion at the CAGR of 29.9»% over the forecast period, 2022 - 2028
Competitive Landscape:
Microsoft Corporation, Amazon.com Inc., Capgemini SE, Oracle Corporation, Teradata Corporation, SAP SE, IBM Corporation, Solix Technologies Inc., Informatica Corporation, Dell EMC, Snowflake Computing Inc., Hitachi Data Systems and Others
Industry News
January 2019 - Tata Consultancy Services, a global IT service, consulting, and business solutions organization, entered the market with its data lakes solutions for Business on AWS Marketplace. The newly launched software captures and manages all types of data in a central Hadoop repository.
Click the link to get a Sample Copy of the Report:
https://www.marketintelligencedata.com/reports/2338415/data-lakes-market-growth-trends-covid-19-impact-and-forecasts-2022-2027/inquiry?mode=Nikita29
Scope of the Report
The speed of data retrieval is better for data lakes compared to data warehouses. According to O'Reilly Data Scientist Salary Survey, one-third of the data scientists spend time for doing basic operations such as necessary extraction/transformation/load (ETL), data cleaning, and basic data exploration rather than real 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 need for data lakes for quicker and efficient manipulation of data.
Key Market Trends
Banking Sector is Expected to Grow Significantly
- 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 banking operations which will allow the bank to shift from the typically used data warehouse architecture.
Browse the Full report description and TOC at:
https://www.marketintelligencedata.com/reports/2338415/data-lakes-market-growth-trends-covid-19-impact-and-forecasts-2022-2027?mode=Nikita29
North America is expected to have High Adoption for Data Lakes
- 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 detecting discrepancies in the system. This has aided in achieving savings of 75% of the electricity due to theft.
Highlights about Data Lakes Market report coverage:
- A complete background analysis, which includes an assessment of the Global Data Lakes Market.
- Important changes in Data Lakes Market dynamics
- Data Lakes Market segmentation up to the second & third level regional bifurcation
- Historical, current, and projected size of the Data Lakes Market with respect to both value (Revenue) and volume (Production & Consumption)
- Reporting and evaluation of recent Data Lakes Market industry developments
- Data Lakes Market shares and strategies of key players
- Emerging niche Data Lakes Market segments and regional markets
- An objective assessment of the trajectory of the Data Lakes Market .
- Recommendations to companies for strengthening their foothold in the Data Lakes Market .
The research includes historic data from 2016 to 2022 and forecasts until 2027 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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Market intelligence data is a global front-runner in the research industry, offering customers contextual and data-driven research services. Customers are supported in creating business plans and attaining long-term success in their respective marketplaces by the organization. The industry provides consulting services, Market Intelligence Data research studies, and customized research reports.
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Irfan Tamboli (Head of Sales) - MARKET INTELLIGENCE DATA
Phone: +1 (704) 266-3234
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