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Data Lake Market to Reach USD 89.53 Billion by 2032 at a CAGR of 20.6% By Emergen Research
Data Lake Market
The latest market intelligence study, called "Global Data Lake Market Forecast to 2028," jots down some of the most prominent growth potentials of the global Data Lake market. The report is primarily targeted at the industry stakeholders looking to capitalize on this report's contents to make improved business decisions. The report is further intended to help the readers gain vital insights into the global market, particularly the prevailing growth opportunities and competitive scenario. The insightful data & information provided by this report are gathered from various primary and secondary sources.
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Some Key Highlights From the Report
The marketing segment is expected to account for largest revenue share in the global data lake market over the forecast period. This is because in a marketing data lake, unstructured, semi-structured, and structured data may all be retained together. Unlike traditional databases that have a defined schema, data lakes allow marketers to store data in its unstructured state without the need to first format it. Various data from many sources, including Customer Relationship Management (CRM) systems, social media analytics, and website metrics, can be housed under one roof due to the versatility. Most data lakes combine advanced processing and high-capacity storage techniques. Several technologies are used to manage and analyze the enormous amount of data stored in these repositories.
The Banking, Financial Services, and Insurance (BFSI) segment is expected to register steadily fast revenue growth rate in the global data lake market over the forecast period. This is because in the future, data lakes will be the foundation for how BFSI organizations store their data. BFSIs require a cunning solution that provides size, speed, and security, hence invest millions of dollars each year in data storage and preservation. Data lakes are good for addressing the particular problems associated with data storage. These centralized storage options enable data security, efficient processing, and transparency.
The North America market accounted for largest revenue share in the data lake market in 2022 owing to increasing product launches in the region. For instance, a statement from the business claims that Amazon Web Services (AWS) unveiled a new cybersecurity solution called Amazon Security Lake that automatically centralizes security data from cloud and on-premises sources into a specifically created data lake in a customer's AWS account. In addition to the U.S. East (N. Virginia), U.S. East (Ohio), U.S. West (Oregon), Asia Pacific (Sydney), Asia Pacific (Tokyo), Europe (Frankfurt), and Europe (Ireland), the Amazon Security Lake service, which was unveiled at the AWS re: Invent 2022, will soon be made available in additional regions.
The leading contenders in the global Data Lake market are listed below:
Microsoft, AWS, IBM, Oracle, Cloudera, SAS Institute, Informatica, Teradata, TCS, and ATOS
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For the purpose of this report, Emergen Research has segmented the global data lake market on the component, deployment mode, organization size, business function, industry vertical, and region:
Component Outlook (Revenue, USD Billion; 2019-2032)
Solutions
Data Discovery
Data Integration & Management
Data Lake Analytics
Data Visualization
Services
Managed Services
Professional Services
Consulting
System Integration & Deployment
Support & Maintenance
Deployment Mode Outlook (Revenue, USD Billion; 2019-2032)
On-Premises
Cloud
Organization Size Outlook (Revenue, USD Billion; 2019-2032)
Large Enterprises
Small & Medium-Sized Enterprises (SMEs)
Business Function Outlook (Revenue, USD Billion; 2019-2032)
Marketing
Sales
Operations
Finance
Human Resources
Industry Vertical Outlook (Revenue, USD Billion; 2019-2032)
Banking, Financial Services, & Insurance
Telecommunications & Information Technology (IT)
Retail & E-Commerce
Healthcare & Life Sciences
Manufacturing
Energy & Utilities
Media & Entertainment
Government
Others
Regional Outlook of the Data Lake Market
The global Data Lake market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In this section, authors of the report have studied the presence of the global Data Lake market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.
Browse The Full Data Lake Market Report Description, Along With The Tocs And List Of Facts And Figures @ https://www.emergenresearch.com/industry-report/data-lake-market
Key reasons to buy the Global Data Lake Market report:
The latest report comprehensively studies the global Data Lake market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
The report offers an insightful analysis of the regional outlook of the market.
It offers a detailed account of the end-use applications of the products & services offered by this industry.
The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
The report also provides an extensive analysis of the key market elements, such as drivers, constraints, opportunities, limitations, threats, and micro and macro-economic factors. The exhaustive SWOT analysis, Porter's Five Forces analysis, feasibility analysis, and investment return analysis included in the report are intended to help the reader tactfully formulate business growth strategies. Strategic recommendations for the established market players assist them in fortifying their financial positions in the market.
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Thank you for reading our report. For further information regarding the report or to get a customized copy of it, please connect with us. We will make sure you receive a report perfectly tailored to your needs.
Latest Published Reports by Emergen Research:
Data Lake Market Size @ https://www.emergenresearch.com/industry-report/data-lake-market/market-size
Data Lake Market Share @ https://www.emergenresearch.com/industry-report/data-lake-market/market-share
Data Lake Market Trends @ https://www.emergenresearch.com/industry-report/data-lake-market/market-trends
Data Lake Regional Market Demand @ https://www.emergenresearch.com/industry-report/data-lake-market/regional-market-demand
Data Lake Market Analysis @ https://www.emergenresearch.com/industry-report/data-lake-market/market-analysis
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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