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Impact Of Increasing Digitalization On The Growth Of The Data Lakehouse Market: Critical Driver Shaping the Global Data Lakehouse Market in 2025
Data Lakehouse Market
Data Lakehouse Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of the data lakehouse has seen a remarkable increase in the past few years. It is projected to surge from $8.5 billion in 2024 to $10.33 billion in 2025, with a compound annual growth rate (CAGR) of 21.5%. This significant growth during the historic period can be credited to factors such as increased adoption of the cloud, a heightened need for real-time data processing, growing demand for advanced analytics, escalating data storage requirements, and a surge in the usage of IoT devices.
Data Lakehouse Market Size Forecast: What's the Projected Valuation by 2029?
The market size of the data lakehouse is projected to undergo tremendous growth in the forthcoming years, reaching a value of $22.56 billion by 2029, with a CAGR of 21.6%. This growth during the forecast period can be ascribed to the surge in investments in data infrastructure, the growing significance of data security, the mounting requirement for data democratization, and the escalating demand for data lineage. Noteworthy trends expected to shape the market during the forecast period consist of advancements in technology, machine learning, real-time analytics, data virtualization, and hybrid data architectures.
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What Are the Drivers Transforming the Data Lakehouse Market?
The escalating trend of digitalization is projected to spur the expansion of the data lakehouse market in the future. Digitalization refers to the transformation of operations and information into a digitally accessible format, enhancing efficiency, accessibility, and innovation. The surge in digitalization arises from technological advancements, the pursuit of improved efficiency and productivity, the ambition for enhanced customer experiences, and the objective to remain competitive in a fast-paced market. Data lakehouses aid digitalization by consolidating diverse data forms onto a single platform, facilitating comprehensive analysis and immediate insights. For example, in May 2023, as stated in a report by the European Investment Bank, a long-term finance institution of the European Union based in Luxembourg, in 2022, 42% of European businesses increased their investments in digitalization. This marked a 9% point rise compared to 2021. Hence, the proliferating digitalization is fuelling the growth trajectory of the data lakehouse market.
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What Long-Term Trends Will Define the Future of the Data Lakehouse Market?
Prominent businesses functioning within the data lakehouse market are producing items incorporating advanced technologies, such as safe unstructured data lakes, to proficiently extract, manage and standardize this form of data. A secure unstructured data lake is a groundbreaking architectural layout that merges advantages from both data lakes and data warehouses. For example, in May 2024, Tonic.ai, an organization based in the USA specializing in AI-based solutions, introduced Tonic Textual, the first-ever secure unstructured data lakehouse specifically designed for large language models (LLMs). This platform aims to simplify the application of unstructured data in AI development, simultaneously addressing significant privacy and integration issues that have previously hindered enterprise AI adoption. It sets a standard for the data lakehouse method providing a unified platform that resolves the intricacies of managing unstructured data for AI applications, consequently enhancing the efficacy and security of data workflows in enterprise settings.
Which Segments in the Data Lakehouse Market Offer the Most Profit Potential?
The data lakehousemarket covered in this report is segmented -
1) By Deployment: On-Premise, Cloud Based
2) By Enterprise Type: Large Enterprises, Small And Medium-Sized Enterprises (SMEs)
3) By Business Function: Marketing, Human Resources (HR), Operations, Finance
4) By Industry: Information Technology (IT) And Telecom, Banking, Financial Services And Insurance (BFSI), Retail And E-Commerce, Healthcare And Life Science, Manufacturing, Energy And Utilities, Other Industries
Subsegments:
1) By On-Premise: Private Data Centers, Hybrid On-Premise Solutions, Managed On-Premise Services, Enterprise On-Premise Lakehouse
2) By Cloud Based: Public Cloud Lakehouse, Private Cloud Lakehouse, Hybrid Cloud Solutions, Multi-Cloud Lakehouse, Cloud-native Lakehouse Services
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Which Firms Dominate the Data Lakehouse Market by Market Share and Revenue in 2025?
Major companies operating in the data lakehouse market are Alphabet Inc., Microsoft Corporation, Amazon Web Services Inc., International Business Machines Corporation (IBM), Oracle Corporation, SAP SE, Hewlett Packard Enterprise Company (HPE), Teradata Corporation, Databricks Inc., Informatica LLC, Snowflake Inc., Cloudera Inc., Matillion Ltd., Alteryx Inc., QlikTech International AB, Fivetran Inc., DataRobot Inc., Dremio Corp., Starburst Data Inc., SQream Technologies Ltd., Zaloni Inc., Solix Technologies Inc., Infoworks.io Inc., Kinetica Inc., Onehouse Inc., Cazena Inc., Vertica Inc.
Which Regions Offer the Highest Growth Potential in the Data Lakehouse Market?
North America was the largest region in the data lakehouse market in 2024. Asia-Pacific is expected to be the fastest-growing region in the market going forward. The regions covered in the data lakehouse market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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