Press release
Data Lakes Market - NextGen Technological Advancements, Professional Survey and Future Industry Trends : 2025
Get Sample Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=30017
The growth in data lakes market is fueled by the growing need of organizations to simplify their workload associated to security and their growing reliability on data gathered from various IT systems used for financial proceedings. Life science & healthcare segments are expected to grow at a significantly higher rate during the forecast period due to the increasing need to manage and store data derived from various connected health record systems and healthcare devices used throughout the organization. The growth in data lakes market for operations is anticipated to increase in the years to come because of the need for streamline operations across services and the increasing need for solving operations related issues quickly. Other business functions for which the data lake is being adopted are operations, finance, human resources, marketing, and sales. Data lakes solutions can either be deployed on premises or on-demand, depending upon the requirements of the organization. The demand for cloud-based or on-demand data lakes market solutions is increasing as they are user-friendly and cost-effective, the growth is significantly high in the smaller and medium size organizations where low cost solutions are much needed. The major restraints faced by data lakes market are meta data management, data governance, data preparation, data security and lack of appropriate analytical skills. Furthermore, there are not many tools available on the market that can assist in meta data management or data governance. When data governance is not taken care off while starting with a data lake, issues related to data quality or security could arise, causing the data lake to fail dramatically.
The data lakes market is segmented by structure, services and application. Segmentation by structure includes data sources, hadoop distribution, data ingestion, data query and data stores. While the services segment is expected to grow at the highest CAGR during the forecast period. The services segment is further classified into data engineering, managed services, support and maintenance and data discovery & visualization. Data lakes services in the services segment is projected to witness the highest demand due to the growing need of data lake software solutions across organizations. On the basis of application the data lake market is segmented into healthcare & life science, industrial, banking & finance, government and media. Regional segmentation for the global data lakes market include North America, Europe, Asia Pacific, Middle East and Africa and Latin America. North America accounted for the largest share of the data lakes market, followed by Europe Both these regions are expected to retain their positions in the next five years due to high focus on innovations obtained from research and development and technology. The Asia-Pacific region is about to witness major growth in this market mainly due to increasing adoption of smart technologies and developing IT infrastructure.
View TOC for this Market Report @ http://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=30017
Major vendors that offer data lakes software and services globally are Microsoft Corporation, Informatica Corporation, Teradata, Capgemini, EMC Corporation, SAP SE, Hitachi, Atos, Oracle Corporation and SAS Institute. These leading companies have primarily focused on collaboration, new product launches, and expansion for growth in the data lakes market.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Contact Us
Transparency Market Research
State Tower,
90 State Street, Suite 700
Albany, NY 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Data Lakes Market - NextGen Technological Advancements, Professional Survey and Future Industry Trends : 2025 here
News-ID: 765952 • Views: …
More Releases from Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth.
Uncover essential discoveries and trends from…
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth.
Discover essential conclusions and data from our Report in this sample -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100
Analysts' Viewpoint
The Technetium‐99m…
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine…
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,…
More Releases for Data
Data Catalog Market: Serving Data Consumers
Data Catalog Market size was valued at US$ 801.10 Mn. in 2022 and the total revenue is expected to grow at a CAGR of 23.2% from 2023 to 2029, reaching nearly US$ 3451.16 Mn.
Data Catalog Market Report Scope and Research Methodology
The Data Catalog Market is poised to reach a valuation of US$ 3451.16 million by 2029. A data catalog serves as an organized inventory of an organization's data assets, leveraging…
Big Data Security: Increasing Data Volume and Data Velocity
Big data security is a term used to describe the security of data that is too large or complex to be managed using traditional security methods. Big data security is a growing concern for organizations as the amount of data generated continues to increase. There are a number of challenges associated with securing big data, including the need to store and process data in a secure manner, the need to…
HOW TO TRANSFORM BIG DATA TO SMART DATA USING DATA ENGINEERING?
We are at the cross-roads of a universe that is composed of actors, entities and use-cases; along with the associated data relationships across zillions of business scenarios. Organizations must derive the most out of data, and modern AI platforms can help businesses in this direction. These help ideally turn Big Data into plug-and-play pieces of information that are being widely known as Smart Data.
Specialized components backed up by AI and…
Test Data Management (TDM) Market - test data profiling, test data planning, tes …
The report categorizes the global Test Data Management (TDM) market by top players/brands, region, type, end user, market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
This report studies the global market size of Test Data Management (TDM) in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption…
Data Prep Market Report 2018: Segmentation by Platform (Self-Service Data Prep, …
Global Data Prep market research report provides company profile for Alteryx, Inc. (U.S.), Informatica (U.S.), International Business Corporation (U.S.), TIBCO Software, Inc. (U.S.), Microsoft Corporation (U.S.), SAS Institute (U.S.), Datawatch Corporation (U.S.), Tableau Software, Inc. (U.S.) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY…
Long Term Data Retention Solutions Market - The Increasing Demand For Big Data W …
Data retention is a technique to store the database of the organization for the future. An organization may retain data for several different reasons. One of the reasons is to act in accordance with state and federal regulations, i.e. information that may be considered old or irrelevant for internal use may need to be retained to comply with the laws of a particular jurisdiction or industry. Another reason is to…
