Data Lakes Market Analysis and Value Forecast Snapshot by End-use Industry 2017 – 2025

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Data Lakes Market Analysis and Value Forecast Snapshot by End-use Industry 2017 – 2025

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Global “Data Lakes ” Market Research Study

Tailor Made Reports recently published a well-researched market study which provides a comprehensive analysis of the global “keyword” market. According to the report, the growth of the “keyword” market is primarily driven by an array of factors including, Factor 1, Factor 2, Factor 3, and Factor 4. The well-curated market research offers a detailed analysis of the leading companies operating in the global “keyword” market wherein the production techniques, market share, revenue analysis, product pricing analysis, and revenue generation of each company is included.

The report evaluates the current state of the global “keyword” market in terms of volume (X units), consumption, value (Mn/Bn), production and more. In addition, the study tracks the latest proceedings within the various market segments, end use industries, geographies, and regulatory landscape.

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drivers and restraints influencing the global data lakes market. It also offers insight into factors impacting the market’s trajectory across various segments and regions. 

Global Data Lakes Market: Key Trends

Data technology is much in demand due to various factors such as higher acceptance of Internet of Things (IoT), increased need for business agility and accessibility, and the increasing volume and variety of business data. In addition, switching from outdated data management techniques for storage to advanced techniques and huge flow of unstructured and structured data are positively impacting the market growth. On the contrary, companies operating in the industrial sectors have found that data lakes are inefficient to handle massive scale and complicated industrial data. In order to make quick, critical operational decisions, data lakes are unable to provide the real-time analysis and situational awareness that operators and engineers require, thereby limiting the market growth. 

Based on type, services form the key contributor to the global data lakes market, and the segment is expected to grow during the said period. The demand for services is high due to increased requirement for data lake software solutions across organizations. Operations are anticipated to witness a growth in the applications segment because of the rising demand of IoT-enabled technologies. These technologies are mainly used for operations in manufacturing and IT organizations. On the basis of industry vertical, BFSI is projected to account for a large share in the market. Financial service institutes as well as several financial transactions in banks are managed by IT systems, invariably increasing the volume and variety of data, hence driving the growth of global data lakes market. 

Global Data Lakes Market: Regional Analysis

The global data lakes market is segmented on the basis of geography into North America, Europe, the Middle East and Africa, Asia Pacific, and Latin America. Due to early adoption of data management systems and technological advancements, North America has emerged as the chief contributor to the revenue generated by the market for global data lakes, and it is predicted that this region will further grow in the forecast period. Another market that looks promising is Asia Pacific. High adoption of technology and huge opportunities mainly across industry verticals are driving the growth of the market. 

Global Data Lakes Market: Key Players

The report profiles some of the prominent competitors functioning in the global data lakes market. It also offers insights into the threats and opportunities that the companies are expected to witness in the coming years. The global market for global data lakes is highly fragmented. Some of the key players are Microsoft Corporation, Capgemini, Informatica Corporation, Teradata, EMC Corporation, Oracle Corporation, SAP SE, Hitachi, Atos, and SAS Institute. 

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What valuable insights does the report provide?

  • The market study includes a thorough assessment of the various trends influencing the regional markets
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  • Assessment of top-tier market players and their position in the current market landscape
  • Growth prospects of the various market segments
  • Product-wise adoption analysis in terms of value, share, and volume

Important doubts addressed in the report:

  • What are the factors that are expected to define the roadmap of the global “keyword” market over the forecast period?
  • Which region is expected to draw the attention of the stakeholders in the upcoming years?
  • Why are the sales of product 1 outpacing that of product 2?
  • What is the primary area of focus among market players to gain a competitive edge?
  • What does the future hold in store for the global “keyword” market?

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This post was originally published on Aerospace Industry

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