Global Data Lake Market | Size, Trends, Forecast

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Global Data Lake Market Research Report – Segmentation By Software (Data Integration and Management, Data Discovery, Data Visualization, and Data Lake Analysis), Service (Management and Professional), Deployment Mode (Cloud and On-Premise), Business Function (Marketing, Sales, Operations, Finance and Human Resources), Industry Vertical (IT and Telecommunications, Retail, Healthcare, Government and Defense, Manufacturing and Energy, BFSI, Research and Education, and others), and Region - Forecast to 2027

Published: January, 2022

ID: 9566

Pages: 150

Global Data Lake Market Size, Share & Growth Analysis (2021 – 2026)

The global data lake market size is projected to grow from $ 8.1 billion in 2019 to $ 21.1 billion in 2025, at a compound annual growth rate (CAGR) of 20.6% over the anticipated period.

The term data lake is increasingly used to describe any large group of data in which data requirements are not defined until the data is queried. Data lakes offer several advantages, such as scalability, and can accommodate data at high speed. It also offers advanced analytics using the availability of large amounts of consistent data.

Data Lake also helps improve business agility, as this storage model supports multiple distributions and workloads of different sizes and types. This allows the data scientist to centralize mass data from multiple applications into the single logical storage pool. It can contain different types of data, including files, audio, video files, and databases.

There is a kind of complexity in understanding the difference between the data lake and the data warehouse among people, owing to the common factor of data storage in both of them. Data Lake is a repository of stored data, where data can be structured, semi-structured or unstructured and raw. The structure and requirement of the data is not specified until it is necessary.

Recent DEVELOPMENTS:

April 2019: Temenos, a leading banking software provider introduced Temenos Data Lake, which is considered as the first robust and productive data lake that integrates big data analysis into its banking software. Temenos Data Lake claims to offer ready-to-use data integration, availability and optimization to power AI-based banking applications.
January 2019: Tata Consultancy Services entered the market with its enterprise data lake solutions on the AWS Marketplace. The recently released software captures and manages all kinds of data in a central Hadoop repository.
In November 2019, Cloudera announced the Cloudera data platform (CDP) powered by Microsoft Azure. CDP is an integrated data platform that is easy to protect, manage and implement. CDP on Azure includes Cloudera's Shared Data Experience (SDX), helps to protect Data Lake in hours compared to weeks in the earlier days. It also replaces monotonous scripts with the convenience of defining and forgetting.
In October 2019, Teradata declared the launch of its novel offerings to support companies use Vantage to simplify their existing analytical ecosystems in their shift towards cloud. Teradata Vantage now unifies analysis, Data Lake and cloud computing warehouses.
In August 2019, AWS launched a fully managed service known as AWS Lake Formation to offer convenience to create, secure and manage data lakes for customers.

Market growth and trends:

Banking sector expected to experience significant growth

Banks have increased the use of data lakes to integrate data across multiple domains to create a central database. The Australian and New Zealand banking group (ANZ) has implemented a project to aggregate all of the data pools in their domains to create a central data lake for banking that will allow the bank to change the data storage architecture which normally used.

Banks are funding in data engineers to offer responsive data lakes to meet needs of the consumers and are trying to improve the utility of data for solutions on the go. The State Bank of India (SBI) provided data lakes, in addition to the commonly used data warehouse, to bank executives, the deputy managing director and head of news to provide analytics on the go.

The incline in digital transactions across the globe is raising the amount of data stored in banks for each activity. Therefore, opportunities related to Big Data analytics is expanding.

Drivers and Restraints:

The main reason why the global market for data lakes is growing is due to the low cost of storage. Data warehouses and data lakes perform the same function but in a different way. Data lakes, in general, require less expenses for data storage, which is the crucial aspect driving the expansion of the global market for data lakes. Highly agile nature is also a key factor in the global market for data lakes. Additionally, the ability to configure and reconfigure as needed drives growth in the global data lake market. Other factors that favor the growth of the world market are the low cost of labor, the low cost of maintenance and the low cost of raw materials.

However, data lakes face certain challenges, including slow boarding and data integration, as well as high costs after boarding and maintenance. This is why many organizations are reluctant to adopt data lakes, making it difficult for the data lake market to grow.

DATA LAKE MARKET REPORT COVERAGE:

REPORT METRIC	DETAILS
Market Size Available	2020 – 2026
Base Year	2020
Forecast Period	2022 - 2027
CAGR	20.6%
Segments Covered	By Software, Service, Deployment Mode, Business Function, Industry Vertical and Region
Various Analyses Covered	Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
Regions Covered	North America, Europe, APAC, Latin America, Middle East & Africa
Market Leaders Profiled	Informatica Corporation, Microsoft Corporation, Teradata, EMC Corporation, Capgemini, SAP SE, Oracle Corporation, Atos, Hitachi, and SAS Institute and Others.

Data Lake Market segmentation:

Data Lake Market By Software:

Based on the software type, the global data lake market is categorized into data integration and management, data discovery, data visualization, and data lake analysis.

Data Lake Market By Service:

Depending on the type of service, the global market is diverse in management and professional. In addition, the professional branch is buried as data lake services, support and maintenance, and systems integration and deployment.

Data Lake Market By Industry Vertical:

Based on industry verticals, the global data lake market is segmented into IT and telecommunications, retail, healthcare, government and defense, manufacturing and energy, BFSI, research and education, and others.

Data Lake Market By Business Function:

Depending on the business functions, the global market is divided into marketing, operations, sales, human resources, and finance.

Data Lake Market By Deployment Mode:

Based on the deployment mode, the global data lake market is segmented into cloud and local.

Regional Analysis:

The global data lakes market is spread across the regions in North America, Europe, Asia-Pacific, South America, the Middle East and Africa. The United States of North America and European countries like Germany are also playing a vital role in driving growth in the global data lake market. On the other hand, South America will lead the world market for data lakes in the near future. Asia-Pacific is said to be the fastest-growing network for the global market as countries like China and India are embracing new technologies.

Impact of Covid-19 in the Global Data Lake Market:

The lockdown caused by the Covid-19 pandemic has augmented the usage of work from home across the world, resulting in the creation of huge volumes of information and this is touted to augment the global data lake market in the coming years.

Key players in the market:

The global market for data lakes is very aggressive and unforgiving. Local and global actors are hampering the global market for data lakes. The main players in the race for the global data lake market are Informatica Corporation, Microsoft Corporation, Teradata, EMC Corporation, Capgemini, SAP SE, Oracle Corporation, Atos, Hitachi, and SAS Institute.

1. Introduction

1.1 Market Definition

1.2 Scope of the report

1.3 Study Assumptions

1.4 Base Currency, Base Year and Forecast Periods

2. Research Methodology

2.1 Analysis Design

2.2 Research Phases

2.2.1 Secondary Research

2.2.2 Primary Research

2.2.3 Data Modelling

2.2.4 Expert Validation

2.3 Study Timeline

3. Report Overview

3.1 Executive Summary

3.2 Key Inferencees

4. Market Dynamics

4.1 Impact Analysis

4.1.1 Drivers

4.1.2 Restaints

4.1.3 Opportunities

4.2 Regulatory Environment

4.3 Technology Timeline & Recent Trends

5. Competitor Benchmarking Analysis

5.1 Key Player Benchmarking

5.1.1 Market share analysis

5.1.2 Products/Service

5.1.3 Regional Presence

5.2 Mergers & Acquistion Landscape

5.3 Joint Ventures & Collaborations

6. Market Segmentation

6.1 Data Lake Market, By Software

6.1.1 Data Integration and Management

6.1.2 Data Discovery

6.1.3 Data Visualization

6.1.4 Data Lake Analysis

6.1.5 Market Size Estimations & Forecasts (2019-2024)

6.1.6 Y-o-Y Growth Rate Analysis

6.1.7 Market Attractiveness Index

6.2 Data Lake Market, By Service

6.2.1 Management

6.2.2 Professional

6.2.3 Market Size Estimations & Forecasts (2019-2024)

6.2.4 Y-o-Y Growth Rate Analysis

6.2.5 Market Attractiveness Index

6.3 Data Lake Market, By Deployment Mode

6.3.1 Cloud

6.3.2 On-Premise

6.3.3 Market Size Estimations & Forecasts (2019-2024)

6.3.4 Y-o-Y Growth Rate Analysis

6.3.5 Market Attractiveness Index

6.4 Data Lake Market, By Business Function

6.4.1 Marketing

6.4.2 Sales

6.4.3 Operations

6.4.4 Finance

6.4.5 Human Resources

6.4.6 Market Size Estimations & Forecasts (2019-2024)

6.4.7 Y-o-Y Growth Rate Analysis

6.4.8 Market Attractiveness Index

6.5 Data Lake Market, By Industry Vertical

6.5.1 IT and Telecommunications

6.5.2 Retail

6.5.3 Healthcare

6.5.4 Government and Defense

6.5.5 Manufacturing and Energy

6.5.6 BFSI

6.5.7 Research and Education

6.5.8 Market Size Estimations & Forecasts (2019-2024)

6.5.9 Y-o-Y Growth Rate Analysis

6.5.10 Market Attractiveness Index

7. Geographical Landscape

7.1 Global Identity Governance and Administration Market, by Region

7.2 North America - Market Analysis (2018 - 2024)

7.2.1 By Country

7.2.1.1 USA

7.2.1.2 Canada

7.2.2 By Software

7.2.3 By Service

7.2.4 By Deployment Mode

7.2.5 By Business Function

7.2.6 By Industry Vertical

7.3 Europe

7.3.1 By Country

7.3.1.1 UK

7.3.1.2 France

7.3.1.3 Germany

7.3.1.4 Spain

7.3.1.5 Italy

7.3.1.6 Rest of Europe

7.3.2 By Software

7.3.3 By Service

7.3.4 By Deployment Mode

7.3.5 By Business Function

7.3.6 By Industry Vertical

7.4 Asia Pacific

7.4.1 By Country

7.4.1.1 China

7.4.1.2 India

7.4.1.3 Japan

7.4.1.4 South Korea

7.4.1.5 South East Asia

7.4.1.6 Australia & NZ

7.4.1.7 Rest of Asia-Pacific

7.4.2 By Software

7.4.3 By Service

7.4.4 By Deployment Mode

7.4.5 By Business Function

7.4.6 By Industry Vertical

7.5 Latin America

7.5.1 By Country

7.5.1.1 Brazil

7.5.1.2 Argentina

7.5.1.3 Mexico

7.5.1.4 Rest of Latin America

7.5.2 By Software

7.5.3 By Service

7.5.4 By Deployment Mode

7.5.5 By Business Function

7.5.6 By Industry Vertical

7.6 Middle East and Africa

7.6.1 By Country

7.6.1.1 Middle East

7.6.1.2 Africa

7.6.2 By Software

7.6.3 By Service

7.6.4 By Deployment Mode

7.6.5 By Business Function

7.6.6 By Industry Vertical

8. Key Player Analysis

8.1 Informatica Corporation

8.1.1 Business Description

8.1.2 Products/Service

8.1.3 Financials

8.1.4 SWOT Analysis

8.1.5 Recent Developments

8.1.6 Analyst Overview

8.2 Microsoft Corporation

8.3 Teradata

8.4 EMC Corporation

8.5 Capgemini

8.6 SAP SE

8.7 Oracle Corporation

8.8 Atos

8.9 Hitachi

8.10 SAS Institute

9. Market Outlook & Investment Opportunities

Appendix

List of Tables

List of Figures

Global Data Lake Market By Region, From 2020-2025 ( USD Billion )
Global Data Lake Market By Software, From 2020-2025 ( USD Billion )
Global Data Integration and Management Market By Region, From 2020-2025 ( USD Billion )
Global Data Discovery Market By Region, From 2020-2025 ( USD Billion )
Global Data Visualization Market By Region, From 2020-2025 ( USD Billion )
Global Data Lake Analysis Market By Region, From 2020-2025 ( USD Billion )
Global Data Lake Market By Service, From 2020-2025 ( USD Billion )
Global Management Market By Region, From 2020-2025 ( USD Billion )
Global Professional Market By Region, From 2020-2025 ( USD Billion )
Global Data Lake Market By Deployment Mode, From 2020-2025 ( USD Billion )
Global Cloud Market By Region, From 2020-2025 ( USD Billion )
Global On-Premise Market By Region, From 2020-2025 ( USD Billion )
Global Data Lake Market By Business Function, From 2020-2025 ( USD Billion )
Global Marketing Market By Region, From 2020-2025 ( USD Billion )
Global Sales Market By Region, From 2020-2025 ( USD Billion )
Global Operations Market By Region, From 2020-2025 ( USD Billion )
Global Finance Market By Region, From 2020-2025 ( USD Billion )
Global Human Resources Market By Region, From 2020-2025 ( USD Billion )
Global Data Lake Market By Industry Vertical, From 2020-2025 ( USD Billion )
Global IT and Telecommunications Market By Region, From 2020-2025 ( USD Billion )
Global Retail Market By Region, From 2020-2025 ( USD Billion )
Global Healthcare Market By Region, From 2020-2025 ( USD Billion )
Global Government and Defense Market By Region, From 2020-2025 ( USD Billion )
Global Manufacturing and Energy Market By Region, From 2020-2025 ( USD Billion )
Global BFSI Market By Region, From 2020-2025 ( USD Billion )
Global Research and Education Market By Region, From 2020-2025 ( USD Billion )