Data Lake Market Outlook
The global data lake market is expected to be worth US$18.6 Bn by 2026, from US$8.3 Bn in 2021. During the forecast years 2021-2026, the global data lake market is anticipated to surge at a CAGR of 15.5%.
Data Lake Market to Significantly Gain from Expanse of Connected Technology
The global data lake market is expected to revolutionize data storage with its unparalleled capacity to ingest volumes of it. Its ability to store structured and unstructured data has won the market a soaring interest. Organizations across sectors are viewing data lakes as the next big opportunity to derive various kinds of analytics with data visualizations, big data processing, real-time processing, and machine learning for improved decision making. In the coming years, end users will utilize data lakes to enhance revenue growth of data lake market. The capability to run analytics on a wide scale of social media inputs, data gathered from click streams, and connected devices will bring forth incredible insights. As players in the global data lake market offer agile solutions, the uptake of data lakes is expected to garner excellent revenue-earning opportunities for the global data lake market.
Accessibility to Large Quantum of Data to Various End Users Drives Uptake in Data Lake Market
The demand for data lakes is expected to rise in the coming years as invested parties such as data engineers, analysts, product managers, data scientists, and executives can access vital information cost-effectively. Accessibility to an abyss of crucial data that can be viewed in innumerable ways to derive important insights and patterns to correct business courses for better income is expected to bode well for the global data lake market. A deeper look at the potential of data lake reveals that it will allow a more focussed, specialised, and expert look at business operations and products for aligning value systems to achieve organic growth.
BFSI Sector to Lead Global Data Lake Market
The banking and financial sector is expected to be the key end user of data lake in the coming years. Data lakes are expected to offer a scalable, secure, comprehensive, and cost-effective solution to varied financial services. Players are expected to cause disruption as a growing number of FinTech’s will adopt technologies such as artificial intelligence and machine learning for understanding data in a more comprehensive way. The huge amount of transactional and operational data being generated by banks, financial institutions, and insurance companies will have a credible solution with the implementation of data lakes, ensuring a one-point data processing and safe, scalable storage system. In value terms, the BFSI segment of data lake market was estimated to account for the relatively highest value share in 2021.
Scalability Upholds Positioning of Cloud Infrastructure in Global Data Lake Market
The cloud segment is the fastest-growing technology segment and is expected to continue to register a robust CAGR of 18.7% in terms of value between 2021 and 2026. The demand for cloud-based solutions will be driven by a lack of capital expenses in hardware and software. The ability to store unlimited structured and unstructured data on a unified platform will also bring attention to this segment of data lake market. Furthermore, options of scalability in cloud infrastructure with the help of various technologies will boost the segment growth in global data lake market over the coming years. Big players such as Amazon, Microsoft, and Google offer exceptionally agile environments that can scale on-demand to capture and store data at reasonable price points on cloud infrastructure. This also means that organizations pay as per use instead of for the infrastructure.
Presence of Key Players Drives North America's Success in Global Data Lake Market
In 2021, North America was the largest share of the data lake market and is expected to grow at an annual rate of 14.4% in terms of value between 2021 and 2022. The growing number of industries adopting data lakes for storing information is expected to fuel the growth of the data lake market in the region during the forecast period. The growing number of connected devices, adoption of IoT solutions for home and vehicle automation, and healthcare systems have collectively led to investments in data lakes to analyse patterns at larger levels. Furthermore, the presence of key players in the region and the fast adoption of big data analytics within financial institutions will play a key role in the development of this data lake market in the region.
Fairfield Market Research reports that, some of the key players operating in the global data lake market Microsoft Corporation, Google LLC, Apple Inc., IBM Corporation, Cisco Systems, Amazon, Dell, Cazena, Infoworks, and Dremio. Product innovation is expected to dominate the market growth trends in the coming years. Google recently announced the launch of BigLake, a new data lake storage engine that will enhance data analytics for companies using their data warehouses and data lakes.
The Global Data Lake Market is Segmented as Below:
By Offerings Coverage
- Solution
- Services
By Organisation Size Coverage
- Small and Medium Enterprises
- Large Enterprise
By End-Use Coverage
- Media and Entertainment
- Healthcare
- BFSI
- Manufacturing
- Retail and Ecommerce
- Government and Defence
- Others
By Deployment Coverage
- On Premise
- On Cloud
By Geographical Coverage
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Turkey
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- Egypt
- Rest of Middle East & Africa
Leading Companies
- Microsoft Corporation
- Google LLC
- Apple Inc.
- IBM Corporation
- Cisco Systems
- AMAZON
- Dell Inc.
- Cazena Inc
- Infoworks.io
- Dremio
Inside This Report You Will Find:
1. Executive Summary
2. Market Overview
3. Global Data Lake Market Outlook, 2018 - 2026
4. North America Data Lake Market Outlook, 2018 - 2026
5. Europe Data Lake Market Outlook, 2018 - 2026
6. Asia Pacific Data Lake Market Outlook, 2018 - 2026
7. Latin America Data Lake Market Outlook, 2018 - 2026
8. MEA Data Lake Market Outlook, 2018 - 2026
9. Competitive Landscape
10. Appendix
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1. Executive Summary
1.1. Global Data Lakes Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Analyst Recommendations
2. Market Overview
2.1. Market Definitions
2.2. Market Taxonomy
2.3. Market Dynamics
2.3.1. Drivers
2.3.2. Restraints
2.4. Value Chain Analysis
2.5. Porter’s Five Forces Analysis
2.6. Covid-19 Impact Analysis
2.7. Key Patents
3. Global Data Lakes Market Outlook, 2018 - 2026
3.1. Global Data Lakes Market Outlook, by Offerings, Value (US$ ‘000), 2018 - 2026
3.1.1. Key Highlights
3.1.1.1. Solution
3.1.1.2. Services
3.1.2. BPS Analysis/Market Attractiveness Analysis
3.2. Global Data Lakes Market Outlook, by Organization Type, Value (US$ ‘000), 2018 - 2026
3.2.1. Key Highlights
3.2.1.1. Small and Medium Enterprises
3.2.1.2. Large Enterprise
3.3. BPS Analysis/Market Attractiveness Analysis
3.4. Global Data Lakes Market Outlook, by End-User, Value (US$ ‘000), 2018 - 2026
3.4.1. Key Highlights
3.4.1.1. Media and Entertainment
3.4.1.2. Healthcare
3.4.1.3. BFSI
3.4.1.4. Manufacturing
3.4.1.5. Retail and Ecommerce
3.4.1.6. Government and Defence
3.4.1.7. Others
3.4.2. BPS Analysis/Market Attractiveness Analysis
3.5. Global Data Lakes Market Outlook, by Deployments, Value (US$ ‘000), 2018 - 2026
3.5.1. Key Highlights
3.5.1.1. On Premise
3.5.1.2. On Cloud
3.5.2. BPS Analysis/Market Attractiveness Analysis
3.6. Global Data Lakes Market Outlook, by Region, Value (US$ ‘000), 2018 - 2026
3.6.1. Key Highlights
3.6.1.1. North America
3.6.1.2. Europe
3.6.1.3. Asia Pacific
3.6.1.4. Latin America
3.6.1.5. Middle East & Africa
3.6.2. BPS Analysis/Market Attractiveness Analysis
4. North America Data Lakes Market Outlook, 2018 - 2026
4.1. North America Data Lakes Market Outlook, by Offerings, Value (US$ ‘000), 2018 - 2026
4.1.1. Key Highlights
4.1.1.1. Solution
4.1.1.2. Services
4.1.2. BPS Analysis/Market Attractiveness Analysis
4.2. North America Data Lakes Market Outlook, by Organization Type, Value (US$ ‘000), 2018 - 2026
4.2.1. Key Highlights
4.2.1.1. Small and Medium Enterprises
4.2.1.2. Large Enterprise
4.2.2. BPS Analysis/Market Attractiveness Analysis
4.3. North America Data Lakes Market Outlook, by End-User, Value (US$ ‘000), 2018 - 2026
4.3.1. Key Highlights
4.3.1.1. Media and Entertainment
4.3.1.2. Healthcare
4.3.1.3. BFSI
4.3.1.4. Manufacturing
4.3.1.5. Retail and Ecommerce
4.3.1.6. Government and Defence
4.3.1.7. Others
4.3.2. BPS Analysis/Market Attractiveness Analysis
4.4. North America Data Lakes Market Outlook, by Deployments, Value (US$ ‘000), 2018 - 2026
4.4.1. Key Highlights
4.4.1.1. On Premise
4.4.1.2. On Cloud
4.4.2. BPS Analysis/Market Attractiveness Analysis
4.5. North America Data Lakes Market Outlook, by Country, Value (US$ ‘000), 2018 - 2026
4.5.1. Key Highlights
4.5.1.1. U.S.
4.5.1.2. Canada
4.5.2. BPS Analysis/Market Attractiveness Analysis
5. Europe Data Lakes Market Outlook, 2018 - 2026
5.1. Europe Data Lakes Market Outlook, by Offerings, Value (US$ ‘000), 2018 - 2026
5.1.1. Key Highlights
5.1.1.1. Solution
5.1.1.2. Services
5.1.2. BPS Analysis/Market Attractiveness Analysis
5.2. Europe Data Lakes Market Outlook, by Organization Type, Value (US$ ‘000), 2018 - 2026
5.2.1. Key Highlights
5.2.1.1. Small and Medium Enterprises
5.2.1.2. Large Enterprise
5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Europe Data Lakes Market Outlook, by End-User, Value (US$ ‘000), 2018 - 2026
5.3.1. Key Highlights
5.3.1.1. Media and Entertainment
5.3.1.2. Healthcare
5.3.1.3. BFSI
5.3.1.4. Manufacturing
5.3.1.5. Retail and Ecommerce
5.3.1.6. Government and Defence
5.3.1.7. Others
5.3.2. BPS Analysis/Market Attractiveness Analysis
5.4. Europe Data Lakes Market Outlook, by Deployments, Value (US$ ‘000), 2018 - 2026
5.4.1. Key Highlights
5.4.1.1. On Premise
5.4.1.2. On Cloud
5.4.2. BPS Analysis/Market Attractiveness Analysis
5.5. Europe Data Lakes Market Outlook, by Country, Value (US$ ‘000), 2018 - 2026
5.5.1. Key Highlights
5.5.1.1. Germany
5.5.1.2. France
5.5.1.3. U.K.
5.5.1.4. Italy
5.5.1.5. Spain
5.5.1.6. Rest of Europe
5.5.2. BPS Analysis/Market Attractiveness Analysis
6. Asia Pacific Data Lakes Market Outlook, 2018 - 2026
6.1. Asia Pacific Data Lakes Market Outlook, by Offerings, Value (US$ ‘000), 2018 - 2026
6.1.1. Key Highlights
6.1.1.1. Solution
6.1.1.2. Services
6.1.2. BPS Analysis/Market Attractiveness Analysis
6.2. Asia Pacific Data Lakes Market Outlook, by Organization Type, Value (US$ ‘000), 2018 - 2026
6.2.1. Key Highlights
6.2.1.1. Small and Medium Enterprises
6.2.1.2. Large Enterprise
6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. Asia Pacific Data Lakes Market Outlook, by End-User, Value (US$ ‘000), 2018 - 2026
6.3.1. Key Highlights
6.3.1.1. Media and Entertainment
6.3.1.2. Healthcare
6.3.1.3. BFSI
6.3.1.4. Manufacturing
6.3.1.5. Retail and Ecommerce
6.3.1.6. Government and Defence
6.3.1.7. Others
6.3.2. BPS Analysis/Market Attractiveness Analysis
6.4. Asia Pacific Data Lakes Market Outlook, by Deployments, Value (US$ ‘000), 2018 - 2026
6.4.1. Key Highlights
6.4.1.1. On Premise
6.4.1.2. On Cloud
6.4.2. BPS Analysis/Market Attractiveness Analysis
6.5. Asia Pacific Data Lakes Market Outlook, by Country, Value (US$ ‘000), 2018 - 2026
6.5.1. Key Highlights
6.5.1.1. India
6.5.1.2. China
6.5.1.3. Japan
6.5.1.4. Australia & New Zealand
6.5.1.5. Rest of Asia Pacific
6.5.2. BPS Analysis/Market Attractiveness Analysis
7. Latin America Data Lakes Market Outlook, 2018 - 2026
7.1. Latin America Data Lakes Market Outlook, by Offerings, Value (US$ ‘000), 2018 - 2026
7.1.1. Key Highlights
7.1.1.1. Solution
7.1.1.2. Services
7.1.2. BPS Analysis/Market Attractiveness Analysis
7.2. Latin America Data Lakes Market Outlook, by Organization Type, Value (US$ ‘000), 2018 - 2026
7.2.1. Key Highlights
7.2.1.1. Small and Medium Enterprises
7.2.1.2. Large Enterprise
7.2.2. Latin America Analysis/Market Attractiveness Analysis
7.3. Latin America Data Lakes Market Outlook, by End-User, Value (US$ ‘000), 2018 - 2026
7.3.1. Key Highlights
7.3.1.1. Media and Entertainment
7.3.1.2. Healthcare
7.3.1.3. BFSI
7.3.1.4. Manufacturing
7.3.1.5. Retail and Ecommerce
7.3.1.6. Government and Defence
7.3.1.7. Others
7.3.2. BPS Analysis/Market Attractiveness Analysis
7.4. Latin America Data Lakes Market Outlook, by Deployments, Value (US$ ‘000), 2018 - 2026
7.4.1. Key Highlights
7.4.1.1. On Premise
7.4.1.2. On Cloud
7.4.2. BPS Analysis/Market Attractiveness Analysis
8. MEA Data Lakes Market Outlook, 2018 - 2026
8.1. MEA Data Lakes Market Outlook, by Offerings, Value (US$ ‘000), 2018 - 2026
8.1.1. Key Highlights
8.1.1.1. Solution
8.1.1.2. Services
8.1.2. BPS Analysis/Market Attractiveness Analysis
8.2. MEA Data Lakes Market Outlook, by Organization Type, Value (US$ ‘000), 2018 - 2026
8.2.1. Key Highlights
8.2.1.1. Small and Medium Enterprises
8.2.1.2. Large Enterprise
8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. MEA Data Lakes Market Outlook, by End-User, Value (US$ ‘000), 2018 - 2026
8.3.1. Key Highlights
8.3.1.1. Media and Entertainment
8.3.1.2. Healthcare
8.3.1.3. BFSI
8.3.1.4. Manufacturing
8.3.1.5. Retail and Ecommerce
8.3.1.6. Government and Defence
8.3.1.7. Others
8.3.2. BPS Analysis/Market Attractiveness Analysis
8.4. MEA Data Lakes Market Outlook, by Deployments, Value (US$ ‘000), 2018 - 2026
8.4.1. Key Highlights
8.4.1.1. On Premise
8.4.1.2. On Cloud
8.4.2. BPS Analysis/Market Attractiveness Analysis
8.5. Middle East & Africa Data Lakes Market Outlook, by Country, Value (US$ ‘000), 2018 - 2026
8.5.1. Key Highlights
8.5.1.1. GCC
8.5.1.2. South Africa
8.5.1.3. Rest of Middle East & Africa
8.5.2. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape
9.1. Company Market Share Analysis, 2019
9.2. Company Profiles
9.2.1. Microsoft Corporation
9.2.1.1. Company Overview
9.2.1.2. Key Retailing Partners
9.2.1.3. Business Segment Revenue
9.2.1.4. Ingredient Overview
9.2.1.5. Product Offering & its Presence
9.2.1.6. Certifications & Claims
9.2.2. Google LLC
9.2.2.1. Company Overview
9.2.2.2. Key Retailing Partners
9.2.2.3. Business Segment Revenue
9.2.2.4. Ingredient Overview
9.2.2.5. Product Offering & its Presence
9.2.2.6. Certifications & Claims
9.2.3. Apple Inc.
9.2.3.1. Company Overview
9.2.3.2. Key Retailing Partners
9.2.3.3. Business Segment Revenue
9.2.3.4. Ingredient Overview
9.2.3.5. Product Offering & its Presence
9.2.3.6. Certifications & Claims
9.2.4. IBM Corporation
9.2.4.1. Company Overview
9.2.4.2. Key Retailing Partners
9.2.4.3. Business Segment Revenue
9.2.4.4. Ingredient Overview
9.2.4.5. Product Offering & its Presence
9.2.4.6. Certifications & Claims
9.2.5. Cisco Systems
9.2.5.1. Company Overview
9.2.5.2. Key Retailing Partners
9.2.5.3. Business Segment Revenue
9.2.5.4. Ingredient Overview
9.2.5.5. Product Offering & its Presence
9.2.5.6. Certifications & Caims
9.2.6. AMAZON.
9.2.6.1. Company Overview
9.2.6.2. Key Retailing Partners
9.2.6.3. Business Segment Revenue
9.2.6.4. Ingredient Overview
9.2.6.5. Product Offering & its Presence
9.2.6.6. Certifications & Claims
9.2.7. Dell
9.2.7.1. Company Overview
9.2.7.2. Key Retailing Partners
9.2.7.3. Business Segment Revenue
9.2.7.4. Ingredient Overview
9.2.7.5. Product Offering & its Presence
9.2.7.6. Certifications & Claims
9.2.8. Cazena
9.2.8.1. Company Overview
9.2.8.2. Key Retailing Partners
9.2.8.3. Business Segment Revenue
9.2.8.4. Ingredient Overview
9.2.8.5. Product Offering & its Presence
9.2.8.6. Certifications & Claims
9.2.9. Infoworks
9.2.9.1. Company Overview
9.2.9.2. Key Retailing Partners
9.2.9.3. Business Segment Revenue
9.2.9.4. Ingredient Overview
9.2.9.5. Product Offering & its Presence
9.2.9.6. Certifications & Claims
9.2.10. Dremio
9.2.10.1. Company Overview
9.2.10.2. Key Retailing Partners
9.2.10.3. Business Segment Revenue
9.2.10.4. Ingredient Overview
9.2.10.5. Product Offering & its Presence
9.2.10.6. Certifications & Claims
10. Appendix
10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations
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2021 - 2026 |
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Offerings Coverage |
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Organisation Size Coverage |
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End-Use Coverage |
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Deployment Coverage |
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Geographical Coverage |
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Report Highlights |
Market Estimates and Forecast, Market Dynamics, Industry Trends, Competition Landscape, Product-, Application-, Region-, Country-wise Trends & Analysis, COVID-19 Impact Analysis, Key Trends |
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