The global data lakes market is poised to expand at a whopping 28% CAGR over the estimated years (2017-2023). Data lakes simply put, are storage systems that can store data in huge amounts in the raw form. Such unstructured data can be used further by analysts and data scientists to transform and remodel the same into diversified data sets. It also augments business agility due to the fact that it supports numerous workloads and distributions of varied types and sizes. Data lakes can comprise of varied forms of data including databases, video, audio and files. In this processing data system, a company can place everything from people data, social data, business process, competitor data, partner’s data, external and internal data and more. Some of its alluring benefits include advanced data lakes analytics, high speed, scalability, integration and centralization of data under a single system that includes pattern identification and coherence.

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Market Segmentation

Based on component, it is segmented into service and software. Software is again segmented into data visualization, data lakes analytics, data integration & management and data discovery. Service is further segmented into professional services and managed services. Again, professional services are further segmented into support and maintenance, system integration and deployment and data lakes services. Of these, services will dominate the data lakes market over the estimated years.

Based on business function, it is segmented into human resources, sales, finances, marketing and operations. Of these, operations are predicted to lead the market.

Based on organization size, the data lakes market is segmented into large enterprises and small and medium enterprises. Of these, small and medium enterprises will have the largest share in the market.

Based on deployment, it is segmented into on-premise and cloud. Of these, cloud segment will dominate the data lakes market over the estimated years.

Based on vertical, Data Lake Market Size is segmented into energy and utilities, media and entertainment, IT and telecommunication, manufacturing, healthcare and BFSI. Of these, BFSI will have the maximum share in the market.

Key Players

Key players profiled in the data lakes market include ATOS SE (France), Hitachi (Japan), SAP SE (Germany), SAS institute (U.S.), Cloudera Inc. (U.S.), Zaloni (U.S.), Oracle Corporation (U.S.), EMC Corporation (U.S.), Capgemini (France), Teradata Corporation (U.S.), Informatica (U.S.), Microsoft Corporation (U.S.), and others.

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