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(I-SoftwareNews.Com, September 05, 2019 ) Market Overview
• A data lake is a centralized repository that allows you to store all your structured and unstructured data at any scale. You can store your data as-is, without having first to structure the data and run different types of analytics—from dashboards and visualizations to big data processing, real-time analytics, and machine learning to guide better decisions.Unstructured data files often include text and multimedia content. Examples include e-mail messages, word processing documents, videos, photos, audio files, presentations, webpages, and many other kinds of business documents.
• The report covers all the major trends and drivers playing a key role in the growth of the Data lakes market. Data lakes market is segmented by Offering, Deployment, End-user Industry, and Region.
Market Dynamics
• The global Data lakesare primarily driven by the rise in the data abruptly all around the world. This sudden rise of data because of the rising IoT has created the demand for the storage of data so that it can be used later for deriving insights. Hence the demand for low-cost storage and growing investments in smart cities, which are using IoT on a large scale all around the world will help in growing the market for the forecast period.
• For instance, the Government of India (GoI) announced the 30 new cities under Smart Cities Mission, taking the total number of proposed smart cities to 90 cities. The government has announced to develop 100 smart cities in India. The government has planned to invest INR 1.91 trillion (US$ 30 billion) for the 89 cities under the mission. As per the proposed investment, 80% of the funds would be spent on area-based development (ABD) and the remaining 20% of the funds on ICT Solutions.
Market segmentation
• By Deployment Type, the global Data lakes market is segmented into Cloud-based, and On-premise. On-premise have the dominant position in the Data lakes deployment market and is expected to retain its dominance over the forecasted period, mainly due to the adaptation of the technology by the bigger organization which are concern about data security and data privacy. However, Cloud-base also gaining the market due to the increasing demand by the SME because of cost-effective and time-effective solutions. It is expected that On-premise market will grow at a CAGR of ~XX% during the forecast period.
• By End-User, the global Data lakes market is segmented into BFSI, Oil & Gas, Healthcare, and Others. Oil & gas has a dominant position in the Data lakes market due to the rise in the oil & gas industry. Being able to predict and proactively repair wells to keep them functioning is vital since revenue is lost when a well is down, especially since the average offshore rig can cost up to $500,000 per day to operate. Given the sheer volume of data and the economics of the use cases, it is no surprise oil and gas is an early adopter of data lakes and analytics technologies.
Geographical Analysis
• By geography, the global Data lakesmarket is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).
• North America holds the largest market share for Data lakes as the leaders in innovation and developments. So, the adoption rate of new technology is also high in the region.And also, with the rise in the oil & gas industry in the region will boost the Data lakes market for North America in the forecast period.
• For instance, in July 2018, Attunity Wins $2.3M Term-based Deal with Large Oil and Gas Company (The customer) to Enable Strategic Microsoft ADLS Data Lake on Azure. The Customer, a leading oil and gas provider, based in North America, required a solution for consolidating very large data volumes, including an SAP table with approximately 1 billion rows, as well as data from various Oracle and SQL Server on-premises production platforms to the cloud-based data lake. The customer is not disclosed by the company.
Company profiles
The major players are
• Hortonworks,
• Google,
• Oracle,
• Microsoft,
• Others
View full sample report: https://www.datamintelligence.com/research-report/data-lakes-market
Download free sample: https://www.datamintelligence.com/download-sample/data-lakes-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
DataM Intelligence
Sai Kiran
+1 877 441 4866
pr@datamintelligence.com
Source: EmailWire.Com 
Source: EmailWire.com
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