Data Lakes Market Worth 8.81 Billion USD by 2021

PUNE, India, September 2, 2016 /PRNewswire/ --

According to a new market research report "Data Lakes Market by Software (Data Discovery, Data Integration, Data Lakes Analytics, Data Visualization), Business Functions (Marketing, Sales, Operations, Finance, HR), Service, Deployment, Organization Size, Vertical & Region - Global Forecast to 2021", published by MarketsandMarkets, the market is estimated to grow from USD 2.53 Billion in 2016 to USD 8.81 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 28.3%.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 65 market data Tables and 56 Figures spread through 141 Pages and in-depth TOC on "Data Lakes Market"

http://www.marketsandmarkets.com/Market-Reports/data-lakes-market-213787749.html 

Early buyers will receive 10% customization on this report.

The major forces driving the Data Lakes Market are the need for increased business agility and accessibility, increasing adoption of Internet of Things (IoT), potential for in-depth insights to drive competitive advantage, and growing volume and variety of business data. The Data Lakes Market is growing rapidly because of the transformation from traditional data management techniques for storage to advanced techniques and massive surge of flowing structured and unstructured data.

Operations business function is expected to grow at the highest CAGR 

Data lakes solutions are used for various business functions which include marketing, finance, sales, operations, and human resource. Operations are expected to witness the highest CAGR during the forecast period among all applications because of the growing demand of IoT-enabled technologies. These technologies are used for operations in IT and manufacturing organizations. Moreover, it also helps with resolving operations related issues in real-time and the need for streamline operations across industries.

BFSI is estimated to have the largest market size in 2016 

The Data Lakes Market is also segmented by various industry verticals, out of which the adoption of data lakes is expected to be the largest in the BFSI vertical as the volume and variety of data is increasing day by day with the growing demand of IT systems for financial transactions in banks and other financial services institutes.

North America is expected to dominate the Data Lakes Market during the forecast period 

North America is expected to hold the largest share of the Data Lakes Market in 2016 due to the technological advancements and early adoption of data management systems in the region. The market in APAC is expected to grow at the highest CAGR between 2016 and 2021. The primary driving forces for this growth are increasing technological adoption and huge opportunities across industry verticals in APAC countries, especially India, China, and Japan.

Ask for Sample Pages @ http://www.marketsandmarkets.com/requestsample.asp

The report also encompasses different strategies, such as mergers & acquisitions, partnerships & collaborations, and product developments, adopted by major players to increase their share in the market. Some of the major technology vendors include Microsoft Corporation (U.S.), Informatica (U.S.), Teradata (U.S.), Capgemini (France), EMC Corporation (U.S.), Oracle Corporation (U.S.), SAP SE (Germany), Hitachi (Japan), Atos (France), and SAS Institute (U.S.).

Browse Related Reports: 

Streaming Analytics Market by Type (Solution & Services), Applications (Fraud Detection, Sales & Marketing Management, Predictive Asset Maintenance, Risk Management, Network Management, Location Intelligence, & Operations Management), Vertical, Regions - Global Forecast to 2021

http://www.marketsandmarkets.com/Market-Reports/streaming-analytics-market-64196229.html

Big Data Market by Component (Software and Services), Type (Structured, Semi-Structured and Unstructured), Deployment Model, Vertical, and Region (North America, Europe, Asia-Pacific, Latin America & Middle East and Africa) - Global Forecast to 2021

http://www.marketsandmarkets.com/Market-Reports/big-data-market-1068.html

Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets 

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets 
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: [email protected]

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets