The data lakes market size is expected to reach a value of USD 8.81 Billion by 2021, growing at a CAGR of 28.3% during the forecast period 2016-2021.
The data lakes market is segmented by software and services. The services segment is expected to grow at the highest CAGR during the forecast period, out of which data lakes services in the services segment is projected to witness the highest demand due to the growing need of data lake software solutions across organizations.
BFSI holds the largest share of the data lakes market in 2016. The growth is fueled by the growing need of people to simplify their workload related to security and their increasing dependence on data generated from various IT systems used for financial transactions. Healthcare & life science is expected to grow at the highest CAGR during the forecast period due to the increasing need to store and manage data coming from various connected healthcare devices and health record systems used across healthcare organizations.
Major business functions for which the data lake is deployed are marketing, sales, operations, finance, and human resources. The adoption of data lakes market for operations is expected to increase significantly in the coming years because of the increasing need for resolving operations related issues in real-time and the need for streamline operations across industries.
Organizations are fast deploying data lakes solutions either on their premises or on-demand. The demand for on-demand or cloud-based data lakes market solutions is increasing due to the cost-effective and time-efficient features; its growth is specifically high in SME's where low cost solutions are much required.
- EMC Corporation
- Hitachi Data Systems
- Microsoft Corporation
- Oracle Corporation
- SAP SE
- SAS Institute
- Teradata Corporation
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Data Lake Market Analysis, By Type
8 Data Lake Market Analysis, By Business Function
9 Data Lake Market Analysis, By Deployment Model
10 Data Lake Market Analysis, By Organization Size
11 Data Lake Market Analysis, By Industry Vertical
12 Geographic Analysis
13 Competitive Landscape
14 Company Profiling
For more information about this report visit http://www.researchandmarkets.com/research/xgjgtk/data_lakes_market
Related Topics: Software
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SOURCE Research and Markets