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Data Lakes Market by Software, Business Functions, Service, Deployment, Organization Size, Vertical & Region - Global Forecast to 2021

Data Lakes Market: Global Forecast until 2021

  • September 2016
  • 152 pages
  • ID: 4138222
In this report:
The healthcare and life sciences vertical is expected to grow from USD ##.## million in 2016 to USD ##.## million in 2021, at the highest CAGR of ##.##% during the forecast period.
Latin America and MEA are expected to grow at CAGRs of ##.##% and ##.##% respectively, during the period 2016-2021.
The healthcare and life sciences vertical is expected to grow from USD ##.## million in 2016 to USD ##.## million by 2021 at the highest CAGR of ##.##%.


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"Massive surge in structured and unstructured business data is driving the rise"

MarketsandMarkets estimates the overall data lakes market to grow from ~$2.5B in 2016 to ~$8.8B by 2021, at a CAGR of 28.30 percent. The data lakes market is increasing quickly because of the transition from traditional techniques of data storage and management including data warehouse to advanced storage techniques and the massive surge of structured and unstructured business data.

"Marketing business function to have the biggest industry size in 2016"

Institutions across industry verticals are using different marketing tools and systems from online advertising bid management, web technology, marketing automation, to CRM. So marketing departments face challenges including integration of these technologies for taking the value out of all these data sets. Data lakes help them resolving these issues. So marketing is projected to have the largest part of market share in 2016 among all business functions.

"Healthcare & life sciences vertical to have the maximum growth rate during the estimate period"

Data lakes solutions have been deployed across several industry verticals, including BFSI, telecommunication & IT, retail & e-commerce, manufacturing, healthcare & life sciences, energy & utilities, transportation & logistics, media & entertainment, government & defense, and others. Healthcare & life sciences sector vertical is expected to witness the top compound annual growth rate during the outlook period by cause of the growing need for managing real-time data coming from different healthcare activities including patient's sleep analysis, calories burnt based on physical activities conducted, and so on.

"North America continent is forecasted to hold the biggest market share"

North America (NA), succeeded by EU, is anticipated to continue being the biggest revenue generating area for the data lakes vendors for the upcoming five years. This is primarily due to the presence of several developed economies including Canada and the U.S.A and because of the high focus on modernizations through industry research and development and technology across industry verticals. Asia-Pac is anticipated to be the more important increasing area in the data lakes market as a result of the rising adoption of IoT and smart technologies, and government initiatives including smart cities in APAC countries including China and India (IN).

Comprehensive interviews were managed with CEOs, marketing directors, other innovation and technology directors, and executives from numerous main institutions operating in the data lakes marketplace.

- By Company category - Tier 1 25.0 percent, Tier 2 40.0 percent, Tier 3 35.0 percent

- By Designation - C-Level - 50.0 percent, Director Level- 35%. Others- 15.0 percent

- By area - North america (NA)- 42%, Europe - 36.0 percent, APAC- 22.0 percent

Objectives of the Study

- To define, describe, and forecast the data lakes market based on software, service, business functions, deployment models, organization size, industry verticals, and localities

- To offer a in-depth information concerning the main factors influencing the increase of the market (drivers, market restraints, alternatives, and opportunities)

- To strategically analyze sub-segments with respect to individual developments trends, future perspectives, and contribution to the total market

- To analyze the alternatives in the industry for partners and to provide the details of a competitive landscape for top actors

- To forecast the revenue of market segments with respect to all the main regions, that is, North America continent, Europe (EU), Asia Pacific (APAC), the Middle East (ME) and African continent, and Latin America area

- To strategically profile top players and globally analyze their new developments and positioning

- To analyze competitive developments including mergers and acquisitions, new industry product developments, and Analysis and Growth activities in the sector

- Advisory companies

- Equity research companies

By area

- North america (NA)

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