Data Lake Market Revenue Analysis, Growth Rate, Size, Trend, Key Players and Forecast 2024
The global data lake market size is expected to grow from USD 7.9 billion in 2019 to USD 20.1 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 20.6% during the forecast period. The major growth factors of the data lake market include the increasing need to extract in-depth insights from growing volumes of data to gain a competitive advantage in the market, and simplified access to organizational data from departmental silos, mainframe, and legacy systems. A shift toward cloud-based data platforms to manage and mitigate data issues is further expected to offer opportunities for the increased adoption of the market. Top Key Players The major data lake market vendors include Microsoft (US), Teradata (US), Oracle (US), Atos (France), Cloudera (US), AWS (US), IBM (US), Temenos (Switzerland), Informatica (US), SAS Institute (US), Zaloni (US), Koverse (US), HPE (US), Cazena (US), Google (US), Infoworks.io (US), Snowflake (US), Dremio (US), TCS (India) and Exa...