Data Lake Market Share

APAC Market Statistics

Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. Asia Pacific industry is predicted to hold largest revenue share by 2036, owing to increasing amount of data and need to develop solutions to store and analyse the same by major technology companies in the region.

North America Market Analysis

Furthermore, in 2021, the market in North America is evaluated to occupy the largest share in terms of revenue, owing to the presence of major companies in the region and their rising data volumes across industry verticals. Along with this, the North America also leads in terms of investments and adoption of big data technologies, which is also expected to contribute to the market growth in the region. Alternatively, the market in Europe is also anticipated to occupy a significant share in the data lake market on account of new regulations for data privacy that require enterprises to remove customer data upon request.

Frequently Asked Questions (FAQ)

Increasing amount of raw data produced on a daily basis and the demand for big-data analytics.

The market is anticipated to attain a significant CAGR over the forecast period, i.e., 2021-2029.

High cost of boarding and upkeep, and the need for skilled personnel are estimated to hamper the growth of the market

High cost of boarding and upkeep, and the need for skilled personnel are estimated to hamper the growth of the market.

The major players dominating the data lake market are Microsoft Corporation, Informatica Corporation, Teradata, Capgemini, and IBM among others.

Data Lake Market Share