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Data Lake Market Trends

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Growth Drivers

Challenges

Base Year	2023
Forecast Year	2024-2036
CAGR	25.2%
Base Year Market Size (2023)	USD 7.16 billion
Forecast Year Market Size (2036)	USD 132.97 billion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Author Credits: Abhishek Verma

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.

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