About Enterprise Data Lake
In today’s lively business environment, new data consumption requirements, and use cases emerge extremely rapidly. The data lake is increasingly being used to describe any large data pool in which the data supplies are not defined until the data is queried is booming the market demands. Enterprise data lake is designed to provide the necessary foundation to apparent way the enterprise-wide data access problem at its roots. Data lakes provide various benefits like scalability and can accommodate high-speed data. It also offers advanced analytics by utilizing the availability of large quantities of coherent data.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global Enterprise Data Lake market is fragmented due to the presence of regional and global manufacturers. The level of competition among the companies in the Enterprise Data Lake market is intense and manufacturers focus on developing new technologies and offering customized products to the customers. In the coming years, manufacturers will also develop new partnerships to spread their product reach to more customers globally. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Enterprise Data Lake market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cazena (United States), Google (United States), Infoworks.io (United States), Snowflake (United States), Dremio (United States), TCS (India), IBM (United States), Temenos (Switzerland), Informatica (United States), SAS Institute (United States), Microsoft (United States), Teradata (United States) and Oracle (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Zaloni (United States), Koverse (United States), HPE (United States), Atos (France) and Cloudera (United States).
Segmentation Overview
AMA Research has segmented the market of Global Enterprise Data Lake market by Type (Data Lake Architecture The Template Approach, Data Lake Architecture The “LakeHouse” Approach and Data Lake Architecture: The Cloud Data Platform Approach), Application (BFSI, Telecommunication and Information Technology (IT), Retail and eCommerce, Healthcare and Life Sciences, Manufacturing, Energy and Utilities, Media and Entertainment, Government and Others (Travel And Hospitality, Transportation and Logistics, and Education)) and Region.
On the basis of geography, the market of Enterprise Data Lake has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment Mode, the sub-segment i.e. On-premises will boost the Enterprise Data Lake market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Components, the sub-segment i.e. Software will boost the Enterprise Data Lake market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Function, the sub-segment i.e. Marketing will boost the Enterprise Data Lake market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organization size, the sub-segment i.e. Large Enterprises will boost the Enterprise Data Lake market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Demand for cloud-based data platforms to manage and mitigate data issues
Market Growth Drivers:
The growing need to extract in-depth insights from growing volumes of data to gain competitive advantage is key driving factor of growth
Challenges:
Data Security concern.
Restraints:
lack of metadata in data lake leading to data swamps
Opportunities:
Advancement in technologies such as use of AI and analytics is booming the demand for the enterprise data lake.
Market Leaders and their expansionary development strategies
In June 2023, Mont.Snowflake the Data Cloud company, last week concluded its fifth-annual Snowflake Summit conference and its largest data, apps, and AI event with nearly 12,000 in-person attendees live in Las Vegas, Nevada from June 26-29, and over 11,000 registered virtually. The four-day conference brought together customers, partners, technical experts, and executives from around the world as Snowflake unveiled new innovations that enable customers to bring generative AI to their data and build apps at scale — all within the secure and governed environment of the Data Cloud.
In April 2023,Mont. Snowflake, the Data Cloud company, announced the launch of the Manufacturing Data Cloud, which enables companies in automotive, technology, energy, and industrial sectors to unlock the value of their critical siloed industrial data by leveraging Snowflake’s data platform, Snowflake- and partner-delivered solutions, and industry-specific datasets. The Manufacturing Data Cloud empowers manufacturers to collaborate with partners, suppliers, and customers in a secure and scalable way, driving greater agility and visibility across the entire value chain.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Enterprise Data Lake Developer, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.