Global Enterprise Data Lake Industry

New Study On “Global Enterprise Data Lake Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2025” Added to Wise Guy Reports Database

Latest News

The cloud computing giant, Amazon Web Services (AWS) have come up with innovative solutions to build data lake faster.

Overview

As companies all across the globe continue to leverage the power of data, an increasing number of companies have shifted their attention from the traditional models and have accepted analytics as to the crucial ingredient for taking important business decisions.

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One such technology that has ushered in recent years is the global enterprise data lake. The enterprise data lake differ from the data warehouse and has a flat-file structure. There are tons of reasons why the method is better than the other models and hence has attracted major companies who have been busy in upgrading the functionalities.

The global enterprise data lakes industry hit a significant high in the year 2018 and is expected to grow further at a compound annual growth rate of xx percent for the next few years. By the year 2025, the industry is expected to cross a major milestone in the industry.

Market Segmentation

There global enterprise data lake industry can be segmented into several factors based on the requirements. However, two major factors that have evolved in recent years are the type and the application of the industry.

Based on the type of product, the industry can be segmented into software and the services industry, while on the other hand, based on the application, the industry can be segmented into small enterprises, larger and medium enterprises. Each segment comes with its own sets of advantages and disadvantages and hence is used accordingly by the corporates.

Key Players in the industry

The enterprise data lake solutions have some of the most notable names in the industry. Major companies in the domain include names like SAP, Teradata, Atos, Hitachi, Podium Data, IBM, and several others. These companies have been in the industry long enough and know what works and what does not.

Factors driving the growth prospects

There is a slew of factors that affect the growth prospects of the industry. The increasing awareness among companies for the use of data analytics platforms to leverage growth and sustainability has helped the enterprise data lake grow by leap and bound in recent years.

On the other hand, major analytics software vendors have been expanding rapidly. Major improvements in the enterprise data lake have attracted customers to streamline their processes and retrieve meaningful and actionable insights from the data lakes. This has made a positive impact on the industry, and more and more industries have been adopting enterprise solutions rapidly.

Despite the improvements, the industry faces a major talent crunch. Industry-academic gap has made the matter worse, and hence companies have to train individuals to work on the latest solutions. This leads to overhead charges while slowing down the growth prospects of the companies.

Major Geographies

The enterprise data lake industry has a major global presence and is used extensively in most advanced nations like the United States, parts of Europe and Singapore. On the other hand, the software solution is increasingly adopted by the enterprises in India, and hence the Asia Pacific region is expected to show some great signs of growth.

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