Global Data Lakes Market to Reach $19.5 Billion by 2027
Amid the COVID-19 crisis, the global market for Data Lakes estimated at US$4 Billion in the year 2020, is projected to reach a revised size of US$19.5 Billion by 2027, growing at aCAGR of 25.3% over the period 2020-2027. On-Premises, one of the segments analyzed in the report, is projected to record 24.5% CAGR and reach US$8.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hosted/On-cloud segment is readjusted to a revised 25.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 24.7% CAGR
The Data Lakes market in the U.S. is estimated at US$1.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.4 Billion by the year 2027 trailing a CAGR of 24.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 22.5% and 21.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 17.8% CAGR.We bring years of research experience to this 6th edition of our report. The 150-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Atos SE
- Capgemini SE
- EMC Corporation
- Hitachi Data Systems Corporation
- Informatica LLC
- Microsoft Corporation
- Oracle Corporation
- SAP SE
- SAS Institute, Inc.
- Teradata Corporation