Sarasota, FL -- (SBWIRE) -- 08/22/2017 -- Global Data Lakes Market: Overview

People often get confused between data lake and data warehouse. This is due to the common factor between both of them—data storage. Data lake is a repository of stored data. These data may be structured, semi-structured or unstructured and raw. The structure and requirement of the data is not specified until it is needed.

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Global Data Lakes Market: Growth Factors

The main reason as to why the global data lakes market is boosting is due the low cost of storage. The data warehouses and data lakes perform the same function but execute it differently. They both do the job of data storage but are different in terms of cost. Data lakes need low cost for storing of data. And this is the major factor boosting the global data lakes market growth. The highly agile nature is also a key factor of the global data lakes market. Moreover, the ability to configure and reconfigure as needed is driving the global data lakes market growth. Other factors elevating the growth of global market are low labor cost, low maintenance cost, and low cost for raw materials.

Global Data Lakes Market: Segmentation

Based on the type of software, the global data lakes market is segment as data integration and management, data discovery, data visualization, and data lakes analytics. On the basis of the type of service, the global market is diversified into managed and professional. Further, the professional branch is burificated as data lakes services, support and maintenance, and system integration and deployment. Based on industry verticals, the global data lakes market is segmented as IT and telecom, retail, healthcare, government and defense, manufacturing and energy, BFSI, research and academic, and others. Based on the type of business functions, the global market is divided as marketing, operations, sales, human resources, and finance. On the basis of deployment mode, the global data lakes market is segmented as hosted/on-cloud and on-premises.

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Global Data Lakes Market: Regional Analysis

The global data lakes market is spread across North America, Europe, Asia Pacific, South America, and the Middle East and Africa. The U.S. in North America and European countries such as Germany also plays a vital role in the elevation of growth of global data lakes market. On the other hand, South America is said to rule the global data lakes market in the near future. Asia Pacific is said to be the fastest growing network for the global market owing to countries such as China and India which are adopting the new technologies.

Global Data Lakes Market: Competitive Players

The global data lakes market is very aggressive and cutthroat. Local as well as global players make the global data lakes market tougher. Notable players in the race of global data lakes market are Informatica Corporation, Microsoft Corporation, Teradata, EMC Corporation, Capgemini, SAP SE, Oracle Corporation, Atos, Hitachi, and SAS Institute.

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