Enterprise Data Lake Market - Forecast(2022 - 2027)

Report Code: ITR 0116 Report Format: PDF + Excel

Enterprise Data Lake Market Overview

Enterprise Data Lake market size was valued at $4.3 billion in 2020, and it is estimated to grow at a CAGR of 11.2% during 2021-2026. The growth is mainly attributed to the adoption of advanced technologies such as IoT, artificial, intelligence, big data analytics for enterprise resource planning applications and is poised to drive the enterprise data lake industry. Increasing investments on the development of advanced data lake solutions further boost the demand for enterprise data lake market.  The market will be driven by new channel programs such as E-commerce and social media programs. Big Data is defined as the capture, storage and analysis of large and complex data sets which are generally difficult to be processed or handled traditionally. Data analytics and information flow has dominated enterprise management practices for several decades in which traditional analytic methods has been applied to support decision making. As the evolution of technology took place they have increasingly enabled enterprises to capture, manage and analyze the data. The advancement of technology and rapid increase in the consumer demand for immediate deliveries, the importance of enterprise data lakes will tend to grow in coming years

Report Coverage

The report: “Enterprise Data Lake Market Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Enterprise Data Lake Market.
By Type: Software (Data Discovery, Data Integration & Management, Data Lakes Analytics, Data Visualization), Services (Managed Services, Professional Services); System Deployment and Integration (Support and Maintenance, Data Lake Services)
By Business Function: Marketing, Sales, Operations, Finance, Human Resources
By Deployment: On-Premises, Cloud
By Orgnization Size: Large Enterprises, Small and Medium Sized Enterprises.
By Geography: North America (U.S., Canada and Mexico); Europe (U.K., Germany, Italy, France, Rest of Europe); APAC (China, Japan, South Korea, India, Rest of Europe); South America 9Brazil, Argentina, Rest of Americas); RoW (Middle East & Africa)

Key Takeaways

  • North America dominated the Enterprise Data Lake market in terms of revenue in 2020 owing to the early adoption of advanced technologies and presence of major number of players.
  • Adoption of IoT technology has been pushing the Enterprise Data Lake industry with as connected sensors generate huge data which requires data lakes.
  • Deployment of cloud based data lake solution owing to its increased data security and cost efficiency enhancing the market growth.
  • High initial investment and deployment of on premise enterprise data-lake is a major challenge for data security which hampers the market growth.

Enterprise Data Lake Market, By Region, 2020

Enterprise Data Lake Market

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Enterprise Data Lake Market Segment Analysis- By Product Type 

Software held the major share of 42.3% in 2020 owing to the introduction of various data software platforms by players such as Microsoft, Oracle, IBM and others. Vendors are focusing on introduction of software platforms for self-service data ingest and data preparation with integrated metadata management, governance, and security. Adoption of some of the major software platforms such as Azure Data Factory, Azure Stream, Amazon Kinesis, Google Cloud Data Flow and others is poised to drive the market.

Enterprise Data Lake Market Segment Analysis- By Application

Cloud sector is the fastest growing segment in Enterprise Data Lake market and estimated to grow at a CAGR of 12.1% during forecast period 2021-2026. Most of the vendors focus on offering cloud based data lake solutions in order to maximize profits and automate the equipment maintenance process effectively. The adoption of cloud based has become feasible for all companies owing to its benefits such as cost effectiveness, easy maintenance of the generated data, capacity, data security and auto scaling. This provides opportunities for cloud based enterprise data lakes during forecast period.

Enterprise Data Lake Market Segment Analysis- By Geography

North America dominated the Enterprise Data Lake market in 2020 with a market share of 36.5%, followed by Europe and APAC owing to the early adoption of advanced technologies. Additionally, the presence of majority of Enterprise Data Lake vendors such as Microsoft Corporation, Oracle Corporation, and IBM Corporation are headquartered at U.S. and this increases the market growth. This is attributed to increasing volumes and importance of data in an organization. High investments in adoption of data lakes set to drive the market in this region.

Enterprise Data Lake Market Drivers

Increasing adoption of data lakes in medium and large enterprises

As medium and large enterprises involve in high investments in adoption of technologies and security, there has been growing demand date lakes which set to increase the market growth. In enterprises, data lakes eliminate the need for data modeling at the time of ingestion. Data lakes has strong versatility as it can store multi structured data from diverse sources. For instance, it can store logs, XML, sensor data, binary, social data, multimedia and others. This poised to drive the market.

Advancements in Technology

Adoption of Internet of Things in large enterprises has been fueling the market growth. As IoT deals with connected objects which generate huge volumes of data, there is high demand for data lakes in enterprises. Enterprises are deploying solutions such as Hadoop-based big data platforms and stream processing to build and maintain data lakes. Usually, data obtained from IoT devices has to be transformed, standardized and blended before it is ready for analysis. This process is slow and expensive and can translate into missed business opportunities. This has led to the simplification of the process by building a data lake that is flexible, fast, secure and cost-efficient. This set to drive the market.

Enterprise Data Lake Market Challenges 

Installing a Data Lake on-Premises

Installing a data lake solution on premises is much more complex when compared to cloud as spinning of data in the cloud is easy. As data lake often comes with a new set of tools and services that need to be understood. Additionally, this requires additional investment, either for recruiting to get the right team members or doing internal professional development to understand those new tools. Lack of skilled professionals hampers the growth of the enterprise Data Lake market.

Enterprise Data Lake Market Landscape

Acquisitions, and R&D activities are key strategies adopted by players in the Enterprise Data Lake market. Enterprise Data Lake top 10 companies include Microsoft Corporation, SAP SE, Oracle Corporation, SAS Institute Inc, Informatica Corporation, Cloudwick Inc, Snowflake Computing Inc, Zaloni Inc, Podium Data Inc, IBM Corporation and others.

Acquisitions/Technology Launches

  • In October 2019, SAP has planned to launch Data Lake for end user analytics.  It can be used by enterprises in order to support decision making and analytical workloads. This is poised to increase the Company’s Data Lake market share.

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1. Enterprise Data Lakes Market - Overview
        1.1 Definitions and Scope
2. Enterprise Data Lakes Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Enterprise Data Lakes Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Enterprise Data Lakes Market - Startup companies Scenario Premium Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Enterprise Data Lakes Market - Industry Market Entry Scenario Premium Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Enterprise Data Lakes Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Enterprise Data Lakes Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Enterprise Data Lakes Market - By Type(Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
            8.3.1 Software
                8.3.1.1 Data Discovery
                8.3.1.2 Data Integration & Management
                8.3.1.3 Data Lakes Analytics
                8.3.1.4 Data Visualization
            8.3.2 Services
                8.3.2.1 Managed Services
                8.3.2.2 Professional Services
                    8.3.2.2.1 System Deployment and Integration
                    8.3.2.2.2 Support and Maintenance
                    8.3.2.2.3 Data Lake Services
9. Enterprise Data Lakes Market Analysis By Business Function (Market Size -$Million / $Billion)
        9.1 Marketing
        9.2 Sales
        9.3 Operations
        9.4 Finance
        9.5 Human Resources
10.Enterprise  Data Lakes Market Analysis By Deployment Model (Market Size -$Million / $Billion)
        10.1 On-Premises
        10.2 On-Demand
11. Enterprise Data Lakes Market Analysis By Organization Size (Market Size -$Million / $Billion)
        11.1 Large Enterprises
        11.2 Small & Medium-Sized Enterprises
12. Enterprise Data Lakes Market Analysis By Industry Vertical (Market Size -$Million / $Billion)
        12.1 Telecommunications & IT
        12.2 Retail & Ecommerce
        12.3 Healthcare & Life Sciences
        12.4 Manufacturing
        12.5 Government
        12.6 Energy & Utilities
        12.7 Media & Entertainment
        12.8 Others
13. Enterprise Data Lakes- By Geography (Market Size -$Million / $Billion)
        13.1 Data Lakes Market - North America Segment Research
        13.2 North America Market Research (Million / $Billion)
            13.2.1 Segment type Size and Market Size Analysis
            13.2.2 Revenue and Trends
            13.2.3 Application Revenue and Trends by type of Application
            13.2.4 Company Revenue and Product Analysis
            13.2.5 North America Product type and Application Market Size
                  13.2.5.1 U.S
                  13.2.5.2 Canada
                  13.2.5.3 Mexico
                  13.2.5.4 Rest of North America
        13.3 Data Lakes- South America Segment Research
        13.4 South America Market Research (Market Size -$Million / $Billion)
            13.4.1 Segment type Size and Market Size Analysis
            13.4.2 Revenue and Trends
            13.4.3 Application Revenue and Trends by type of Application
            13.4.4 Company Revenue and Product Analysis
            13.4.5 South America Product type and Application Market Size
                  13.4.5.1 Brazil
                  13.4.5.2 Venezuela
                  13.4.5.3 Argentina
                  13.4.5.4 Ecuador
                  13.4.5.5 Peru
                  13.4.5.6 Colombia
                  13.4.5.7 Costa Rica
                  13.4.5.8 Rest of South America
        13.5 Data Lakes- Europe Segment Research
        13.6 Europe Market Research (Market Size -$Million / $Billion)
            13.6.1 Segment type Size and Market Size Analysis
            13.6.2 Revenue and Trends
            13.6.3 Application Revenue and Trends by type of Application
            13.6.4 Company Revenue and Product Analysis
            13.6.5 Europe Segment Product type and Application Market Size
                  13.6.5.1 U.K
                  13.6.5.2 Germany
                  13.6.5.3 Italy
                  13.6.5.4 France
                  13.6.5.5 Netherlands
                  13.6.5.6 Belgium
                  13.6.5.7 Denmark
                  13.6.5.8 Spain
                  13.6.5.9 Rest of Europe
        13.7 Data Lakes - APAC Segment Research
        13.8 APAC Market Research (Market Size -$Million / $Billion)
            13.8.1 Segment type Size and Market Size Analysis
            13.8.2 Revenue and Trends
            13.8.3 Application Revenue and Trends by type of Application
            13.8.4 Company Revenue and Product Analysis
            13.8.5 APAC Segment - Product type and Application Market Size
                  13.8.5.1 China
                  13.8.5.2 Australia
                  13.8.5.3 Japan
                  13.8.5.4 South Korea
                  13.8.5.5 India
                  13.8.5.6 Taiwan
                  13.8.5.7 Malaysia
                  13.8.5.8 Hong kong
                  13.8.5.9 Rest of APAC
        13.9 Data Lakes - Middle East Segment and Africa Segment Research
        13.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            13.10.1 Segment type Size and Market Size Analysis
            13.10.2 Revenue and Trend Analysis
            13.10.3 Application Revenue and Trends by type of Application
            13.10.4 Company Revenue and Product Analysis
            13.10.5 Middle East Segment Product type and Application Market Size
                  13.10.5.1 Israel
                  13.10.5.2 Saudi Arabia
                  13.10.5.3 UAE
            13.10.6 Africa Segment Analysis
                  13.10.6.1 South Africa
                  13.10.6.2 Rest of Middle East & Africa
14. Enterprise Data Lakes Market - Entropy
        14.1 New product launches
        14.2 M&A s, collaborations, JVs and partnerships
15. Enterprise Data Lakes Market - Industry / Segment Competition landscape Premium Premium
        15.1 Market Share Analysis
            15.1.1 Market Share by Country- Top companies
            15.1.2 Market Share by Region- Top 10 companies
            15.1.3 Market Share by type of Application - Top 10 companies
            15.1.4 Market Share by type of Product / Product category- Top 10 companies
            15.1.5 Market Share at global level - Top 10 companies
            15.1.6 Best Practises for companies
16. Enterprise Data Lakes Market - Key Company List by Country Premium Premium
17. Enterprise Data Lakes Market Company Analysis
        17.1 Market Share, Company Revenue, Products, M&A, Developments
        17.2 ATOS SE
        17.3 Capgemini
        17.4 EMC Corporation
        17.5 Hitachi Data Systems
        17.6 Informatica
        17.7 Microsoft Corporation
        17.8 Oracle Corporation
        17.9 SAP SE
        17.10 SAS Institute
        17.11 Teradata Corporation