Data Lake Market Size

Data Lake Market size was over USD 8.96 billion in 2024 and is poised to exceed USD 166.4 billion by 2037, witnessing over 25.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of data lake is evaluated at USD 10.88 billion.

The increasing demand for repositories for storage of structured and unstructured data along with the need for data processing and analytics are expected to aid the growth of the market. The growth of the market can be attributed to the growing adoption of Internet of Things (IoT) which will proliferate data further. As per IBM, 2.5 Quintillion bytes of data are generated each day. In addition, owing to increase in the usage of smart meters, huge amount of data is being generated which needs the use of Data Lakes. In the United States, a total of 70,823,466 smart meters have been installed according to U.S Energy Information Administration.