Data Lake Sector: Growth Drivers and Challenges
Growth Drivers
- Increasing amount of raw data produced on a daily basis
- Increasing demand for big-data analytics
Challenges
- High cost of boarding and upkeep
- Requires high levels of skill
Data Lake Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
25.2% |
|
Base Year Market Size (2024) |
USD 8.96 billion |
|
Forecast Year Market Size (2037) |
USD 166.4 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of data lake is evaluated at USD 10.88 billion.
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.
Asia Pacific industry is expected to hold largest revenue share by 2037, owing to increasing amount of data and need to develop solutions to store and analyse the same by major technology companies in the region.
The major players in the market are Microsoft Corporation, Informatica Corporation, Teradata, Capgemini, and IBM, among others.
