New Analysis from Global Industry Analysts Reveals Robust Growth for Data Lakes, with the Market to Reach $15.9 Billion Worldwide by 2026

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Oct 07, 2021, 10:05 ET

SAN FRANCISCO, Oct. 7, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Data Lakes - Global Market Trajectory & Analytics." The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 36387
Companies: 44 - Players covered include Atos SE; Capgemini SE; Denodo; EMC Corporation; Hitachi Data Systems Corporation; IBM Corporation; Informatica LLC; Microsoft Corporation; Oracle Corporation; SAP SE; SAS Institute, Inc.; Talend; Teradata Corporation; and Others.
Coverage: All major geographies and key segments
Segments: Deployment (On-Premises, Hosted/On-cloud); Vertical (BFSI, IT & Telecom, Retail & eCommerce, Healthcare & Life Sciences, Manufacturing, Government, Other Verticals)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Data Lakes Market to Reach $15.9 Billion by 2026
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$15.9 Billion by 2026, growing at a CAGR of 25.3% over the analysis period. On-Premises, one of the segments analyzed in the report, is projected to record a 24.5% CAGR and reach US$8.1 Billion by the end of the analysis period. After a thorough 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 $1.6 Billion in 2021, While China is Forecast to Reach $2.8 Billion by 2026
The Data Lakes market in the U.S. is estimated at US$1.6 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.8 Billion by the year 2026 trailing a CAGR of 24.7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 22.5% and 21.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 17.8% CAGR. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.