GITNUX MARKETDATA REPORT 2024

Data Lake Industry Statistics

The Data Lake industry is expected to witness significant growth in the coming years, driven by an increasing amount of data being generated and the need for scalable solutions to store and analyze this data.

Statistic 1

"The global data lake market size is expected to grow from USD 7.9 Billion in 2020 to USD 20.1 Billion by 2025, at a Compound Annual Growth Rate (CAGR) of 20.6% during the forecast period."

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Statistic 2

"North America is predicted to hold the largest market size in the global Data Lake Market during the forecast period."

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Statistic 3

"The healthcare sector is expected to grow at the highest CAGR during the forecast period in the data lake market."

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Statistic 4

"IBM, AWS, Oracle, Microsoft, Google, and others are major vendors offering data lake solutions globally."

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Statistic 5

"The data lake solution segment is expected to hold a larger market size during the forecast period."

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Statistic 6

"The data lake industry's managed services segment is expected to grow at a higher CAGR during the forecast period."

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Statistic 7

"The manufacturing industry is expected to hold the largest market size in the data lake market."

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Statistic 8

"90% of the data in the world has been created in the last two years."

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Statistic 9

"Large enterprises are expected to hold a larger market size during the forecast period in the data lake market."

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Statistic 10

"80-90% of data scientists' time is spent on cleaning and preparing data."

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Statistic 11

"It is predicted that about 1.7MB of data will be created every second for every person on earth by 2020."

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Statistic 12

"The Asia Pacific (APAC) region is expected to grow at the highest CAGR in the data lake industry."

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Statistic 13

"The marketing segment is expected to record the highest growth rate during the forecast period in the data lake market."

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Statistic 14

"A lack of long-term data governance and improper metadata management are the major challenges facing data lake vendors."

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Statistic 15

"The on-premises mode holds a higher market share in the data lake market."

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Statistic 16

"More than 60% of North American companies have an executive in their organization who is directly responsible for an AI strategy."

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Statistic 17

"The annual big data market growth is forecasted to reach $103 billion by 2027."

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