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Published Tue, Apr 19th 2022
Data Lake Market to Surge at a Robust Pace In Terms Of Revenue Over 2027 Data Lakes Market is projected to boom rapidly as the need for a platform which can store and manage the large volume of data with respect to customer information and behaviour has increased due to the increase in competition across industries. Posted via Industry Today. Follow us on Twitter @IndustryToday
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A data lake is a centralized repository that helps to store all the structured and unstructured data at any scale. It offers the storage of data without having to first structure the data, and run different types of analytics. The analytics used within the data lake includes Machine Learning, Predictive Analytics, data discovery, and profiling.
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Data scientists, data developers, and business analysts (using curated data) are the major endusers of the data lake. Global Data Lake Market – Dynamics
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Increasing Focus on Enhancing Customer Interactions within an Enterprise The need for a platform that can store and manage the large volume of data with respect to customer information and behavior has increased due to the increase in competition across industries. A data lake can combine customer data from a CRM platform with social media analytics, a marketing platform that includes buying history, and incident tickets which can be used to improve the customer loyalty toward the company.
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Improves Operational Efficiency Internet of Things (IoT) introduces more ways to collect data related to processes such as manufacturing, with realtime data coming from internetconnected devices. The need for operational efficiency with respect to cost and data analytics has increased across the globe. A data lake makes it easy to store and run analytics on machinegenerated IoT data to discover ways to reduce operational costs and increase quality.
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Lack of Skilled Professionals is Restricting Growth of the Market Lack of Professional Expertise with Regards to Data Science
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The number of professional experts in data science and with the skill set to manage the data lake is comparatively less. The level of HDI is low majorly in the Asia Pacific and South America compared to other regions. Therefore, the number of skilled and professional workers is low in these regions. Lack of awareness and low HDI is restricting the growth of the data lake market. North America Expected to Dominate the Global Data Lake Market
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In terms of region, the global data lake market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the global data lake market during the forecast period, as the adoption of AI and machine learning technologies within this region is very high compared to other regions.
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Global Data Lake Market Competition Landscape In October 2019, SAP SE announced the launch of a data lake for enduser analytics. It will provide an elastic data lake and data connectivity for analytics. In February 2018, TCS launched an enterprise data lake for advanced analytics on the Amazon Web Services platform which transforms enduser customer experience through cloudbased realtime Big Data analytics. Amazon Web Services, Inc. Established in 2006, Amazon Web Services, Inc. has headquartered in Seattle, Washington, United States. AWS offers a data lake solution that automatically configures the core AWS services necessary to easily tag, search, share, transform, analyze, and govern specific subsets of data across a company or with other external users. Get a Customized Research Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=30017 Global Data Lake Market: Segmentation The global data lake market can be segmented based on: Enterprise Size Industry Region Global Data Lake Market, by Enterprise Size Based on enterprise size, the global data lake market can be divided into: Small & Medium Enterprises Large Enterprises Global Data Lake Market, by Industry In terms of industry, the global data lake market can be segregated into: Banking, Financial Services & Insurance Telecom & Information Technology (IT) Manufacturing Construction Wholesale Distribution Nonprofit Organizations Chemicals Food and Beverage Retail Others (Hospitality, Government, Public Sector, etc.) This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a closeknit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their missioncritical priorities with confidence.
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Inquiry Before Buying: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=30017 Follow us: The scrutiny of the various forces impacting the dynamics of the market, and key and associated industries, guides enterprises in understanding various consumer propositions. Our clients leverage these insights and perspectives to enhance the customer experience in the fastpaced business environment. All our insights and perspectives are broadly based on 4 Pillars or Stages: ASBCS, which offers an elaborate and customizable framework for the success of an organization. The essence and the roles of these in organizational successes are highlighted below: Agenda for CXOs: TMR, through the study, sets the tone for agendas that are pertinent to CEOs, CFOs, CIOs, and other CXO executives of businesses operating in the market. These perspectives help our clients to bridge the gap between agenda and action plan. TMR strives to offer guidance to CXOs to undertake missioncritical activities empowered by various business analysis tools, and boost the performance of the organizations. The perspectives guide you to decide on your own marketing mix that aligns well with the policies, visions, and mission. Strategic Frameworks: The study offers how organizations are setting both shortterm and longterm strategic plans. Our team of experts collaborate and communicate with you to understand these to make your organization sustainable and resilient during tough times. These insights help them decide on sustainable competitive advantage for each business unit. TMR Latest News Publication: IoT Operating Systems Market The drive for a realtime response that meets the special characteristics of IoT is a key underpinning for the expansion of avenues in the IoT operating systems market. Though a wide range of operating systems and opensource databases have gained traction in recent years, the interest of IoT developers for Linux is remarkable. About Us Transparency Market Research is a nextgeneration market intelligence provider, offering factbased solutions to business leaders, consultants, and strategy professionals. Our reports are singlepoint solutions for businesses to grow, evolve, and mature. Our realtime data collection methods along with the ability to track more than one million highgrowth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making the right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of the right sense of factoriented problemsolving methodologies and leveraging existing data repositories. TMR believes that the unison of solutions for clientsspecific problems with the right methodology of research is the key to helping enterprises reach the right decision. Contact Us Transparency Market Research State Tower 90 State Street, Suite 700, Albany NY 12207 United States USA Canada TollFree: 8665523453 Email: sales@transparencymarketresearch.com Website: https://www.transparencymarketresearch.com
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