DATA LAKE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Data Lake Market, By Component (Solutions (Data Discovery, Data Integration and Management, Data Lake Analytics, Data Visualization, Others), Services (Managed Services, Professional Services)), By Deployment Mode (On-premises and Cloud), By Organization Size (SMEs and Large Enterprises), By Industry Vertical (BFSI, Healthcare and Life Sciences, Manufacturing, Retail & E-commerce, and Government & Defense), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Recent Developments:

New product launches:

In October 2022, Oracle offered a comprehensive and fully integrated stack of cloud applications and cloud platform services that expand artificial intelligence models across industries to enhance customer experiences. To help organizations across different industries create more precise customer engagements, Oracle has added 15 baseline artificial intelligence (AI) models to Oracle Unity.
In August 2022, Teradata, a U.S.-based software company that provides cloud database and analytics-related software, products, and services, announced VantageCloud Lake, Teradata’s first product built on an all-new, next-generation cloud-native architecture.
In May 2022, Teradata introduced the Teradata Data Lake for analytics with support for data swaps that provide in-place access to analytics-ready data. This helps organizations accelerate time-to-value.

Acquisition and partnerships:

In October 2021, Databricks is a unified data analytics platform designed to assist organizations in processing, analyzing, and visualizing large volumes of data acquired 8080 Labs, an open source data integration company, to expand its capabilities to create cloud-based data pipelines. This acquisition strengthened Databricks’ presence in the data lake and data integration markets.
In June 2022, Confluent is a company known for its contributions to the Apache Kafka project and for providing a platform based on Kafka technology and MongoDB is a popular, open-source, document-oriented NoSQL database program partnered to simplify real-time data streaming between data lakes and operational databases. This joint solution helps developers build real-time applications.
In February 2022, Precisely is a company that specializes in data integrity, data integration, and data quality solutions acquired Cazena, a cloud data platform as a service company, to expand its data lake management capabilities. This move strengthened Precisely’s market position.