Global Data Lake Market - Growth Rate, Share, Forecast to 2023
The global data lakes market, according to a recent report by Market Research Future (MRFR), is expected to grow at a CAGR of approximately 28% during the forecast period 2017-2023. Drivers and Restraints developments in technology and storage devices are resulting in a lower-cost data warehouse, which is producing a higher number of users. the advancement of high volume storage technology such as Blu-ray disk with enhanced network connectivity features is driving down the cost of big data lakes storage. solid-state drives provide a better performance, higher readability, robustness, high data speed, stability and reliability, and resiliency, which is an additional market attraction. a rise in investments and striking applications growth and potential are significant opportunities for market players. Data lakes offer attractive benefits like high speed, scalability, centralization, advanced data lakes analytics, and integration of data, all in one system, which consists of coherence an...