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The Global Data Lake Market is valued at approximately USD $$ billion in 2021 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2022-2029. Systems called data lakes are used to store information in its unprocessed state and serve as a central hub for conveniently accessible data. The major driving factors for the market are the rising usage of IoT devices and the rise in the number of digital payments. North America is anticipated to hold the biggest market share due to increased information quantities across industries, rising data lake investments, and existing technological advancements.