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The global data lake market is expected to experience significant growth due to the increasing demand for scalable and cost-effective data storage solutions, driven by the exponential growth of data and adoption of cloud computing services. Data lakes serve as centralized repositories that allow organizations to store and analyze diverse data types and formats, enabling them to make informed decisions and maximize their data assets. Advancements in data processing technologies and the integration of machine learning and artificial intelligence applications further contribute to the market’s growth.
