The global data lake market is expected to see exponential growth in the next few years, reaching $47.49 billion in 2028 at a CAGR of 21.5%. Major trends include technological advancements, hybrid and multi-cloud deployments, and a focus on data governance and security. Top companies in the market include Google, Microsoft, Dell, Huawei, Amazon Web Services, IBM, Cisco, Oracle, SAP, and NetApp. The increasing use of mobile and smart devices is a major driver for the market. Other drivers include real-time data processing, AI and machine learning integration, enhanced data governance, edge computing integration, and industry-specific solutions.
