Core Insights - The Lakehouse industry in China is experiencing rapid growth, with the market for Lakehouse platform software expected to reach 5.12 billion yuan in 2024, representing a year-on-year increase of 77.78% [1][13] - The integration of data lakes and data warehouses in Lakehouse technology reduces data redundancy, lowers storage costs, and enhances data processing timeliness [1][13] - The application of Lakehouse technology is primarily concentrated in high-digitization sectors such as the internet, telecommunications, and finance, with future expansion anticipated in government, industrial, and transportation sectors [1][13] Industry Overview - Lakehouse is a new data architecture that combines the flexibility of data lakes with the structured management capabilities of data warehouses, aiming to provide a unified, efficient, and low-cost data storage and analysis solution [2] - The industry has evolved through three stages: early exploration (before 2020), concept introduction and initial development (2020-2021), and rapid development (2022 to present), transitioning from technical exploration to large-scale application [7] Market Size - The Lakehouse platform software market in China is projected to reach 5.12 billion yuan in 2024, with a significant growth rate of 77.78% year-on-year [1][13] - The rapid development of the digital economy, expected to reach 63.2 trillion yuan in 2024 with a growth of 17.25%, is driving the demand for effective data management and analysis solutions [11] Industry Chain - The upstream of the Lakehouse industry chain includes servers, storage devices, switches, cloud service providers, computing engines, open-source formats, and data governance tools [9] - The midstream consists of Lakehouse solution and platform developers, while the downstream encompasses sectors such as finance, e-commerce, retail, manufacturing, healthcare, and public utilities [9] Key Companies - Key players in the Lakehouse industry include KJ Technology, StarRing Technology, Huawei Cloud, and Alibaba Cloud, each offering unique solutions and capabilities in the Lakehouse space [15][17] - KJ Technology's KeenData Lakehouse platform supports PB-level data governance and has reduced storage costs by 50% in financial and manufacturing sectors [15] - StarRing Technology's cloud-native Lakehouse platform supports 11 data models and has significantly improved performance in financial applications [15] Industry Development Trends - Future Lakehouse architecture will focus on "real-time and layered intelligent scheduling," balancing efficiency and cost, with expected storage cost reductions of over 40% [21] - The engineering platform is evolving towards "multi-agent collaborative autonomy," enhancing the efficiency of the entire data development process [22][23] - Security compliance and cost governance will shift from reactive to proactive measures, utilizing advanced technologies to ensure data safety and compliance [24]