Big Data Security Market is anticipated to grow at a CAGR of 12.1% during forecast period and estimated to reach USD 44 billion by 2028, owing to the augmenting adoption of advanced safety solutions to address the privacy concerns.

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Key Drivers

The increasing cyber-attack demand for scalable big data security solutions is a major factor that is contributing to the growth of the global big data security market size over the coming years. For example, in 2019, one of the leading Australian graphic design tool websites “Canva” suffered from attack that exposed email addresses, usernames, cities of residence, and various other related information with hashed passwords. There has been an increase in the targeted attacks in which the attackers have specific aims mostly attack endpoints, networks, and cloud-based applications. This has encouraged organizations and businesses to opt for big data security solutions to avoid business disruptions, intellectual property loss, or any other loss of information. Moreover, the rapid digitalization, rising adoption of bring-your-own-device (BYOD) trend, rising awareness, and strategic investments in security solutions are some other factors projected to expand the market size. The ongoing advancements which include the integration of big data with networking and security and the incorporation of machine learning and artificial intelligence, are offering enormous opportunities for the market.

The growing adoption of Artificial Intelligence (AI) and Machine Learning (ML) based application is projected to surge the demand for big data security solutions. The AI technology emphasizes developing intelligent machines that can assist and automate processes. Machine learning, which is a subset of AI, allows machines to predict outcomes without algorithms and learn from their users accurately. As organizations and businesses are collecting the data from different sources, securing the information becomes an important part for companies. The AI and ML help in conducting security analysis in decreasing the time taken by the authorities to prevent data thefts. Thus, these factors are further boosting the demand for big data security solutions over the coming years.

Restraint in the Big Data Security Market

However, the low big data security budget and the high installation cost of these solutions are the two major factors that are hindering the growth of the global big data security market share.

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Deployment Mode – Segment Analysis

Based on the deployment, the cloud segment is predicted to grow at a higher CAGR during the forecast period. The big data security solutions can be easily deployed on-premises and offered in the form of cloud offering according to the business needs. The on-premises deployment model allows companies to have more control over all the big data security solutions, including next-generation firewalls and next-generation intrusion prevention systems. The growing demand for a cloud-based solution in SMEs as well as large organizations is a key driver that is responsible for the market growth.

Organization Size – Segment Analysis

Based on the organization size, the large enterprises segment is expected to grow at a higher CAGR during the forecast period. Most of the large companies are focusing on their security policies and architecture to incorporate big data for the protection of critical assets from cyber-attacks. These organizations are increasingly opting for big data security to safeguard the network, end-points, devices, users, data centers, and applications from unauthorized usage and attacks. This is one of the major factors that is helping the market to grow.

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Regional – Segment Analysis:

Based on the region, North America region is expected to dominate the market during the forecast period. Various organizations in this region such as Intel, are focusing on embracing their big data environment. Moreover, the White House also invested more than USD 200 million in the Big Data projects. Various sectors in this region are increasingly opting for big data solutions. For instance, Loblaws, one of the leading supermarket retail chains, uses the big data security solution to learn about their customers to provide value-added services and promotions, including discounts and rewards.
Factors like strong digital connectivity and rising awareness about cybersecurity are projected to support the Asia-Pacific region. Increasing prominence of the internet of things (IoT) and the huge data produced by various IoT devices has augmented the adoption of big data technologies to handle the data, identify data trends, is anticipated to expand the regional growth.

Top Market Players

Various notable players operating in the market, include Microsoft Corporation, IBM, Oracle, Google, Amazon Web Services (AWS), Hewlett Packard Enterprise Development LP, Talend, Check Point Software Technologies Ltd., FireEye, Inc., and Rapid7, among others. 

Key Developments:

• • In 2022, Anaconda entered into a strategic partnership with Oracle in order to offer a seamless and safe open-source innovation in the cloud.
  • In 2022, Barclays deploys Microsoft Teams as its most suited partnership platform around the world to enhance the connectivity for its employees.
  • In 2022, IBM acquired Databand.ai, a key vendor of data observability software that helps organisations to resolve data issues such as errors, pipeline failures, and poor quality before they influence their bottom line. This announcement is forecast to expand the IBM’s software portfolio across data, AI, and automation to cater the full spectrum of observability, helping businesses ensure that trustworthy data is placed in the hands of the right users at the right time.
  • In 2022, Amazon Web Services, Inc. (AWS), a subsidiary of Amazon.com, Inc., declared the availability of three new server less analytics offerings to make it easier for customers to interpret huge amounts of data without having to configure, scale, or manage the underlying infrastructure.
  • In 2020, IBM launched its upcoming capabilities for Cloud Pak for the security, that include data security solution which allows organizations to detect, respond, and protect from threats to their most sensitive data.
  • In 2020, Oracle and Microsoft Corporation increased their cloud collaboration with the new cloud interconnect location in Netherlands. The new interconnect location allows these businesses to share the data through various applications.
  • In 2020, Google annouched two new security offerings, Confidential VMs and Assured Workloads, for the governments to offer customers with advanced security tools to support compliances.

Segments covered in the Report:

The global Big Data Security market has been segmented on the basis of Component, Deployment Mode, Organization Size, Vertical and regions. Based on Component, the market is segmented into Software and Services. Based on Deployment Mode, the market is segmented into Cloud and On-Premises. Based on Organization Size, the market is segmented into Large Enterprises and Small and Medium-sized Enterprises. Based on Vertical the market is segmented into Information Technology and Information Technology-Enables Services, Telecommunications, Healthcare and Social Assistance, Retail Trade, Utilities, and Others. 

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Key questions answered in this research report:

• • At what pace is global Big Data Security market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Big Data Security market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Big Data Security market?
  • Which Component generated maximum revenues in 2019 and identify the most promising Component during the forecast period?
  • What are the various Deployment Mode areas of global Big Data Security market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Big Data Security Market by Component

• • Software
    • Data Discovery and Classification
    • Data Authorization and Access
    • Data Encryption
    • Tokenization and Masking
    • Data Auditing and Monitoring
    • Data Governance and Compliance
    • Data Security Analytics
    • Data Backup and Recovery
  • Services

Global Big Data Security Market by Deployment Mode

• • Cloud
  • On-Premises

Global Big Data Security Market by Organization Size

• • Large Enterprises
  • Small and Medium-sized Enterprises

Global Big Data Security Market by Vertical

• • Information Technology and Information Technology-Enables Services
  • Telecommunications
  • Healthcare and Social Assistance
  • Retail Trade
  • Utilities
  • Others

Global Big Data Security Market by Region

• • North America Big Data Security Market (Option 1: As a part of the free 25% customization)
    • By Component
    • By Deployment Mode
    • By Organization Size
    • By Vertical
    • US Market All-Up
    • Canada Market All-Up
  • Europe Big Data Security Market (Option 2: As a part of the free 25% customization)
    • By Component
    • By Deployment Mode
    • By Organization Size
    • By Vertical
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Big Data Security Market (Option 3: As a part of the free 25% customization)
    • By Component
    • By Deployment Mode
    • By Organization Size
    • By Vertical
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Big Data Security Market (Option 4: As a part of the free 25% customization)
    • By Component
    • By Deployment Mode
    • By Organization Size
    • By Vertical
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Big Data Security (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Microsoft Corporation
  • IBM
  • Oracle
  • Google
  • Amazon Web Services (AWS)
  • Hewlett Packard Enterprise Development LP
  • Talend
  • Check Point Software Technologies Ltd.
  • FireEye, Inc.
  • Rapid7