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.

Introduction of the Big Data Security Market Report

Big data security is the aggregate term that is used for all the measures and tools that are used to safeguard and defend the data and analytics process from different types of attacks, theft, and other malicious activities which could cause harm. The global big data security market covers various types of software such as data discovery and classification, data auditing and monitoring, data security analysis, among others.

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Market Dynamic

Key Drivers and Emerging Trends

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 website “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.

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.

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