Global Big Data Security Market, Global Big Data Security Industry, Big Data Security Market Research Report - Ken Research

Rise in Adoption of Digital Technology Estimated to Drive Global Big Data Security Market over the Forecast Period: Ken Research

Big data security refers to a process for all the measures & tools used to guard both data and analytics processes from theft, attacks, or other malicious activities that could harm or negatively affect them. It has various characteristics that include variety, volume, velocity & veracity. It is used when traditional data mining & handling techniques cannot uncover the insights or meaning of the underlying data.

Global Big Data Security MarketAccording to study, “Global Big Data Security Market, By Component (Software, Service), By Software (Encryption, Data Masking, Access Control, Security Intelligence, Data Governance), By Service (Professional, Managed), By Deployment (Cloud, On-Premise) – Forecast 2023” the key companies operating in the global big data security market are Hewlett Packard Enterprise Company, McAfee LLC, IBM Corporation, Symantec Corporation, Rapid7, Inc., FireEye, Inc., LogRhythm, Inc., Microsoft Corporation, Amazon Web Services, Gemalto NV, Check Point Software Technologies Ltd., Proofpoint, Inc., Fortinet, Cloudera, Inc., Zettaset, Inc., Hortonworks Inc., Pivotal Software, Inc., Centrify Corporation, Thales E-Security, Imperva, Inc.

Based on component, big data security market is segmented into services component and software component. Services segment includes professional services (consulting, support & maintenance and education & training) and managed services. Software segment includes encryption & tokenization and data masking, access control, backup & recovery, big data governance, security intelligence and others (big data discovery, audit & reporting, and classification). Based on technology, market is segmented into Identity & Access Management (IAM), Intrusion Detection System/Intrusion Prevention System (IDS/IPS), security information and event management, Unified Threat Management (UTM) and others. Based on deployment model, market is segmented into cloud based deployment and on-premise based deployment. Cloud based deployment segment holds major share in market owing to growth in use of cloud computing in big data and improved flexibility & cost-efficiency. Based on organization size, market is segmented into large enterprises and small & medium-sized enterprises. In addition, based on industry vertical, market is segmented into Banking, Financial Services, and Insurance (BFSI), retail & ecommerce, telecommunications and IT, government & defense, healthcare & life sciences, media & entertainment industry, manufacturing industry, energy & utilities and others.

The big data security market is driven by rise in cyber-attacks demand for scalable & high security solutions, followed by increase in variety & volume of business data generated from various sources, rise in adoption of digital technology, growth of e-commerce industry, increase in trend of smartphone ownership & respective applications (apps), high investments in research & development (R&D) and growth in developing regulatory landscape. However, low data security budget & high installation cost of solutions and lack of data security awareness may impact the market. Moreover, rise in demand from small & medium enterprises and growth in demand for third-party managed security service providers are key opportunities for market.

Based on geography, the North-America region holds major share in big data security market owing to presence of large vendors with a strong customer base, growth in expenditure with regards to adoption of new technologies and rise in innovative technologies in the region. The European and Asian-Pacific regions are also expected to witness higher growth rate due to rise in cyber-security attacks and surge in demand for managed security services over the forecast period. In upcoming years, it is estimated that future of the market will be bright caused by rapid growth in the volume of the business data during the forecast period. The global market is anticipated to reach around US $ 36.5 billion by 2023 at a CAGR of 16.9%.

For more information, click on the link below:

Global Big Data Security Market

Contact Us:    

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91 9015378249

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , ,

scroll to top