Big Data Security Market:
Growth opportunities in the Big Data Security Market look promising over the next six years. This is mainly due to their increasing acceptance to avoid business disruptions or any other loss of information and the increasing cyber-attack demand for scalable solutions.
Big Data Security Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The augmenting cyber-attack demand for quantifiable safety solutions is one of the most crucial drivers responsible for the growth of the global big data security market. For example, ”Canva,” one of the prominent Australian graphic design tool websites in 2019, suffered from an attack that uncovered email addresses, usernames, cities of residence, and various other related information with hashed passwords. There has been an expansion in the attacks whose prime aim is to assail endpoints, cloud-based applications, and networks. This has further persuaded enterprises and businesses to choose these security solutions and evade intellectual property loss and business disturbances.
In addition, the surging incorporation of Artificial Intelligence (AI) and Machine Learning (ML) based applications has strengthened the big data security market size. The AI technology largely focuses on the execution of intelligent machines that can assist and mechanize processes. Machine learning, which is a subset of AI, permits the system to forecast outcomes without algorithms and precisely learn from their users. Large corporations and organizations are engaged in collecting data from several sources, making information security an important part for companies. The AI and ML help to investigate by decreasing the time taken by the authorities to restrain data thefts. Thus, these factors will drive the market demand. However, the inadequate budget and the immense installation cost of these solutions are the two significant factors that are hindering market growth.
Organization Size Segment Drivers
Based on the organization size, large enterprises are projected to witness a higher CAGR during the forecast period. This is mainly because most companies are concentrating on their surveillance policies and architecture to assimilate big data for the protection of critical assets from cyber-attacks. In addition, they increasingly opt for the big data security to safeguard the network, end-points, devices, users, data centers, and applications from unauthorized applications and attacks which is driving the market growth.
Big Data Security Market’s leading Manufacturers:
- Rapid7
- Check Point Software Technologies Ltd.
- Hewlett Packard Enterprise Development LP
- IBM
- FireEye, Inc.
- Talend
- Amazon Web Services (AWS)
- Oracle
- Microsoft Corporation
Big Data Security Market Segmentation:
Segmentation 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
Segmentation by Deployment Mode
- Cloud
- On-Premises
Segmentation by Organization Size
- Large Enterprises
- Small and Medium-sized Enterprises
Segmentation by Vertical
- Information Technology and Information Technology-Enables Services
- Telecommunications
- Healthcare and Social Assistance
- Retail Trade
- Utilities
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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