Big Data Security Market
Big Data Security Market size is projected to reach a value of USD 44 billion by 2028, expanding at a CAGR of 12.1% over the forecast period (2021-2028), owing to the accelerating penetration of internet and growing investment in security solutions.
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Rapid digitalization and rising incidences of cyberattacks are the two prime reasons driving the global big data security market size. For example, Canva, a leading Australian graphic tool website went through an attack that revealed usernames, cities of residence, email address and other important information. Thus, to avoid business disturbances, property loss, and information leakage, various enterprises have adopted big data security solutions, fueling the market growth. Further, growing demand for advanced solutions like Machine Learning and Artificial Intelligence and their incorporation in big data security solutions, has augmented the global big data security market growth. Further, the stringent norms enforced by the government to curb the spread of coronavirus has encouraged the organizations and workers to adopt work from home policies. With the increasing adoption of these policies, the need for a cyber-safe working environment has increased, raising the need for big data security solutions. However, the installation cost of these technologies is very high, which might act as a restrain for start-ups.
By deployment, the cloud segment is expected to witness a higher CAGR during the forecast period. This can be attributed to better IT security at a higher speed and scalability offered by cloud deployment mode of big data. Also, the demand for cloud-based big data has increased primarily across SMEs which is likely to boost the segment’s growth.
By organization size, large enterprises segment will hold a larger share over the next seven years, owing to the increasing emphasis to integrate big data to prevent assets from cyber-attacks. Further, the increasing adoption of big data security by large organizations can be attributed to prevent devices, users, and data centers from unauthorized attacks and users.
By regional analysis, North America is likely to expand at a higher growth over the forecast period due to the strong presence of key companies such as Intel. The White House invested more t than USD 200 million in the Big Data projects, which has driven the Big Data Security Market share.
Key players in the big data security market, include IBM, Oracle, Microsoft Corporation, Google, Amazon Web Services (AWS), Talend, Check Point Software Technologies Ltd., Hewlett Packard Enterprise Development LP, FireEye, Inc., and Rapid7, among others.
Key Developments:
In 2020, IBM introduced its advancing capabilities for Cloud Pak for the safety, which include data security solution to enable organizations detect, respond, and prevent from threats to their most private data.
In 2020, Oracle and Microsoft Corporation extended their cloud collaboration with the new cloud interconnect location in Netherlands.
In 2020, Google launched two new security offerings, Confidential VMs and Assured Workloads, for the governments to provide customers with advanced security tools to support compliances.
Big Data Security Market Segmentation:
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
Big Data Security Market by Deployment Mode
Big Data Security Market by Organization Size
- Large Enterprises
- Small and Medium-sized Enterprises
Big Data Security Market by Vertical
- Information Technology and Information Technology-Enables Services
- Telecommunications
- Healthcare and Social Assistance
- Retail Trade
- Utilities
- Others
Big Data Security Market by Region:
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
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