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

• Cloud
• On-Premises

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

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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Contact Person: Sarah Nash
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Simulation Software Market

GMI Research report projects that the Simulation Software Market will witness a promising CAGR of 12.7% over the forecast period, owing to the ongoing technological innovations. Simulation software refers to equipment that creates a real-time environment to test the efficiency of different products.

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Simulation software reduces the production expenditure and decreases training costs; thus, it is adopted by different companies such as automotive and healthcare which is a key factor strengthening the simulation software market. The remarkable features of simulation software make them suitable for the education and research sector. Growing demand for interpreting and managing the produced data with a huge demand for a user-friendly work environment has surged the market growth. Simulation software enhances the performance and offers improved flexibility which has increased the adoption of simulation software by small and medium organizations. However, the growing concerns about data safety might hamper the simulation software market share.

By component, the services segment is forecast to witness a faster CAGR over the coming years due to the growing awareness of the remarkable features of simulation services, such as improvement in the overall production process. Increasing use of simulation software across government agencies will bolster the simulation software market size.

By vertical, the aerospace & defense segment is predicted to expand at a higher CAGR during the forecast period due to the growing need to discover the efficiency and performance of the products designed to develop aircraft. Further, the increasing adoption of simulation software to interpret the substitute force structures.

By region, North America is expected to dominate the market during the forecast period. The strong presence of leading players and intensified investment for research and development activities to implement the technologies on sophisticated products will fuel the simulation software market growth.

Key Developments:

In 2020, PTC, Inc. innovated a 3D computer-aided design software called Creo 7.0. This software can put the power of AI at the fingertips of the designers, thus making the simulation an integrated part of the daily work.

In 2018, Bentley Systems procured LEGION, a pedestrian simulation software vendor. The company decided to enhance the comprehensive modeling environment of Bentley by the collaborative digital workflows to confirm the comparative simulations.

Simulation Software Market Segmentation:

Simulation Software Market by Component

• Software
  • Computational Fluid Dynamics
  • Finite Element Analysis
  • Electromagnetic Waves
• Services
  • Support & Maintenance
  • Design & Consulting

Simulation Software Market by Application

• Research & Development
• E-Learning & Training

Simulation Software Market by Deployment Mode

• On-Premises
• Cloud

Simulation Software Market by Vertical

• Aerospace & Defense
• Automobile
• Industrial Manufacturing
• Electrical & Electronics
• Education & Research
• Healthcare
• Others

Simulation Software 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

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

Simulation Software Market

GMI Research report projects that the Simulation Software Market will witness a promising CAGR of 12.7% over the forecast period, owing to the ongoing technological innovations. Simulation software refers to equipment that creates a real-time environment to test the efficiency of different products.

Request For a FREE Sample Report on Simulation Software Market

Simulation software reduces the production expenditure and decreases training costs; thus, it is adopted by different companies such as automotive and healthcare which is a key factor strengthening the simulation software market. The remarkable features of simulation software make them suitable for the education and research sector. Growing demand for interpreting and managing the produced data with a huge demand for a user-friendly work environment has surged the market growth. Simulation software enhances the performance and offers improved flexibility which has increased the adoption of simulation software by small and medium organizations. However, the growing concerns about data safety might hamper the simulation software market share.

By component, the services segment is forecast to witness a faster CAGR over the coming years due to the growing awareness of the remarkable features of simulation services, such as improvement in the overall production process. Increasing use of simulation software across government agencies will bolster the simulation software market size.

By vertical, the aerospace & defense segment is predicted to expand at a higher CAGR during the forecast period due to the growing need to discover the efficiency and performance of the products designed to develop aircraft. Further, the increasing adoption of simulation software to interpret the substitute force structures.

By region, North America is expected to dominate the market during the forecast period. The strong presence of leading players and intensified investment for research and development activities to implement the technologies on sophisticated products will fuel the simulation software market growth.

Key Developments:

In 2020, PTC, Inc. innovated a 3D computer-aided design software called Creo 7.0. This software can put the power of AI at the fingertips of the designers, thus making the simulation an integrated part of the daily work.

In 2018, Bentley Systems procured LEGION, a pedestrian simulation software vendor. The company decided to enhance the comprehensive modeling environment of Bentley by the collaborative digital workflows to confirm the comparative simulations.

Simulation Software Market Segmentation:

Simulation Software Market by Component

• Software
  • Computational Fluid Dynamics
  • Finite Element Analysis
  • Electromagnetic Waves
• Services
  • Support & Maintenance
  • Design & Consulting

Simulation Software Market by Application

• Research & Development
• E-Learning & Training

Simulation Software Market by Deployment Mode

• On-Premises
• Cloud

Simulation Software Market by Vertical

• Aerospace & Defense
• Automobile
• Industrial Manufacturing
• Electrical & Electronics
• Education & Research
• Healthcare
• Others

Simulation Software 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

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

3D Scanning Market

3D Scanning Market is anticipated to expand at a faster rate over the forecast period, owing to technological innovations in the 3D scanning technology.

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3D scanning is a non-destructive and non-contact technology that captures the details of the natural world with properties such as texture and color. 3D scanning technology is majorly adopted across commercial applications owing to the flexibility of customizing the technology to cater the professional needs. Growing demand for 3D scanning technology across different industry verticals owing to several advantages such as quickly collecting all the physical measurements, examining more harmful and not easily accessible areas, conserving designing time, and better safety.

A surge in the technological innovations in the 3D scanning technology to make the 3D scanners more compact, smaller, and strong and the growing application across different industries will further compel the market share. However, the huge cost of better resolution 3D scanners and the existence of economic substitutes will hamper the 3D scanning market size.

By type, the Structured Light 3D Scanners segment is predicted to expand at a faster CAGR over the forecast period because of the growing adoption of these scanners for 3D scanning in different application areas. In addition, as per the 3D scanning market research, various advantages of using structured light 3D scanners that include the ability to fast capture the quality 3D scans at high accuracy, production of accurate & dense data, enhanced safety for viewing, and high detail levels are further surging the demand for these scanners in the market.

By end-user industry, the automotive segment is expected to witness a promising CAGR over the forecast period. This is because of the growing implementation of 3D scanning in the automotive segment guided by the growing demand for inspection and control applications. 3D scanning offers several advantages in the automotive industry, such as measuring the hard-to-reach areas, like tunnels, performing precise measurements, and digitalizing the production line.

By region, Asia-Pacific is forecast to expand at a faster compound annual growth rate during the forecast period because of the rising adoption of 3D scanning methods across automotive and healthcare. In addition, as per the 3D scanning market analysis, the growing number of projects for the enhancement of infrastructure & construction projects and increasing surgeries for dental restoration are other factors driving the 3D scanning market.

Leading players operating in the market include HEXAGON, Faro Technologies, Inc., Topcon Corporation, Nikon Metrology NV, CREAFORM, Perceptron, Inc., Trimble Inc., 3D Digital Corporation, Carl Zeiss Optotechnik GmbH, and 3D Systems, Inc.

Key Developments:

In 2019, CREAFORM expanded its reseller channels for CUBE-R automated inspection solutions by adding two more European distributors – Measurement Solutions Ltd in UK and EMS in Belgium. The CUBE-R solution incorporates the MetraSCAN 3D-R, a strong robot-mounted optical 3-D scanner to be used in the factory automation systems and permits the producers to predict the assembly issues at the time of production and improve the product quality.

In 2018, HEXAGON innovated a 360º cell, a turnkey solution for the fully automated 3D measurement in a shop floor or quality room. This solution helps to improve the effectiveness of the optical measurement technology of the company.

3D Scanning Market Segmentation:

3D Scanning Market by Offering

• Hardware & Software
• Aftermarket Services

3D Scanning Market by Type

• Structured Light 3D Scanners
• Laser 3D Scanners

3D Scanning Market by Range

• Short Range
• Medium Range
• Long Range

3D Scanning Market by Technology

• Pattern Fringe Triangulation
• LASER Triangulation
• LASER Phase-Shift Based
• LASER Pulse Based Fluid

3D Scanning Market by Product

• Fixed CMM Based
• Tripod Mounted
• Desktop
• Portable CMM Based

3D Scanning Market by Application

• Reverse Engineering
• Quality Control & Inspection
• Virtual Simulation
• Others

3D Scanning Market by End-User Industry

• Healthcare
• Automotive
• Architecture & Construction
• Aerospace & Defense
• Tunnel & Mining
• Energy & Power
• Artifacts & Heritage Preservation
• Others

3D Scanning 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

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com