Global Big Data Security Market at A Highest CAGR of 17.2 % to rapidly growing $ 43.31 billion

Global Big Data Security Market, By Component (Software, Services), Technology (Identity, Access Management, Security Information, Event Management, Intrusion Detection System, Unified Threat Management), Deployment Model (On-Premises, Cloud), Organization Size (Small and Medium-Sized Enterprises, Large Enterprises),

Market Analysis: Global Big Data Security Market

The Global Big Data Security Market is expected to reach USD 43.31 billion by 2025, from USD 22.96 billion in 2017 growing at a CAGR of 17.2% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year is 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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Market Definition: Global Big Data Security Market

Big data security is a major concern as cyber-attacks become more intensive and severe. With the advancements in technology, the cyber security attacks are becoming sophisticated day by day eluding all the traditional security tools, leading to demand for advanced protection techniques such as big data security. The future of big data heavily relies on the technological ambits that ensure data security. Data certainly is the new oil as businesses – big or small aim to leverage it to drive revenues and ROIs. This is also resulting in fast proliferation of data points that are highly vulnerable if not secured effectively. The recent ransomware attacks had a major effect on many of the organizations operating worldwide, triggering a sense of urgency.  Scalable data encryption security solutions have become the need of the hour for businesses when deploying big data technologies for various data mining and analytics purposes. Increasing sophistication in the attacking techniques leaving the data vulnerable, in addition to rising volumes of data generated by different enterprises is the key factor driving the market of big data security. According to NYSE, Ensono acquired Wipro’s data centres for $405m to expand its big data storage. The company also gained a workforce of over 900 employees will manage over 260,000 MIPS and over 30,000 hosted servers. Due to this, the company would be able manage its big data storage and security so the market is expected to grow in the coming years.

Market Drivers:

  • Increasing volume of business data generated from multiple sources
  • Demand for scalable high security solutions in increasing cyber-attacks

Market Restraint:

  • Lack in awareness of data security
  • Low data security budget and high installation cost

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Segmentation: Global Big Data Security Market

By Component

  • Software
    • Encryption, tokenization, and data masking
    • Backup and recovery
    • Access control
    • Security intelligence
    • Big data governance
    • Others (audit and reporting, big data discovery and classification)
  • Service
    • Managed services
    • Professional services
      • Support and maintenance
      • Consulting services
      • Education and training

By Technology

  • Identity and Access Management
  • Security Information and Event Management
  • Intrusion Detection System
  • Unified Threat Management
  • Others

By Deployment Model

  • On-Premises
  • Cloud

By Organization Size

  • Small and Medium-Sized Enterprises
  • Large Enterprises

By Industry Vertical

  • Banking, Financial Services and Insurance
  • Telecommunications and IT
  • Retail and Ecommerce
  • Healthcare and Life Sciences
  • Manufacturing
  • Government and Defense
  • Energy and Utilities
  • Media and Entertainment

Competitive Landscape: Global Big Data Security Market

The global big data security market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of friction modifiers market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

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