USD 32.55 Billion
Big Data Security Market Size, Share, Growth Analysis, By Software(Data Discovery & Classification, Data Authorization & Access, Data Encryption, Tokenization & Masking), By Deployment(Cloud, On-premises), By Organization Size(Large Enterprise, Small and Medium Enterprise), By Vertical(Healthcare & Social Assistance, IT and IT-Enabled Services, Telecom, Finance & Insurance), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45J2104 |
Region:
Global |
Published Date: August, 2024
Pages:
197
|Tables:
117
|Figures:
77
Big Data Security Market Insights
Global Big Data Security Market size was valued at USD 28.55 Billion in 2022 and is poised to grow from USD 32.55 Billion in 2023 to USD 92.85 Billion by 2031, at a CAGR of 14% during the forecast period (2024-2031).
Often, the possibility of accessing vast data sets overshadows the effort for hacking organizations to come up with security measures. This has brought out the two-sided nature of big data that offers endless chances either for corporate giants or hackers. As such, unsecured organizations have to face the nagging risk of incurring substantial losses when hacked. With this, large data management organizations require more than elaborate cyberattack prevention techniques but traditional data mining strategies. Despite this, big data analytics are growing in popularity among cybersecurity experts as the only way to strengthen their defenses. The big data environment is vulnerable primarily because of the complex routing of data from sources such as CRM systems and sensors to storage and analysis sites. Although a lot of businesses use frameworks, including Hadoop, to implement big data platforms, such systems often lack proper security safety measures. More integrated strategies are in demand by businesses than one-time data encryption. Tech firms are responding to this need by coming out with cloud solutions that enhance security. For instance, in August 2021, McAfee Enterprise announced MVISION Unified Cloud Edge (UCE), a SASE solution built on a cloud-native methodology to augment Dynamics 365 functionalities. Moreover, the COVID-19 pandemic spurred advancements in the big data security market through increasing corporations' adoption of remote working. Higher volumes of new unprocessed data were produced with increased online activity and increasing incidents of cyberattacks that necessitated new enhanced security solutions.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
On-premises
Fastest Growth
On-premises
Growth Rate
14% CAGR
Global Big Data Security Market By Geography ($ Bn)
Country Share for North America Region (%)
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Big Data Security Market Segmental Analysis
Global Big Data Security Market is segmented into software, deployment, organization, vertical, and region. By software, the market is classified into Data Discovery & Classification, Data Authorization & Access, Data Encryption, Tokenization & Masking, Data Auditing & Monitoring, Data Governance & Compliance, Data Security Analytics, and Data Backup & Recovery. Depending on deployment, it is bifurcated into cloud-based and on-premises. According to organization size, the market is divided into large enterprise and small & medium enterprise. As per vertical, it is fragmented into Healthcare & Social Assistance, IT and IT-Enabled Services, Telecom, Finance & Insurance, Retail Trade, and Utilities. Regionally, it is analyzed across North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
Global Big Data Security Market Analysis by Deployment
In the big data security market, the on-premises deployment segment gained a huge market share in 2023. This method enables the business to install and maintain its software on its own servers and hold control and customization opportunities. Businesses enjoy total control of their security solutions, which may comprise customized intrusion prevention systems and next-generation firewalls. On the other hand, it is highly capital-intensive in terms of IT equipment at the onset while continuously charging fees for maintenance and updates. It is hard for small firms to successfully integrate big data solutions since their resource needs are concerned although big data solutions may seemingly give security and control to them.
Contrarily, over the forecast period, cloud deployment is predicted to grow at the highest rate. Cloud-based systems that provide big data security solutions offer numerous benefits to organizations, such as stronger IT security, faster implementation times, and scalability. The demand for big data security solutions is expected to rise within several industry sectors as more businesses move their applications to the cloud. The need to have flexible solutions that adapt easily to changing company requirements and growth in volumes of data informs this trend. Furthermore, cloud security companies constantly seek ways to improve what they have to offer, thereby making it easy for companies to protect their data in a constantly evolving, networked world.
Global Big Data Security Market Analysis by Organization Size
The large enterprise segment in the big data security market held the maximum market share in 2023. They actively modernize the guidelines and architectural framework of security by adopting big data analytics for safeguarding valuable assets from numerous cyber-attacks. The purpose of the big data security solutions is core to protect important assets such as data centers, endpoints, networks, users, apps, and devices against ransomware attacks and unauthorized access. With analytics and new security solutions, big organizations can improve their detection capabilities against threats, manage crisis situations much better, and ensure compliance with regulations. All this will eventually lead to a more secure operating environment.
The most probable growth sector during the next years for the big data security market is the SMEs segment. As more and more firms become aware of how vital it is to secure their data and their digital assets, they're beginning to employ cutting-edge security solutions designed specifically according to their requirements. SMEs face more specific challenges in their operations, such as limited finance and resources, in fully implementing security solutions. However, with the fast development of low-cost big data security options and cloud-based solutions, it has become relatively easier for SMEs to enhance their cybersecurity stance. The market growth is anticipated to be faster as more awareness is realized concerning the need for proper security arrangements and their availability.
Global Big Data Security Market By Deployment
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Big Data Security Market Regional Insights
North America had the biggest market share in 2023. Big companies have great interest in big data environments, particularly significant tech giants like Intel. With data breaches increasingly happening, the area of big data security is in great need. The increasing adoption rate of security solutions for big data and cloud services in major IT businesses puts a growing demand for big data security in Canada. IBM announced in July 2022 that it has signed a security services contract with Defense Microelectronics Activity (DMEA) which, through it, will be able to protect and trust the semiconductor supply chain for any of the critical mission platforms supporting the military and national security programs.
Asia-Pacific is expected to hold the highest CAGR over the forecast period. Along with such fast-paced digitalization, machine learning, AI, and IoT in China, India, Australia, and South Korea comes creating humongous assets in the form of data. Data assets such as these need protection against a good variety of security risks and threats. The enactment of various security-related laws and regulations by multiple governments across the globe such as the Security of Critical Infrastructure Protection Act by the Australian government, the Cybersecurity Act by the Singapore government, and the Information Technology Act, 2000 (ITA or IT Act) by the Indian government have led to the need for data-centric security solutions to protect against such cyber threats.
Global Big Data Security Market By Geography
- Largest
- Fastest
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Big Data Security Market Dynamics
Global Big Data Security Market Drivers
Growing Risks to Cybersecurity
- The demand for big data security solutions is growing rapidly due to increasingly advanced and frequent attacks. All kinds of organizations interested in collecting and analyzing huge volumes of data have emerged as easy prey for hackers wishing to gain access to private data. More threat landscapes force businesses to invest in state-of-the-art security solutions that can protect them effectively from ransomware and data breaches, amongst other malicious activities, and which will fuel market growth.
Norms for Regulatory Compliance
- With the increasing data protection standards of GDPR, HIPAA, and CCPA, big data security solutions are becoming essential for enterprises. Strict measures regarding security have to be adopted to avoid heavy fines in case of violation while safeguarding sensitive data. With increasing corporate demand for big data security solutions to fulfill their legal obligations, there is an increasing market for security suppliers who will be able to help companies navigate the complexities of regulatory environments.
Restraints
High Implementation Costs
- The initial investment and other ongoing costs of big data security solutions are a significant barrier for many businesses, more so for SMEs. These costs include purchasing the required hardware, software, and infrastructure and other costs such as training staff, maintaining systems and updating them. The huge financial cost could deter some companies from implementing extensive security arrangements, thus limiting the expansion of markets in general.
Complexity of Integration
- For organizations, integrating big data security solutions into the current IT architecture may be a bit complicated. For most companies, an organization has to contend with several platforms and legacy systems while introducing new security solutions. Such complexity can hold businesses at bay from fully implementing big data security solutions due to the risk of operational disruptions and also unavoidable delays in deployment. These integration problems may thus limit the scope of markets that such firms may enter and, especially for those with lower levels of technical proficiency, are thus less predicted to break into more integrated sectors.
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Big Data Security Market Competitive Landscape
Key industry players in the big data security market include IBM, Oracle, HPE, Thales, and Microsoft among others who have been focusing on rolling out several new solutions that target specific industries. They expand their breadth of data usage to deliver new solutions, update their apparatus and technology, and enhance their competence in big data security solutions.
Top Player’s Company Profiles in Global Big Data Security Market
- IBM Corporation (US)
- Microsoft Corporation (US)
- Oracle Corporation (US)
- Cisco Systems, Inc. (US)
- Dell Technologies Inc. (US)
- Palo Alto Networks, Inc. (US)
- Fortinet, Inc. (US)
- Check Point Software Technologies Ltd. (Israel)
- Trend Micro Incorporated (Japan)
- Splunk Inc. (US)
- F5 Networks, Inc. (US)
- Akamai Technologies, Inc. (US)
- Proofpoint, Inc. (US)
- Rapid7, Inc. (US)
- LogRhythm, Inc. (US)
- Zscaler, Inc. (US)
- Varonis Systems, Inc. (US)
- Sumo Logic, Inc. (US)
- SailPoint Technologies Holdings, Inc. (US)
- BigID, Inc. (US)
Global Big Data Security Market Recent Developments
- In January 2023, OpenText announced the acquisition of MicroFocus; such a supplier of crucial software technologies and services that help clients accelerate digital transformation. This acquisition expands the business goal of OpenText in better managing the new generation of tools—AI & Analytics, applications modernization & delivery, cybersecurity, and digital operations management.
- In July 2022, IBM announced that it had reached an agreement with the Defense Microelectronics Activity to offer security services. The deal aimed at assisting DMEA in securing high-quality and reliable semiconductors for mission platforms that form the backbone of military and national security projects.
- In October 2022, IBM Diamondback Tape Library, with its set of data resilience solutions, a high-density archival storage solution to reduce the space requirements of organizations in their data centers and carbon footprint, IBM has made improvements in data resiliency and sustainability through protection against ransomware and other cyber threats in a hybrid cloud environment.
Big Data Security Key Market Trends
- Adoption of AI and Machine Learning: Increasingly, big data security solutions are making use of AI and ML technology. These advanced technologies enhance the capability of identifying threats by conducting live analyses of real-time data in pattern recognition and predicting potential threats. AI and ML are increasingly adopted by organizations for increasing the entire cybersecurity posture with automated security operations, enhancing accuracy, and decreasing reaction time.
- Shift to Cloud-Based Security Programs: The growing search for scalability and flexibility in the security policies among enterprises resulted in a shift towards cloud-based big data security solutions. With such benefits not having to bear the burden of large on-premises infrastructure, organizations have found it much easier to rapidly respond to changing security needs as well as achieve cutting-edge security capabilities. This development is expected to benefit most small and medium-sized organizations which do not have much at their disposal in terms of resources for on-site security measures, and thus their demand for cloud security is going to keep increasing.
Big Data Security Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, growing concerns over cyberattacks and pressure from regulatory compliance are driving growth in the big data security market. Companies will continue to collect and analyze huge volumes of data, and the need for stronger security solutions will grow. New technologies that are changing the game are in the form of cutting-edge technologies, including AI and ML. Cloud security solutions are also gaining ground. There are still other issues such as installation costs tend to be too high and there might be complications with integration. Big business is driving this trend, and with more small and medium-sized businesses learning just how important data protection is, the industry is sure to grow fast, with excellent opportunities for security suppliers, creative solutions, and both.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 28.55 Billion |
| Market size value in 2031 | USD 92.85 Billion |
| Growth Rate | 14% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Big Data Security Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Big Data Security Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Big Data Security Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Big Data Security Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Big Data Security Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Big Data Security Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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