What is the global market size of Big Data Security Market?

Global Big Data Security Market size was valued at USD 24 Billion in 2021 and is poised to grow from USD 28.56 Billion in 2022 to USD 114.85 Billion by 2030, at a CAGR of 14% during the forecast period (2023-2030).

Who are the key vendors in the Global Big Data Security Market?

The global big data security market is highly competitive, with several key players vying for market share and striving to differentiate themselves through innovative solutions and strategic partnerships. The competitive landscape is characterized by the presence of both established technology giants and emerging startups focusing on various aspects of big data security. companies offer a wide range of big data security solutions, including data encryption, threat intelligence, access control, data loss prevention, and security analytics. They compete based on factors such as product features, scalability, performance, reliability, and customer support. 'IBM Corporation (US)', 'Microsoft Corporation (US)', 'Oracle Corporation (US)', 'Cisco Systems, Inc. (US)', 'Dell Technologies Inc. (US)', 'Symantec Corporation (US)', 'Palo Alto Networks, Inc. (US)', 'Fortinet, Inc. (US)', 'McAfee LLC (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)', 'FireEye, Inc. (US)', 'Imperva, Inc. (US)', 'LogRhythm, Inc. (US)', 'Zscaler, Inc. (US)'

What is the key driver of Global Big Data Security Market?

The proliferation of digital technologies and the growing interconnectedness of systems, cyber threats have become more frequent and sophisticated. This has led to a greater emphasis on robust security measures to protect big data assets from unauthorized access, data breaches, and cyber-attacks.

What is the key market trend for Global Big Data Security Market?

Cloud-based Security Solutions: The adoption of cloud computing continues to rise, and organizations are increasingly turning to cloud-based security solutions. Cloud-based solutions offer scalability, cost-effectiveness, and the ability to leverage advanced security technologies provided by third-party vendors. The trend towards cloud-based big data security solutions allows organizations to enhance their security posture while minimizing infrastructure costs.

Which region accounted for the largest share in Big Data Security Market?

North America emerges as the dominating region in the global big data security market. This can be attributed to factors such as the presence of a large number of major technology companies, the high adoption rate of advanced technologies, and the increasing instances of cyber threats in the region. The United States, in particular, holds a significant share of the market due to its robust IT infrastructure, stringent data protection regulations, and the presence of key market players. North America's dominance is further supported by the region's strong focus on data security and privacy, driven by regulatory frameworks such as the Health Insurance Portability and Accountability Act (HIPAA) and the Payment Card Industry Data Security Standard (PCI DSS).

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.

Big Data Security Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

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. '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)'

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.

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.

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.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Big Data Security Market Insights

Big Data Security Market Report Snapshots

Want to customize this report?

FAQs

What is the global market size of Big Data Security Market?

Who are the key vendors in the Big Data Security Market?

What is the key driver of Big Data Security Market?

What is the key market trend for Big Data Security Market?

Which region accounted for the largest share in Big Data Security Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300