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Kenneth Research, in its repository of market research reports, has recently added a report on Big Data Security Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Big Data Security Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
The U.S. Market recovers fast; In a release on May 4th, 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Big Data Security Market products.
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Market Overview:
The Global Big Data Security Market was valued at USD 10.85 billion in 2016 and is projected to reach USD 45.79 billion by 2025, growing at a CAGR of 17.35% from 2017 to 2025.
Big data is data sets that are so voluminous and complex that traditional data processing application software are inadequate to deal with them. From a security perspective, there are two distinct issues with big data which includes – securing the organization and its customers' information in a big data context and using big data techniques to analyze, and even predict, security incidents.
Market Dynamics:
1. Market Drivers
1.1 Increasing demand for third-party managed security service providers
1.2 Rising cyber attacks
1.3 Increasing demand for high security solutions
1.4 Growing volume and variety of business data
2. Market Restraints
2.1 Lack of awareness about data security
2.2 Lack of technical expertise for big data security
2.3 High installation and operational costs
Market Segmentation:
The Global Big Data Security Market is segmented on the technology, organization size, component, deployment model, vertical, and region.
1. Technology:
1.1 Intrusion Detection System/Intrusion Prevention System
1.2 Identity and Access Management
1.3 Security Information and Event Management
1.4 Unified Threat Management
1.5 Security and vulnerability management
1.6 Data Loss Prevention
2. Organization Size:
2.1 Large Enterprises
2.2 Small and Medium Organizations
3. By Deployment Mode:
3.1 Cloud-based
3.2 On-premises
4. By Component:
4.1 Software
4.1.1 Audit and reporting
4.1.2 Big data governance
4.1.3 Big data discovery and classification
4.1.4 Backup and recovery
4.1.5 Encryption, tokenization, and data masking
4.1.6 Access control
4.1.7 Security intelligence
4.2 Services
4.2.1 Managed services
4.2.2 Professional services
4.2.2.1 Education and training
4.2.2.2 Support and maintenance
4.2.2.3 Consulting services
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5. By Vertical:
5.1 Healthcare
5.2 Government and Defense
5.3 IT and Telecom
5.4 Banking, Financial Services, and Insurance (BFSI)
5.5 Energy and Utilities
5.6 Retail and e-commerce
5.7 Manufacturing
5.8 Others
6. By Region:
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Symantec Corporation
2. IBM Corporation
3. Microsoft Corporation
4. Check Point Software Technologies Ltd.
5. Hewlett Packard Enterprise
6. Oracle Corporation
7. Cloudera, Inc.
8. Centrify Corporation
9. Hortonworks Inc.
10. Thales E-Security
11. Mcafee, LLC
12. Zettaset, Inc.
13. Imperva, Inc.
14. Pivotal Software, Inc.
15. Amazon Web Services
16. Gemalto NV
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Global Big Data Security Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the research methodology of verified market research and other aspects of the research study, kindly get in touch with our sales team.
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Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research, are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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