Big Data Security Market Research
A new market study, titled “Big Data Security Market Research ” has been featured on Market Research Future.
Big data security market is rapidly strengthening its market position by infiltrating diverse sectors with the help of digitalization. Cyber attacks have become more intense and severe, spurring the demand for big data security. The global big data security market is expecting to take a leap from its current market valuation of USD 14 bn with a 16.9% CAGR during the forecast period (2017-2023), predicts Market Research Future (MRFR). The extensive study further incorporates drivers that can make the market more intense such as the growing demand for data mining and analytics, need for security integration, and on-cloud deployment. Big data security service further includes encryption, data masking, access control, security intelligence, data governance, and others. Its growing popularity in sectors such as banking, financial services and insurance (BFSI) travel & logistics, healthcare, government, automotive, and IT & telecommunication can be seen as a decisive factor for the big data security market in coming years.
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However, lack of data security awareness can dampen the market prospect of the big data security market. But emergence and inclusion of third party service provider can take the market to an altogether new direction steering it away from the momentary hiccups during the forecast period.
Segmentation:
The global big data security market can be segmented by technology, component, deployment, organization size, and end-user.
By technology, the big data security market can be segmented into identity & access management, security information & event management, unified threat management, and intrusion detection system/ intrusion prevention system.
Based on component, the big data security market can be segmented into software and services.
By deployment, the big data security market can be segmented into on-cloud & on-premises.
Based on organization size, the big data security market includes small & medium enterprises (SMEs), and large enterprises.
Based on end-user, the big data security market can be segmented into BFSI, travel & logistics, healthcare, government, automotive, and IT & telecommunication.
Regional Analysis:
Region-specific analysis of the big data security market includes North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
North America is leading the market with the maximum revenue share. The market is basking in the infrastructural superiority that the latest technological implementations provide. Furthermore, the region’s tendency to adopt the innovations into system is far greater than its peers which has ensured a favorable market ambience for the big data security market. The U.S. in the region is a substantial contributor and has contributed USD 3.45 billion in 2017. In addition, several market leaders are based out of this region.
The APAC is all set to score the fastest CAGR during the forecast period. With emerging economies such as India and China, exponential growth of this market has become only a matter of time. Furthermore, the market is getting tractioned by cost-effective advanced analytical software solutions and SMEs who are in need for high-security solutions.
Market Insight:
The global big data security market is expecting strategic moves from the major market influencers which can take their market ahead. These tactical moves include merger, acquisition, and other methods which help the companies in taking steps as per their assessment of the competitive landscape.
IBM took over Vivisimo, a data discovery and navigation firm in 2018 to improve their market position. It is also buying Red Hat, a major distributor of open-source software and technology.
VMware, in 2018, has acquired Cetas Software, a startup company with a focus on cloud data analytics. VMware is planning to reshape the enterprise data technologies.
Symantec Corporation, in 2018, bought Blue Coat, a leading company that provides security to market behemoths and governments.
Eminent market players involved in this big data security market are IBM, Hewlett Packard Enterprise (HPE), Symantec Corporation, Fortinet, Check Point Software Technologies Ltd. FireEye Inc., Rapid7 Inc., Proofpoint Inc., LogRhythm Inc., and others.
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Big Data Security Market Research Big data is getting sumptuous traction for several industries as data is gaining priority all around.
The global big data security market is expecting a hike by 16.9% CAGR during the forecast period of 2017 to 2023.Online threats are a big deal for industries that rely heavily on big data.
Hackers can divulge secrets regarding individuals or government and corporate documents, which can dampen the growth in the customer base.
That is why companies are all trying for a revamping of their processes and that’s where big data security market gains ample opportunity to explore growth possibilities.Segmentation:MRFR analyzes the global big data security market in detail by segmenting it into different strata.
Such a segmentation creates a scope for an intense study with closer looks at different factors taking the big data security market ahead.Based on the technology, the big data security market encompasses Security Information & Event Management (SIEM), Unified Threat Management (UTM), Identity & Access Management (IAM), and Intrusion Detection System (IDS)/Intrusion Prevention System (IPS).Based on the component, the big data security market includes software and services.
The software segment covers access control, encryption, data masking, security intelligence, and data governance, whereas, services includes professional services and managed services.Based on the deployment, the big data security market comprises on-cloud and on-premise.
Market OverviewThe data mining of usable information is growing in importance these days, consequently motivating the big data security market 2020.
The ICT industry reports are produced by Market Research Future, which highlights market options for advancement.
The soaring demand for third-party managed security service providers is likely to promote the market for big data security in the coming years.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/4410Segmental AnalysisThe segmental assessment of the big data security market is conducted on the basis of component, organization size, deployment, technology, and end-user.
Based on the technology, the big data security market is segmented into unified threat management (UTM), security information and event management (SIEM), identity and access management (IAM), and intrusion detection system (IDS)/intrusion prevention system (IPS).
The U.S heads the market with revenue of USD 3.45 billion in 2017.
Furthermore, the demand for gainful advanced analytical software solutions & services among the many SMEs has led to the need for high-security solutions.Competitive AnalysisThe reinvention of the supply chains by integrating robust technology in them is estimated to spur the expansion of the market in the coming period.
