Big Data Security Market
A new market study, titled “Big Data Security Market ” has been featured on Market Research Future.
have become increasingly intensive and severe. Ensuring big data security is most necessary as the future of the big data relies on it. As per the report published on global big data security market, by Market Research Future (MRFR), the market is likely to expand at a CAGR of 16.9% during the forecast period. Various factors contributing to the need for big data security include the proliferating use of data by large and small businesses to drive ROIs. This is also resulting in speedy mushrooming of data points that are vital, and vulnerable unless secured properly. Simultaneously, recent ransomware attacks pose a crippling effect on many organizations operating worldwide, which has triggered urgency among the business community, leading to the propulsion of growth in the big data security market.
Further, the big data security market is anticipated to expand due to the growing adoption of emerging technologies like identity and access management (IAM), unified threat management (UTM), security information and event management (SIEM), and intrusion detection system (IDS)/ intrusion prevention system (IPS) technologies. The big data security market is also witnessing an upsurge in growth due to the increasing variety and volume of business generated from numerous sources.
The global big data security market is segmented by MRFR, in their report, on the basis of technology, deployment, component, organization size, end-users, and region. Based on technology, the global big data security market is segmented into identity and access management (IAM), unified threat management (UTM), security information and event management (SIEM), and intrusion detection system (IDS)/ intrusion prevention system (IPS).
Based on component, the big data security market is segmented into software and services. The software segment is further sub-segmented into encryption, data masking, security intelligence, data governance, and access control. The services segment is sub-segmented into professional services and managed services. By deployment, the big data security market is segmented into on-cloud and on-premise. Based on organization size, the market has been segmented into small & medium-sized enterprises and large enterprises. By end-user, the market segments for big data security include BFSI, healthcare, government, automotive, travel & logistics, and IT & telecommunication.
Detailed Regional Analysis
The global big data security market is regionally segmented into Europe, North America, Asia Pacific, and Rest of the World. North America currently grasps the largest market share for big data security and is estimated to dominate the market in the foreseeable future. Such domination can be accredited to a proliferated adoption rate of security information and event management (SIEM) and identity & access management (IAM) technologies in the region. Europe is anticipated to record the fastest growth rate in the big data security market during the assessment period. Further, a burgeoning growth observed in the BFSI and healthcare sectors is also anticipated to contribute majorly to the growth of the big data security market.
Key Market Players
The global big data security market encapsulates the presence of numerous market giants. MRFR has mentioned some of these principal players including Check Point Software Technologies Ltd (Israel), Fortinet (U.S.), Hewlett Packard Enterprise Company (U.S.), IBM Corporation (U.S), McAfee, LLC (U.S.), Symantec Corporation (U.S.), FireEye, Inc. (U.S.), Rapid7, Inc. (U.S.), LogRhythm, Inc. (U.S.), and Proofpoint, Inc. (U.S.).
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