Big Data Security Market Research Report
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Global Big Data Security Market
The GMI Research forecasts that the Big Data Security Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the increasing consumer consciousness, escalating endorsement by enterprises to drive decision-making and identify opportunities, and soaring investments in these solutions.
Introduction of the Big Data Security Market
Big Data security refers to the processing of data and analytics processes in the cloud and on-premise from factors that may compromise their confidentiality. It is the aggregate term used for all the measures required to defend the data and analytics process from different attacks, theft, and other activities.
Key Players of the Global Big Data Security Market:
• Microsoft Corporation
• Hewlett Packard Enterprise Development LP
• Check Point Software Technologies Ltd.
• FireEye, Inc.
• Amazon Web Services (AWS)
Big Data Security Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
One of the major drivers responsible for the growth of the global big data security market includes the increasing endorsement of applications based on Artificial Intelligence (AI) and Machine Learning (ML). The AI technology primarily focused on introducing intelligent machines that help and mechanize processes. Besides this, machine learning, a subset of AI, enables machines to forecast outcomes without using algorithms and accurately learn from their users. Moreover, the technologies help to secure the information collected by organizations and businesses from different sources. In addition, they assist in performing security analysis which reduces the time taken by authorities to minimize data thefts.
Also, big data security solution helps the organizations to minimize the chances of intellectual property loss, or any other loss of information and evades business disturbances. For example, "Canva", the leading Australian graphic design tool website tormented from an attack in 2019, that barned email addresses, cities of residence, and usernames. Thus, the accelerating number of cyber-attacks in which the attackers mostly attack endpoints, networks, and cloud-based applications have strengthened the market size. However, the insufficient budget and colossal installation cost of these solutions will likely hamper the big data security market growth.
Deployment Segment Drivers
Based on the deployment, the cloud is expected to witness faster growth over the forecast period. This is because the solutions can be easily used on-premises and offered in cloud offering as per the business needs. The on-premises deployment model enables enterprises to have more control over all security solutions, including next-generation firewalls and intrusion prevention systems. Moreover, the amplified demand by small, medium and large organizations proliferates big data security market size.
Organization Size Segment Drivers
Based on the organization size, large enterprises will expand at a faster CAGR owing to their growing concentration on architecture to integrate big data to prevent critical assets from cyber-attacks. Also, the solution helps to safeguard the data centers, network, devices, end-points, users, and applications from unauthorized usage and attacks, which further contributes to the market growth.
Based on the region, North America is contemplated to hold the largest share in the market owing to the existence of several major enterprises such as Intel, concentrating on expanding their data environment. Moreover, the White House invested nearly USD 200 million in the Big Data projects. For example, Loblaws, the most prominent supermarket retail chain, implements these solutions to learn about their customers and offer them value-added services and promotions, including discounts and rewards, which further supplements the market growth.
Big Data Security Market Segmentation:
Segmentation by Component
o Data Discovery and Classification
o Data Authorization and Access
o Data Encryption
o Tokenization and Masking
o Data Auditing and Monitoring
o Data Governance and Compliance
o Data Security Analytics
o Data Backup and Recovery
Segmentation by Deployment Mode
Segmentation by Organization Size
• Large Enterprises
• Small and Medium-sized Enterprises
Segmentation by Vertical
• Information Technology and Information Technology-Enables Services
• Healthcare and Social Assistance
• Retail Trade
Segmentation by Region:
• North America
o United States of America
• Asia Pacific
o Rest of APAC
o United Kingdom
o Rest of Europe
o South Africa
o Saudi Arabia
o Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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