Published on 05 Mar 2020:

Meticulous Research®– leading global market research company published a research report titled “Big Data Security Market by Component (Solution, Services), Application (Identity and Access Management, Security Information and Event Management, Intrusion Detection System), Deployment, Industry Size (SMEs, Large Enterprises)- Global Forecast to 2027”.

According to this latest publication from Meticulous Research®, the global big data security market is expected to grow at a CAGR of 17.2% from 2019 to reach $64.4 billion by 2027. The substantial growth in the big data security market is mainly attributed to the factors such as growing significance of data security and privacy concern, growth of e-commerce industry, and real time streaming analysis. The emergence of disruptive digital technologies such as IoT across industry verticals, rising security intelligence vulnerabilities, and data breaches creat significant growth opportunities for the big data security market players. Furthermore, several other merits are associated with the implementation of big data security solutions including easy installation, convenient security access, and high-speed operation. However, lack of security expertise and skilled personnel will restrict the market growth to some extent.

The global big data security market study presents historical market data in terms of value (2017), estimated current data (2019), and forecast for 2027 by component (solution, services), application (identity and access management, security information and event management, intrusion detection system /intrusion prevention system, unified threat management, others), deployment (on-premises, cloud), industry size (SMEs, large enterprises), and geography. The study also evaluates industry competitors and analyzes the market at a country level.

Based on component, the big data security market is segmented into solution and services. The solution segment is expected to witness rapid growth in this market as an increasing number of e-commerce companies and organizations are adopting big data governance solutions. Additionally, the growing adoption of security intelligence solutions in SMEs and the high implementation rate of security solutions across all industrial sectors are the major factors driving the growth of the big data security solutions market.

On the basis of application, the identity and access management segment commanded the largest share of the overall big data security market in 2019. However, the intrusion detection and prevention system segment is expected to witness the fastest growth during the forecast period. With a consistently growing demand for employee mobility software and mobility service management, the intrusion prevention and detection segment will register significantly high growth rate as compared to other application segments.

Based on industry size, the overall big data security market is segmented into small and medium sized industry and large enterprises. The small and medium-sized category is projected to grow with the highest CAGR during the forecast period. Currently, the market is witnessing the upsurge of several SMEs and the subsequent requirement for establishing a secure network is also growing. These companies readily incorporate the big data security solutions in order to protect business data from unauthorized access, information misuse, and other malicious activities. As a result, the growth in the number of small and medium scale enterprises and their proliferating demand for big data security will propel the market growth within SME segment.

Check complete table of contents with a list of table and figures:

Geographic Review

Geographically, the overall big data security market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. With respect to revenue, North America is by far the most commanding market and expected to maintain its dominance throughout the forecast period. This region is a home to several leading big data security providers and the same has also experienced several cyber-attacks in the recent past. The region produces a huge amount of data, is one of the early adopters of technologies, has high penetration rate of security solutions in multiple verticals, and thus is the largest market for big data security. However, Asia-Pacific region is expected to witness rapid growth during the forecast period.

Key Players

Some of the key players operating in the global big data security market are Checkpoint Software Technology Ltd. (U.S.), Symantec Corporation (U.S.), IBM Corporation (U.S), Fortinet Inc (U.S.), FireEye Inc (U.S.), Microsoft Corporation (U.S.), Oracle Corporation (U.S.), Dell Technologies Inc (U.S.), Gemalto NV (Netherland), Hewlett Packard Enterprise (U.S.), McAfee LLC (U.S.), Imperva Inc (U.S.), AlienVault Inc (U.S.), and LogRhythm Inc (U.S.) among others.

Key questions answered in the report-

  • What was the historical market for big data security worldwide?
  • What are the market forecasts and estimates for the period of 2019-2027?
  • What are the major drivers, restraints, opportunities, and challenges in the big data security market?
  • Who are the major players in the big data security market?
  • How is the competitive landscape shaping up in the big data security market?
  • What are the recent developments in the big data security market?
  • What are the different strategies adopted by the major players in the big data security market?

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