Big Data Security Market by Component, Technology (IAM, Security Information and Event Management, Intrusion Detection System/Intrusion Prevention System, UTM), Deployment, Industry Size (SMEs, Large Enterprises), and Geography- Global Forecast to 2027

  • Report ID:MRICT - 104283
  • Pages: 169
  • Sep 2020
  • Formats*: PDF
  • Category: Information & Communications Technology
  • Delivery: 2 to 4 Hours

1. Introduction
    1.1. Market Definition
    1.2. Market Ecosystem
    1.3. Currency and Limitations
           1.3.1. Currency
           1.3.2. Limitations
    1.4. Key Stakeholders

2. Research Methodology
    2.1. Research Process
    2.2. Data Collection & Validation
           2.2.1. Secondary Research
           2.2.2. Primary Research
    2.3. Market Assessment
           2.3.1. Market Size Estimation
           2.3.2. Bottom-Up Approach
           2.3.3. Top-Down Approach
           2.3.4. Growth Forecast
           2.3.5. Assumption for the Study

3. Executive Summary
    3.1. Market Analysis, by Component
    3.2. Market Analysis, by Technology
    3.3. Market Analysis, by Deployment Model
    3.4. Market Analysis, by Industry Size
    3.5. Market Analysis, by Region
    3.6. Competitive Analysis

4. Market Insights
    4.1. Introduction
    4.2. Drivers
           4.2.1. Emergence of Disruptive Digital Technologies
           4.2.2. Increasing Demand for Data Security and Privacy Solutions
           4.2.3. Growing E-Commerce Industry
    4.3. Restraints
           4.3.1. Big Data Security is Not Perceived as a Comprehensive Security Solution
    4.4. Opportunities
           4.4.1. Growing Need of Cloud-Based Security Solutions
           4.4.2. Leveraging AI, ML, and Blockchain Technologies for Cyber Defence
    4.5. Challenges
           4.5.1. Misconception and Lack of Knowledge about Big Data Security Solutions
    4.6. Trends
           4.6.1. Adoption of 5G Technology
    4.7. Impact of Covid-19 Pandemic on the Big Data Security Market
    4.8. Regulatory Analysis
           4.8.1. North America
                    4.8.1.1. U.S.
                    4.8.1.2. Canada
           4.8.2. Europe
                    4.8.2.1. Germany
                    4.8.2.2. U.K.
                    4.8.2.3. Spain
           4.8.3. Asia-Pacific
                    4.8.3.1. Japan

5. Big Data Security Market, by Component
    5.1. Introduction
    5.2. Solutions
           5.2.1. Backup & Recovery
           5.2.2. Access Control
           5.2.3. Big Data Governance
           5.2.4. Encryption
           5.2.5. Security Intelligence
    5.3. Services
           5.3.1. Professional Services
           5.3.2. Managed Services

6. Big Data Security Market, by Technology
    6.1. Introduction
    6.2. Identity & Access Management (IAM)
    6.3. Intrusion Detection System/Intrusion Prevention System (IDS/IPS)
    6.4. Security Information and Event Management (SIEM)
    6.5. Unified Threat Management (UTM)
    6.6. Other Technologies

7. Big Data Security Market, by Deployment Model
    7.1. Introduction
    7.2. On-Premise
    7.3. Cloud    

8. Big Data Security Market, by Industry Size
    8.1. Introduction
    8.2. Large Enterprises
    8.3. Small and Medium Enterprises

9. Big Data Security Market, by Geography
    9.1. Introduction
    9.2. North America
           9.2.1. U.S.
           9.2.2. Canada
    9.3. Europe
           9.3.1. U.K.
           9.3.2. Germany
           9.3.3. France
           9.3.4. Italy
           9.3.5. Spain
           9.3.6. Rest of Europe
    9.4. Asia-Pacific
           9.4.1. Japan
           9.4.2. China
           9.4.3. India
           9.4.4. South Korea
           9.4.5. Australia & New Zealand 
           9.4.6. Rest of Asia-Pacific
    9.5. Latin America
    9.6. Middle East & Africa

10. Competitive Land scape
      10.1. Introduction
      10.2. Key Growth Strategies
      10.3. Competitive Benchmarking
      10.4. Market Share Analysis (2019)      

11. Company Profile (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)
      11.1. Check Point Software Technologies, Ltd.
      11.2. Cisco Systems, Inc.
      11.3. Fortinet, Inc.
      11.4. Fireeye, Inc.
      11.5. IBM Corporation
      11.6. Microsoft Corporation
      11.7. Mcafee LLC
      11.8. Logrhythm, Inc.
      11.9. Hewlett-Packard Enterprise
      11.10. Imperva, Inc.
      11.11. Gemalto NV (A Part of Thales Group)
      11.12. Dell Technologies, Inc.
      11.13. Oracle Corporation
      11.14. Symantec Corporation (Nortonlifelock, Inc.)
     
12. Appendix
      12.1. Questionnaire
      12.2. Available Customization

List of Tables

Table 1  Currency Conversion Rate into USD, 2016-2019
Table 2  Impact Assessment of Covid-19 on Big Data Security Market ($Billion)
Table 3  Big Data Security Market Size, by Component, 2018-2027 ($Million)
Table 4  Big Data Security Solutions Market Size, by Type, 2018-2027 ($Million)
Table 5  Big Data Security Solutions Market Size, by Country/Region, 2018-2027 ($Million)
Table 6 Big Data Security Solutions Market Size for Backup & Recovery, by Country/Region, 2018-2027 ($Million)
Table 7 Big Data Security Solutions Market Size for Access Control, by Country/Region, 2018-2027 ($Million)
Table 8 Big Data Security Solutions Market Size for Big Data Governance, by Country/Region, 2018-2027 ($Million)
Table 9 Big Data Security Solutions Market Size for Encryption, by Country/Region, 2018-2027 ($Million)
Table 10 Big Data Security Market Size for Security Intelligence, by Country/Region, 2018-2027 ($Million)
Table 11  Big Data Security Services Market Size, by Type, 2018-2027 ($Million)
Table 12  Big Data Security Services Market Size, by Country/Region, 2018-2027 ($Million)
Table 13 Big Data Security Professional Services Market Size, by Country/Region, 2018-2027 ($Million)
Table 14 Big Data Security Managed Services Market Size, by Country/Region, 2018-2027 ($Million)
Table 15  Big Data Security Market Size, by Technology, 2018-2027 ($Million)
Table 16  Identity & Access Management Market Size, by Country, 2018-2027 ($Million)
Table 17 Intrusion Detection System/Intrusion Prevention System Market, by Country, 2018-2027 ($Million)
Table 18 Security Information and Event Management Market, by Country, 2018-2027 ($Million)
Table 19  Unified Threat Management Market, by Country, 2018-2027 ($Million)
Table 20  Other Technologies Market Size, by Country, 2018-2027 ($Million)
Table 21  Big Data Security Market Size, by Deployment Model, 2018-2027 ($Million)
Table 22  On-Premise Big Data Security Market Size, by Country, 2018-2027 ($Million)
Table 23  Cloud-Based Big Data Security Market Size, by Country, 2018-2027 ($Million)
Table 24  Big Data Security Market Size, by Industry Size, 2018-2027 ($Million)
Table 25 Big Data Security Market Size for Large Enterprises, by Country, 2018-2027, ($Million)
Table 26 Big Data Security Market Size for Small & Medium Enterprises, by Country, 2018-2027 ($Million)
Table 27  Big Data Security Market Size, by Country, 2018-2027 ($Million)
Table 28  North America: Big Data Security Market Size, by Country, 2018-2027 ($Million)
Table 29  North America: Big Data Security Market Size, by Component, 2018-2027 ($Million)
Table 30  North America: Big Data Security Solutions Market Size, by Type, 2018- 2027 ($Million)
Table 31  North America: Big Data Security Services Market Size, by Type, 2018-2027 ($Million)
Table 32  North America: Big Data Security Market Size, by Technology, 2018-2027 ($Million)
Table 33  North America: Big Data Security Market Size, by Deployment Model, 2018-2027 ($Million)
Table 34  North America: Big Data Security Market Size, by Industry Size, 2018-2027 ($Million)
Table 35  U.S.: Big Data Security Market Size, by Component, 2018-2027 ($Million)
Table 36  U.S.: Big Data Security Solutions Market Size, by Type, 2018- 2027 ($Million)
Table 37  U.S.: Big Data Security Services Market Size, by Type, 2018-2027 ($Million)
Table 38  U.S.: Big Data Security Market Size, by Technology, 2018-2027 ($Million)
Table 39  U.S.: Big Data Security Market Size, by Deployment Model, 2018-2027 ($Million)
Table 40  U.S.: Big Data Security Market Size, by Industry Size, 2018-2027 ($Million)
Table 41  Canada: Big Data Security Market Size, by Component, 2018-2027 ($Million)
Table 42  Canada: Big Data Security Solutions Market Size, by Type, 2018- 2027 ($Million)
Table 43  Canada: Big Data Security Services Market Size, by Type, 2018-2027 ($Million)
Table 44  Canada: Big Data Security Market Size, by Technology, 2018-2027 ($Million)
Table 45  Canada: Big Data Security Market Size, by Deployment Model, 2018-2027 ($Million)
Table 46  Canada: Big Data Security Market Size, by Industry Size, 2018-2027 ($Million)
Table 47  Europe: Big Data Security Market Size, by Country, 2018-2027 ($Million)
Table 48  Europe: Big Data Security Market Size, by Component, 2018-2027 ($Million)
Table 49  Europe: Big Data Security Solutions Market Size, by Type, 2018- 2027 ($Million)
Table 50  Europe: Big Data Security Services Market Size, by Type, 2018-2027 ($Million)
Table 51  Europe: Big Data Security Market Size, by Technology, 2018-2027 ($Million)
Table 52  Europe: Big Data Security Market Size, by Deployment Model, 2018-2027 ($Million)
Table 53  Europe: Big Data Security Market Size, by Industry Size, 2018-2027 ($Million)
Table 54  U.K.: Big Data Security Market Size, by Component, 2018-2027 ($Million)
Table 55  U.K.: Big Data Security Solutions Market Size, by Type, 2018- 2027 ($Million)
Table 56  U.K.: Big Data Security Services Market Size, by Type, 2018-2027 ($Million)
Table 57  U.K.: Big Data Security Market Size, by Technology, 2018-2027 ($Million)
Table 58  U.K.: Big Data Security Market Size, by Deployment Model, 2018-2027 ($Million)
Table 59  U.K.: Big Data Security Market Size, by Industry Size, 2018-2027 ($Million)
Table 60  Germany: Big Data Security Market Size, by Component, 2018-2027 ($Million)
Table 61  Germany: Big Data Security Solutions Market Size, by Type, 2018- 2027 ($Million)
Table 62  Germany: Big Data Security Services Market Size, by Type, 2018-2027 ($Million)
Table 63  Germany: Big Data Security Market Size, by Technology, 2018-2027 ($Million)
Table 64  Germany: Big Data Security Market Size, by Deployment Model, 2018-2027 ($Million)
Table 65  Germany: Big Data Security Market Size, by Industry Size, 2018-2027 ($Million)
Table 66  France: Big Data Security Market Size, by Component, 2018-2027 ($Million)
Table 67  France: Big Data Security Solutions Market Size, by Type, 2018- 2027 ($Million)
Table 68  France: Big Data Security Services Market Size, by Type, 2018-2027 ($Million)
Table 69  France: Big Data Security Market Size, by Technology, 2018-2027 ($Million)
Table 70  France: Big Data Security Market Size, by Deployment Model, 2018-2027 ($Million)
Table 71  France: Big Data Security Market Size, by Industry Size, 2018-2027 ($Million)
Table 72  Italy: Big Data Security Market Size, by Component, 2018-2027 ($Million)
Table 73  Italy: Big Data Security Solutions Market Size, by Type, 2018- 2027 ($Million)
Table 74  Italy: Big Data Security Services Market Size, by Type, 2018-2027 ($Million)
Table 75  Italy: Big Data Security Market Size, by Technology, 2018-2027 ($Million)
Table 76  Italy: Big Data Security Market Size, by Deployment Model, 2018-2027 ($Million)
Table 77  Italy: Big Data Security Market Size, by Industry Size, 2018-2027 ($Million)
Table 78  Spain: Big Data Security Market Size, by Component, 2018-2027 ($Million)
Table 79  Spain: Big Data Security Solutions Market Size, by Type, 2018- 2027 ($Million)
Table 80  Spain: Big Data Security Services Market Size, by Type, 2018-2027 ($Million)
Table 81  Spain: Big Data Security Market Size, by Technology, 2018-2027 ($Million)
Table 82  Spain: Big Data Security Market Size, by Deployment Model, 2018-2027 ($Million)
Table 83  Spain: Big Data Security Market Size, by Industry Size, 2018-2027 ($Million)
Table 84  Rest of Europe: Big Data Security Market Size, by Component, 2018-2027 ($Million)
Table 85  Rest of Europe: Big Data Security Solutions Market Size, by Type, 2018- 2027 ($Million)
Table 86  Rest of Europe: Big Data Security Services Market Size, by Type, 2018-2027 ($Million)
Table 87  Rest of Europe: Big Data Security Market Size, by Technology, 2018-2027 ($Million)
Table 88  Rest of Europe: Big Data Security Market Size, by Deployment Model, 2018-2027 ($Million)
Table 89  Rest of Europe: Big Data Security Market Size, by Industry Size, 2018-2027 ($Million)
Table 90  Asia-Pacific: Big Data Security Market Size, by Country, 2018-2027 ($Million)
Table 91  Asia-Pacific: Big Data Security Market Size, by Component, 2018-2027 ($Million)
Table 92  Asia-Pacific: Big Data Security Solutions Market Size, by Type, 2018- 2027 ($Million)
Table 93  Asia-Pacific: Big Data Security Services Market Size, by Type, 2018-2027 ($Million)
Table 94  Asia-Pacific: Big Data Security Market Size, by Technology, 2018-2027 ($Million)
Table 95  Asia-Pacific: Big Data Security Market Size, by Deployment Model, 2018-2027 ($Million)
Table 96  Asia-Pacific: Big Data Security Market Size, by Industry Size, 2018-2027 ($Million)
Table 97  Japan: Big Data Security Market Size, by Component, 2018-2027 ($Million)
Table 98  Japan: Big Data Security Solutions Market Size, by Type, 2018- 2027 ($Million)
Table 99  Japan: Big Data Security Services Market Size, by Type, 2018-2027 ($Million)
Table 100 Japan: Big Data Security Market Size, by Technology, 2018-2027 ($Million)
Table 101 Japan: Big Data Security Market Size, by Deployment Model, 2018-2027 ($Million)
Table 102 Japan: Big Data Security Market Size, by Industry Size, 2018-2027 ($Million)
Table 103 China: Big Data Security Market Size, by Component, 2018-2027 ($Million)
Table 104 China: Big Data Security Solutions Market Size, by Type, 2018- 2027 ($Million)
Table 105 China: Big Data Security Services Market Size, by Type, 2018-2027 ($Million)
Table 106 China: Big Data Security Market Size, by Technology, 2018-2027 ($Million)
Table 107 China: Big Data Security Market Size, by Deployment Model, 2018-2027 ($Million)
Table 108 China: Big Data Security Market Size, by Industry Size, 2018-2027 ($Million)
Table 109 India: Big Data Security Market Size, by Component, 2018-2027 ($Million)
Table 110 India: Big Data Security Solutions Market Size, by Type, 2018- 2027 ($Million)
Table 111 India: Big Data Security Services Market Size, by Type, 2018-2027 ($Million)
Table 112 India: Big Data Security Market Size, by Technology, 2018-2027 ($Million)
Table 113 India: Big Data Security Market Size, by Deployment Model, 2018-2027 ($Million)
Table 114 India: Big Data Security Market Size, by Industry Size, 2018-2027 ($Million)
Table 115 South Korea: Big Data Security Market Size, by Component, 2018-2027 ($Million)
Table 116 South Korea: Big Data Security Solutions Market Size, by Type, 2018- 2027 ($Million)
Table 117 South Korea: Big Data Security Services Market Size, by Type, 2018-2027 ($Million)
Table 118 South Korea: Big Data Security Market Size, by Technology, 2018-2027 ($Million)
Table 119 South Korea: Big Data Security Market Size, by Deployment Model, 2018-2027 ($Million)
Table 120 South Korea: Big Data Security Market Size, by Industry Size, 2018-2027 ($Million)
Table 121 Australia & New Zealand: Big Data Security Market Size, by Component, 2018-2027 ($Million)
Table 122 Australia & New Zealand: Big Data Security Solutions Market Size, by Type, 2018- 2027 ($Million)
Table 123 Australia & New Zealand: Big Data Security Services Market Size, by Type, 2018-2027 ($Million)
Table 124 Australia & New Zealand: Big Data Security Market Size, by Technology, 2018-2027 ($Million)
Table 125 Australia & New Zealand: Big Data Security Market Size, by Deployment Model, 2018-2027 ($Million)
Table 126 Australia & New Zealand: Big Data Security Market Size, by Industry Size, 2018-2027 ($Million)
Table 127 Rest of APAC: Big Data Security Market Size, by Component, 2018-2027 ($Million)
Table 128 Rest of APAC: Big Data Security Solutions Market Size, by Type, 2018- 2027 ($Million)
Table 129 Rest of APAC: Big Data Security Services Market Size, by Type, 2018-2027 ($Million)
Table 130 Rest of APAC: Big Data Security Market Size, by Technology, 2018-2027 ($Million)
Table 131 Rest of APAC: Big Data Security Market Size, by Deployment Model, 2018-2027 ($Million)
Table 132 Rest of APAC: Big Data Security Market Size, by Industry Size, 2018-2027 ($Million)
Table 133 Latin America: Big Data Security Market Size, by Component, 2018-2027 ($Million)
Table 134 Latin America: Big Data Security Solutions Market Size, by Type, 2018- 2027 ($Million)
Table 135 Latin America: Big Data Security Services Market Size, by Type, 2018-2027 ($Million)
Table 136 Latin America: Big Data Security Market Size, by Technology, 2018-2027 ($Million)
Table 137 Latin America: Big Data Security Market Size, by Deployment Model, 2018-2027 ($Million)
Table 138 Latin America: Big Data Security Market Size, by Industry Size, 2018-2027 ($Million)
Table 139 Middle East & Africa: Big Data Security Market Size, by Component, 2018-2027 ($Million)
Table 140 Middle East & Africa: Big Data Security Solutions Market Size, by Type, 2018- 2027 ($Million)
Table 141 Middle East & Africa: Big Data Security Services Market Size, by Type, 2018-2027 ($Million)
Table 142 Middle East & Africa: Big Data Security Market Size, by Technology, 2018-2027 ($Million)
Table 143 Middle East & Africa: Big Data Security Market Size, by Deployment Model, 2018-2027 ($Million)
Table 144 Middle East & Africa: Big Data Security Market Size, by Industry Size, 2018-2027 ($Million)
Table 145 Recent Developments, by Company, 2017-2020 

List of Figures

Figure 1  Research Process
Figure 2  Key Secondary Sources
Figure 3  Primary Research Techniques
Figure 4  Key Executives Interviewed
Figure 5  Breakdown of Primary Interviews (Supply-Side & Demand -Side)
Figure 6  Market Sizing & Growth Forecast Approach
Figure 7  Key Insights
Figure 8  Global Data Security Market, by Component, 2020 Vs. 2027
Figure 9  Identity & Access Management to Dominate the Big Data Security Market, by Technology
Figure 10 The On-Premise Segment Accounted for the Largest Share of the Market
Figure 11 The Large Enterprises Segment Accounted for the Largest Share of the Market
Figure 12 Geographic Analysis: Big Data Security Market
Figure 13 Market Dynamics
Figure 14 Global Big Data Security Market Size, by Component, 2020-2027 ($Million)
Figure 15 Global Big Data Security Market Size, by Technology, 2020-2027 ($Million)
Figure 16 Global Big Data Security Market Size, by Deployment Model, 2020-2027 ($Million)
Figure 17 Global Big Data Security Market Size, by Industry Size, 2020-2027 ($Million)
Figure 18 Global Big Data Security Market Size, by Region, 2020-2027 ($Million)
Figure 19 North America Snapshot: Big Data Security Market
Figure 20 Europe Snapshot: Big Data Security Market
Figure 21 Asia-Pacific: Big Data Security Market Snapshot
Figure 22 Key Growth Strategies Adopted by Leading Players, 2016-2020
Figure 23 Big Data Security: Competitive Benchmarking
Figure 24 Market Share Analysis: Big Data Security Industry, 2019
Figure 25 Check Point Software Technologies Ltd: Financial Overview (2017-2019)
Figure 26 Cisco Systems, Inc.: Financial Overview (2017-2019)
Figure 27 Fortinet, Inc.: Financial Overview (2016-2018)
Figure 28 Fireeye, Inc.: Financial Overview (2017-2019)
Figure 29 IBM Corporation: Financial Overview (2017-2019)
Figure 30 Microsoft Corporation: Financial Overview (2017-2019)
Figure 31 Hewlett-Packard Company: Financial Overview (2017-2019)
Figure 32 Gemalto NV: Financial Overview (2016-2018)
Figure 33 Dell Technologies, Inc.: Financial Overview (2017-2019)
Figure 34 Oracle Corporation: Financial Overview (2017-2019)
Figure 35 Symantec Corporation: financial Overview (2017-2019)

COVID-19

This report provides pre & post COVID-19 market estimates

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The big data security market is expected to grow at a CAGR of 6.3% from 2020 to reach $28.02 billion by 2027. The growth in this market can be attributed to the factors such as rapid growth in the volume of business data, rising cyber-attack & data breaches, and increasing demand for high-security solutions. Furthermore, advancements of IoT and other intelligence devices, growing e-commerce industry, and evolving regulatory landscapes are driving the growth of the big data security market. However, the lack of security expertise and skilled personnel are some of the key factors expected to hamper the growth of this market in the coming years. Moreover, the risk associated with data security due to IoT and cloud platforms is challenging the market growth. Besides, the big data security is not considered as a comprehensive security measure, especially by small and medium scale enterprises.

Impact of COVID-19 on the Big Data Security Market

The COVID-19 pandemic has adversely hit several economies around the globe. Combat measures against the pandemic, such as complete lockdown, social distancing, and quarantine have put strong adverse impact on many industries across the globe, including a portion of the IT security industry. With many employees working from home and students learning virtually, enterprise virtual private network (VPN) servers have now become a new lifeline to organizations and institutions. Thus, the rapid adoption of new approaches exposed the vulnerability of organizations and institutes against potential cyber risks. One of the major factors in the rise of attacks on corporate emails includes spurts of COVID-19 websites offering fake prepositions in exchange for personal information. For instance, spear-phishing email attacks related to COVID-19 have increased by 667% since the end of February.

In 2020, the impact of the COVID-19 outbreak on the global big data security market started in China, one of the world's largest producers and consumers for portable devices, including smartphones, computers, and tablets. The closing of production plants for few months in China and restrictions on export and import of portable devices to and from China’s restricted area has strongly impacted the supply chain, production, sales, and operation of these industries. Moreover, this pandemic is also expected to adversely affect the big data security market in many countries across the globe, including India, the U.S., Brazil, and European countries. However, as most of the IT companies adopted work-from-home policies in response to the COVID-19 pandemic, cybersecurity has become a grave issue for organizations across the globe and thus, expected to provide some relief to the global big data security market and help the market to recover at a much faster rate.

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Increasing demand for data security and privacy is driving growth of the big data security market

The proliferation of connected devices, such as smart devices and smartphones, generate a huge volume of data that is often collected, stored, and processed for several derivative analytics. However, the protection of such data from cybercriminals and data leaks is on the priority list of organizations in order to safeguard their client’s data and maintain their market reputation. Big data security solutions are one of the major tools used to minimize the issues associated with data security. The growing demand for security and privacy solutions is one of the most significant factors forcing enterprises to adopt more decentralized and edge-based security techniques.

Over the past few years, there has been a tremendous increase in the investment made by organizations for fortifying data security and hire data security professionals. Nearly 10% of the total demand for security services over the coming years will be driven by privacy breach issues. This is expected to encourage organizations to take preventive measures to ensure identity & access management, identity governance and administration, and prevention of data loss. Consequently, the increasing awareness regarding the necessity of data security solutions and the resultant increase in the investment by organizations is expected to drive the growth of the big data security market over the coming years.

Key Findings in the Global Big Data Security Market Study:

The big data security solutions segment to command the largest share of the overall market in 2020

Based on component, the solutions segment is estimated to command the largest share of the overall big data security market in 2020. The growth of the segment is attributed to the increasing concern regarding the endpoint device security & privacy and increasing number of new entrants providing security solutions against the cyber-attacks. Besides, prominent players are investing valuable resources to enhance the capabilities of big data solutions for more dynamic security threats. This has encouraged organizations to incorporate big data security solutions according to their needs.

Identity and access management technology to dominate the overall big data security market in 2020

Based on technology, the identity and access management technology is estimated to dominate the overall big data security market in 2020, owing to the continuous developments in data security and rapid use of web and smartphone application. The identity and access management market growth are primarily driven by the increased demand in security governance, distributed systems, and workforce & enforcement concerns, as well as lower quality of security services within organizations.

North America: The largest regional market

Geographically, the North America region is estimated to command the largest share of the global big data security market in 2020. This region is a home to several leading big data security providers and has also experienced several cyber-attacks in recent past. The region produces a huge amount of data, which can be attributed to early adoption of technologies and high penetration of security solutions in multiple verticals and thus is the largest market for big data security solutions.

Key Players

The report includes competitive landscape based on extensive assessment of the key strategic developments adopted by the leading market participants in the global big data security market over last 4-5 years. The key players profiled in the global big data security market are Cisco Systems Inc. (U.S.), Check Point Software Technologies, Ltd. (U.S.), IBM Corporation (U.S.), Fortinet, Inc. (U.S.), FireEye Inc. (U.S.), Microsoft Corporation (U.S.), Symantec Corporation (U.S.), Oracle Corporation (U.S.), Dell Technologies Inc. (U.S.), Gemalto N.V. (Netherland), Hewlett Packard Enterprise (U.S.), McAfee LLC (U.S.), Imperva, Inc. (U.S.), and LogRhythm, Inc. (U.S.), among others.

Scope of the Report:

Big Data Security Market, by Component

Solution

  • Encryption
  • Backup & Recovery
  • Security Intelligence
  • Big Data Governance
  • Access Control

Services

  • Professional Services
  • Managed Services

Big Data Security Market, by Technology

  • Identity & Access Management
  • Security Information & Event Management
  • Intrusion Detection/Prevention System
  • Unified Threat Management
  • Others

Big Data Security Market, by Deployment

  • On-Premise
  • Cloud

Big Data Security Market, by Industry Size

  • Small and Medium Enterprises
  • Large Enterprises

Big Data Security Market, By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia & New Zealand
    • Rest of Asia-Pacific
  • Latin America
  • Middle East and Africa

Key questions answered in the report:

The global big data security market is expected to grow at a CAGR of 6.3% from 2020 to 2027 to reach $28.02 billion by 2027 from $18.31 billion in 2020.
Based on component, the solutions segment is estimated to command the largest share the overall big data security market in 2020. The growth of this segment is attributed to the increasing concern regarding the endpoint device security & privacy and increasing number of new entrants providing security solutions against cyber-attacks.
The growth of this market can be attributed to the rapid growth in the volume of business data, rising cyber-attack & data breaches, and increasing demand for high-security solutions. In addition, advancements of IoT and other intelligence devices, growing e-commerce industry, and evolving regulatory landscapes are driving the growth of the big data security market. Furthermore, the growing need for cloud-based security solutions and growing use of AI, ML, and blockchain technologies for cyber defense offering prominent opportunities for the growth of the market.
Some of the most prominent participants operating in the big data security market include Cisco Systems Inc. (U.S.), Check Point Software Technologies, Ltd. (U.S.), IBM Corporation (U.S.), Fortinet, Inc. (U.S.), FireEye Inc. (U.S.), Microsoft Corporation (U.S.), Symantec Corporation (U.S.), Oracle Corporation (U.S.), Dell Technologies Inc. (U.S.), Gemalto N.V. (Netherland), Hewlett Packard Enterprise (U.S.), McAfee LLC (U.S.), Imperva, Inc. (U.S.), and LogRhythm, Inc. (U.S.), among others.
At present, North America dominated the global big data security market. However, Asia-Pacific region is expected to witness rapid growth during the forecast period. The growth of this market is mainly attributed to the growing technology expenditure in the region and the demand for cost-effective advanced analytical solutions among SMEs during the forecast period.
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Tags: Big Data Analytics
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