According
to the new market research report "Big Data Security Market by Software (Encryption, Data Masking, Access
Control, Security Intelligence, Data Governance), Technology (IAM, SIEM, UTM,
IDS/IPS), Service, Deployment, Organization Size, and Industry Vertical -Global
Forecast to 2022", the big data security market size is
expected to grow from USD 12.22 Billion in 2017 to USD 26.85 Billion by 2022,
at a Compound Annual Growth Rate (CAGR) of 17.1%.
The
key factors driving the overall big data security market include evolving
regulatory landscape, increasing variety and volume of business data generated
from various sources, and increasing cyber-attacks demanding scalable high
security solutions.
Browse and
in-depth TOC on "Big
Data Security Market"
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The BFSI vertical is expected to have the largest market share
during the forecast period
The Banking,
Financial Services, and Insurance (BFSI) vertical is expected to have the
largest market share among all the verticals throughout the forecast period.
Organizations operating in the BFSI industry are using big data security
software and services for effective and efficient management of digital assets
from any kind of manipulation and threat. Further, the major reason for the
rising adoption can be attributed to the need for minimizing the risks and
frauds that occur every day. Also, big data security is offering insurance
providers with the opportunity to recognize customer behavior leading to
fraudulent claims and helping companies’ save time and money, which in turn
eventually help in lowering insurance premiums for customers.
The cloud deployment model to grow at a high CAGR during the
forecast period
The
cloud-based deployments are witnessing surge in demand due to their
cost-effectiveness and worldwide availability. Owing to their low hardware
requirement, cloud-based solutions incur low maintenance costs with 24/7
accessibility from anytime, anywhere. Due to advancements in cloud technologies
and increase in data generation from various constituents and customers,
cloud-based deployments are expected to exceed on-premises deployments. Also,
cloud solutions simplify the security process of the entire organization and
offer a competitive edge by terminating administrative roadblocks, thus
supporting infrastructure and allowing organizations to focus on improving
their competencies.
North America is expected to constitute the largest market share;
APAC to grow at the highest CAGR
In terms of
market shares of regions, North America is expected to continue its dominating
position throughout the forecast period. This is mainly because of the presence
of various developed economies such as Canada and the US in the region and
their focus on innovating the existing solutions. North America produces a
large amount of data, which can be attributed to early adoption of technologies
and high penetration of security solutions in multiple verticals such as
manufacturing, healthcare, transportation, and logistics and thus is the
largest market for big data security software and services. Asia Pacific (APAC)
is expected to grow at the highest CAGR during the forecast period. Growing
technology expenditures in countries such as China and India and the demand for
cost-effective advanced analytical software and services among SMEs are
expected to drive the market growth during the forecast period.
The big data
security market is a growing market and the major vendors present in the market
are IBM (US), Hewlett Packard Enterprise (HPE) (US), McAfee LLC (US), Symantec
Corporation (US), Check Point Software Technologies Ltd. (Israel), Fortinet,
Inc. (US), FireEye, Inc. (US), Rapid7, Inc. (US), LogRhythm, Inc. (US),
Proofpoint, Inc. (US), Imperva, Inc. (US), Thales e-Security (France),
AllenVault, Inc (US), Amazon Web Services (US), Centrify Corporation (US),
Cloudera, Inc. (US), DataVisor, Inc. (US), Gemalto NV (Netherlands), Gigamon
(US), Hortonworks, Inc. (US), Informatica Corporation (US), Oracle
Corporation (US), Microsoft Corporation (US), Pivotal Software, Inc. (US), Rapid
LLC (US), and Zettaset, Inc. (US).
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Research Insight: https://www.marketsandmarkets.com/ResearchInsight/big-data-security-market.asp
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/big-data-security-market.asp
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